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PepsiCo (PepsiCo) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Mar. 2024)


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PepsiCo's Enterprise Value for the quarter that ended in Mar. 2024 was $279,175 Mil. PepsiCo's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $12,321 Mil. PepsiCo's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 0.00%.

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

PEP' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.9   Med: 5.08   Max: 6.95
Current: 4.53

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of PepsiCo was 6.95%. The lowest was 2.90%. And the median was 5.08%.

PEP's Earnings Yield (Joel Greenblatt) % is ranked worse than
56.25% of 112 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 5.02 vs PEP: 4.53

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) %. PepsiCo's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 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.


PepsiCo Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for PepsiCo'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.

PepsiCo Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.72 4.25 4.25 4.11 4.56

PepsiCo Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.10 3.62 4.21 4.56 -

Competitive Comparison

For the Beverages - Non-Alcoholic subindustry, PepsiCo'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.


PepsiCo Earnings Yield (Joel Greenblatt) % Distribution

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, PepsiCo's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



PepsiCo 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=12236/268152.16
=4.56 %

PepsiCo's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $12,321 Mil.



PepsiCo  (NAS:PEP) 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.


PepsiCo Earnings Yield (Joel Greenblatt) % Related Terms

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


PepsiCo (PepsiCo) Business Description

Address
700 Anderson Hill Road, Purchase, NY, USA, 10577
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the United States and overseas. International markets make up 40% of total sales and one third of operating profits.
Executives
Hugh F Johnston officer: EVP, Operations PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Becky Schmitt officer: EVP & Chief HR Officer 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666
Jennifer Bailey director 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Susan M Diamond director 500 W MAIN ST., LOUISVILLE KY 40202
Robert C Pohlad director 4000 DAIN RAUSCHER PLAZA, 60 SOUTH SIXTH STREET, MINNEAPOLIS MN 55402
Ramkumar Krishnan officer: CEO Intl Beverages & CCO TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Marie T. Gallagher officer: SVP and Controller PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Paula Santilli officer: CEO, Latin America PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Ramon Laguarta officer: CEO, PepsiCo Europe PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Steven C Williams officer: CEO, PFNA PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Kirk Tanner officer: President & COO, NAB PEPSICO, INC. 700 ANDERSON HILL ROAD, PURCHASE NY 10577
David Flavell officer: EVP, Gen Counsel & Corp Sec PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Eugene Willemsen officer: CEO, AMESA PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Edith W Cooper director C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11249
Dave J Lewis director PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577