What is MDU Resources Group Earnings Yield (Joel Greenblatt) %?
MDU Resources Group's Enterprise Value for the quarter that ended in Dec. 2023 was $6,452 Mil.
MDU Resources Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $611 Mil. MDU Resources Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 10.14%.
The historical rank and industry rank for MDU Resources Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MDU'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.07 Med: 7.44 Max: 10.31
Current: 8.17
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of MDU Resources Group was 10.31%. The lowest was 1.07%. And the median was 7.44%.
MDU's Earnings Yield (Joel Greenblatt) % is ranked better than 55.81% of 534
companies
in the Conglomerates industry
Industry Median: 6.805
vs MDU: 8.17
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) %. MDU Resources Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -3.71%. 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.
MDU Resources Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for MDU Resources Group'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.
MDU Resources Group Earnings Yield (Joel Greenblatt) % Chart
For the Conglomerates subindustry, MDU Resources Group'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.
MDU Resources Group's Earnings Yield (Joel Greenblatt) % Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, MDU Resources Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MDU Resources Group's Earnings Yield (Joel Greenblatt) % falls into.
MDU Resources Group 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.
MDU Resources Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
MDU Resources Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $611 Mil.
MDU Resources Group (NYSE:MDU) 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.
MDU Resources Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of MDU Resources Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
MDU Resources Group (MDU Resources Group) Business Description
MDU Resources Group Inc operates in five business segments, which includes: Electric segment, which generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming; The natural gas distribution segment distributes natural gas in those states, as well as in Idaho, Minnesota, Oregon and Washington; The pipeline segment provides natural gas transportation and underground storage services through a regulated pipeline system primarily in the Rocky Mountain and northern Great Plains regions of the United States; The construction materials and contracting segment mines, processes and sells construction aggregates (crushed stone, sand, and gravel); produces and sells asphalt mix, and supplies ready-mixed concrete; and The construction services segment.
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