Big Lots's Enterprise Value for the quarter that ended in Oct. 2023 was $2,531 Mil.
Big Lots's EBIT for the trailing twelve months (TTM) ended in Oct. 2023 was $-372 Mil. Big Lots's Earnings Yield (Joel Greenblatt) for the quarter that ended in Oct. 2023 was -14.68%.
The historical rank and industry rank for Big Lots's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BIG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -23.08 Med: 10.39 Max: 40.72
Current: -14.86
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Big Lots was 40.72%. The lowest was -23.08%. And the median was 10.39%.
BIG's Earnings Yield (Joel Greenblatt) % is ranked worse than 95.28% of 318
companies
in the Retail - Defensive industry
Industry Median: 6.32
vs BIG: -14.86
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) %. Big Lots's Forward Rate of Return (Yacktman) % for the quarter that ended in Oct. 2023 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.
Big Lots Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Big Lots'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.
Big Lots Annual Data
Trend
Jan14
Jan15
Jan16
Jan17
Jan18
Jan19
Jan20
Jan21
Jan22
Jan23
Earnings Yield (Joel Greenblatt) %
12.56
13.11
25.91
8.16
-10.42
Big Lots Quarterly Data
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Earnings Yield (Joel Greenblatt) %
-6.67
-10.42
-20.79
-21.41
-14.68
Competitive Comparison
For the Discount Stores subindustry, Big Lots'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.
Big Lots Earnings Yield (Joel Greenblatt) % Distribution
For the Retail - Defensive industry and Consumer Defensive sector, Big Lots's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Big Lots's Earnings Yield (Joel Greenblatt) % falls into.
Big Lots 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.
Big Lotss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2023 is calculated as
Big Lots's EBIT for the trailing twelve months (TTM) ended in Oct. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-372 Mil.
Big Lots (NYSE:BIG) 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.
Big Lots Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Big Lots's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Big Lots Inc is principally engaged in operating discount retail stores. The company provides a broad range of merchandise, including food, consumables, soft home products, hard home products, furniture, electronics and accessories, and seasonal products. The company sources the merchandise from traditional and close-out channels. In addition to merchandise, the company sells gift cards, issues merchandise credits, and more. The company operates stores throughout the United States, with around one-third of its stores in California, Texas, Ohio, and Florida.
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