What is STRABAG SE Earnings Yield (Joel Greenblatt) %?
STRABAG SE's Enterprise Value for the quarter that ended in Jun. 2023 was €1,280 Mil.
STRABAG SE's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was €809 Mil. STRABAG SE's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 0.00%.
The historical rank and industry rank for STRABAG SE's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XTER:XD4'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.75 Med: 26.07 Max: 111.84
Current: 34.13
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of STRABAG SE was 111.84%. The lowest was 10.75%. And the median was 26.07%.
XTER:XD4's Earnings Yield (Joel Greenblatt) % is ranked better than 93.24% of 1700
companies
in the Construction industry
Industry Median: 6.43
vs XTER:XD4: 34.13
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) %. STRABAG SE's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2023 was 0.00%. 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.
STRABAG SE Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for STRABAG SE'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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STRABAG SE Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of STRABAG SE's Earnings Yield (Joel Greenblatt) %
For the Engineering & Construction subindustry, STRABAG SE'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.
STRABAG SE's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, STRABAG SE's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where STRABAG SE's Earnings Yield (Joel Greenblatt) % falls into.
STRABAG SE 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.
STRABAG SEs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 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.
STRABAG SE (XTER:XD4) 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.
STRABAG SE Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of STRABAG SE's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
STRABAG SE is a technology group for construction services. Its services contribute to multiple stages of the construction process, from planning to execution and demolition. The company coordinates people, materials, and machinery to complete construction projects in an efficient manner. Strabag has four operating segments: North and west; South and East; International and Special divisions; and Other. It builds large transportation infrastructure, plants, commercial and industrial facilities, and other large structures related to industrial development. Some projects are granted through concessions from regional governments. The company generates revenue in Europe, with Germany and Austria being important regions for the company.
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