KLMR (KLM Royal Dutch Airlines) Earnings Yield (Joel Greenblatt) %: 23.15% (As of Dec. 2018)

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What is KLM Royal Dutch Airlines Earnings Yield (Joel Greenblatt) %?

KLM Royal Dutch Airlines KLMR Earnings Yield (Joel Greenblatt) % is 23.15% as of Dec. 2018.

KLM Royal Dutch Airlines's Enterprise Value for the quarter that ended in Dec. 2018 was $0 Mil. KLM Royal Dutch Airlines's EBIT for the trailing twelve months (TTM) ended in Dec. 2018 was $1,100 Mil. KLM Royal Dutch Airlines's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2018 was 23.15%.

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

KLMR's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Transportation industry.
Industry Median: 6.68
* Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.

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) %. KLM Royal Dutch Airlines's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2018 was 79.64%. 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.


KLM Royal Dutch Airlines  (OTCPK:KLMR) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


KLM Royal Dutch Airlines Earnings Yield (Joel Greenblatt) % Related Terms


KLM Royal Dutch Airlines Earnings Yield (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for KLM Royal Dutch Airlines'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.

KLM Royal Dutch Airlines Earnings Yield (Joel Greenblatt) % Chart

KLM Royal Dutch Airlines Annual Data
Trend Mar04 Mar05 Mar06 Mar07 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.41 10.52 30.12 -10.41 23.15

KLM Royal Dutch Airlines Semi-Annual Data
Mar94 Mar95 Mar96 Mar97 Mar98 Mar99 Mar00 Mar01 Mar02 Mar03 Mar04 Mar05 Mar06 Mar07 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.41 10.52 30.12 -10.41 23.15

KLMR vs : Earnings Yield (Joel Greenblatt) % Comparison

For the Airlines subindustry, KLM Royal Dutch Airlines'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.


KLM Royal Dutch Airlines Earnings Yield (Joel Greenblatt) % vs Transportation Industry

For the Transportation industry and Industrials sector, KLM Royal Dutch Airlines's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where KLM Royal Dutch Airlines's Earnings Yield (Joel Greenblatt) % falls into.



KLM Royal Dutch Airlines 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.

KLM Royal Dutch Airliness Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2018 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=1100.114/0
= %

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.


What does a Earnings Yield (Joel Greenblatt) % of 23.15% mean?
KLM Royal Dutch Airlines (KLMR) has a Earnings Yield (Joel Greenblatt) % of 23.15% as of Dec. 2018. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on KLM Royal Dutch Airlines and its competitors.
Is KLM Royal Dutch Airlines' Earnings Yield (Joel Greenblatt) % too high?
KLM Royal Dutch Airlines' current Earnings Yield (Joel Greenblatt) % is 23.15%. The Transportation industry median Earnings Yield (Joel Greenblatt) % is 6.68. KLM Royal Dutch Airlines' value of 23.15% is 246.6% above this industry median.
How does KLM Royal Dutch Airlines' Earnings Yield (Joel Greenblatt) % compare to ?
KLM Royal Dutch Airlines' Earnings Yield (Joel Greenblatt) % of 23.15% can be compared against companies in the Transportation industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.68. KLM Royal Dutch Airlines' value of 23.15% is 246.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Transportation company?
The median Earnings Yield (Joel Greenblatt) % among Transportation companies is 6.68, based on 1,034 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. KLM Royal Dutch Airlines's current Earnings Yield (Joel Greenblatt) % of 23.15% is 246.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on KLM Royal Dutch Airlines and its competitors. For the Transportation industry, the median Earnings Yield (Joel Greenblatt) % is 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KLM Royal Dutch Airlines's current Earnings Yield (Joel Greenblatt) % is 23.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KLM Royal Dutch Airlines stock overvalued right now?
KLM Royal Dutch Airlines (KLMR) has a current Earnings Yield (Joel Greenblatt) % of 23.15%. The current Earnings Yield (Joel Greenblatt) % is 23.15% and 246.6% above the Transportation industry median of 6.68. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For KLM Royal Dutch Airlines (KLMR), the current Earnings Yield (Joel Greenblatt) % is 23.15% as of Dec. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

KLM Royal Dutch Airlines Business Description

Comparable Companies
Address Amsterdamseweg 55, Amstelveen, NH, NLD, 1182 GP
KLM Royal Dutch Airlines is engaged in network activities, which include air transport of passengers and cargo activities, aircraft maintenance, leisure, and other activities linked to air transport. Its segments are: Network, which generates maximum revenue and includes transportation of passengers on scheduled flights, ancillary passenger revenues, SkyTeam alliance partnership arrangements, block-seat sales, transportation of freight, and sale of cargo capacity to third parties; Maintenance, which provides engine services, component services, and airframe maintenance to airlines and clients internationally; Leisure, which covers charter flights and low-cost scheduled flights operated by transavia.com; and Other segment. It generates maximum revenue from Europe and North Africa.