What is DXP Enterprises Earnings Yield (Joel Greenblatt) %?
DXP Enterprises's Enterprise Value for the quarter that ended in Dec. 2023 was $948 Mil.
DXP Enterprises's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $140 Mil. DXP Enterprises's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 14.77%.
The historical rank and industry rank for DXP Enterprises's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
DXPE'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -15.9 Med: 5.68 Max: 14.96
Current: 11.27
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of DXP Enterprises was 14.96%. The lowest was -15.90%. And the median was 5.68%.
DXPE's Earnings Yield (Joel Greenblatt) % is ranked better than 56.46% of 147
companies
in the Industrial Distribution industry
Industry Median: 10.4
vs DXPE: 11.27
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) %. DXP Enterprises'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.
DXP Enterprises Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for DXP Enterprises'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.
Competitive Comparison of DXP Enterprises's Earnings Yield (Joel Greenblatt) %
For the Industrial Distribution subindustry, DXP Enterprises'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.
DXP Enterprises's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, DXP Enterprises's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where DXP Enterprises'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.
DXP Enterprisess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
DXP Enterprises'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 $140 Mil.
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.
DXP Enterprises Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of DXP Enterprises's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
DXP Enterprises (DXP Enterprises) Business Description
DXP Enterprises Inc is a distributor of products and services to industrial customers in the United States, Canada, Mexico, and Dubai. The company's reportable segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. It generates maximum revenue from the Service Centers segment. The company offers pumping solutions, supply chain services and maintenance, repair, operating and production services for rotating equipment, bearings and power transmissions, industrial supplies and safety products. DXP Enterprises serves the oil and gas, general manufacturing, chemical, reseller, transportation, fabrication and construction, food and beverage, aerospace mining, agriculture, power, and refining industries.
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