What is National Security Group Earnings Yield (Joel Greenblatt) %?
National Security Group's Enterprise Value for the quarter that ended in Mar. 2022 was $40.84 Mil.
National Security Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 was $1.68 Mil. National Security Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2022 was 4.10%.
The historical rank and industry rank for National Security Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSEC's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Insurance industry.
Industry Median: 5.635 * 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) %. National Security Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2022 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.
National Security Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for National Security 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.
National Security Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of National Security Group's Earnings Yield (Joel Greenblatt) %
For the Insurance - Property & Casualty subindustry, National Security 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.
National Security Group's Earnings Yield (Joel Greenblatt) % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, National Security Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where National Security Group's Earnings Yield (Joel Greenblatt) % falls into.
National Security 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.
National Security Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as
National Security Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.68 Mil.
National Security Group (NAS:NSEC) 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.
National Security Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of National Security Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
National Security Group (National Security Group) Business Description
National Security Group Inc is an insurance holding company. The company operates through two segments namely Property and casualty insurance, and Life insurance. Its Property and casualty segment primarily write personal lines dwelling coverage including dwelling fire and windstorm, homeowners and mobile homeowners lines of insurance and the company's Life insurance segment offers a basic line of life and health and accident insurance products in around seven states. Geographically, it operates in the region of the United States and derives most of the revenue from the Property and casualty insurance segment.
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