What is Games Workshop Group Earnings Yield (Joel Greenblatt) %?
Games Workshop Group's Enterprise Value for the quarter that ended in May. 2024 was $4,306.3 Mil.
Games Workshop Group's EBIT for the trailing twelve months (TTM) ended in May. 2024 was $256.3 Mil. Games Workshop Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2024 was 6.33%.
The historical rank and industry rank for Games Workshop Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
GMWKF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.31 Med: 5.73 Max: 13.07
Current: 4.39
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Games Workshop Group was 13.07%. The lowest was 2.31%. And the median was 5.73%.
GMWKF's Earnings Yield (Joel Greenblatt) % is ranked better than 51.83% of 849
companies
in the Travel & Leisure industry
Industry Median: 4.22
vs GMWKF: 4.39
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) %. Games Workshop Group's Forward Rate of Return (Yacktman) % for the quarter that ended in May. 2024 was 23.30%. 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.
Games Workshop Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Games Workshop Group'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.
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Games Workshop Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Games Workshop Group's Earnings Yield (Joel Greenblatt) %
For the Leisure subindustry, Games Workshop Group'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.
Games Workshop Group's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Games Workshop Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Games Workshop Group's Earnings Yield (Joel Greenblatt) % falls into.
Games Workshop Group 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.
Games Workshop Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in May. 2024 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Games Workshop Group (OTCPK:GMWKF) 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.
Games Workshop Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Games Workshop Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Games Workshop Group PLC designs, manufactures and sells fantasy miniatures and games related products. It carries the manufacturing activity in the UK and sells the same in the different region of the countries such as Continental Europe, North America, and Asia Pacific. It operates through two segments Core and Licensing . The core segment includes all revenue and expenditure relating to the design, manufacture and sales of their fantasy miniatures and related products. The licensing segment includes all revenue and expenditure relating to licences granted to external partners. The company generates majority of its revenue from the core segment.
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