What is Fastenal Co Earnings Yield (Joel Greenblatt) %?
Fastenal Co's Enterprise Value for the quarter that ended in Mar. 2025 was $44,748 Mil.
Fastenal Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 was $1,518 Mil. Fastenal Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2025 was 3.39%.
The historical rank and industry rank for Fastenal Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FAST'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.04 Med: 4.83 Max: 7.88
Current: 3.04
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Fastenal Co was 7.88%. The lowest was 3.04%. And the median was 4.83%.
FAST's Earnings Yield (Joel Greenblatt) % is ranked worse than 75.64% of 156
companies
in the Industrial Distribution industry
Industry Median: 6.955
vs FAST: 3.04
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) %. Fastenal Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2025 was 10.06%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.
Fastenal Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Fastenal Co'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.
Fastenal Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Fastenal Co's Earnings Yield (Joel Greenblatt) %
For the Industrial Distribution subindustry, Fastenal Co'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.
Fastenal Co's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Fastenal Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fastenal Co's Earnings Yield (Joel Greenblatt) % falls into.
Fastenal Co 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.
Fastenal Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2024 is calculated as
Fastenal Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,518 Mil.
Fastenal Co (NAS:FAST) 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.
Fastenal Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Fastenal Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Fastenal began as an industrial retailer, expanding its product portfolio from nuts and bolts to cutting tools, safety equipment, and janitorial supplies. It transitioned into a distributor by building out a dense network of branches close to its business customers. Once a customer becomes large enough, Fastenal installs vending machines and its own personnel on-site. Today, these on-site locations exceed Fastenal's branch count and remain the firm's main focus for expansion. Fastenal acts as a one-stop outsourcing partner for its industrial customers, offering value-added services along with a wide breadth of maintenance, repair, and operations supplies.
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