The historical rank and industry rank for Northern Technologies International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NTIC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.03 Med: 6.45 Max: 21.62
Current: 4.94
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Northern Technologies International was 21.62%. The lowest was -1.03%. And the median was 6.45%.
NTIC's Earnings Yield (Joel Greenblatt) % is ranked better than 56.67% of 1574
companies
in the Chemicals industry
Industry Median: 4.295
vs NTIC: 4.94
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) %. Northern Technologies International's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 was -5.28%. 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.
Northern Technologies International Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
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Northern Technologies International Earnings Yield (Joel Greenblatt) % Chart
For the Specialty Chemicals subindustry, Northern Technologies International'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.
Northern Technologies International's Earnings Yield (Joel Greenblatt) % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Northern Technologies International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Northern Technologies International's Earnings Yield (Joel Greenblatt) % falls into.
Northern Technologies International 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.
Northern Technologies International's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.05 Mil.
Northern Technologies International (NAS:NTIC) 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.
Northern Technologies International Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Northern Technologies International's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Northern Technologies International (Northern Technologies International) Business Description
Northern Technologies International Corp, or NTIC is a United States-based firm that develops and markets environmentally beneficial products and services world-wide either directly or through a network of joint ventures, distributors, and agents. It operates through two segments which include ZERUST products and services and Nature-Tec products. Its main business is providing corrosion prevention solutions that are marketed under the ZERUST brand. The company also sells a portfolio of bio-based and biodegradable (compostable) polymer resin compounds and finished products marketed under the Nature-Tec brand. The ZERUST brand generates a vast majority of the revenue for the company.
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