Campbell Soup Co's Enterprise Value for the quarter that ended in Jan. 2024 was $17,657 Mil.
Campbell Soup Co's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $1,205 Mil. Campbell Soup Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 6.83%.
The historical rank and industry rank for Campbell Soup Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CPB'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.84 Med: 6.05 Max: 8.97
Current: 6.98
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Campbell Soup Co was 8.97%. The lowest was 3.84%. And the median was 6.05%.
CPB's Earnings Yield (Joel Greenblatt) % is ranked better than 61.62% of 1941
companies
in the Consumer Packaged Goods industry
Industry Median: 5.05
vs CPB: 6.98
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) %. Campbell Soup Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 was 10.72%. 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.
Campbell Soup Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Campbell Soup 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.
Campbell Soup Co Annual Data
Trend
Jul14
Jul15
Jul16
Jul17
Jul18
Jul19
Jul20
Jul21
Jul22
Jul23
Earnings Yield (Joel Greenblatt) %
4.69
5.40
8.39
5.91
7.14
Campbell Soup Co Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Earnings Yield (Joel Greenblatt) %
6.28
5.85
7.14
7.43
6.83
Competitive Comparison
For the Packaged Foods subindustry, Campbell Soup 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.
Campbell Soup Co Earnings Yield (Joel Greenblatt) % Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, Campbell Soup Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Campbell Soup Co's Earnings Yield (Joel Greenblatt) % falls into.
Campbell Soup 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.
Campbell Soup Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jul. 2023 is calculated as
Campbell Soup Co'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 $1,205 Mil.
Campbell Soup Co (NYSE:CPB) 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.
Campbell Soup Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Campbell Soup Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Campbell Soup Co (Campbell Soup Co) Business Description
With a history that dates back around 150 years, Campbell Soup is now a leading manufacturer and marketer of branded convenience food products, most notably soup. The firm's product assortment includes well-known brands like Campbell's, Pace, Prego, Swanson, V8, and Pepperidge Farm. Following the sale of its international snacking operations in calendar 2019, the firm derives nearly all of its sales from the United States. Campbell has made a handful of acquisitions to reshape its product mix in the past several years, including the tie-up with Snyder's-Lance in March 2018, which enhanced its exposure to the faster-growing on-trend snack food aisle, complementing its Pepperidge Farm lineup.
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