What is Construction Partners Earnings Yield (Joel Greenblatt) %?
Construction Partners's Enterprise Value for the quarter that ended in Mar. 2025 was $5,343 Mil.
Construction Partners's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 was $133 Mil. Construction Partners's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2025 was 2.48%.
The historical rank and industry rank for Construction Partners's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ROAD'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.32 Med: 3.11 Max: 15.47
Current: 1.9
During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Construction Partners was 15.47%. The lowest was 1.32%. And the median was 3.11%.
ROAD's Earnings Yield (Joel Greenblatt) % is ranked worse than 72.35% of 1772
companies
in the Construction industry
Industry Median: 6.41
vs ROAD: 1.90
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) %. Construction Partners's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2025 was 21.12%. 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.
Construction Partners Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Construction Partners'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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Construction Partners Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Construction Partners's Earnings Yield (Joel Greenblatt) %
For the Engineering & Construction subindustry, Construction Partners'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.
Construction Partners's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Construction Partners's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Construction Partners's Earnings Yield (Joel Greenblatt) % falls into.
Construction Partners 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.
Construction Partnerss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2024 is calculated as
Construction Partners's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $133 Mil.
Construction Partners (NAS:ROAD) 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.
Construction Partners Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Construction Partners's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Construction Partners Inc operates as a civil infrastructure company. It specializes in the construction and maintenance of roadways. The company through its subsidiaries, provides various products and services to both public and private infrastructure projects, with an emphasis on highways, roads, bridges, airports, and commercial and residential developments. Its operations consist of manufacturing and distributing hot mix asphalt, paving activities, including the construction of roadway base layers and application of asphalt pavement, site development, including the installation of utility and drainage systems, and others. The company has a single segment which predominantly consists of infrastructure and road construction, and operates across various states in the United States.
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