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Citrix Systems's Enterprise Value for the quarter that ended in Jun. 2022 was $14,919 Mil. Citrix Systems's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $328 Mil. Citrix Systems's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 2.20%.
The historical rank and industry rank for Citrix Systems's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
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) %. Citrix Systems's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 4.34%. 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 Citrix Systems'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.
Citrix Systems Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 4.62 | 5.01 | 3.76 | 3.65 | 1.75 |
Citrix Systems Quarterly Data | ||||||||||||||||||||
Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 2.63 | 2.53 | 1.75 | 1.61 | 2.20 |
For the Software - Application subindustry, Citrix Systems'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 Software industry and Technology sector, Citrix Systems's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Citrix Systems'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.
Citrix Systemss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | 258.94 | / | 14775.76399 | |
= | 1.75 % |
Citrix Systems's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $328 Mil.
Citrix Systems (NAS:CTXS) 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 Citrix Systems's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jason Alexander Smith | officer: EVP & Chief Financial Officer | C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Michael Arenth | officer: EVP, SaaS Strategy | C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
David J Henshall | officer: Senior Vice President and CFO | 18880 HOMESTEAD ROAD, CUPERTINO CA 95014 |
Sridhar Mullapudi | officer: EVP, Product Management | C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Arlen Shenkman | officer: EVP & CFO | C/O CITRIX SYSTEMS, INC., 851 WEST CYRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Mark J Ferrer | officer: EVP, Chief Revenue Officer | 45025 AVIATION DR, STE 300, DULLES VA 20166 |
Mark J. Schmitz | officer: EVP & Chief Operating Officer | C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Timothy A. Minahan | officer: CMO | 13960 HAYSTACK LANE, MILTON GA 30004 |
Hector Lima | officer: EVP, Customer Experience | C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Antonio G. Gomes | officer: SVP & General Counsel | 345 HARVARD STREET, UNIT 2AB, CAMBRIDGE MA 02138 |
Paul J. Hough | officer: SVP & Chief Product Officer | 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309 |
Jessica Soisson | officer: VP & Corporate Controller | 9836 EQUUS CIRCLE, BOYNTON BEACH FL 33472 |
W. Joseph Kim | officer: EVP & Chief Technology Officer | 7171, AUSTIN TX 78735-6140 |
Donna Nappen Kimmel | officer: SVP & Chief People Officer | 529 PLEASANT STREET, MS B-7, ATTLEBORO MA 02703 |
Knowling Robert E Jr | director | C/O HEWLETT-PACKARD CO, 3000 HANOVER STREET, PALO ALTO CA 94304 |
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