Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Webco Industries's Enterprise Value for the quarter that ended in Jul. 2023 was $221.1 Mil.
Webco Industries's EBIT for the trailing twelve months (TTM) ended in Jul. 2023 was $38.9 Mil. Webco Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jul. 2023 was 17.61%.
The historical rank and industry rank for Webco Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
WEBC's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Steel industry.
Industry Median: 5.68 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Webco Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Jul. 2023 was 23.60%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.
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.
Webco Industries Earnings Yield (Joel Greenblatt) % Related Terms
Webco Industries Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Webco Industries'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.
For the Steel subindustry, Webco Industries'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.
Webco Industries Earnings Yield (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Webco Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Webco Industries'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.
Webco Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jul. 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.
What does a Earnings Yield (Joel Greenblatt) % of 17.61% mean?
Webco Industries (WEBC) has a Earnings Yield (Joel Greenblatt) % of 17.61% as of Jul. 2023. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Webco Industries and its competitors.
Is Webco Industries' Earnings Yield (Joel Greenblatt) % too high?
Webco Industries' current Earnings Yield (Joel Greenblatt) % is 17.61%. The Steel industry median Earnings Yield (Joel Greenblatt) % is 5.68. Webco Industries' value of 17.61% is 210% above this industry median. Overall, Webco Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Webco Industries' Earnings Yield (Joel Greenblatt) % compare to ACNT and FRD?
Webco Industries' Earnings Yield (Joel Greenblatt) % of 17.61% can be compared against companies in the Steel industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.68. Webco Industries' value of 17.61% is 210% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Steel company?
The median Earnings Yield (Joel Greenblatt) % among Steel companies is 5.68, based on 631 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Webco Industries's current Earnings Yield (Joel Greenblatt) % of 17.61% is 210% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Webco Industries and its competitors. For the Steel industry, the median Earnings Yield (Joel Greenblatt) % is 5.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Webco Industries's current Earnings Yield (Joel Greenblatt) % is 17.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Webco Industries stock overvalued right now?
Webco Industries (WEBC) has a current Earnings Yield (Joel Greenblatt) % of 17.61%. The current Earnings Yield (Joel Greenblatt) % is 17.61% and 210% above the Steel industry median of 5.68. Webco Industries' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Webco Industries (WEBC), the current Earnings Yield (Joel Greenblatt) % is 17.61% as of Jul. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Webco Industries Inc is a specialty manufacturer and seller of high-quality carbon and stainless steel tubing products that are designed to industry and customer specifications. The company's products includes Welded tubing; Cold drawn- Welded and Cold drawn- Seamless. Its value-added services include bending, custom mill length, end formed/swaged, finning, heat treating, packaging, precision cutting, product availability and responsiveness.
12GF Score
Get the complete analysis for WEBC
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WEBC has been successfully added to your 
