CNH Industrial NV's Enterprise Value for the quarter that ended in Dec. 2023 was $39,148 Mil.
CNH Industrial NV's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $4,048 Mil. CNH Industrial NV's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 10.34%.
The historical rank and industry rank for CNH Industrial NV's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CNHI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.33 Med: 6.6 Max: 11.27
Current: 10.46
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of CNH Industrial NV was 11.27%. The lowest was 0.33%. And the median was 6.60%.
CNHI's Earnings Yield (Joel Greenblatt) % is ranked better than 67.14% of 210
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 6.98
vs CNHI: 10.46
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) %. CNH Industrial NV's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 17.41%. 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.
CNH Industrial NV Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for CNH Industrial NV'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.
CNH Industrial NV Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Earnings Yield (Joel Greenblatt) %
5.89
1.46
6.38
8.45
10.34
CNH Industrial NV Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Earnings Yield (Joel Greenblatt) %
8.45
9.00
9.57
10.49
10.34
Competitive Comparison
For the Farm & Heavy Construction Machinery subindustry, CNH Industrial NV'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.
CNH Industrial NV Earnings Yield (Joel Greenblatt) % Distribution
For the Farm & Heavy Construction Machinery industry and Industrials sector, CNH Industrial NV's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CNH Industrial NV'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.
CNH Industrial NVs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
CNH Industrial NV'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 $4,048 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.
CNH Industrial NV Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of CNH Industrial NV's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
CNH Industrial NV (CNH Industrial NV) Business Description
CNH Industrial is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. One of its most recognizable brands, Case IH, has served farmers for generations. The company's products are available through a robust dealer network, which includes over 3,600 dealer and distribution locations globally. CNH's finance arm provides retail financing for equipment to its customers in addition to wholesale financing for dealers, which increases the likelihood of product sales.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CNHI has been successfully added to your 