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Greenhill (Greenhill) Earnings Yield (Joel Greenblatt) % : -1.68% (As of Sep. 2023)


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What is Greenhill Earnings Yield (Joel Greenblatt) %?

Greenhill's Enterprise Value for the quarter that ended in Sep. 2023 was $607.1 Mil. Greenhill's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $-10.2 Mil. Greenhill's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was -1.68%.

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

GHL' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.68   Med: 6.31   Max: 16.72
Current: -1.67

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Greenhill was 16.72%. The lowest was -1.68%. And the median was 6.31%.

GHL's Earnings Yield (Joel Greenblatt) % is not ranked
in the Capital Markets industry.
Industry Median: 2.48 vs GHL: -1.67

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) %. Greenhill's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.


Greenhill Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Greenhill'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.

Greenhill Earnings Yield (Joel Greenblatt) % Chart

Greenhill Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.17 7.66 10.20 12.80 4.45

Greenhill Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial 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 7.18 4.45 1.92 7.41 -1.68

Competitive Comparison of Greenhill's Earnings Yield (Joel Greenblatt) %

For the Capital Markets subindustry, Greenhill'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.


Greenhill's Earnings Yield (Joel Greenblatt) % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Greenhill's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Greenhill 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.

Greenhills Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=20.57/462.001175
=4.45 %

Greenhill's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-10.2 Mil.



Greenhill  (NYSE:GHL) 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.


Greenhill Earnings Yield (Joel Greenblatt) % Related Terms

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


Greenhill (Greenhill) Business Description

Traded in Other Exchanges
N/A
Address
1271 Avenue of the Americas, New York, NY, USA, 10020
Greenhill & Co Inc is an independent investment bank that provides financial and strategic advice on significant domestic and cross-border mergers and acquisitions, divestitures, restructurings, financings, capital raising, and other transactions to a diverse client base, including corporations, partnerships, institutions, and governments globally. The company derives revenues from both corporate advisory services related to mergers and acquisitions, financings and restructurings and capital advisory services related to sales or capital raises pertaining to alternative assets.
Executives
Mark Lasky officer: Chief Financial Officer C/O GREENHILL & CO., INC., 1271 AVENUE OF THE AMERICAS, 21ST FLOOR, NEW YORK NY 10020
Rodriguez Harold J Jr officer: Mg Dir-Fin, Regn. & Ops.
Scott L Bok director, officer: Chief Executive Officer
Kevin Ferro director C/O KOS PHARMACEUTICALS, INC., 1001 BRICKELL BAY DRIVE, 25TH FLOOR, MIAMI FL 33131
David Wyles officer: Managing Director GREENHILL & CO. INC., 300 PARK AVENUE, NEW YORK NY 10022-7405
Kevin M Costantino officer: President GREENHILL & CO., 300 PARK AVENUE, NEW YORK NY 10022
Gitanjali Pinto Faleiro officer: General Counsel C/O GREENHILL & CO., INC., 300 PARK AVENUE, NEW YORK NY 10022
Meryl D Hartzband director C/O THE NAVIGATORS GROUP, INC., 400 ATLANTIC STREET, 8TH FLOOR, STAMFORD CT 06901
Robert F Greenhill director, officer: Chairman and CEO
Patricia Moran officer: Chief Legal Officer GREENHILL & CO., 300 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10022
Karen P Robards director 800 SCUDDERS MILL RD, PLAINSBORO NJ 08536
Gavin Dean Solotar officer: General Counsel GREENHILL & CO., 300 PARK AVENUE, NEW YORK NY 10022
Christopher Thomas Grubb officer: Chief Financial Officer 300 PARK AVENUE, 23RD FLOOR, NEW YORK NY 10022
John C Danforth director CERNER CORP, 2800 ROCKCREEK PARKWAY, KANSAS CITY MO 64117-2551
Ulrika Ekman officer: General Counsel GREENHILL & CO., INC., 300 PARK AVENUE, NEW YORK NY 10022

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