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Virtu Financial's Enterprise Value for the quarter that ended in Mar. 2024 was $7,435 Mil. Virtu Financial's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $957 Mil. Virtu Financial's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 12.87%.
The historical rank and industry rank for Virtu Financial's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Virtu Financial was 26.84%. The lowest was 2.47%. And the median was 14.06%.
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) %. Virtu Financial's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 41.92%. 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.
The historical data trend for Virtu Financial'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.
Virtu Financial Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 2.85 | 26.60 | 19.92 | 17.36 | 14.64 |
Virtu Financial Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 12.52 | 10.88 | 9.29 | 14.64 | 12.87 |
For the Capital Markets subindustry, Virtu Financial'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.
For the Capital Markets industry and Financial Services sector, Virtu Financial's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Virtu Financial's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Virtu Financials Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | 924.892 | / | 6318.173102 | |
= | 14.64 % |
Virtu Financial's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $957 Mil.
Virtu Financial (NAS:VIRT) 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.
Thank you for viewing the detailed overview of Virtu Financial's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph Molluso | officer: EX VP & CFO | 645 MADISON AVENUE, NEW YORK NY 10022-1010 |
Douglas A Cifu | director, officer: CEO | ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006 |
Brett Fairclough | officer: COO | ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006 |
Joanne Minieri | director | 100 VENTERANS MEMORIAL HIGHWAY, 11TH FL, HAUPPAUGE NY 11788 |
Stephen Cavoli | officer: EVP | 300 VESEY STREET, NEW YORK NY 10282 |
Gic Private Ltd | 10 percent owner | 168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912 |
Coral Blue Investment Pte. Ltd. | 10 percent owner | 168 ROBINSON ROAD 37-01 CAPITAL TOWER, SINGAPORE U0 068912 |
North Island Ventures, Llc | 10 percent owner | 51 WEST 52ND STREET, 30TH FLOOR, NEW YORK NY 10019 |
Sean Galvin | officer: CFO | 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310 |
Public Sector Pension Investment Board | 10 percent owner | 1250 RENE-LEVESQUE BLVD WEST, SUITE 1400, MONTREAL A8 H3B 5E9 |
Temasek Holdings (private) Ltd | 10 percent owner | 60B ORCHARD ROAD #06-18 TOWER 2, THE ATRIUM@ORCHARD, SINGAPORE U0 238891 |
Joseph C. Grano | director | 1185 AVENUE OF THE AMERICAS, SUITE 1750, NEW YORK NY 10036 |
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Alexander M. Ioffe | officer: CFO | ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006 |
Hyungtaek Kim | officer: CAO | ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006 |
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