What is South Jersey Industries Earnings Yield (Joel Greenblatt) %?
South Jersey Industries's Enterprise Value for the quarter that ended in Sep. 2022 was $7,853 Mil.
South Jersey Industries's EBIT for the trailing twelve months (TTM) ended in Sep. 2022 was $350 Mil. South Jersey Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2022 was 4.46%.
The historical rank and industry rank for South Jersey Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SJI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.03 Med: 4.33 Max: 6.19
Current: 4.29
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of South Jersey Industries was 6.19%. The lowest was 0.03%. And the median was 4.33%.
SJI's Earnings Yield (Joel Greenblatt) % is not ranked
in the Utilities - Regulated industry.
Industry Median: 6.955
vs SJI: 4.29
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) %. South Jersey Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2022 was 13.27%. 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.
South Jersey Industries Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for South Jersey Industries'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.
South Jersey Industries Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of South Jersey Industries's Earnings Yield (Joel Greenblatt) %
For the Utilities - Diversified subindustry, South Jersey Industries'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.
South Jersey Industries's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, South Jersey Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where South Jersey Industries's Earnings Yield (Joel Greenblatt) % falls into.
South Jersey Industries 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.
South Jersey Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as
South Jersey Industries's EBIT for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $350 Mil.
South Jersey Industries (NYSE:SJI) 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
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.
South Jersey Industries Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of South Jersey Industries's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
South Jersey Industries (South Jersey Industries) Business Description
South Jersey Industries Inc is a New Jersey holding company that acquires and develops utility companies. Through its many subsidiaries, SJI is primarily involved in transmitting, distributing, and selling natural gas and electricity in the mid-Atlantic U.S. The company segments its operations into gas utility operations and energy group businesses. The majority of SJI's total revenue comes from its gas utility operations, which encompasses the company's principal subsidiary: South Jersey Gas. SJG purchases, transmit, and sells natural gas primarily for residential consumers in southern New Jersey. The energy group also represents a significant income stream through its wholesale energy and retail electric services.
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