Zep (FRA:14Z) Earnings Yield (Joel Greenblatt) % : 4.47% (As of Feb. 2015)

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What is Zep Earnings Yield (Joel Greenblatt) %?

Zep's Enterprise Value for the quarter that ended in Feb. 2015 was €0.0 Mil. Zep's EBIT for the trailing twelve months (TTM) ended in Feb. 2015 was €20.0 Mil. Zep's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2015 was 4.47%.

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

FRA:14Z' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.1 Med: 5.8 Max: 10.7
Current: 3.9

During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Zep was 10.70%. The lowest was 3.10%. And the median was 5.80%.

FRA:14Z's Earnings Yield (Joel Greenblatt) % is not ranked
in the Chemicals industry.
Industry Median: 3.89 vs FRA:14Z: 3.90

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) %. Zep's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2015 was 10.31%. 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.

Zep Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Zep'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.

Zep Earnings Yield (Joel Greenblatt) % Chart

Zep Annual Data

Trend

Aug05

Aug06

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Earnings Yield (Joel Greenblatt) %

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5.43

6.78

8.89

6.35

4.86

Zep Quarterly Data
	May10	Aug10	Nov10	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															4.85	4.77	4.86	5.23	4.47

Competitive Comparison of Zep's Earnings Yield (Joel Greenblatt) %

For the Specialty Chemicals subindustry, Zep'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.

Zep's Earnings Yield (Joel Greenblatt) % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zep's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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

Zep 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.

Zeps Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2014 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	20.004	/	412.487552
	=	4.85 %

Zep's EBIT for the trailing twelve months (TTM) ended in Feb. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €20.0 Mil.

Zep (FRA:14Z) 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.

Zep Earnings Yield (Joel Greenblatt) % Related Terms

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

Zep (FRA:14Z) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zep Inc (FRA:14Z) » Definitions » Earnings Yield (Joel Greenblatt) %

Traded in Other Exchanges

N/A

Address

Website

http://www.zepinc.com

Zep Inc. was founded in 1937. It is a producer, marketer, and service provider of a range of cleaning and maintenance solutions for commercial, industrial, institutional, and consumer end-markets. Zeps product portfolio includes anti-bacterial and industrial hand care products, cleaners, degreasers, deodorizers, disinfectants, floor finishes, sanitizers, and pest and weed control products. It continually refreshes its product portfolio and service offerings. Zep reaches its customers through an experienced, international organization of sales representatives supported by highly skilled marketing, research and development and technical services teams, who collectively provide creative solutions for its customers' diverse cleaning and maintenance needs by utilizing their product expertise and providing customized value added services that it distinguish Zep among its competitors. Through its direct sales organization, Zep provides convenient, highly effective cleaning and maintenance solutions to customers in a broad array of commercial, industrial, and institutional end-markets, including transportation, food processing and service, manufacturing, government, and housekeeping. These customers include government entities and businesses ranging from small sole proprietorships to large corporations. It sells its products to customers mainly in the United States, Canada and Western Europe. Zep markes these products and services under well recognized and established brand names, such as Zep , Zep Commercial, Zep Professional, Enforcer, and Selig. Zep is its flagship brand and represents largest portfolio of cleaning and maintenance solutions for commercial, industrial, and institutional customers needing highly effective product solutions and professional technical support. Zep Commercial provides professional cleaning and plumbing chemical products targeted to contractors and small business owners and are currently sold through The Home Depot, HD Supply and other retailers. Zep Professional was introduced in fiscal year 2009 and represents its portfolio of cleaning and maintenance solutions that are offered to customers in the commercial, industrial, and institutional end-markets who prefer to acquire product through the distribution channel. Selig offers a limited assortment of cleaning solutions targeted to commercial, industrial and institutional customers. It produces a range of cleaning and maintenance solutions for commercial, industrial, institutional, and consumer customers. Zeps commercial, industrial, and institutional customers include government entities and businesses ranging from small sole proprietorships to large corporations as well as distributors. Its sales and service organization covers the United States, Canada, Italy, Belgium, Luxemburg, the Netherlands and certain other smaller markets. It manufactures products at six facilities located in the United States, Canada, the Netherlands, and Italy.The key raw materi

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