What is Continental Building Products Earnings Yield (Joel Greenblatt) %?
Continental Building Products's Enterprise Value for the quarter that ended in Sep. 2019 was $1,083.8 Mil.
Continental Building Products's EBIT for the trailing twelve months (TTM) ended in Sep. 2019 was $88.0 Mil. Continental Building Products's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2019 was 8.12%.
The historical rank and industry rank for Continental Building Products's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CBPX's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Construction industry.
Industry Median: 6.43 * 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) %. Continental Building Products's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2019 was 22.30%. 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.
Continental Building Products 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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Continental Building Products Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Continental Building Products's Earnings Yield (Joel Greenblatt) %
For the Building Products & Equipment subindustry, Continental Building Products'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.
Continental Building Products's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Continental Building Products's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Continental Building Products's Earnings Yield (Joel Greenblatt) % falls into.
Continental Building Products 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.
Continental Building Productss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2018 is calculated as
Continental Building Products's EBIT for the trailing twelve months (TTM) ended in Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $88.0 Mil.
Continental Building Products (NYSE:CBPX) 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.
Continental Building Products Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Continental Building Products's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Continental Building Products (Continental Building Products) Business Description
Continental Building Products Inc manufactures gypsum wallboard and complementary finishing products for use in residential and commercial construction, as well as repair and remodeling markets. Brands include LiftLite, Mold Defense, and Weather Defense. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants. The company exclusively uses synthetic gypsum, which it purchases from power plants near its wallboard facilities, and has long-term take-or-pay agreements with its major suppliers. Continental operates primarily near major metropolitan areas in the eastern United States and eastern Canada.
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