What is Artisan Partners Asset Management Earnings Yield (Joel Greenblatt) %?
Artisan Partners Asset Management's Enterprise Value for the quarter that ended in Dec. 2023 was $3,442.5 Mil.
Artisan Partners Asset Management's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $392.3 Mil. Artisan Partners Asset Management's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 11.39%.
The historical rank and industry rank for Artisan Partners Asset Management's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
APAM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -52.93 Med: 18.85 Max: 61.7
Current: 12.53
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Artisan Partners Asset Management was 61.70%. The lowest was -52.93%. And the median was 18.85%.
APAM's Earnings Yield (Joel Greenblatt) % is ranked better than 90.15% of 1716
companies
in the Asset Management industry
Industry Median: 0
vs APAM: 12.53
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) %. Artisan Partners Asset Management's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 12.62%. 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.
The historical data trend for Artisan Partners Asset Management'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.
For the Asset Management subindustry, Artisan Partners Asset Management'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.
Artisan Partners Asset Management's Earnings Yield (Joel Greenblatt) % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Artisan Partners Asset Management's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Artisan Partners Asset Management'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.
Artisan Partners Asset Managements Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Artisan Partners Asset Management'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 $392.3 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.
Thank you for viewing the detailed overview of Artisan Partners Asset Management's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Artisan Partners Asset Management (Artisan Partners Asset Management) Business Description
Artisan Partners Asset Management Inc is a global investment management firm providing a range of investment strategies to a diverse group of clients around the world. Each of the company's strategies is managed by one of its several investment teams. Investment management services are primarily offered to institutions through separate accounts and mutual funds. Artisan's investment offerings include several long-only, equity investment strategies across a multitude of market capitalization segments and investing styles in both the United States and international markets. In addition to its equity strategies, customers may invest in a fixed-income strategy. Strategies are often distributed to customers ranging from retail investors to institutional investors through specialized channels.
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