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The Kroger Co (The Kroger Co) Earnings Yield (Joel Greenblatt) % : 6.64% (As of Jan. 2024)


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What is The Kroger Co Earnings Yield (Joel Greenblatt) %?

The Kroger Co's Enterprise Value for the quarter that ended in Jan. 2024 was $49,356 Mil. The Kroger Co's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $3,276 Mil. The Kroger Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 6.64%.

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

KR' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.26   Med: 7.53   Max: 15.18
Current: 5.82

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of The Kroger Co was 15.18%. The lowest was 3.26%. And the median was 7.53%.

KR's Earnings Yield (Joel Greenblatt) % is ranked worse than
52.98% of 319 companies
in the Retail - Defensive industry
Industry Median: 6.24 vs KR: 5.82

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) %. The Kroger Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 was 12.79%. 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 Kroger Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for The Kroger 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.

* Premium members only.

The Kroger Co Earnings Yield (Joel Greenblatt) % Chart

The Kroger Co Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.35 8.91 5.33 6.85 6.64

The Kroger Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 6.85 7.46 5.22 6.01 6.64

Competitive Comparison of The Kroger Co's Earnings Yield (Joel Greenblatt) %

For the Grocery Stores subindustry, The Kroger 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.


The Kroger Co's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, The Kroger Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



The Kroger Co 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.

The Kroger Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=3277/49355.8
=6.64 %

The Kroger Co's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,276 Mil.



The Kroger Co  (NYSE:KR) 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.


The Kroger Co Earnings Yield (Joel Greenblatt) % Related Terms

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


The Kroger Co (The Kroger Co) Business Description

Industry
Address
1014 Vine Street, Cincinnati, OH, USA, 45202
Kroger is the leading U.S. grocer, with 2,719 supermarkets operating under several banners throughout the country at the end of fiscal 2022. Around 83% of stores have pharmacies, while nearly 60% also sell fuel. The company also operates roughly 120 fine jewelry stores. Kroger features a leading private-label offering and manufactures around 30% of its own-brand units (and more than 40% of its grocery own-label assortment) itself in 33 food production plants nationwide. Kroger is a top-two grocer in most of its major markets (as of early 2021, according to company data). Virtually all of Kroger's sales come from the United States. Kroger has offered to acquire Albertsons in a $25 billion deal; if the transaction is approved by regulators, it should close in 2024.
Executives
Carin L Fike officer: Vice President and Treasurer 1014 VINE STREET, CINCINNATI OH 45202
Timothy A Massa officer: Group Vice President 1014 VINE STREET, CINCINNATI OH 45202
Christine S Wheatley officer: Group Vice President 1014 VINE STREET, CINCINNATI OH 45202
Kenneth C Kimball officer: Senior Vice President C/O THE KROGER CO., 1014 VINE STREET, CINCINNATI OH 45202
Stuart Aitken officer: Group Vice President C/O JOURNAL MEDIA GROUP, INC., 333 WEST STATE STREET, MILWAUKEE WI 53203
Yael Cosset officer: Group Vice President 1014 VINE STREET, CINCINNATI OH 45202
Gary Millerchip officer: Senior Vice President and CFO 1014 VINE STREET, CINCINNATI OH 45202
Todd A Foley officer: Vice President and Treasurer 1014 VINE STREET, CINCINNATI OH 45202
Valerie L. Jabbar officer: Senior Vice President THE KROGER CO., 1014 VINE STREET, CINCINNATI OH 45202
Mary Ellen Adcock officer: Group Vice President 1014 VINE STREET, CINCINNATI OH 45202
Calvin J Kaufman officer: Group Vice President THE KROGER CO., 1014 VINE STREET, CINCINNATI OH 45202
Mark C Tuffin officer: Senior Vice President THE KROGER CO., 1014 VINE STREET, CINCINNATI OH 45202
Elaine L. Chao director C/O DOLE FOOD COMPANY, INC., ONE DOLE DRIVE, WESTLAKE VILLAGE CA 91362
Michael Joseph Donnelly officer: Senior Vice President
Susan J Kropf director C/O AVON PRODUCTS INC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105-0196

The Kroger Co (The Kroger Co) Headlines

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