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Seaboard Earnings Yield (Joel Greenblatt) %

: 9.38% (As of Jun. 2022)
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Seaboard's Enterprise Value for the quarter that ended in Jun. 2022 was $5,054 Mil. Seaboard's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $474 Mil. Seaboard's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 9.38%.

The historical rank and industry rank for Seaboard's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

SEB' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.84   Med: 10.69   Max: 23.99
Current: 9

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Seaboard was 23.99%. The lowest was 0.84%. And the median was 10.69%.

SEB's Earnings Yield (Joel Greenblatt) % is ranked better than
59.73% of 514 companies
in the Conglomerates industry
Industry Median: 6.70 vs SEB: 9.00

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) %. Seaboard's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 10.75%. 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.


Seaboard Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Seaboard'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.

Seaboard Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.92 1.55 6.62 8.97 13.37

Seaboard Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.27 13.89 13.37 11.55 9.38

Competitive Comparison

For the Conglomerates subindustry, Seaboard'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.

   

Seaboard Earnings Yield (Joel Greenblatt) % Distribution

For the Conglomerates industry and Industrials sector, Seaboard's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Seaboard's Earnings Yield (Joel Greenblatt) % falls into.



Seaboard 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.

Seaboards Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=649/4857.6809078
=13.36 %

Seaboard's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $474 Mil.



Seaboard  (AMEX:SEB) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Seaboard Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Seaboard's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Seaboard Business Description

Seaboard logo
Industry
Traded in Other Exchanges
Address
9000 West 67th Street, Merriam, KS, USA, 66202
Seaboard Corp is a conglomerate of food production and transportation businesses. The group operates six business segments: pork, commodity trading and milling, marine, sugar and alcohol, power, and turkey. The group offers hog production and pork processing, biodiesel production, agriculture commodity trading, agriculture commodity processing and logistics, grain and feed milling, cargo shipping, sugarcane production, alcohol production, sugar refining, power production, turkey production and processing, and production of jalapeno peppers. The largest end markets by revenue are the Caribbean and Central and South America.
Executives
Shifman Frances B director 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Vacas Jacques Emma Alejandra officer: Assistant Treasurer 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Hubler James T officer: Assoc. Gen Counsel & Asst. Sec 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Hodes Benjamin R officer: Vice President, Finance 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Loudon Elizabeth A officer: Vice President, Tax 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Warner John B officer: Vice President-Human Resources 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Hoskins Adriana N officer: Vice President and Treasurer 9000 WEST 67TH STREET MERRIAM KS 66202
Brown Peter B officer: Pres. & CEO, Seaboard Foods 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Bresky Jacob A. officer: Vice Pres-Business Development 9000 WEST 67TH STREET 3RD FLOOR SHAWNEE MISSION KS 66202
Bresky Ellen S. director, 10 percent owner 9000 WEST 67TH STREET 3RD FLOOR SHAWNEE MISSION KS 66202
Baena Douglas W director
Sand Darwin E officer: Pres. & CEO, Seaboard Foods 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Winfield Ivan J. Jr officer: VP-Information Technology 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Squires Paul M. director SEABOARD FLOUR 1320 CENTRE STREET, SUITE 200 NEWTON CENTER MA 02459
Trollinger Michael D. officer: VP, Corporate Controller, CAO 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
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