What is Butler National Earnings Yield (Joel Greenblatt) %?
Butler National's Enterprise Value for the quarter that ended in Jan. 2024 was $78.91 Mil.
Butler National's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $13.09 Mil. Butler National's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 16.58%.
The historical rank and industry rank for Butler National's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BUKS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.47 Med: 12.66 Max: 32.74
Current: 15.8
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Butler National was 32.74%. The lowest was -2.47%. And the median was 12.66%.
BUKS's Earnings Yield (Joel Greenblatt) % is ranked better than 95.82% of 311
companies
in the Aerospace & Defense industry
Industry Median: 2.55
vs BUKS: 15.80
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) %. Butler National's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 was 17.12%. 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.
Butler National Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Butler National'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.
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Butler National Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Butler National's Earnings Yield (Joel Greenblatt) %
For the Aerospace & Defense subindustry, Butler National'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.
Butler National's Earnings Yield (Joel Greenblatt) % Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Butler National's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Butler National's Earnings Yield (Joel Greenblatt) % falls into.
Butler National 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.
Butler Nationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Apr. 2023 is calculated as
Butler National's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $13.09 Mil.
Butler National (OTCPK:BUKS) 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.
Butler National Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Butler National's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Butler National (Butler National) Business Description
Butler National Corp is engaged in designing, manufacturing and selling, installing, repairing, modifying, overhauling, servicing and distributing a broad portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems. The company's operating segment includes Professional Services and Aerospace Products. It generates maximum revenue from the Aerospace Products segment. The Professional Services segment provides professional management services in the gaming industry, and professional architectural, and engineering services. It has a business presence in North America, Europe, Asia, Australia and other geographical regions.
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