What is Shenandoah Telecommunications Co Earnings Yield (Joel Greenblatt) %?
Shenandoah Telecommunications Co's Enterprise Value for the quarter that ended in Dec. 2023 was $1,300.4 Mil.
Shenandoah Telecommunications Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $12.0 Mil. Shenandoah Telecommunications Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.94%.
The historical rank and industry rank for Shenandoah Telecommunications Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SHEN'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.78 Med: 1.27 Max: 8.12
Current: 1.27
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Shenandoah Telecommunications Co was 8.12%. The lowest was -0.78%. And the median was 1.27%.
SHEN's Earnings Yield (Joel Greenblatt) % is ranked worse than 68.67% of 399
companies
in the Telecommunication Services industry
Industry Median: 5.32
vs SHEN: 1.27
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) %. Shenandoah Telecommunications Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
Shenandoah Telecommunications Co Earnings Yield (Joel Greenblatt) % Historical Data
* 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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Shenandoah Telecommunications Co Earnings Yield (Joel Greenblatt) % Chart
For the Telecom Services subindustry, Shenandoah Telecommunications Co'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.
Shenandoah Telecommunications Co's Earnings Yield (Joel Greenblatt) % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Shenandoah Telecommunications Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shenandoah Telecommunications Co's Earnings Yield (Joel Greenblatt) % falls into.
Shenandoah Telecommunications Co 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.
Shenandoah Telecommunications Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $12.0 Mil.
Shenandoah Telecommunications Co (NAS:SHEN) 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.
Shenandoah Telecommunications Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Shenandoah Telecommunications Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Shenandoah Telecommunications Co (Shenandoah Telecommunications Co) Business Description
Shenandoah Telecommunications Company, with its subsidiaries, provides various broadband communication products and services via its wireless, cable, fiber optic, and fixed wireless networks to customers in the Mid-Atlantic United States. The company operates through two business units: tower and broadband. The tower segment leases company-owned cell tower spaces to other wireless communication providers, while the broadband segment provides broadband Internet, video, and voice services to residential and commercial customers. The broadband segment generates the vast majority of the company's revenue, with the bulk of sales flowing from residential and small, and medium businesses within the broadband unit.
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