International Game Technology (FRA:IGT) Earnings Yield (Joel Greenblatt) % : 6.44% (As of Dec. 2014)

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What is International Game Technology Earnings Yield (Joel Greenblatt) %?

International Game Technology's Enterprise Value for the quarter that ended in Dec. 2014 was €4,744 Mil. International Game Technology's EBIT for the trailing twelve months (TTM) ended in Dec. 2014 was €305 Mil. International Game Technology's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2014 was 6.44%.

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

FRA:IGT's Earnings Yield (Joel Greenblatt) % is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 4.66
* Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.

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) %. International Game Technology's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2014 was 8.92%. 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.

International Game Technology Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for International Game Technology'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.

International Game Technology Earnings Yield (Joel Greenblatt) % Chart

International Game Technology Annual Data

Trend

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Earnings Yield (Joel Greenblatt) %

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7.25

9.08

7.79

7.19

International Game Technology Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															8.64	8.87	7.83	7.19	6.44

Competitive Comparison of International Game Technology's Earnings Yield (Joel Greenblatt) %

For the Gambling subindustry, International Game Technology'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.

International Game Technology's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, International Game Technology's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

International Game Technology 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.

International Game Technologys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2014 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	342.061	/	4560.0545
	=	7.50 %

International Game Technology's EBIT for the trailing twelve months (TTM) ended in Dec. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €305 Mil.

International Game Technology (FRA:IGT) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

International Game Technology Earnings Yield (Joel Greenblatt) % Related Terms

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International Game Technology (FRA:IGT) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » International Game Technology (FRA:IGT) » Definitions » Earnings Yield (Joel Greenblatt) %

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Address

Website

International Game Technology was incorporated in Nevada in December 1980. It is a gaming Company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms land-based, online real-money and social gaming. The Company manages operations in two geographic segments namely North America and International. North America consists of operations in the US and Canada and International encompasses its efforts in all other jurisdictions. The Company has two revenue streams within each business segment gaming operations and product sales. It includes the sales of gaming equipment, systems, services, licensing, and component parts in Product Sales. It provides casino games, gaming equipment and systems technology for land-based and online social gaming and wagering markets under for-sale or revenue sharing arrangements. IGT systems products include infrastructure and applications for casino management, customer relationship management, player management, and server-based gaming. Casino management solutions include integrated modules for machine accounting, patron management, cage and table accounting, ticket-in/ticket-out, bonusing, and table game automation. The Company's competitors include Ainsworth Game Technology Ltd, Aristocrat Leisure Limited, Bally Technologies, Inc., Konami Gaming Inc., Novomatic Group of Companies, and WMS Industries, Inc. At September 30, 2013, the Company held approximately 6,000 patents or patent applications and approximately 4,100 trademarks filed and registered around the world. he manufacture and distribution of casino games, gaming equipment, systems technology, and related services, as well as the operation of casinos, is subject to regulation by a variety of federal, state, international, tribal, and local agencies, with the majority of oversight provided by individual state gaming control boards.