What is Edel SE KGaA Earnings Yield (Joel Greenblatt) %?
Edel SE KGaA's Enterprise Value for the quarter that ended in Sep. 2023 was €127.8 Mil.
Edel SE KGaA's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was €22.4 Mil. Edel SE KGaA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 17.54%.
The historical rank and industry rank for Edel SE KGaA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XTER:EDL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.43 Med: 9.69 Max: 17.63
Current: 15.92
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Edel SE KGaA was 17.63%. The lowest was 6.43%. And the median was 9.69%.
XTER:EDL's Earnings Yield (Joel Greenblatt) % is ranked better than 84.56% of 1049
companies
in the Media - Diversified industry
Industry Median: 2.89
vs XTER:EDL: 15.92
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) %. Edel SE KGaA's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 was 24.05%. 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.
Edel SE KGaA Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Edel SE KGaA'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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Edel SE KGaA Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Edel SE KGaA's Earnings Yield (Joel Greenblatt) %
For the Entertainment subindustry, Edel SE KGaA'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.
Edel SE KGaA's Earnings Yield (Joel Greenblatt) % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Edel SE KGaA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Edel SE KGaA's Earnings Yield (Joel Greenblatt) % falls into.
Edel SE KGaA 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.
Edel SE KGaAs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Edel SE KGaA (XTER:EDL) 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.
Edel SE KGaA Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Edel SE KGaA's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Edel SE & Co KGaA is an independent media company. The Edel Group divides its operational business into three business areas which are Manufacturing & Distribution, Music & Entertainment, and Books. The company offers artists, authors, labels, publishers, and other rights holders, different types of products and services. The company has two reportable segments which are Manufacturing and logistics and Marketing and sales. The company generates the majority of its revenue from Manufacturing and logistics. Geographically company generates revenues from Great Britain, Germany, Ireland, USA, France, and others.
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