GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » TriMas Corp (NAS:TRS) » Definitions » Earnings Yield (Joel Greenblatt) %

TriMas (TriMas) Earnings Yield (Joel Greenblatt) %

: 4.58% (As of Dec. 2023)
View and export this data going back to 2007. Start your Free Trial

TriMas's Enterprise Value for the quarter that ended in Dec. 2023 was $1,452.0 Mil. TriMas's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $66.5 Mil. TriMas's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 4.58%.

The historical rank and industry rank for TriMas's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

TRS' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.89   Med: 5.1   Max: 8.38
Current: 4.65

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of TriMas was 8.38%. The lowest was -6.89%. And the median was 5.10%.

TRS's Earnings Yield (Joel Greenblatt) % is ranked worse than
55.47% of 402 companies
in the Packaging & Containers industry
Industry Median: 5.88 vs TRS: 4.65

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) %. TriMas'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.


TriMas Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for TriMas'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.

TriMas Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.95 -5.21 4.40 6.84 4.58

TriMas Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.84 5.81 5.13 5.70 4.58

Competitive Comparison

For the Packaging & Containers subindustry, TriMas'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.


TriMas Earnings Yield (Joel Greenblatt) % Distribution

For the Packaging & Containers industry and Consumer Cyclical sector, TriMas's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where TriMas's Earnings Yield (Joel Greenblatt) % falls into.



TriMas 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.

TriMass Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=66.51/1452.009193
=4.58 %

TriMas'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 $66.5 Mil.



TriMas  (NAS:TRS) 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.


TriMas Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of TriMas's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


TriMas (TriMas) Business Description

Traded in Other Exchanges
Address
38505 Woodward Avenue, Suite 200, Bloomfield Hills, MI, USA, 48304
TriMas Corp is a United States-based company that designs, manufactures, and distributes engineered and applied products. The company operates through three segments. The packaging segment manufactures and distributes closure and dispensing systems. The aerospace segment supplies blind bolts, fasteners, rivets, and other products for the aerospace industry. The specialty product segment manufactures and distributes steel cylinders, wellhead engines, compression systems, industrial sealing, and fasteners.
Executives
Teresa M. Finley director 927 STOVALL BOULEVARD NE, ATLANTA GA 30319
Daniel P Tredwell director 177 BROAD STREET, 10TH FLOOR, STAMFORD CT 06901
Scott A Mell officer: Chief Financial Officer 4884 CIDER HILL DRIVE, ROCHESTER MI 48306
Jodi F. Robin officer: General Counsel and Secretary 38505 WOODWARD AVENUE, BLOOMFIELD HILLS MI 48304
Paul Swart other: Chief Accounting Officer 38505 WOODWARD AVENUE, STE. 200, BLOOMFIELD HILLS MI 48304
Jeffrey A Fielkow director 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Samuel Iii Valenti director, officer: Chairman 39400 WOODWARD AVENUE, SUITE 100, BLOOMFIELD HILLS MI 48304
Thomas A Amato director, officer: President and CEO 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Salik Fabio Leandro Matheus officer: President, TriMas Packaging 3012 FOREST CREEK CT., NAPERVILLE IL 60565
John Philip Schaefer officer: President, TriMas Aerospace 27411 VALDERAS, MISSION VIEJO CA 92691
Jeffrey M Greene director 4990 OLDE TOWNE WAY, MARIETTA GA 30068
Robert J Zalupski officer: Vice President & Treasurer 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Joshua A Sherbin officer: Vice President & Secretary 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Herbert K Parker director 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Holly M Boehne director 6955 BLACK DUCK DRIVE, LINO LAKES MN 55014

TriMas (TriMas) Headlines

From GuruFocus

TriMas Streamlines Manufacturing Footprint

By Business Wire 07-07-2023

TriMas Declares Quarterly Dividend

By Business Wire Business Wire 04-20-2023

TriMas Declares Quarterly Dividend

By Business Wire Business Wire 02-16-2023

TriMas Announces Agreement to Acquire Weldmac

By Business Wire Business Wire 02-23-2023

TriMas Releases Third Annual Sustainability Report

By Business Wire Business Wire 06-21-2023