What is Breedon Group Earnings Yield (Joel Greenblatt) %?
Breedon Group's Enterprise Value for the quarter that ended in Dec. 2023 was €1,570 Mil.
Breedon Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was €171 Mil. Breedon Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 10.52%.
The historical rank and industry rank for Breedon Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
STU:CQB0'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.73 Med: 4.86 Max: 11.8
Current: 9.89
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Breedon Group was 11.80%. The lowest was 2.73%. And the median was 4.86%.
STU:CQB0's Earnings Yield (Joel Greenblatt) % is ranked better than 68.8% of 391
companies
in the Building Materials industry
Industry Median: 5.81
vs STU:CQB0: 9.89
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) %. Breedon Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 18.19%. 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.
Breedon Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Breedon 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.
* Premium members only.
Breedon Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Breedon Group's Earnings Yield (Joel Greenblatt) %
For the Building Materials subindustry, Breedon 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.
Breedon Group's Earnings Yield (Joel Greenblatt) % Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Breedon Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Breedon Group's Earnings Yield (Joel Greenblatt) % falls into.
Breedon 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.
Breedon Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Breedon Group (STU:CQB0) 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.
Breedon Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Breedon Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Breedon Group PLC is a producer of construction materials. The products include aggregates such as polished stone value stones, sub-base materials and sands for the road construction industry, milled limestones for agricultural applications, asphalt, ready-mix concrete, concrete beams and blocks, and cement. The company also offers surfacing and contracting services, which lays asphalt and other bituminous bound materials. Breedon's customers range from civil engineering businesses over local authorities and utilities companies to homes and smaller businesses. The company generates a majority of its revenue in the United Kingdom.
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