What is Caesars Entertainment Earnings Yield (Joel Greenblatt) %?
Caesars Entertainment's Enterprise Value for the quarter that ended in Dec. 2023 was $34,351 Mil.
Caesars Entertainment's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $2,294 Mil. Caesars Entertainment's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 6.68%.
The historical rank and industry rank for Caesars Entertainment's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CZR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.33 Med: 4.06 Max: 12.92
Current: 7.08
During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Caesars Entertainment was 12.92%. The lowest was -1.33%. And the median was 4.06%.
CZR's Earnings Yield (Joel Greenblatt) % is ranked better than 67.29% of 853
companies
in the Travel & Leisure industry
Industry Median: 4.21
vs CZR: 7.08
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) %. Caesars Entertainment's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
Caesars Entertainment Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Caesars Entertainment'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.
Caesars Entertainment Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Caesars Entertainment's Earnings Yield (Joel Greenblatt) %
For the Resorts & Casinos subindustry, Caesars Entertainment'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.
Caesars Entertainment's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Caesars Entertainment's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Caesars Entertainment's Earnings Yield (Joel Greenblatt) % falls into.
Caesars Entertainment 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.
Caesars Entertainments Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Caesars Entertainment'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 $2,294 Mil.
Caesars Entertainment (NAS:CZR) 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.
Caesars Entertainment Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Caesars Entertainment's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Caesars Entertainment (Caesars Entertainment) Business Description
Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (58% of 2022 EBITDAR before corporate and digital expenses) and regional (59%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced material EBITDA losses in 2022. Caesars' U.S. presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the U.S. portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.
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