B&G Foods (B&G Foods) Earnings Yield (Joel Greenblatt) % : 2.90% (As of Dec. 2023)

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What is B&G Foods Earnings Yield (Joel Greenblatt) %?

B&G Foods's Enterprise Value for the quarter that ended in Dec. 2023 was $2,902 Mil. B&G Foods's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $84 Mil. B&G Foods's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 2.90%.

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

BGS' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.66 Med: 5.11 Max: 11.25
Current: 2.84

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of B&G Foods was 11.25%. The lowest was 1.66%. And the median was 5.11%.

BGS's Earnings Yield (Joel Greenblatt) % is ranked worse than
62.51% of 1947 companies
in the Consumer Packaged Goods industry
Industry Median: 4.93 vs BGS: 2.84

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) %. B&G Foods's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -0.81%. 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.

B&G Foods Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for B&G 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.

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B&G Foods Earnings Yield (Joel Greenblatt) % Chart

B&G Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Earnings Yield (Joel Greenblatt) %

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6.66

6.81

4.55

3.30

2.90

B&G 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) %	Get a 7-Day Free Trial															3.30	3.23	4.04	3.69	2.90

Competitive Comparison of B&G Foods's Earnings Yield (Joel Greenblatt) %

For the Packaged Foods subindustry, B&G 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.

B&G Foods's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry

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

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

B&G 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.

B&G Foodss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	84.2	/	2902.0092
	=	2.90 %

B&G 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 $84 Mil.

B&G Foods (NYSE:BGS) 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.

B&G Foods Earnings Yield (Joel Greenblatt) % Related Terms

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B&G Foods (B&G Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » B&G Foods Inc (NYSE:BGS) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

DHR:Germany

Address

Four Gatehall Drive, Parsippany, NJ, USA, 07054

Website

https://www.bgfoods.com

B&G Foods Inc is an American packaged-food manufacturer. The company sells its products in the United States, Canada, and Puerto Rico. The company's main brands are Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Cary's, Cream of Rice, Cream of Wheat, Devonsheer, Don Pepino, Durkee, Emeril's, Grandma's Molasses, MacDonald's, Mama Mary's, Maple Grove Farms, Regina, Sa-son, Sclafani, Smart Puffs, Spice Islands, Spring Tree, and Wright's. The company distributes its products through multiple channels to supermarkets, wholesalers, mass merchants, warehouse clubs, and food service distributors, among others.

Executives

Jordan E Greenberg	officer: EVP & Chief Commercial Officer	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Bruce C Wacha	officer: EVP of Corp Strategy & Bus Dev	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
David L Wenner	director, officer: President & CEO	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Andrew D Vogel	officer: EVP, PRESIDENT OF MEALS	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Alfred Poe	director	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Kristen A. Thompson	officer: SVP, President of Frozen & Veg	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Keller Kenneth C Jr	director, officer: President & CEO	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Debra M Chase	director	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Deann L Brunts	director	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Ellen M Schum	officer: EVP & Chief Customer Officer	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Erich A Fritz	officer: EVP-Chief Supply Chain Officer	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Kenneth G. Romanzi	officer: EVP & Chief Operating Officer	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Cheryl M Palmer	director	C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054
Michael Adasczik	officer: VP, Chief Accounting Officer	C/O B&G FOODS, INC., FOUR GATEHALL DRIVE, PARSIPPANY NJ 07054
Robert D Mills	director	TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027