What is CNO Financial Group Earnings Yield (Joel Greenblatt) %?
CNO Financial Group's Enterprise Value for the quarter that ended in Mar. 2024 was €5,799 Mil.
CNO Financial Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was €693 Mil. CNO Financial Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 11.85%.
The historical rank and industry rank for CNO Financial Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
STU:COS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.85 Med: 6.63 Max: 20.17
Current: 11.85
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of CNO Financial Group was 20.17%. The lowest was -3.85%. And the median was 6.63%.
STU:COS's Earnings Yield (Joel Greenblatt) % is ranked better than 65.6% of 500
companies
in the Insurance industry
Industry Median: 6.505
vs STU:COS: 11.85
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) %. CNO Financial Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 36.89%. 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.
CNO Financial Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for CNO Financial Group'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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CNO Financial Group Earnings Yield (Joel Greenblatt) % Chart
For the Insurance - Life subindustry, CNO Financial Group'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.
CNO Financial Group's Earnings Yield (Joel Greenblatt) % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, CNO Financial Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CNO Financial Group's Earnings Yield (Joel Greenblatt) % falls into.
CNO Financial Group 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.
CNO Financial Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
CNO Financial Group'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 €693 Mil.
CNO Financial Group (STU:COS) 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.
CNO Financial Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of CNO Financial Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
CNO Financial Group (STU:COS) Business Description
CNO Financial Group Inc is a holding company for a group of insurance companies that offers middle-income American consumers insurance and securities products through exclusive agents, independent producers, and direct marketing. Consumers are served through the phone, online, mail, face-to-face with agents, or sales channels. The company's operating segments include annuity, health, and life insurance product lines as well as the investment and fee revenue segments. Maximum revenue is generated from the health product line segment. Annuity premiums account for the majority of the total premiums collected. Annuity products include fixed index annuities, traditional fixed-rate annuities, and single-premium immediate annuity products.
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