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LCI Industries (LCI Industries) Earnings Yield (Joel Greenblatt) %

: 2.92% (As of Dec. 2023)
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LCI Industries's Enterprise Value for the quarter that ended in Dec. 2023 was $4,224 Mil. LCI Industries's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $123 Mil. LCI Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 2.92%.

The historical rank and industry rank for LCI Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

LCII' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.23   Med: 7.28   Max: 19.15
Current: 3.34

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of LCI Industries was 19.15%. The lowest was 2.23%. And the median was 7.28%.

LCII's Earnings Yield (Joel Greenblatt) % is ranked worse than
63.43% of 1307 companies
in the Vehicles & Parts industry
Industry Median: 5.74 vs LCII: 3.34

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) %. LCI Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 18.42%. 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.


LCI Industries Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for LCI Industries'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.

LCI Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.92 5.49 7.44 15.13 2.92

LCI Industries 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) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.13 7.40 3.19 2.39 2.92

Competitive Comparison

For the Recreational Vehicles subindustry, LCI Industries'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.


LCI Industries Earnings Yield (Joel Greenblatt) % Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, LCI Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where LCI Industries's Earnings Yield (Joel Greenblatt) % falls into.



LCI Industries 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.

LCI Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=123.428/4223.94646
=2.92 %

LCI Industries'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 $123 Mil.



LCI Industries  (NYSE:LCII) 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.


LCI Industries Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of LCI Industries's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


LCI Industries (LCI Industries) Business Description

Traded in Other Exchanges
Address
3501 County Road 6 East, Elkhart, IN, USA, 46514
LCI Industries Inc supplies domestically and internationally components for the original equipment manufacturers of recreational vehicles and adjacent industries including buses; trailers used to haul boats, livestock, equipment and other cargo. It has two reportable segments the original equipment manufacturers segment and the aftermarket segment. The OEM Segment manufactures or distributes components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; trucks; pontoon boats; trains; manufactured homes; and modular housing. Its products are sold primarily to major manufacturers of RVs such as Thor Industries, Forest River, Winnebago and other RV OEMs, and to manufacturers in adjacent industries.
Executives
Brendan Deely director USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606
Linda Kristine Myers director 3556 LAKE SHORE ROAD, P.O. BOX 2028, BUFFALO NY 14219
Stephanie K. Mains director C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Lillian Etzkorn officer: EVP & CFO 1570 FOREST LANE, BLOOMFIELD HILLS MI 48301
Eileen S Pruitt officer: Deputy CHRO C/O LCI INDUSTRIES, 3501 COUNTRY ROAD 6 EAST, ELKHART IN 46514
Nick C Fletcher officer: CHIEF HUMAN RESOURCES OFFICER 3305 HIDDEN SPRINGS LANE, PROSPECT KY 40059
James Gero director C/O ORTHOFIX INTERNATIONAL, 3451 PLANO PARKWAY, LEWISVILLE TX 75056
Kieran M O'sullivan director 2375 CABOT DRIVE, LISLE IL 60532
Jamie Schnur officer: Chief Administrative Officer C/O LIPPERT COMPONENTS, 2703 COLLEGE AVENUE, GOSHEN IN 46526
Jason Lippert director, officer: Chief Executive Officer C/O LIPPERT COMPONENTS INC, 2375 TAMIAMI TRAIL NORTH STE 11, NAPLES FL 34103
Ryan Richard Smith officer: Group President - N.A. C/O LCI INDUSTRIES, 3501 COUNTY ROAD 6 EAST, ELKHART IN 46514
David A Reed director TEXAS INDUSTRIES INC, 1341 W MOCKINGBIRD LN, DALLAS TX 75247
Ronald Fenech director 419 WEST PIKE STREET, JACKSON CENTER OH 45334
John A. Sirpilla director C/O LCI INDUSTRIES, 3501, ELKHART IN 46514
Scott T Mereness officer: President C/O LIPPERT COMPONENTS, INC., 2766 COLLEGE AVENUE, GOSHEN IN 46528

LCI Industries (LCI Industries) Headlines