What is Ryland Group Earnings Yield (Joel Greenblatt) %?
Ryland Group's Enterprise Value for the quarter that ended in Jun. 2015 was €0 Mil.
Ryland Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 was €254 Mil. Ryland Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2015 was 9.20%.
The historical rank and industry rank for Ryland Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:RYG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.9 Med: 7.8 Max: 26.3
Current: 10.25
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Ryland Group was 26.30%. The lowest was 0.90%. And the median was 7.80%.
FRA:RYG's Earnings Yield (Joel Greenblatt) % is not ranked
in the Homebuilding & Construction industry.
Industry Median: 7.705
vs FRA:RYG: 10.25
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) %. Ryland Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2015 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.
Ryland Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Ryland 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.
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Ryland Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Ryland Group's Earnings Yield (Joel Greenblatt) %
For the Residential Construction subindustry, Ryland 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.
Ryland Group's Earnings Yield (Joel Greenblatt) % Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Ryland Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ryland Group's Earnings Yield (Joel Greenblatt) % falls into.
Ryland 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.
Ryland Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 is calculated as
Ryland Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €254 Mil.
Ryland Group (FRA:RYG) 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.
Ryland Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Ryland Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ryland Group Inc is a Maryland corporation, which was founded in 1967. It is a homebuilder and a mortgage-finance company. The Company consists of six operating business segments namely four geographically determined homebuilding regions; financial services; and corporate. The Company's homebuilding operations consist of four regional reporting segments namely North, Southeast, Texas and West. The homebuilding segments specialize in the sale and construction of single-family attached and detached housing. Its operations in each of its homebuilding markets might differ due to a number of market-specific factors. These factors include regional economic conditions and job growth; land availability and local land development; consumer preferences; competition from other homebuilders; and home resale activity. The Company's financial services segment includes RMC, RH Insurance Company, Inc. or RHIC, LPS Holdings Corporation and its subsidiaries and Columbia National Risk Retention Group, Inc. or CNRRG. Corporate is a non-operating business segment whose purpose is to support operations. Corporate is responsible for establishing operational policies and internal control standards; implementing strategic initiatives; and monitoring compliance with policies and controls throughout the Company's operations. Corporate acts as an internal source of capital and provides financial, human resource, information technology, insurance, legal, marketing, national purchasing and tax compliance services. In addition, it performs administrative functions associated with a publicly traded entity. Ryland Insurance Services or RIS, a wholly-owned subsidiary of RMC, provides insurance services to the Company's homebuyers. As single-family on-site homebuilders in the United States, it operates in 17 states. The Company's homebuilding segments are subject to a number of local, state and federal laws, statutes, ordinances, rules and regulations concerning zoning, building design, construction, stormwater permitting and discharge and similar matters, as well as open space, wetlands and environmentally protected areas.
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