What is American Tower Earnings Yield (Joel Greenblatt) %?
American Tower's Enterprise Value for the quarter that ended in Sep. 2024 was €141,063 Mil.
American Tower's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was €3,656 Mil. American Tower's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was 2.52%.
The historical rank and industry rank for American Tower's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
WBO:AMTG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.48 Med: 2.23 Max: 2.97
Current: 2.95
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of American Tower was 2.97%. The lowest was 1.48%. And the median was 2.23%.
WBO:AMTG's Earnings Yield (Joel Greenblatt) % is ranked better than 50.46% of 983
companies
in the REITs industry
Industry Median: 2.92
vs WBO:AMTG: 2.95
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) %. American Tower's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 was 10.26%. 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.
American Tower Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for American Tower'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.
American Tower Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of American Tower's Earnings Yield (Joel Greenblatt) %
For the REIT - Specialty subindustry, American Tower'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.
American Tower's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, American Tower's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where American Tower's Earnings Yield (Joel Greenblatt) % falls into.
American Tower 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.
American Towers Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
American Tower's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €3,656 Mil.
American Tower (WBO:AMTG) 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.
American Tower Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of American Tower's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
American Tower owns and operates more than 220,000 cell towers throughout the us, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 us markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the us, which accounted for almost half of the company's total revenue in 2023. Outside the us, American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as a REIT.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
WBO:AMTG has been successfully added to your 