What is Masimo Earnings Yield (Joel Greenblatt) %?
Masimo's Enterprise Value for the quarter that ended in Dec. 2023 was $7,001 Mil.
Masimo's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $138 Mil. Masimo's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 1.98%.
The historical rank and industry rank for Masimo's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MASI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.57 Med: 3.57 Max: 7.47
Current: 1.72
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Masimo was 7.47%. The lowest was 1.57%. And the median was 3.57%.
MASI's Earnings Yield (Joel Greenblatt) % is ranked better than 56.43% of 847
companies
in the Medical Devices & Instruments industry
Industry Median: 0.21
vs MASI: 1.72
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) %. Masimo's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 8.89%. 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.
Masimo Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Masimo'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 Masimo's Earnings Yield (Joel Greenblatt) %
For the Medical Devices subindustry, Masimo'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.
Masimo's Earnings Yield (Joel Greenblatt) % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Masimo's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Masimo'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.
Masimos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Masimo'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 $138 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.
Masimo Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Masimo's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Masimo Corp is a global technology company. The company's segment includes healthcare and non-healthcare. The healthcare business segment is a key revenue driver, develops, manufactures, and markets a variety of noninvasive patient monitoring technologies, hospital automation and connectivity solutions, remote monitoring devices and consumer health products. Its non-healthcare segment includes consumer audio business develops, manufactures, markets sells and licenses premium and luxury audio sound products and related integration technologies.
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