GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » National Vision Holdings Inc (NAS:EYE) » Definitions » Earnings Yield (Joel Greenblatt) %

National Vision Holdings (National Vision Holdings) Earnings Yield (Joel Greenblatt) % : -1.97% (As of Dec. 2023)


View and export this data going back to 2017. Start your Free Trial

What is National Vision Holdings Earnings Yield (Joel Greenblatt) %?

National Vision Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was $2,413 Mil. National Vision Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-48 Mil. National Vision Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -1.97%.

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

EYE' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.26   Med: 1.8   Max: 4.83
Current: -2.23

During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of National Vision Holdings was 4.83%. The lowest was -2.26%. And the median was 1.80%.

EYE's Earnings Yield (Joel Greenblatt) % is ranked worse than
77.73% of 1118 companies
in the Retail - Cyclical industry
Industry Median: 4.9 vs EYE: -2.23

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) %. National Vision Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 6.08%. 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.


National Vision Holdings Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for National Vision Holdings'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.

National Vision Holdings Earnings Yield (Joel Greenblatt) % Chart

National Vision Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only 1.82 2.00 3.82 1.60 -1.97

National Vision Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.60 2.54 1.64 1.64 -1.97

Competitive Comparison of National Vision Holdings's Earnings Yield (Joel Greenblatt) %

For the Specialty Retail subindustry, National Vision Holdings'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.


National Vision Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, National Vision Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where National Vision Holdings's Earnings Yield (Joel Greenblatt) % falls into.



National Vision Holdings 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.

National Vision Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-47.425/2412.61023
=-1.97 %

National Vision Holdings'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 $-48 Mil.



National Vision Holdings  (NAS:EYE) 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.

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


National Vision Holdings Earnings Yield (Joel Greenblatt) % Related Terms

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


National Vision Holdings (National Vision Holdings) Business Description

Traded in Other Exchanges
Address
2435 Commerce Avenue, Building 2200, Duluth, GA, USA, 30096
National Vision Holdings Inc is an optical retailer in the U.S. Its product portfolio includes eyeglasses and sunglasses, contact lenses, accessories, and other products. The company has two operating segments; Owned and Host segment includes company-owned brands America's Best and Eyeglass World, In America's Best stores, vision care services are provided by optometrists or by independent professional corporations and Host operating consist of Military and Fred Meyer which provide eye exams by independent optometrists, and the Legacy segment manages the operations of, and supplies inventory and lab processing services to Legacy retail Vision Centers. It earns a majority of its revenue from the Owned and Host segment.
Executives
D Randolph Peeler director, 10 percent owner CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LANE PO BOX 866, RUTLAND VT 05701
Thomas V Taylor director 2233 LAKE PARK DRIVE, STE. 400, SMYRNA GA 30080
Ravi Acharya officer: SVP, Chief Technology Officer C/O NATIONAL VISION HOLDINGS, INC., 2435 COMMERCE AVE., BUILDING 2200, DULUTH GA 30096
Virginia A Hepner director 415 EAST PACES FERRY ROAD, SUITE 200, ATLANTA GA 30305
L Reade Fahs director, officer: Chief Executive Officer
Patrick R. Moore officer: SVP, Chief Financial Officer C/O NATIONAL VISION HOLDINGS, INC., 2435 COMMERCE AVENUE, BLDG. 2200, DULUTH GA 30096
Jared Brandman officer: SVP, GC and Secretary C/O NATIONAL VISION HOLDINGS, INC., 2435 COMMERCE AVENUE BLDG. 2200, DULUTH GA 30096-4980
David M Tehle director 100 MISSION RIDGE, GOODLETTSVILLE TN 37072
Joseph Vandette officer: SVP, Chief Marketing Officer C/O NATIONAL VISION HOLDINGS, INC., 2435 COMMERCE AVE., BUILDING 2200, DULUTH GA 30096
Melissa Rasmussen officer: SVP, Chief Accounting Officer NATIONAL VISION HOLDINGS, INC., 2435 COMMERCE AVENUE BLDG 2200, DULUTH GA 30095
Roger F. Francis officer: SVP, Chief Stores Officer C/O NATIONAL VISION HOLDINGS, INC., 2435 COMMERCE AVE., BUILDING 2200, DULUTH GA 30096
Jose Armario director MCDONALD'S CORPORATION, 2915 JORIE BOULEVARD, OAK BROOK IL 60523
Susan S Johnson director 303 PEACHTREE STREET, NE, ATLANTA GA 30308
Naomi Kelman director C/O NATIONAL VISION HOLDINGS, INC., 2435 COMMERCE AVE., BUILDING 2200, DULUTH GA 30096
Joan Blackwood officer: SVP, Chief Marketing Officer C/O NATIONAL VISION HOLDINGS, INC., 2435 COMMERCE AVE., BUILDING 2200, DULUTH GA 30096

National Vision Holdings (National Vision Holdings) Headlines

From GuruFocus