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Nikola's Enterprise Value for the quarter that ended in Dec. 2024 was MXN5,120 Mil.
Nikola's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was MXN-18,307 Mil. Nikola's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2024 was -384.62%.
The historical rank and industry rank for Nikola's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MEX:NKLA's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 5.84 * 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) %. Nikola's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 was 0.00%. 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.
Nikola (MEX:NKLA) 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.
Nikola Earnings Yield (Joel Greenblatt) % Related Terms
Nikola Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Nikola'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.
For the Farm & Heavy Construction Machinery subindustry, Nikola'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.
Nikola Earnings Yield (Joel Greenblatt) % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Nikola's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nikola's Earnings Yield (Joel Greenblatt) % falls into.
Nikola 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.
Nikolas Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2024 is calculated as
Nikola's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-18,307 Mil.
What does a Earnings Yield (Joel Greenblatt) % of -384.62% mean?
Nikola (MEX:NKLA) has a Earnings Yield (Joel Greenblatt) % of -384.62% as of Dec. 2024. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Nikola and its competitors.
Is Nikola's Earnings Yield (Joel Greenblatt) % too high?
Nikola's current Earnings Yield (Joel Greenblatt) % is -384.62%. Overall, Nikola has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Nikola's Earnings Yield (Joel Greenblatt) % compare to NMHI and GP?
Nikola's Earnings Yield (Joel Greenblatt) % of -384.62% can be compared against companies in the Farm & Heavy Construction Machinery industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.84. 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 Farm & Heavy Construction Machinery company?
The median Earnings Yield (Joel Greenblatt) % among Farm & Heavy Construction Machinery companies is 5.84, based on 212 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. 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 Nikola and its competitors. For the Farm & Heavy Construction Machinery industry, the median Earnings Yield (Joel Greenblatt) % is 5.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikola's current Earnings Yield (Joel Greenblatt) % is -384.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikola stock overvalued right now?
Nikola (MEX:NKLA) has a current Earnings Yield (Joel Greenblatt) % of -384.62%. The current Earnings Yield (Joel Greenblatt) % is -384.62%. Nikola's overall GF Score™ is 12/100. 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 Nikola (MEX:NKLA), the current Earnings Yield (Joel Greenblatt) % is -384.62% as of Dec. 2024. 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.
Nikola Corp is a technology innovator and integrator, working to develop inventive energy and transportation solutions. It works on a business model that enables customers and fleets to integrate next-generation truck technology, hydrogen fueling and charging infrastructure, and related maintenance. It operates in two business units: Truck and Energy. The Truck business unit is engaged in manufacturing and selling FCEV and BEV trucks that provide environmentally friendly, cost-effective solutions to the trucking sector. The Energy business unit is engaged in developing and constructing a network of hydrogen fueling stations to meet the hydrogen fuel demand for the company's customers, as well as other third-party customers.
12GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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