What is Cheesecake Factory Earnings Yield (Joel Greenblatt) %?
Cheesecake Factory's Enterprise Value for the quarter that ended in Dec. 2023 was $3,577 Mil.
Cheesecake Factory's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $109 Mil. Cheesecake Factory's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 3.03%.
The historical rank and industry rank for Cheesecake Factory's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CAKE'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.54 Med: 5.57 Max: 10.4
Current: 3.01
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Cheesecake Factory was 10.40%. The lowest was -16.54%. And the median was 5.57%.
CAKE's Earnings Yield (Joel Greenblatt) % is ranked worse than 54.49% of 356
companies
in the Restaurants industry
Industry Median: 3.505
vs CAKE: 3.01
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) %. Cheesecake Factory's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
Cheesecake Factory Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Cheesecake Factory'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 Cheesecake Factory's Earnings Yield (Joel Greenblatt) %
For the Restaurants subindustry, Cheesecake Factory'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.
Cheesecake Factory's Earnings Yield (Joel Greenblatt) % Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Cheesecake Factory's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cheesecake Factory'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.
Cheesecake Factorys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Cheesecake Factory's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $109 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.
Cheesecake Factory Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Cheesecake Factory's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Cheesecake Factory (Cheesecake Factory) Business Description
Cheesecake Factory owns and operates restaurants in the United States and Canada under brands that include The Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and Flower Child. Majority of the company's revenue comes from The Cheesecake Factory restaurants segment.
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