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CNO Financial Group's Enterprise Value for the quarter that ended in Dec. 2023 was $7,087 Mil. CNO Financial Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $748 Mil. CNO Financial Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 8.40%.
The historical rank and industry rank for CNO Financial Group'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 CNO Financial Group was 20.17%. The lowest was -3.85%. And the median was 6.57%.
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) %. CNO Financial Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 36.90%. 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 CNO Financial Group'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.
CNO Financial Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 6.67 | 6.58 | 12.24 | 14.84 | 8.40 |
CNO Financial Group 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 | 12.05 | 9.16 | 9.17 | 8.40 | - |
For the Insurance - Life subindustry, CNO Financial Group'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 Insurance industry and Financial Services sector, CNO Financial Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CNO Financial Group'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.
CNO Financial Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | 595.4 | / | 7087.1882 | |
= | 8.40 % |
CNO Financial Group'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 $748 Mil.
CNO Financial Group (NYSE:CNO) 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 CNO Financial Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeanne L. Linnenbringer | officer: EVP and COO | 11825 N. PENNSYLVANIA ST., CARMEL IN 46032 |
Tarasi Rocco F Iii | officer: Chief Marketing Officer | C/O ITT EDUCATIONAL SERVICES INC, 13000 NORTH MERIDIAN STREET, CARMEL IN 46032 |
John R Kline | officer: SVP & CAO | 11825 N. PENNSYLVANIA STREET, CARMEL IN 46032 |
Yvonne K Franzese | officer: EVP and Chief HR Officer | 200 LAKE STREET EAST, WAYZATA MN 55391 |
Karen Detoro | officer: Chief Actuary and CRO | C/O CNO FINANCIAL GROUP, INC., 11825 NORTH PENNSYLVANIA STREET, CARMEL IN 46032 |
Scott L. Goldberg | officer: President, Consumer Division | 11825 N. PENNSYLVANIA STREET, CARMEL IN 46032 |
Gary C Bhojwani | director, officer: Chief Executive Officer | 1 HORMEL PLACE, AUSTIN MN 55912 |
Steven E Shebik | director | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Brown Archie M Jr | director | 255 E FIFTH STREET, CINCINNATI OH 45202 |
Adrianne Lee | director | 799 WEST COLISEUM WAY, MIDVALE UT 84047 |
Matthew J. Zimpfer | officer: EVP and General Counsel | 11825 N. PENNSYLVANIA STREET, CARMEL IN 46032 |
Michael E. Mead | officer: EVP and CIO | 11825 N. PENNSYLVANIA ST., CARMEL IN 46032 |
Frederick James Sievert | director | 260 SOUTH LAKE DRIVE, STAMFORD CT 06903 |
Chetlur S Ragavan | director | 230 PARK AVENUE, NEW YORK NY 10169 |
Dan Maurer | director | C/O ZAGG INC., 3855 SOUTH 500 WEST, SUITE N, SALT LAKE CITY UT 84115 |
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