Sonova Holding AG (Sonova Holding AG) Earnings Yield (Joel Greenblatt) %

: 0.00% (As of Sep. 2023)

View and export this data going back to 2008. Start your Free Trial

Sonova Holding AG's Enterprise Value for the quarter that ended in Sep. 2023 was $14,088 Mil. Sonova Holding AG's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $747 Mil. Sonova Holding AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 0.00%.

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

SONVY' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.83 Med: 4.04 Max: 5.84
Current: 4.44

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Sonova Holding AG was 5.84%. The lowest was 1.83%. And the median was 4.04%.

SONVY's Earnings Yield (Joel Greenblatt) % is ranked better than
73.15% of 853 companies
in the Medical Devices & Instruments industry
Industry Median: 0.15 vs SONVY: 4.44

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) %. Sonova Holding AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.

Sonova Holding AG Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Sonova Holding AG'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.

Sonova Holding AG Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Earnings Yield (Joel Greenblatt) %

4.10

4.42

3.89

3.05

4.24

Sonova Holding AG Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Earnings Yield (Joel Greenblatt) %																-	3.05	-	4.24	-

Competitive Comparison

For the Medical Devices subindustry, Sonova Holding AG'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.

Sonova Holding AG Earnings Yield (Joel Greenblatt) % Distribution

For the Medical Devices & Instruments industry and Healthcare sector, Sonova Holding AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

Sonova Holding AG 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.

Sonova Holding AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	798.487	/	19039.43425
	=	4.19 %

For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.

Sonova Holding AG (OTCPK:SONVY) 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.

Sonova Holding AG Earnings Yield (Joel Greenblatt) % Related Terms

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

Sonova Holding AG (Sonova Holding AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sonova Holding AG (OTCPK:SONVY) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

SONVF:USA SOONz:UK 0QPY:UK PHBA:Germany SOON:Switzerland

Address

Laubisrutistrasse 28, Stafa, CHE, CH-8712

Website

https://www.sonova.com

Sonova is one of the world's largest manufacturers and distributors of hearing aids. The company is based in Switzerland and distributes its products in more than 100 countries through its internal sales team and independent retailers. It also sells cochlear implants through its advanced bionics subsidiary and recently acquired Sennheiser's consumer division to expand into audio technologies.