What is Generali Earnings Yield (Joel Greenblatt) %?
Generali's Enterprise Value for the quarter that ended in Jun. 2024 was €49,234 Mil.
Generali's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was €0 Mil. Generali's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2024 was 0.00%.
The historical rank and industry rank for Generali's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MIL:G'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.22 Med: 3.55 Max: 28.72
Current: 12.12
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Generali was 28.72%. The lowest was 2.22%. And the median was 3.55%.
MIL:G's Earnings Yield (Joel Greenblatt) % is ranked better than 66.94% of 481
companies
in the Insurance industry
Industry Median: 6.91
vs MIL:G: 12.12
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) %. Generali's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2024 was 0.00%. 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.
Generali Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Generali'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 Generali's Earnings Yield (Joel Greenblatt) %
For the Insurance - Diversified subindustry, Generali'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.
Generali's Earnings Yield (Joel Greenblatt) % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Generali's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Generali'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.
Generalis Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Generali's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0 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.
Generali Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Generali's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
The roots of Generali date back to the 1830s and the Bora wind and rough seas that hit the Trieste region. Over that decade Generali sought to expand throughout Italy, but this growth was held back by the fragmented nature of Italy. The Italian Revolution in the 1840s paved the way for easier expansion in the country. After the First World War Trieste was eventually handed back to Italy. The dissolution of the Austro-Hungarian Empire created a fragmented Europe and a fragmented Generali. While to this day Generali remains quite a diversified company, its core operations remain in historical Austro-Hungarian countries of Austria, Central and Eastern Europe, Germany, and Italy. This is the case in Generali's nonlife business and France is also an important contributor to life and savings.
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