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Chubb (BUE:CB) Earnings Yield (Joel Greenblatt) % : 9.71% (As of Sep. 2015)


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What is Chubb Earnings Yield (Joel Greenblatt) %?

Chubb's Enterprise Value for the quarter that ended in Sep. 2015 was ARS0.00 Mil. Chubb's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 was ARS24,891.35 Mil. Chubb's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2015 was 9.71%.

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

BUE:CB' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.5   Med: 12   Max: 20.4
Current: 8.9

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Chubb was 20.40%. The lowest was 3.50%. And the median was 12.00%.

BUE:CB's Earnings Yield (Joel Greenblatt) % is not ranked
in the Insurance industry.
Industry Median: 6.055 vs BUE:CB: 8.90

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) %. Chubb's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2015 was 15.34%. 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.


Chubb Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Chubb'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.

Chubb Earnings Yield (Joel Greenblatt) % Chart

Chubb Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.41 10.03 10.00 13.46 10.18

Chubb Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial 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 12.03 10.18 9.35 11.04 9.71

Competitive Comparison of Chubb's Earnings Yield (Joel Greenblatt) %

For the Insurance - Property & Casualty subindustry, Chubb'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.


Chubb's Earnings Yield (Joel Greenblatt) % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Chubb's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Chubb 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.

Chubbs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=24464.411/0
= %

Chubb's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was ARS24,891.35 Mil.



Chubb  (BUE:CB) 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.


Chubb Earnings Yield (Joel Greenblatt) % Related Terms

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Chubb (BUE:CB) Business Description

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Chubb Corp was incorporated as a business corporation under the laws of the State of New Jersey in June 1967. It is a holding company for several, separately organized, property and casualty insurance companies referred to informally as the Chubb Group of Insurance Companies (the P&C Group). Since 1882, insurance companies or predecessor companies included in the P&C Group have provided property and casualty insurance to businesses and individuals around the world. The P&C Group consists of subsidiaries domiciled both in and outside the United States. The P&C Group operates through three strategic business units: Chubb Personal Insurance, Chubb Commercial Insurance and Chubb Specialty Insurance. Chubb Personal Insurance offers personal insurance products for homes and valuable articles (such as art and jewelry), for high net worth individuals. Chubb Commercial Insurance offers commercial insurance products. Its underwriting focuses on specific industry segments and niches. Much of its commercial customer base is comprised of mid-sized commercial entities. Its insurance offerings include multiple peril, primary liability, excess and umbrella liability, automobile, workers' compensation and property and marine. The market for Chubb Commercial Insurance products is the United States. The markets for its commercial products outside the United States are Europe, Canada and Australia. Chubb Specialty Insurance offers specialized professional liability products for privately held and publicly traded companies, financial institutions, professional firms, healthcare and not-for-profit organizations. Chubb Specialty Insurance products include directors and officers liability insurance, errors and omissions liability insurance, employment practices liability insurance, fiduciary liability insurance and commercial and financial fidelity insurance. The market for these products is the United States. Outside the United States, the markets for these products are Europe, Canada and Australia. Chubb Specialty Insurance also offers surety products, in the United States and Latin America. The Company competes not only with other stock companies but also with mutual companies, other underwriting organizations and alternative risk sharing mechanisms.

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