What is Monarch Cement Co Earnings Yield (Joel Greenblatt) %?
Monarch Cement Co's Enterprise Value for the quarter that ended in Sep. 2023 was $538.22 Mil.
Monarch Cement Co's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $18.13 Mil. Monarch Cement Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 3.37%.
The historical rank and industry rank for Monarch Cement Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MCEM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.32 Med: 9.59 Max: 24.59
Current: 4.15
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Monarch Cement Co was 24.59%. The lowest was 2.32%. And the median was 9.59%.
MCEM's Earnings Yield (Joel Greenblatt) % is ranked worse than 60.93% of 389
companies
in the Building Materials industry
Industry Median: 5.72
vs MCEM: 4.15
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) %. Monarch Cement Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 was 18.43%. 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.
Monarch Cement Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Monarch Cement Co'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.
* Premium members only.
Monarch Cement Co Earnings Yield (Joel Greenblatt) % Chart
For the Building Materials subindustry, Monarch Cement Co'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.
Monarch Cement Co's Earnings Yield (Joel Greenblatt) % Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Monarch Cement Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Monarch Cement Co's Earnings Yield (Joel Greenblatt) % falls into.
Monarch Cement Co 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.
Monarch Cement Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2017 is calculated as
Monarch Cement Co's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $18.13 Mil.
Monarch Cement Co (OTCPK:MCEM) 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.
Monarch Cement Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Monarch Cement Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Monarch Cement Co (Monarch Cement Co) Business Description
Monarch Cement Co is principally engaged in the manufacture and sale of portland cement. The company's subsidiaries together are engaged in the ready-mixed concrete, concrete products, and sundry building materials business. Ready-mixed concrete is manufactured by combining aggregates with portland cement, water and chemical admixtures in batch plants. It is then loaded into mixer trucks and mixed in transit to the construction site where it is delivered to the contractor. The company groups its operations into two lines of business: Cement Business and Ready-Mixed Concrete Business, of which key revenue is derived from the Cement business segment.
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