What is Shoe Carnival Earnings Yield (Joel Greenblatt) %?
Shoe Carnival's Enterprise Value for the quarter that ended in Jan. 2024 was $935 Mil.
Shoe Carnival's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $96 Mil. Shoe Carnival's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 10.31%.
The historical rank and industry rank for Shoe Carnival's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SCVL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.92 Med: 10.37 Max: 25.06
Current: 8.17
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Shoe Carnival was 25.06%. The lowest was 1.92%. And the median was 10.37%.
SCVL's Earnings Yield (Joel Greenblatt) % is ranked better than 68.93% of 1120
companies
in the Retail - Cyclical industry
Industry Median: 4.89
vs SCVL: 8.17
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) %. Shoe Carnival's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 was 27.56%. 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.
Shoe Carnival Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Shoe Carnival'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 Shoe Carnival's Earnings Yield (Joel Greenblatt) %
For the Apparel Retail subindustry, Shoe Carnival'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.
Shoe Carnival's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Shoe Carnival's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shoe Carnival'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.
Shoe Carnivals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2024 is calculated as
Shoe Carnival's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $96 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.
Shoe Carnival Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Shoe Carnival's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Shoe Carnival (Shoe Carnival) Business Description
Shoe Carnival Inc is a family footwear retailer that offers a broad assortment of dress, casual and athletic footwear for men, women, and children with an emphasis on national name brands such as Nike, Skechers, Adidas, Puma, HEYDUDE, Converse, Vans, and Crocs. It operates a retail-focused business model that aims to deliver the footwear shopping experience with the national name brands desired by its customers. Its bricks-first, omnichannel approach provides customers easy access to a wide assortment of branded footwear for work, athletics, daily activities, and special events via a choice of delivery channel.
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