What is Parker Hannifin Earnings Yield (Joel Greenblatt) %?
Parker Hannifin's Enterprise Value for the quarter that ended in Mar. 2025 was $83,810 Mil.
Parker Hannifin's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 was $4,451 Mil. Parker Hannifin's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2025 was 5.14%.
The historical rank and industry rank for Parker Hannifin's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LTS:0KFZ'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.28 Med: 5.56 Max: 10.6
Current: 4.85
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Parker Hannifin was 10.60%. The lowest was 3.28%. And the median was 5.56%.
LTS:0KFZ's Earnings Yield (Joel Greenblatt) % is ranked better than 55.9% of 3034
companies
in the Industrial Products industry
Industry Median: 3.97
vs LTS:0KFZ: 4.85
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) %. Parker Hannifin's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2025 was 22.22%. 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.
Parker Hannifin Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Parker Hannifin'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 Parker Hannifin's Earnings Yield (Joel Greenblatt) %
For the Specialty Industrial Machinery subindustry, Parker Hannifin'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.
Parker Hannifin's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Parker Hannifin's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Parker Hannifin'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.
Parker Hannifins Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2024 is calculated as
Parker Hannifin's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,451 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.
Parker Hannifin Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Parker Hannifin's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Parker Hannifin started out in 1917 as Parker Appliance, selling pneumatic brakes. Through the acquisition of branded components, the firm has expanded into aerospace engines, agricultural and construction machinery, freight and passenger vehicles, and industrial automation equipment. Within these larger systems, Parker sells a wide array of small, critical pieces such as hydraulic, electromechanical, climate control, and filtration components. Many of its products are designed to work together, resulting in a high rate of cross-selling.
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