What is Shaw Communications Earnings Yield (Joel Greenblatt) %?
Shaw Communications's Enterprise Value for the quarter that ended in Nov. 2022 was $17,775 Mil.
Shaw Communications's EBIT for the trailing twelve months (TTM) ended in Nov. 2022 was $964 Mil. Shaw Communications's Earnings Yield (Joel Greenblatt) for the quarter that ended in Nov. 2022 was 5.23%.
The historical rank and industry rank for Shaw Communications's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SJR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.04 Med: 6.33 Max: 9.74
Current: 4.84
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Shaw Communications was 9.74%. The lowest was 2.04%. And the median was 6.33%.
SJR's Earnings Yield (Joel Greenblatt) % is not ranked
in the Telecommunication Services industry.
Industry Median: 5.51
vs SJR: 4.84
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) %. Shaw Communications's Forward Rate of Return (Yacktman) % for the quarter that ended in Nov. 2022 was 13.21%. 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.
Shaw Communications Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Shaw Communications'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.
Competitive Comparison of Shaw Communications's Earnings Yield (Joel Greenblatt) %
For the Telecom Services subindustry, Shaw Communications'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.
Shaw Communications's Earnings Yield (Joel Greenblatt) % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Shaw Communications's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shaw Communications'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.
Shaw Communicationss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2022 is calculated as
Shaw Communications's EBIT for the trailing twelve months (TTM) ended in Nov. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $964 Mil.
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.
Shaw Communications Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Shaw Communications's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Shaw Communications (Shaw Communications) Business Description
Shaw Communications is a Canadian cable company that is one of the biggest providers of internet, television, and landline telephone services in British Columbia, Alberta, Saskatchewan, Manitoba, and northern Ontario. In fiscal 2021, more than 75% of Shaw's total revenue resulted from this wireline business. Shaw now also offers wireless service over most of Canada's population footprint after acquiring Wind Mobile in 2016. As a smaller carrier, Shaw has favored bidding status in spectrum auctions, giving it a further boost in enhancing its wireless network. At the 2019 auction, Shaw added significant amounts of 600 MHz spectrum to the 700 MHz spectrum it is currently deploying.
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