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URI (United Rentals) Earnings Yield (Joel Greenblatt) % : 6.04% (As of Sep. 2024)


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What is United Rentals Earnings Yield (Joel Greenblatt) %?

United Rentals's Enterprise Value for the quarter that ended in Sep. 2024 was $67,137 Mil. United Rentals's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was $4,053 Mil. United Rentals's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was 6.04%.

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

URI' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.26   Med: 8.34   Max: 12.5
Current: 6.03

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of United Rentals was 12.50%. The lowest was 5.26%. And the median was 8.34%.

URI's Earnings Yield (Joel Greenblatt) % is ranked better than
52.16% of 1110 companies
in the Business Services industry
Industry Median: 5.645 vs URI: 6.03

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) %. United Rentals's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 was 18.58%. 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.


United Rentals Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for United Rentals'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.

United Rentals Earnings Yield (Joel Greenblatt) % Chart

United Rentals 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 8.83 6.71 6.59 8.83 7.56

United Rentals 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 8.91 7.56 6.48 7.17 6.04

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

For the Rental & Leasing Services subindustry, United Rentals'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.


United Rentals's Earnings Yield (Joel Greenblatt) % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, United Rentals's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



United Rentals 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=3846/50872.734032
=7.56 %

United Rentals'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 $4,053 Mil.



United Rentals  (NYSE:URI) 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.


United Rentals Earnings Yield (Joel Greenblatt) % Related Terms

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


United Rentals Business Description

Industry
Traded in Other Exchanges
Address
100 First Stamford Place, Suite 700, Stamford, CT, USA, 06902
United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 15% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinite periods.
Executives
Joli L. Gross officer: SVP, General Counsel TWO AMERICAN LANE, GREENWICH CT 06831
Anthony S. Leopold officer: SVP C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Michael D Durand officer: EVP, Chief Operating Officer C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Matthew John Flannery officer: Sr. Vice President- Operations C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902
Craig Adam Pintoff officer: Sr. V.P,, Gen. Counsel & H.R. C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STE 700, STAMFORD CT 06902
William E. Grace officer: VP, Interim CFO C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Terri L. Kelly director C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Dale A Asplund officer: Senior V.P.-Business Services C/O BRIGHTVIEW HOLDINGS, INC., 980 JOLLY ROAD, SUITE 300, BLUE BELL PA 19422
Andrew B. Limoges officer: VP, Controller C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Jose B Alvarez director STOP & SHOP, 1385 HANCOCK STREET, QUINCY MA 02169
Francisco J Lopez-balboa director 3280 PEACHTREE ROAD, N.W., ATLANTA GA 30305
Jessica Graziano officer: Vice President, Controller C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902
Shiv Singh director C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
De Shon Larry D director 6 SYLVAN WAY, PARSIPPANY NJ 07054
Filippo Passerini director C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902