What is Vail Resorts Earnings Yield (Joel Greenblatt) %?
Vail Resorts's Enterprise Value for the quarter that ended in Oct. 2024 was €8,495 Mil.
Vail Resorts's EBIT for the trailing twelve months (TTM) ended in Oct. 2024 was €483 Mil. Vail Resorts's Earnings Yield (Joel Greenblatt) for the quarter that ended in Oct. 2024 was 5.68%.
The historical rank and industry rank for Vail Resorts's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:VAI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.64 Med: 4.07 Max: 6.32
Current: 5.33
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Vail Resorts was 6.32%. The lowest was 0.64%. And the median was 4.07%.
FRA:VAI's Earnings Yield (Joel Greenblatt) % is ranked better than 56.47% of 850
companies
in the Travel & Leisure industry
Industry Median: 4.195
vs FRA:VAI: 5.33
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) %. Vail Resorts's Forward Rate of Return (Yacktman) % for the quarter that ended in Oct. 2024 was 19.28%. 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.
Vail Resorts Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Vail Resorts'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 Vail Resorts's Earnings Yield (Joel Greenblatt) %
For the Resorts & Casinos subindustry, Vail Resorts'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.
Vail Resorts's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Vail Resorts's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Vail Resorts'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.
Vail Resortss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jul. 2024 is calculated as
Vail Resorts's EBIT for the trailing twelve months (TTM) ended in Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €483 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.
Vail Resorts Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Vail Resorts's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Vail Resorts Inc Bhd is a resorts and casinos company that operates mountain resorts and ski areas. The company has three business segments that include Mountain, Lodging, and Real Estate. The Mountain segment operates numerous ski resort properties that offer a variety of winter and summer activities, such as skiing, snowboarding, snowshoeing, hiking, and mountain biking. The Lodging segment owns and operates hotels and condominiums. The Real Estate segment owns, develops, and leases real estate, typically near its other properties. The company generates the vast majority of its revenue within the United States.
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