What is Interactive Brokers Group Earnings Yield (Joel Greenblatt) %?
Interactive Brokers Group's Enterprise Value for the quarter that ended in Dec. 2023 was $26,968 Mil.
Interactive Brokers Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $6,505 Mil. Interactive Brokers Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 24.10%.
The historical rank and industry rank for Interactive Brokers Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
IBKR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.8 Med: 9.72 Max: 74.07
Current: 73.53
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Interactive Brokers Group was 74.07%. The lowest was 2.80%. And the median was 9.72%.
IBKR's Earnings Yield (Joel Greenblatt) % is ranked better than 96.44% of 786
companies
in the Capital Markets industry
Industry Median: 2.41
vs IBKR: 73.53
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) %. Interactive Brokers Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 72.29%. 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.
Interactive Brokers Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Interactive Brokers 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.
* Premium members only.
Interactive Brokers Group Earnings Yield (Joel Greenblatt) % Chart
For the Capital Markets subindustry, Interactive Brokers 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.
Interactive Brokers Group's Earnings Yield (Joel Greenblatt) % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Interactive Brokers Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Interactive Brokers Group's Earnings Yield (Joel Greenblatt) % falls into.
Interactive Brokers Group 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.
Interactive Brokers Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Interactive Brokers 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 $6,505 Mil.
Interactive Brokers Group (NAS:IBKR) 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.
Interactive Brokers Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Interactive Brokers Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Interactive Brokers Group (Interactive Brokers Group) Business Description
Interactive Brokers is an online brokerage that generates trading commissions (around 43% of net revenue) from facilitating trading in a wide range of products, including equity, options, futures, foreign exchange, bonds, mutual funds, and ETFs. Interactive Brokers also generates net interest income (about 54% of net revenue) from idle client cash and earns fees (about 6% of net revenue) from ancillary services. Principal trading and other miscellaneous activities are small (about negative 3% of net revenue). The firm derives about 70% of its net revenue from the U.S. and 30% from international markets.
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