What is Morgan Advanced Materials Earnings Yield (Joel Greenblatt) %?
Morgan Advanced Materials's Enterprise Value for the quarter that ended in Dec. 2023 was £0.00 Mil.
Morgan Advanced Materials's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was £95.80 Mil. Morgan Advanced Materials's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 8.90%.
The historical rank and industry rank for Morgan Advanced Materials's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LSE:BA29.PFD'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.03 Med: 9.65 Max: 17.16
Current: 8.4
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Morgan Advanced Materials was 17.16%. The lowest was -0.03%. And the median was 9.65%.
LSE:BA29.PFD's Earnings Yield (Joel Greenblatt) % is ranked better than 73.98% of 3048
companies
in the Industrial Products industry
Industry Median: 4.26
vs LSE:BA29.PFD: 8.40
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) %. Morgan Advanced Materials's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 7.71%. 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.
Morgan Advanced Materials Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Morgan Advanced Materials'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.
Morgan Advanced Materials Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Morgan Advanced Materials's Earnings Yield (Joel Greenblatt) %
For the Specialty Industrial Machinery subindustry, Morgan Advanced Materials'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.
Morgan Advanced Materials's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Morgan Advanced Materials's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Morgan Advanced Materials's Earnings Yield (Joel Greenblatt) % falls into.
Morgan Advanced Materials 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.
Morgan Advanced Materialss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 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.
Morgan Advanced Materials (LSE:BA29.PFD) 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.
Morgan Advanced Materials Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Morgan Advanced Materials's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Morgan Advanced Materials (LSE:BA29.PFD) Business Description
Morgan Advanced Materials PLC is a U.K.-based company that manufactures a wide array of specialized and high-specification materials. The company's product line includes high-temperature insulation products used to reduce energy consumption, electrical carbon, linear and rotary transfer systems used for transferring electrical energy in motor and generator applications, seals and bearings, ceramic cores, piezoelectric sensors and transducers, crucibles, and others. The company's customers come from sectors including healthcare, petrochemical, transportation, electronics, energy, security and defense, and other industrial applications. Morgan Advanced Materials has a global presence, with the United States being the largest markets for the company.
Morgan Advanced Materials (LSE:BA29.PFD) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
LSE:BA29.PFD has been successfully added to your 