What is Rockwell Automation Earnings Yield (Joel Greenblatt) %?
Rockwell Automation's Enterprise Value for the quarter that ended in Sep. 2024 was €30,303 Mil.
Rockwell Automation's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was €1,149 Mil. Rockwell Automation's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was 3.67%.
The historical rank and industry rank for Rockwell Automation's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:RWL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.99 Med: 5.04 Max: 9.87
Current: 3.41
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Rockwell Automation was 9.87%. The lowest was 1.99%. And the median was 5.04%.
FRA:RWL's Earnings Yield (Joel Greenblatt) % is ranked worse than 52.53% of 3038
companies
in the Industrial Products industry
Industry Median: 3.71
vs FRA:RWL: 3.41
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) %. Rockwell Automation's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 was 10.14%. 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.
Rockwell Automation Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Rockwell Automation'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 Rockwell Automation's Earnings Yield (Joel Greenblatt) %
For the Specialty Industrial Machinery subindustry, Rockwell Automation'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.
Rockwell Automation's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Rockwell Automation's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Rockwell Automation'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.
Rockwell Automations Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2024 is calculated as
Rockwell Automation's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,149 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.
Rockwell Automation Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Rockwell Automation's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
With roots tracing back to the early 1900s, Rockwell Automation is the successor to Rockwell International, which spun off its avionics segment in 2001. It is a pure-play industrial automation company that operates through three segments. Its largest segment by revenue, intelligent devices, sells factory floor-level devices such as motors, drives, sensors, relays, and actuators. Its software & control segment sells visualization, simulation, and human-machine interface software and control products such as programmable controllers, computers, and operator terminals. Its smallest segment, lifecycle services, offers digital consulting, engineered-to-order services, and other outsourced services such as remote monitoring, cybersecurity, and asset and plant maintenance and optimization.
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