What is Bluegreen Vacations Holding Earnings Yield (Joel Greenblatt) %?
Bluegreen Vacations Holding's Enterprise Value for the quarter that ended in Sep. 2023 was $1,473.9 Mil.
Bluegreen Vacations Holding's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $173.2 Mil. Bluegreen Vacations Holding's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 11.75%.
The historical rank and industry rank for Bluegreen Vacations Holding's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BVH'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.24 Med: 11.73 Max: 19.8
Current: 8.31
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Bluegreen Vacations Holding was 19.80%. The lowest was -1.24%. And the median was 11.73%.
BVH's Earnings Yield (Joel Greenblatt) % is not ranked
in the Travel & Leisure industry.
Industry Median: 4.285
vs BVH: 8.31
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) %. Bluegreen Vacations Holding's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 was 18.41%. 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.
Bluegreen Vacations Holding Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Bluegreen Vacations Holding'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 Resorts & Casinos subindustry, Bluegreen Vacations Holding'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.
Bluegreen Vacations Holding's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Bluegreen Vacations Holding's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bluegreen Vacations Holding'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.
Bluegreen Vacations Holdings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Bluegreen Vacations Holding's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $173.2 Mil.
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.
Bluegreen Vacations Holding Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Bluegreen Vacations Holding's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bluegreen Vacations Holding (Bluegreen Vacations Holding) Business Description
Bluegreen Vacations Holding Corp is a vacation ownership company that markets and sells vacation ownership interests (VOIs) & manages resorts in popular leisure and urban destinations. The firm operates in two segments: Sales of VOIs and financing & Resort Operations and Club Management. The majority is from the Sales of VOIs and financing segment. The Sales of VOIs and Financing segment includes the Company's marketing and sales activities related to the VOIs that are owned by the Company, VOIs acquired under just-in-time and secondary market inventory arrangements, or sales of VOIs through fee-for-service arrangements with third-party developers, as well as consumer financing activities in connection with sales of VOIs owned by the Company, and title services operations.
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