What is National General Holdings Earnings Yield (Joel Greenblatt) %?
National General Holdings's Enterprise Value for the quarter that ended in Dec. 2020 was $0.00 Mil.
National General Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2020 was $694.44 Mil. National General Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2020 was 16.34%.
The historical rank and industry rank for National General Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NGHCO.PFD'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.33 Med: 7.84 Max: 19.33
Current: 17.06
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of National General Holdings was 19.33%. The lowest was 6.33%. And the median was 7.84%.
NGHCO.PFD's Earnings Yield (Joel Greenblatt) % is not ranked
in the Insurance industry.
Industry Median: 5.635
vs NGHCO.PFD: 17.06
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) %. National General Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2020 was 29.30%. 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.
National General Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for National General Holdings'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.
National General Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of National General Holdings's Earnings Yield (Joel Greenblatt) %
For the Insurance - Property & Casualty subindustry, National General Holdings'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.
National General Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, National General Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where National General Holdings's Earnings Yield (Joel Greenblatt) % falls into.
National General Holdings 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.
National General Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2020 is calculated as
National General Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $694.44 Mil.
National General Holdings (NAS:NGHCO.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.
National General Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of National General Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
National General Holdings (National General Holdings) Business Description
National General Holdings Corp is a specialty personal lines insurance holding company. It provides a variety of insurance products, including personal and commercial automobile, homeowners, umbrella, recreational vehicle, motorcycle, lender-placed, supplemental health and other niche insurance products. The company sells insurance products with a focus on underwriting profitability through a combination of its customized and predictive analytics and its technology is driven low-cost infrastructure. The company manages its business through two segments, the Property and Casualty segment and Accident and Health segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NGHCO.PFD has been successfully added to your 