What is Educational Development Earnings Yield (Joel Greenblatt) %?
Educational Development's Enterprise Value for the quarter that ended in Nov. 2023 was $38.02 Mil.
Educational Development's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 was $3.20 Mil. Educational Development's Earnings Yield (Joel Greenblatt) for the quarter that ended in Nov. 2023 was 8.41%.
The historical rank and industry rank for Educational Development's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
EDUC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.41 Med: 8.59 Max: 19.19
Current: 6.45
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Educational Development was 19.19%. The lowest was -4.41%. And the median was 8.59%.
EDUC's Earnings Yield (Joel Greenblatt) % is ranked better than 65.71% of 1050
companies
in the Media - Diversified industry
Industry Median: 2.86
vs EDUC: 6.45
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) %. Educational Development's Forward Rate of Return (Yacktman) % for the quarter that ended in Nov. 2023 was -32.86%. 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.
Educational Development Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Educational Development'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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Educational Development Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Educational Development's Earnings Yield (Joel Greenblatt) %
For the Publishing subindustry, Educational Development'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.
Educational Development's Earnings Yield (Joel Greenblatt) % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Educational Development's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Educational Development's Earnings Yield (Joel Greenblatt) % falls into.
Educational Development 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.
Educational Developments Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Feb. 2023 is calculated as
Educational Development's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.20 Mil.
Educational Development (NAS:EDUC) 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.
Educational Development Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Educational Development's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Educational Development (Educational Development) Business Description
Educational Development Corp is the United States trade publisher of the line of educational children's books produced in the United Kingdom. Its business activity functions with two reportable segments: Direct Sales Division segment and Publishing Division segment. The Publishing Division segment markets its products to retail accounts, which include the book, school supplies, toy and gift stores and museums, through commissioned sales representatives, trade and specialty wholesalers and an internal telesales group. The Direct Sales Division segment sells their books and products through independent brand partners direct to the customer. It derives a majority of revenue from the Direct sales division segment.
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