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Steel Partners Holdings LP's Enterprise Value for the quarter that ended in Mar. 2024 was $0.00 Mil. Steel Partners Holdings LP's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $267.96 Mil. Steel Partners Holdings LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 47.17%.
The historical rank and industry rank for Steel Partners Holdings LP's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Steel Partners Holdings LP was 58.48%. The lowest was 2.91%. And the median was 7.81%.
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) %. Steel Partners Holdings LP's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 25.35%. 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.
The historical data trend for Steel Partners Holdings LP'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.
Steel Partners Holdings LP Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 29.50 | 6.51 | 19.31 | 33.00 | 44.25 |
Steel Partners Holdings LP Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 39.06 | 29.41 | 44.25 | 44.25 | 47.17 |
For the Conglomerates subindustry, Steel Partners Holdings LP'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.
For the Conglomerates industry and Industrials sector, Steel Partners Holdings LP's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Steel Partners Holdings LP'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.
Steel Partners Holdings LPs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | 260.038 | / | 0 | |
= | % |
Steel Partners Holdings LP's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $267.96 Mil.
Steel Partners Holdings LP (NYSE:SPLPpA.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.
Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.
Thank you for viewing the detailed overview of Steel Partners Holdings LP's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ryan O'herrin | officer: Chief Financial Officer | 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022-8547 |
Joseph Richards Martin | officer: See Remarks | C/O LOUISIANA-PACIFIC CORPORATION, 414 UNION STREET, SUITE 2000, NASHVILLE TN 37219 |
Gary Tankard | officer: Chief Accounting Officer | C/O STEEL PARTNERS HOLDINGS LP, 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Jason Wong | officer: Chief Financial Officer | 590 MADISON AVENUE, FLOOR 32, C/O STEEL PARTNERS HOLDINGS LP, NEW YORK NY 10022 |
Gordon A. Walker | officer: Senior Vice President | KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143 |
Lon Rosen | director | 120 S. CARMELINA AVE., LOS ANGELES CA 90049 |
Rory H. Tahari | director | 510 FIFTH AVENUE, NEW YORK NY 10036 |
James Iii Benenson | director | C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Eric P. Karros | director | C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Emh Howard Llc | other: See Footnote 1 | 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Fejes William Theodore Jr | officer: President, Steel Services, Ltd | 440 NORTH FIFTH AVENUE, CHAMBERSBURG PA 17201 |
Douglas Woodworth | officer: Chief Financial Officer | STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Sph Spv-i Llc | other: See Explanation of Responses | 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Steel Partners, Ltd. | 10 percent owner | 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
Wgl Capital Corp. | 10 percent owner | 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022 |
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