What is Evoqua Water Technologies Earnings Yield (Joel Greenblatt) %?
Evoqua Water Technologies's Enterprise Value for the quarter that ended in Mar. 2023 was €6,369 Mil.
Evoqua Water Technologies's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was €113 Mil. Evoqua Water Technologies's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2023 was 1.69%.
The historical rank and industry rank for Evoqua Water Technologies's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:E0W'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.4 Med: 2.17 Max: 7.44
Current: 1.68
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Evoqua Water Technologies was 7.44%. The lowest was 1.40%. And the median was 2.17%.
FRA:E0W's Earnings Yield (Joel Greenblatt) % is not ranked
in the Industrial Products industry.
Industry Median: 4.29
vs FRA:E0W: 1.68
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) %. Evoqua Water Technologies's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2023 was 9.42%. 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.
Evoqua Water Technologies Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Evoqua Water Technologies'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.
Evoqua Water Technologies Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Evoqua Water Technologies's Earnings Yield (Joel Greenblatt) %
For the Pollution & Treatment Controls subindustry, Evoqua Water Technologies'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.
Evoqua Water Technologies's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Evoqua Water Technologies's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Evoqua Water Technologies's Earnings Yield (Joel Greenblatt) % falls into.
Evoqua Water Technologies 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.
Evoqua Water Technologiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2022 is calculated as
Evoqua Water Technologies's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €113 Mil.
Evoqua Water Technologies (FRA:E0W) 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.
Evoqua Water Technologies Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Evoqua Water Technologies's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Evoqua Water Technologies (FRA:E0W) Business Description
Evoqua Water Technologies Corp is a provider of critical water treatment solutions, offering services, systems, and technologies to support its customers' full water lifecycle needs. The company operates two segments namely Integrated Solutions and Services and Applied Product Technologies. The Integrated Solutions and Services segment provides fully-integrated systems and service solutions that selectively utilize its portfolio of water treatment technologies to satisfy customers' water needs. It engages directly with end-users. Applied Product Technologies is focused on developing product platforms to be sold primarily through third-party channels. The company generates maximum revenue from the Integrated Solutions and Services segment.
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