Golden Enterprises (Golden Enterprises) Earnings Yield (Joel Greenblatt) % : 7.60% (As of May. 2016)

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What is Golden Enterprises Earnings Yield (Joel Greenblatt) %?

Golden Enterprises's Enterprise Value for the quarter that ended in May. 2016 was $66.2 Mil. Golden Enterprises's EBIT for the trailing twelve months (TTM) ended in May. 2016 was $5.0 Mil. Golden Enterprises's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2016 was 7.60%.

The historical rank and industry rank for Golden Enterprises's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

GLDC's Earnings Yield (Joel Greenblatt) % is not ranked ^*
in the Consumer Packaged Goods industry.
Industry Median: 4.87
* Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.

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) %. Golden Enterprises's Forward Rate of Return (Yacktman) % for the quarter that ended in May. 2016 was 2.48%. 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.

Golden Enterprises Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Golden 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.

* Premium members only.

Golden Enterprises Earnings Yield (Joel Greenblatt) % Chart

Golden Enterprises Annual Data

Trend

May07

May08

May09

May10

May11

May12

May13

May14

May15

May16

Earnings Yield (Joel Greenblatt) %

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9.50

5.15

3.17

6.35

7.60

Golden Enterprises Quarterly Data
	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															6.35	7.20	8.08	8.41	7.60

Competitive Comparison of Golden Enterprises's Earnings Yield (Joel Greenblatt) %

For the Packaged Foods subindustry, Golden 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.

Golden Enterprises's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Golden Enterprises's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Golden Enterprises's Earnings Yield (Joel Greenblatt) % falls into.

Golden Enterprises 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.

Golden Enterprisess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in May. 2016 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	5.03	/	66.168146
	=	7.60 %

Golden Enterprises's EBIT for the trailing twelve months (TTM) ended in May. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.0 Mil.

Golden Enterprises (NAS:GLDC) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Golden Enterprises Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Golden Enterprises's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.

Golden Enterprises (Golden Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Golden Enterprises Inc (NAS:GLDC) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.goldenflake.com

Golden Enterprises Inc was originally organized under the laws of the State of Alabama as Magic City Food Products, Inc. on June 11, 1946. On March 11, 1958, it adopted the name Golden Flake, Inc. The Company was reorganized December 31, 1967 as a Delaware corporation without changing any of its assets, liabilities, or business. The Company produces, markets, and distributes snack products in the Southeastern United States since 1923. The Company manufactures and distributes a salted snack items, such as potato chips, tortilla chips, corn chips, fried pork skins, baked and fried cheese curls, onion rings, and puff corn. It also sells canned dips, pretzels, peanut butter crackers, cheese crackers, dried meat products, and nuts packaged by other manufacturers using the Golden Flake label. The Company purchases raw materials used in manufacturing and processing its snack food products from various sources. The Company also purchases flexible bags or other suitable wrapping material for the storage, shipment, and presentation of the finished product to its customers. It sells its products through its own sales organization and independent distributors to commercial establishments, which sell food products in Alabama, Tennessee, Georgia, Mississippi, Louisiana, Kentucky, and South Carolina as well as parts of Florida, North Carolina, Arkansas, Missouri, Oklahoma, Virginia, Indiana, and Texas. The products are distributed to its customers by either company transportation or commercial carrier out of the Birmingham and Ocala plants. The Company owns central branch warehouses in Birmingham, Montgomery, Midfield, Demopolis, Fort Payne, Muscle Shoals, Huntsville, Phoenix City, Tuscaloosa, Mobile, Dothan, and Oxford, Alabama; Gulfport and Jackson, Mississippi; Knoxville and Memphis, Tennessee; Decatur and Macon, Georgia; Panama City, Tallahassee, and Pensacola, Florida; and New Orleans, Louisiana. It competes with companies, which are engaged in the production and distribution of food products similar to those produced and sold by the Golden Enterprises, Inc. The name "Golden Flake" and its regularly used symbol are federally registered trademarks of the Company. The Company also owns other trademarks such as "The South's Original Potato Chip", a Golden Flake design from 1922, the name "Sweetheat" and certain other trademarks not used on a regular basis.

Golden Enterprises (Golden Enterprises) Headlines

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