What is Bridgford Foods Earnings Yield (Joel Greenblatt) %?
Bridgford Foods's Enterprise Value for the quarter that ended in Jan. 2024 was $92.4 Mil.
Bridgford Foods's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $3.4 Mil. Bridgford Foods's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 3.64%.
The historical rank and industry rank for Bridgford Foods's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BRID'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.25 Med: 3.73 Max: 66.34
Current: 3.73
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Bridgford Foods was 66.34%. The lowest was -7.25%. And the median was 3.73%.
BRID's Earnings Yield (Joel Greenblatt) % is ranked worse than 58.71% of 1945
companies
in the Consumer Packaged Goods industry
Industry Median: 5
vs BRID: 3.73
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) %. Bridgford Foods's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 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.
Bridgford Foods Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Bridgford Foods'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.
Competitive Comparison of Bridgford Foods's Earnings Yield (Joel Greenblatt) %
For the Packaged Foods subindustry, Bridgford Foods'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.
Bridgford Foods's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Bridgford Foods's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bridgford Foods'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.
Bridgford Foodss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Oct. 2023 is calculated as
Bridgford Foods's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.4 Mil.
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.
Bridgford Foods Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Bridgford Foods's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bridgford Foods (Bridgford Foods) Business Description
Bridgford Foods Corp manufactures, markets, and distributes frozen and snack food products in the United States. The business segments are processing and distribution of frozen products, and processing and distribution of snack food products. It includes products such as biscuits, bread dough items, roll dough items, dry sausage products, and beef jerky. The company offers frozen food products to the foodservice and retail customers through wholesalers, cooperatives, and distributors; and snack food items to supermarkets, and mass merchandise and convenience retail stores through customer-owned distribution centers, as well as a direct store delivery network. It derives a majority of its revenue from snack food products.
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