What is Jefferies Financial Group Earnings Yield (Joel Greenblatt) %?
Jefferies Financial Group's Enterprise Value for the quarter that ended in Aug. 2024 was $23,277 Mil.
Jefferies Financial Group's EBIT for the trailing twelve months (TTM) ended in Aug. 2024 was $4,145 Mil. Jefferies Financial Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Aug. 2024 was 17.79%.
The historical rank and industry rank for Jefferies Financial Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JEF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.69 Med: 17.28 Max: 167.87
Current: 17.15
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Jefferies Financial Group was 167.87%. The lowest was 3.69%. And the median was 17.28%.
JEF's Earnings Yield (Joel Greenblatt) % is ranked better than 82.32% of 792
companies
in the Capital Markets industry
Industry Median: 3.375
vs JEF: 17.15
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Jefferies Financial Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Aug. 2024 was 20.97%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Jefferies Financial Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Jefferies Financial Group's Earnings Yield (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Jefferies Financial Group Earnings Yield (Joel Greenblatt) % Chart
For the Capital Markets subindustry, Jefferies Financial Group's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Jefferies Financial Group's Earnings Yield (Joel Greenblatt) % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Jefferies Financial Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Jefferies Financial Group's Earnings Yield (Joel Greenblatt) % falls into.
Jefferies Financial Group Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Jefferies Financial Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Nov. 2023 is calculated as
Jefferies Financial Group's EBIT for the trailing twelve months (TTM) ended in Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,145 Mil.
Jefferies Financial Group (NYSE:JEF) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Jefferies Financial Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Jefferies Financial Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jefferies Financial Group Inc is a diversified financial services company. It has two reportable segments; Investment Banking and Capital Markets which is also the majority revenue generating segment, includes securities, commodities, corporate lending, futures and foreign exchange capital markets activities and its investment banking business, which provides underwriting and financial advisory services to clients across different sectors. The Asset Management reportable business segment provides alternative investment management services to investors in the U.S. and overseas and generates investment income from capital invested in and managed by it or its affiliated asset managers.
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