What is Lafarge Earnings Yield (Joel Greenblatt) %?
Lafarge's Enterprise Value for the quarter that ended in Jun. 2015 was €0 Mil.
Lafarge's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 was €946 Mil. Lafarge's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2015 was 3.60%.
The historical rank and industry rank for Lafarge's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XPAR:LGNV'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.7 Med: 7.4 Max: 15.9
Current: 3.5
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Lafarge was 15.90%. The lowest was 1.70%. And the median was 7.40%.
XPAR:LGNV's Earnings Yield (Joel Greenblatt) % is not ranked
in the Building Materials industry.
Industry Median: 5.69
vs XPAR:LGNV: 3.50
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) %. Lafarge's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2015 was -6.15%. 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.
Lafarge Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Lafarge'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.
Competitive Comparison of Lafarge's Earnings Yield (Joel Greenblatt) %
For the Building Materials subindustry, Lafarge'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.
Lafarge's Earnings Yield (Joel Greenblatt) % Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Lafarge's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lafarge'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.
Lafarges Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 is calculated as
Lafarge's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €946 Mil.
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.
Lafarge Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Lafarge's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Lafarge SA is a French limited liability company governed by French law and was founded in France in 1833 and was incorporated in 1884 under the name "J. et A. Pavin de Lafarge". The Company provides building materials. It is engaged in producing & selling cement, aggregates and ready-mix concrete, mostly under the "Lafarge" brand name. Its building products and solutions are used to construct and renovate homes, buildings and infrastructures. At year-end 2013, Company cement production operated, in 56 countries, 113 cement plants and 42 grinding plants, with an annual production capacity of 221 million tons. It also manages cement trading activities. The Company aggregates and concrete are used as raw materials for concrete, masonry, asphalt, and other industrial processes, and as base materials for roads, landï¬lls, and building. As of December 31, 2013, Company had approximately 437 production facilities for aggregates in 23 countries. The Company's Ready-mix concrete had 1,026 concrete plants in 33 countries as of December 31, 2014. The Company also produces asphalt in North America and the United Kingdom, and sells either as a stand-alone product, or in conjunction with contracted paving. The Company operates in Western Europe, North America, Central & Eastern Europe, Middle East & Africa, and Asia.
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