Seneca Foods (Seneca Foods) Earnings Yield (Joel Greenblatt) %

: 7.20% (As of Dec. 2023)

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Seneca Foods's Enterprise Value for the quarter that ended in Dec. 2023 was $3,296 Mil. Seneca Foods's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $75 Mil. Seneca Foods's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 7.20%.

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

SENEM' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.87 Med: 6.52 Max: 35.36
Current: 7.01

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Seneca Foods was 35.36%. The lowest was -6.87%. And the median was 6.52%.

SENEM's Earnings Yield (Joel Greenblatt) % is ranked better than
61.44% of 1940 companies
in the Consumer Packaged Goods industry
Industry Median: 5.1 vs SENEM: 7.01

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) %. Seneca Foods's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.

Seneca Foods Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Seneca Foods'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.

Seneca Foods Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Earnings Yield (Joel Greenblatt) %

-6.42

11.64

30.96

10.98

3.26

Seneca Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Earnings Yield (Joel Greenblatt) %																7.34	3.26	8.03	7.92	7.20

Competitive Comparison

For the Packaged Foods subindustry, Seneca Foods'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.

Seneca Foods Earnings Yield (Joel Greenblatt) % Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Seneca Foods's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

Seneca Foods 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.

Seneca Foodss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	28.646	/	4299.148567
	=	0.67 %

Seneca Foods'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 $75 Mil.

Seneca Foods (OTCPK:SENEM) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Seneca Foods Earnings Yield (Joel Greenblatt) % Related Terms

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Seneca Foods (Seneca Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Seneca Foods Corp (OTCPK:SENEM) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

SENEB:USA SENEA:USA

Address

350 WillowBrook Office Park, Fairport, NY, USA, 14480

Website

https://www.senecafoods.com

Seneca Foods Corp is a US-based company which acts as a provider of packaged fruits and vegetables. Its product offerings include canned, frozen and bottled produce and snack chips. The company's segment includes fruits and vegetables, prepared food products, and snack products. It generates maximum revenue from Canned vegetables followed by Frozen vegetables.