What is Mercedes-Benz Group AG Earnings Yield (Joel Greenblatt) %?
Mercedes-Benz Group AG's Enterprise Value for the quarter that ended in Sep. 2024 was $137,737 Mil.
Mercedes-Benz Group AG's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was $17,451 Mil. Mercedes-Benz Group AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was 12.90%.
The historical rank and industry rank for Mercedes-Benz Group AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MBGYY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.67 Med: 10.53 Max: 17.77
Current: 12.74
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Mercedes-Benz Group AG was 17.77%. The lowest was 1.67%. And the median was 10.53%.
MBGYY's Earnings Yield (Joel Greenblatt) % is ranked better than 79.65% of 1322
companies
in the Vehicles & Parts industry
Industry Median: 5.63
vs MBGYY: 12.74
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) %. Mercedes-Benz Group AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 was 36.56%. 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.
Mercedes-Benz Group AG Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Mercedes-Benz Group AG'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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Mercedes-Benz Group AG Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Mercedes-Benz Group AG's Earnings Yield (Joel Greenblatt) %
For the Auto Manufacturers subindustry, Mercedes-Benz Group AG'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.
Mercedes-Benz Group AG's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Mercedes-Benz Group AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mercedes-Benz Group AG's Earnings Yield (Joel Greenblatt) % falls into.
Mercedes-Benz Group AG 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.
Mercedes-Benz Group AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Mercedes-Benz Group AG's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $17,451 Mil.
Mercedes-Benz Group AG (OTCPK:MBGYY) 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.
Mercedes-Benz Group AG Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Mercedes-Benz Group AG's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mercedes-Benz Group is a premium automotive original equipment manufacturer, selling around 2 million passenger cars, including its Chinese joint venture, and just under 450,000 vans per year. The company's financial profile improved significantly following the spinoff of Daimler Truck in 2021. Unlike most automotive OEMs, Mercedes operates under its own brand alone. In 2023, 16% of its passenger cars sold were top end (G Class, Maybach, AMG, S Class), 54% were core (C and E Class), and 30% entry (A and B Class). In volume terms, Asia is Mercedes' largest market at 40% of 2023 vehicle sales followed by Europe at 38% and North America at 17%.
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