What is Ferrari NV Earnings Yield (Joel Greenblatt) %?
Ferrari NV's Enterprise Value for the quarter that ended in Sep. 2024 was $86,077 Mil.
Ferrari NV's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was $1,985 Mil. Ferrari NV's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was 2.37%.
The historical rank and industry rank for Ferrari NV's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
RACE'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.9 Med: 3.11 Max: 5.66
Current: 2.4
During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Ferrari NV was 5.66%. The lowest was 1.90%. And the median was 3.11%.
RACE's Earnings Yield (Joel Greenblatt) % is ranked worse than 68.64% of 1320
companies
in the Vehicles & Parts industry
Industry Median: 5.3
vs RACE: 2.40
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) %. Ferrari NV's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 was 20.03%. 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.
Ferrari NV Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Ferrari NV'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.
Ferrari NV Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Ferrari NV's Earnings Yield (Joel Greenblatt) %
For the Auto Manufacturers subindustry, Ferrari NV'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.
Ferrari NV's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ferrari NV's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ferrari NV's Earnings Yield (Joel Greenblatt) % falls into.
Ferrari NV 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.
Ferrari NVs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Ferrari NV'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 $1,985 Mil.
Ferrari NV (NYSE:RACE) 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.
Ferrari NV Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Ferrari NV's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ferrari designs, engineers, and manufactures some of the world's most expensive luxury cars. With supply carefully controlled to be below demand and a brand steeped in decades of motor racing history, a Ferrari is viewed as a status symbol. In 2023, the company sold 13,663 vehicles at an average price over EUR 400,000 with more than 70% of its vehicles being sold to existing Ferrari clients. Eighty-six percent of revenue is generated from the sale of cars and spare parts and 10% from sponsorship, commercial, and brand activities including racing and lifestyle activities. In 2023, the Europe, Middle East, and Africa region accounted for 48% of revenue, the Americas was 30%, mainland China, Hong Kong, and Taiwan was 10%, and the rest of Asia was 13%.
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