What is Washington Gas Light Co Earnings Yield (Joel Greenblatt) %?
Washington Gas Light Co's Enterprise Value for the quarter that ended in . 20 was $0.00 Mil.
Washington Gas Light Co does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in . 20. Therefore, GuruFocus does not calculate Washington Gas Light Co's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for Washington Gas Light Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 0 years, the highest Earnings Yield (Joel Greenblatt) of Washington Gas Light Co was 12.50%. The lowest was 0.00%. And the median was 8.90%.
WGLCO.PFD's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Utilities - Regulated industry.
Industry Median: 6.435 * 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) %. Washington Gas Light Co's Forward Rate of Return (Yacktman) % for the quarter that ended in . 20 was 0.00%. 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.
Washington Gas Light Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Washington Gas Light Co'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.
Washington Gas Light Co Earnings Yield (Joel Greenblatt) % Chart
Washington Gas Light Co Annual Data
Trend
Earnings Yield (Joel Greenblatt) %
Washington Gas Light Co Quarterly Data
Earnings Yield (Joel Greenblatt) %
Competitive Comparison of Washington Gas Light Co's Earnings Yield (Joel Greenblatt) %
For the Utilities - Regulated Gas subindustry, Washington Gas Light Co'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.
Washington Gas Light Co's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Washington Gas Light Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Washington Gas Light Co's Earnings Yield (Joel Greenblatt) % falls into.
Washington Gas Light Co 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.
Washington Gas Light Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in . 20 is calculated as
Washington Gas Light Co (OTCPK:WGLCO.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.
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