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Diamondrock Hospitality Co's Enterprise Value for the quarter that ended in Dec. 2023 was $3,144 Mil. Diamondrock Hospitality Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $152 Mil. Diamondrock Hospitality Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 4.84%.
The historical rank and industry rank for Diamondrock Hospitality Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Diamondrock Hospitality Co was 13.66%. The lowest was -16.30%. And the median was 4.55%.
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) %. Diamondrock Hospitality Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
The historical data trend for Diamondrock Hospitality Co'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.
Diamondrock Hospitality Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 7.66 | -13.25 | -4.89 | 5.15 | 4.84 |
Diamondrock Hospitality Co 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) % | Get a 7-Day Free Trial | 5.15 | 5.27 | 4.98 | 5.04 | 4.84 |
For the REIT - Hotel & Motel subindustry, Diamondrock Hospitality Co'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.
For the REITs industry and Real Estate sector, Diamondrock Hospitality Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Diamondrock Hospitality Co'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.
Diamondrock Hospitality Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | 152.024 | / | 3143.62953 | |
= | 4.84 % |
Diamondrock Hospitality Co'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 $152 Mil.
Diamondrock Hospitality Co (NYSE:DRH) 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.
Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.
Thank you for viewing the detailed overview of Diamondrock Hospitality Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark W Brugger | officer: Chief Financial Officer | C/O DIAMONDROCK HOSPITALITY COMPANY, 10400 FERNWOOD ROAD, SUITE 3000, BETHESDA MD 20817 |
Justin L. Leonard | officer: EVP & Chief Operating Officer | C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814 |
William J Tennis | officer: EVP and General Counsel | DIAMONDROCK HOSPITALITY COMPANY, 6903 ROCKLEDGE DRIVE, SUITE 800, BETHESDA MD 20817 |
Tabassum Zalotrawala | director | 610 NEWPORT CENTER DRIVE, SUITE 1300, NEWPORT BEACH CA 92660 |
Briony R. Quinn | officer: Chief Accounting Officer | DIAMONDROCK HOSPITALITY COMPANY, 3 BETHESDA METRO CENTER, SUITE 1500, BETHESDA MD 20814 |
Troy Furbay | officer: Chief Investment Officer | DIAMONDROCK HOSPITALITY COMPANY, 3 BETHESDA METGRO CENTER, SUITE 1500, BETHESDA MD 20814 |
Michael A. Hartmeier | director | C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814 |
Jeffrey Donnelly | officer: EVP & Chief Financial Officer | C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814 |
Maureen L Mcavey | director | C/O DIAMONDROCK HOSPITALITY COMPANY, 10400 FERNWOOD ROAD, SUITE 300, BETHESDA MD 20817 |
Kathleen Wayton | director | C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814 |
Gilbert T Ray | director | 901 N GLEBE ROAD, ARLINGTON VA 22203 |
Jay Lecoryelle Johnson | officer: EVP & Chief Financial Officer | C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814 |
Thomas G. Healy | officer: EVP & Chief Operating Officer | DIAMONDROCK HOSPITALITY COMPANY, 3 BETHESDA METRO CENTER, SUITE 1500, BETHESDA MD 20814 |
Sean M Mahoney | officer: CAO and Corporate Controller | 3 BETHESDA METRO CTR #1000, BETHESDA MD 20814 |
William Joseph Shaw | director | 6649 WESTWOOD BLVD., ORLANDO FL 32821 |
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