What is Myers Industries Earnings Yield (Joel Greenblatt) %?
Myers Industries's Enterprise Value for the quarter that ended in Dec. 2024 was €752.0 Mil.
Myers Industries's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was €41.7 Mil. Myers Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2024 was 5.61%.
The historical rank and industry rank for Myers Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:MJF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.35 Med: 5.44 Max: 15.05
Current: 5.92
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Myers Industries was 15.05%. The lowest was 0.35%. And the median was 5.44%.
FRA:MJF's Earnings Yield (Joel Greenblatt) % is ranked better than 51.2% of 416
companies
in the Packaging & Containers industry
Industry Median: 5.875
vs FRA:MJF: 5.92
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) %. Myers Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 was 17.79%. 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.
Myers Industries Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Myers Industries'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.
Competitive Comparison of Myers Industries's Earnings Yield (Joel Greenblatt) %
For the Packaging & Containers subindustry, Myers Industries'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.
Myers Industries's Earnings Yield (Joel Greenblatt) % Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Myers Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Myers Industries's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Myers Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2024 is calculated as
Myers Industries's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €41.7 Mil.
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.
Myers Industries Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Myers Industries's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Myers Industries Inc designs, manufactures, and markets a variety of plastic, metal, and rubber products, including a broad selection of plastic reusable containers, pallets, small parts bins, bulk shipping containers, storage and organization products, OEM parts, custom plastic products, consumer fuel containers and tanks for water, fuel and waste handling. It operates through the following segments: The Material Handling segment manufactures a selection of durable plastic reusable products that are used repeatedly during the course of their service life. The Distribution segment is engaged in the distribution of equipment, tools, and supplies used for tire servicing and automotive under-vehicle repair, etc. It generates the majority of its revenue from the Material Handling segment.
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