Sterling Infrastructure's Enterprise Value for the quarter that ended in Dec. 2023 was $2,652 Mil.
Sterling Infrastructure's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $220 Mil. Sterling Infrastructure's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 8.29%.
The historical rank and industry rank for Sterling Infrastructure's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
STRL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -43.74 Med: 7.33 Max: 14.87
Current: 7.15
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Sterling Infrastructure was 14.87%. The lowest was -43.74%. And the median was 7.33%.
STRL's Earnings Yield (Joel Greenblatt) % is ranked better than 55.14% of 1692
companies
in the Construction industry
Industry Median: 6.595
vs STRL: 7.15
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) %. Sterling Infrastructure's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 25.79%. 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.
Sterling Infrastructure Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Sterling Infrastructure'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.
For the Engineering & Construction subindustry, Sterling Infrastructure'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.
Sterling Infrastructure Earnings Yield (Joel Greenblatt) % Distribution
For the Construction industry and Industrials sector, Sterling Infrastructure's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sterling Infrastructure'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.
Sterling Infrastructures Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Sterling Infrastructure'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 $220 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.
Sterling Infrastructure Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Sterling Infrastructure's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sterling Infrastructure (Sterling Infrastructure) Business Description
Sterling Infrastructure Inc is a construction company that specializes in heavy civil infrastructure construction and infrastructure rehabilitation as well as residential construction projects. The company operates in three reportable segments namely, Transportation Solutions, E-Infrastructure Solutions, and Building Solution. Transportation Solutions include highways, roads, bridges, airfields, ports, light rail, and others. Building Solution projects include concrete foundations for single-family homes. E-Infrastructure Solutions include the services which are provided to large, blue-chip companies in the e-commerce, data center, distribution center, and warehousing, energy, mixed-use, and multi-family sectors. The majority of the revenue is generated from E-Infrastructure Solutions. .
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