What is Silvercrest Asset Management Group Earnings Yield (Joel Greenblatt) %?
Silvercrest Asset Management Group's Enterprise Value for the quarter that ended in Dec. 2023 was $159.2 Mil.
Silvercrest Asset Management Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $19.9 Mil. Silvercrest Asset Management Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 12.50%.
The historical rank and industry rank for Silvercrest Asset Management Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SAMG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.19 Med: 17.02 Max: 39.12
Current: 20.12
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Silvercrest Asset Management Group was 39.12%. The lowest was 8.19%. And the median was 17.02%.
SAMG's Earnings Yield (Joel Greenblatt) % is ranked better than 93.59% of 1716
companies
in the Asset Management industry
Industry Median: 0
vs SAMG: 20.12
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) %. Silvercrest Asset Management Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 20.93%. 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.
Silvercrest Asset Management Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Silvercrest Asset Management 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.
Silvercrest Asset Management Group Earnings Yield (Joel Greenblatt) % Chart
For the Asset Management subindustry, Silvercrest Asset Management 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.
Silvercrest Asset Management Group's Earnings Yield (Joel Greenblatt) % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Silvercrest Asset Management Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Silvercrest Asset Management Group's Earnings Yield (Joel Greenblatt) % falls into.
Silvercrest Asset Management 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.
Silvercrest Asset Management Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Silvercrest Asset Management Group'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 $19.9 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.
Silvercrest Asset Management Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Silvercrest Asset Management Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Silvercrest Asset Management Group (Silvercrest Asset Management Group) Business Description
Silvercrest Asset Management Group Inc is a wealth management firm focused on providing financial advisory and related family office services to ultra-high net-worth individuals and institutional investors. It advises clients on traditional investment strategies focused on equities, fixed income and cash as well as non-traditional investment strategies including hedge funds, private equity funds, real estate and commodities. It also provides clients with family office services and related administrative services, which include financial planning, tax planning and preparation, partnership accounting and fund administration, and consolidated wealth reporting. The company derives revenues principally from assets under management.
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