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KW (Kennedy-Wilson Holdings) Earnings Yield (Joel Greenblatt) % : -1.40% (As of Jun. 2024)


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What is Kennedy-Wilson Holdings Earnings Yield (Joel Greenblatt) %?

Kennedy-Wilson Holdings's Enterprise Value for the quarter that ended in Jun. 2024 was $7,021.6 Mil. Kennedy-Wilson Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was $-98.0 Mil. Kennedy-Wilson Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2024 was -1.40%.

The historical rank and industry rank for Kennedy-Wilson Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

KW' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.39   Med: 4.27   Max: 10.29
Current: -1.37

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Kennedy-Wilson Holdings was 10.29%. The lowest was -1.39%. And the median was 4.27%.

KW's Earnings Yield (Joel Greenblatt) % is ranked worse than
77.74% of 1846 companies
in the Real Estate industry
Industry Median: 3.855 vs KW: -1.37

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) %. Kennedy-Wilson Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2024 was -38.49%. 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.


Kennedy-Wilson Holdings Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Kennedy-Wilson Holdings'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.

* Premium members only.

Kennedy-Wilson Holdings Earnings Yield (Joel Greenblatt) % Chart

Kennedy-Wilson Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.23 5.06 7.68 4.51 -1.03

Kennedy-Wilson Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.48 3.16 -1.03 0.32 -1.40

Competitive Comparison of Kennedy-Wilson Holdings's Earnings Yield (Joel Greenblatt) %

For the Real Estate Services subindustry, Kennedy-Wilson Holdings'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.


Kennedy-Wilson Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Kennedy-Wilson Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Kennedy-Wilson Holdings's Earnings Yield (Joel Greenblatt) % falls into.



Kennedy-Wilson Holdings 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.

Kennedy-Wilson Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-77.5/7534.95264
=-1.03 %

Kennedy-Wilson Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-98.0 Mil.



Kennedy-Wilson Holdings  (NYSE:KW) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Kennedy-Wilson Holdings Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Kennedy-Wilson Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Kennedy-Wilson Holdings Business Description

Industry
Traded in Other Exchanges
Address
151 S El Camino Drive, Beverly Hills, CA, USA, 90212
Kennedy-Wilson Holdings Inc is a real estate investment company that owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and office properties, as well as industrial and debt investments. It has two business segments; Consolidated Portfolio includes investment activities that involve ownership of multifamily units, office, retail and industrial space, and one hotel, and The Co-Investment Portfolio segment consists of investments the Company makes with partners in which it receives fees, performance allocations that it earns on its fee-bearing capital and distributions and profits from its ownership interest in the underlying operations of its co-investments.
Executives
William J Mcmorrow director, 10 percent owner, officer: Chief Executive Officer 530 WILSHIRE BLVD, STE 101, SANTA MONICA CA 90401
Michael John Pegler officer: President KW Europe 151 S EL CAMINO DRIVE, BEVERLY HILLS CA 90212
Regina Wambold Finnegan officer: EVP, Risk Management and HR 151 S EL CAMINO DRIVE, BEVERLY HILLS CA 90212
Todd L Boehly director 600 STEAMBOAT ROAD, GREENWICH CT 06830
Boucher Richard Aidan Hugh director 151 S EL CAMINO DRIVE, BEVERLY HILLS CA 90212
Wade Burton director 151 S EL CAMINO DRIVE, BEVERLY HILLS CA 90212
Stanley R Zax director ZENITH NATIONAL INSURANCE, 21255 CALIFA STREET, WOODLAND HILLS CA 91367
Mary Ricks officer: Co-CEO of KW Com Invt Group
Watsa V Prem Et Al 10 percent owner 95 WELLINGTON STREET WEST, SUITE 800, TORONTO A6 M5J 2N7
Fairfax Financial Holdings Ltd/ Can 10 percent owner FAIRFAX FINANCIAL HOLDINGS LTD, 95 WELLINGTON ST WEST STE 800, TORONTO A6 M5J 2N7
Second 1109 Holdco Ltd. 10 percent owner 95 WELLINGTON ST W STE 800, TORONTO A6 M5J 2N7
Sixty Two Investment Co Ltd 10 percent owner 1600 CATHEDRAL PLACE, 925 W GEORGIA ST, VANCOUVER BC CANADA A1 V6C3L3
Justin Enbody officer: Chief Financial Officer 9701 WILSHIRE BLVD., SUITE 700, BEVERLY HILLS CA 90212
Kent Y Mouton director C/O KENNEDY WILSON INC, 9601 WILSHIRE BLVD STE 220, BEVERLY HILLS CA 90210
Cathy Hendrickson director 9701 WILSHIRE BLVD., SUITE 700, BEVERLY HILLS CA 90210