What is Sigmatron International Earnings Yield (Joel Greenblatt) %?
Sigmatron International's Enterprise Value for the quarter that ended in Jan. 2024 was $112.3 Mil.
Sigmatron International's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $17.5 Mil. Sigmatron International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 15.60%.
The historical rank and industry rank for Sigmatron International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SGMA'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.57 Med: 6.63 Max: 22.43
Current: 14.33
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Sigmatron International was 22.43%. The lowest was -7.57%. And the median was 6.63%.
SGMA's Earnings Yield (Joel Greenblatt) % is ranked better than 88.29% of 2477
companies
in the Hardware industry
Industry Median: 3.13
vs SGMA: 14.33
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) %. Sigmatron International's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 was -38.22%. 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.
Sigmatron International Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Sigmatron International'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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Sigmatron International Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Sigmatron International's Earnings Yield (Joel Greenblatt) %
For the Electronic Components subindustry, Sigmatron International'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.
Sigmatron International's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Sigmatron International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sigmatron International's Earnings Yield (Joel Greenblatt) % falls into.
Sigmatron International 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.
Sigmatron Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Apr. 2023 is calculated as
Sigmatron International's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $17.5 Mil.
Sigmatron International (NAS:SGMA) 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.
Sigmatron International Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Sigmatron International's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sigmatron International (Sigmatron International) Business Description
Sigmatron International Inc is an independent provider of electronic manufacturing services (EMS). It provides printed circuit board assemblies and completely assembled electronic products. In addition, it also provides automatic and manual assembly and testing of products; material sourcing and procurement; manufacturing and test engineering support; warehousing and distribution services. The company primarily serves the industrial electronics, consumer electronics, and medical sciences industries. It has two reportable segments as an independent provider of electronic manufacturing services ("EMS") and as a provider of products to pet technology ("Pet Tech"). Geographically, it derives a majority of its revenue from Mexico and also has a presence in China and Vietnam.
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