What is Essity AB Earnings Yield (Joel Greenblatt) %?
Essity AB's Enterprise Value for the quarter that ended in Mar. 2024 was kr162,618 Mil.
Essity AB's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was kr15,362 Mil. Essity AB's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 9.44%.
The historical rank and industry rank for Essity AB's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
OSTO:ESSITY B'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.01 Med: 6.31 Max: 9.51
Current: 6.23
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Essity AB was 9.51%. The lowest was 3.01%. And the median was 6.31%.
OSTO:ESSITY B's Earnings Yield (Joel Greenblatt) % is ranked better than 58.15% of 1945
companies
in the Consumer Packaged Goods industry
Industry Median: 4.87
vs OSTO:ESSITY B: 6.23
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) %. Essity AB's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 5.12%. 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.
Essity AB Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Essity AB'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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Essity AB Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Essity AB's Earnings Yield (Joel Greenblatt) %
For the Household & Personal Products subindustry, Essity AB'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.
Essity AB's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Essity AB's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Essity AB's Earnings Yield (Joel Greenblatt) % falls into.
Essity AB 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.
Essity ABs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Essity AB's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr15,362 Mil.
Essity AB (OSTO:ESSITY B) 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.
Essity AB Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Essity AB's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Essity is a health and hygiene company spun out of Svenska Cellulosa in June 2017. Essity's products span the feminine-care, baby-care, toilet paper, facial tissue, and wet wipes categories, as well as hand soap, hand sanitizers, and tissue dispensers for institutional customers. Essity also offers medical solutions in the form of wound care, orthopedics, and compression therapy, accounting for 7% of net sales in fiscal 2021. Essity operates in 150 markets and generates over 50% of its revenue in Europe, although it also maintains significant exposure to emerging markets (38% of net sales in 2021).
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