GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » MSCI Inc (NYSE:MSCI) » Definitions » Earnings Yield (Joel Greenblatt) %

MSCI (MSCI) Earnings Yield (Joel Greenblatt) % : 3.31% (As of Sep. 2024)


View and export this data going back to 2007. Start your Free Trial

What is MSCI Earnings Yield (Joel Greenblatt) %?

MSCI's Enterprise Value for the quarter that ended in Sep. 2024 was $49,813 Mil. MSCI's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was $1,648 Mil. MSCI's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was 3.31%.

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

MSCI' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.65   Med: 3.6   Max: 5.98
Current: 3.38

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of MSCI was 5.98%. The lowest was 1.65%. And the median was 3.60%.

MSCI's Earnings Yield (Joel Greenblatt) % is ranked worse than
50.76% of 792 companies
in the Capital Markets industry
Industry Median: 3.375 vs MSCI: 3.38

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) %. MSCI's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 was 22.01%. 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.


MSCI Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for MSCI'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.

MSCI Earnings Yield (Joel Greenblatt) % Chart

MSCI 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 3.18 2.16 1.91 2.98 3.18

MSCI Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.05 3.18 3.25 4.28 3.31

Competitive Comparison of MSCI's Earnings Yield (Joel Greenblatt) %

For the Financial Data & Stock Exchanges subindustry, MSCI'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.


MSCI's Earnings Yield (Joel Greenblatt) % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, MSCI's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where MSCI's Earnings Yield (Joel Greenblatt) % falls into.



MSCI 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.

MSCIs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=1555.74/48907.98428
=3.18 %

MSCI's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,648 Mil.



MSCI  (NYSE:MSCI) 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.


MSCI Earnings Yield (Joel Greenblatt) % Related Terms

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


MSCI Business Description

Industry
Address
250 Greenwich Street, 49th Floor, 7 World Trade Center, New York, NY, USA, 10007
MSCI has described its mission as enabling investors to build better portfolios for a better world. MSCI's largest and most profitable segment is its index segment, where it provides benchmarking to asset managers and asset owners. In addition, it boasts over $1.4 trillion in ETF assets linked to MSCI indexes. The MSCI analytics segment provides portfolio management and risk management analytics software to asset managers and asset owners. MSCI's all other segment was broken out into ESG and climate and private assets segments in 2021. In ESG and climate, MSCI provides ESG data to the investment industry. In private assets, MSCI provides real restate reporting, market data, benchmarking, and analytics to investors and real estate managers.
Executives
Robert J. Gutowski officer: General Counsel C/O MSCI INC., 7 WORLD TRADE CENTER, 49TH FLOOR, NEW YORK NY 10007
Scott A Crum officer: Chief Human Resources Officer C/O MSCI INC., 7 WORLD TRADE CENTER, 250 GREENWICH STREET, 49TH FL., NEW YORK NY 10007
Henry A Fernandez director, officer: Chairman, CEO and President MSCI INC., 88 PINE STREET, NEW YORK NY 10005
Cd Baer Pettit officer: Head of Client Coverage MSCI INC., 88 PINE STREET, NEW YORK NY 10005
Catherine R Kinney director C/O QTS REALTY TRUST INC., 12851 FOSTER STREET, OVERLAND PARK KS 66213
Andrew C. Wiechmann officer: Interim CFO and Treasurer 7 WORLD TRADE CENTER, 250 GREENWICH STREET, 49TH FLOOR, NEW YORK NY 10007
Robin Matlock director C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Jennifer H Mak officer: Principal Accounting Officer 115 TABOR ROAD, MORRIS PLAINS NJ 07950
Rajat Taneja director C/O ELECTRONIC ARTS INC., 209 REDWOOD SHORES PARKWAY, LEGAL DEPT., REDWOOD CITY CA 94065
Paula Volent director MSCI INC., 7 WORLD TRADE CENTER, 49TH FLOOR, NEW YORK NY 10007
Sandy C. Rattray director MSCI INC., 7 WORLD TRADE CENTER, 49TH FLOOR, NEW YORK NY 10007
Laurent Seyer officer: Global Head of Client Cvrg 7 WORLD TRADE CENTER, 250 GREENWICH STREET, 49TH FLOOR, NEW YORK NY 10007
Benjamin F Dupont director C/O MSCI INC., 88 PINE STREET, NEW YORK NY 10005
Linda Huber officer: CFO and Treasurer FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Jigar Thakkar officer: Chief Technology Officer C/O MSCI INC., 7 WORLD TRADE CENTER, 49TH FLOOR, NEW YORK NY 10007