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Apogee Enterprises's Enterprise Value for the quarter that ended in Feb. 2024 was $1,333 Mil. Apogee Enterprises's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was $136 Mil. Apogee Enterprises's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 10.20%.
The historical rank and industry rank for Apogee Enterprises's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Apogee Enterprises was 13.43%. The lowest was -2.11%. And the median was 7.01%.
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) %. Apogee Enterprises's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 was 19.99%. 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.
The historical data trend for Apogee Enterprises'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.
Apogee Enterprises Annual Data | |||||||||||||||||||||
Trend | Feb15 | Feb16 | Feb17 | Feb18 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | Feb24 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 8.39 | 2.37 | 1.42 | 10.26 | 10.20 |
Apogee Enterprises Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 10.26 | 12.47 | 10.85 | 12.72 | 10.20 |
For the Building Products & Equipment subindustry, Apogee Enterprises'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.
For the Construction industry and Industrials sector, Apogee Enterprises's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Apogee Enterprises'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.
Apogee Enterprisess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Feb. 2024 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | 135.922 | / | 1332.705853 | |
= | 10.20 % |
Apogee Enterprises's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $136 Mil.
Apogee Enterprises (NAS:APOG) 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.
Thank you for viewing the detailed overview of Apogee Enterprises's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Curtis John Dobler | officer: SVP & CHRO | 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Jane Marie Boyce | officer: President, Large Scale Optical | 4400 W 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Brent C Jewell | officer: Sr VP Business Dev & Strategy | 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Meghan Marie Elliott | officer: Vice Pres, Gen Counsel, Secy | C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Matthew J Osberg | officer: EVP and CFO | 1 HELEN OF TROY PLAZA, EL PASO TX 79912 |
Gary R Johnson | officer: Treasurer & Vice President | |
Mark Richard Augdahl | officer: VP, Finance & Corp Controller | 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Herbert K Parker | director | 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304 |
Troy R Johnson | officer: Pres, Architectural Services | C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Nicholas Charles Longman | officer: Pres, Architectural Glass | C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Ty R Silberhorn | director, officer: Chief Executive Officer & Pres | 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000 |
Bernard P Aldrich | director | 7725 WASHINGTON AVENUE SOUTH, MINNEAPOLIS MN 55439 |
Joseph F. Puishys | director, officer: Chief Executive Officer & Pres | 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Maureen Ann Hayes | officer: Chief Information Officer | 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
Nisheet Gupta | officer: EVP and CFO | C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435 |
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