What is Lenovo Group Earnings Yield (Joel Greenblatt) %?
Lenovo Group's Enterprise Value for the quarter that ended in Dec. 2023 was $18,312 Mil.
Lenovo Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1,606 Mil. Lenovo Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 8.79%.
The historical rank and industry rank for Lenovo Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LNVGY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.55 Med: 10.4 Max: 35.13
Current: 10.92
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Lenovo Group was 35.13%. The lowest was -2.55%. And the median was 10.40%.
LNVGY's Earnings Yield (Joel Greenblatt) % is ranked better than 83.29% of 2478
companies
in the Hardware industry
Industry Median: 3.2
vs LNVGY: 10.92
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) %. Lenovo Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 24.45%. 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.
Lenovo Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Lenovo 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.
* Premium members only.
Lenovo Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Lenovo Group's Earnings Yield (Joel Greenblatt) %
For the Computer Hardware subindustry, Lenovo 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.
Lenovo Group's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Lenovo Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lenovo Group's Earnings Yield (Joel Greenblatt) % falls into.
Lenovo 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.
Lenovo Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
Lenovo Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,606 Mil.
Lenovo Group (OTCPK:LNVGY) 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.
Lenovo Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Lenovo Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Lenovo is a global technology hardware company with a leading market share in personal computers. Its operations are divided into three main business segments: PC and smart devices, mobile, and data center, which we expect to account for 55%, 11%, and 19% of sales in the midterm, respectively. The firm has been actively growing its data center business, which primarily sells network servers to enterprise and hyperscale customers, as well as storage equipment through its mainland China joint venture with NetApp. Server-related revenue contribution has jumped to 16% of overall sales in fiscal 2022, from 6% in 2015.
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