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Dollar Tree's Enterprise Value for the quarter that ended in Jan. 2024 was $38,165 Mil. Dollar Tree's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $-882 Mil. Dollar Tree's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was -2.31%.
The historical rank and industry rank for Dollar Tree's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Dollar Tree was 11.43%. The lowest was -3.72%. And the median was 5.71%.
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) %. Dollar Tree's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 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.
The historical data trend for Dollar Tree'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.
Dollar Tree Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 4.19 | 5.91 | 4.70 | 5.24 | -2.31 |
Dollar Tree 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) % | Get a 7-Day Free Trial | 5.24 | 4.45 | 3.90 | 4.72 | -2.31 |
For the Discount Stores subindustry, Dollar Tree'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.
For the Retail - Defensive industry and Consumer Defensive sector, Dollar Tree's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dollar Tree'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.
Dollar Trees Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2024 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | -881.9 | / | 38165.01234 | |
= | -2.31 % |
Dollar Tree'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 $-882 Mil.
Dollar Tree (NAS:DLTR) 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.
Thank you for viewing the detailed overview of Dollar Tree's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mantle Ridge Lp | other: Director by deputization | 712 FIFTH AVENUE, SUITE 17F, NEW YORK NY 10019 |
Robert Aflatooni | officer: Chief Information Officer | DOLLAR TREE, INC., 500 VOLVO PARKWAY, CHESAPEAKE VA 23328 |
Daniel J Heinrich | director | CLOROX CO, 1221 BROADWAY, OAKLAND CA 94612 |
Jonathan Leiken | officer: Chief Legal Officer | C/O DIEBOLD, INCORPORATED, 5995 MAYFAIR RD., NORTH CANTON OH 44720 |
Diane Randolph | director | 1500 SOLANA BLVD, SUITE 3400, WESTLAKE TX 76262 |
Jennifer Hulett | officer: Chief Human Resources Officer | 1500 SOLANA BLVD., SUITE 3400, WESTLAKE TX 76262 |
Michael J Kindy | officer: Chief Supply Chain Officer | 100 MISSION RIDGE, GOODLETTSVILLE TN 37072 |
Jeffrey A. Davis | officer: Chief Financial Officer | 1200 WILSON DRIVE, WEST CHESTER PA 19380 |
Richard W Dreiling | director, other: Executive Chairman | C/O SAFEWAY INC, 5918 STONERIDGE MALL ROAD, PLEASANTON CA 94588 |
Janet Dhillon | officer: Chief Legal Officer | 111 W RIO SALADO PARKWAY, TEMPE AZ 85281 |
Creedon Michael C Jr | officer: Chief Operating Officer | 833 KEITH ROAD, WAKE FOREST NC 27587 |
John W Flanigan | officer: Chief Supply Chain Officer | 100 MISSION RIDGE, GOODLETTSVILLE TN 37072 |
Gatta Lawrence J. Jr. | officer: Chief Merchandising Officer FD | C/O LONGS DRUG STORES CORPORATION, 141 NORTH CIVIC DRIVE, WALNUT CREEK CA 94596 |
David A. Jacobs | officer: Chief Strategy Officer | 500 VOLVO PARKWAY, CHESAPEAKE VA 23320 |
Kelly Edward J Iii | director | CIT GROUP INC, ONE CIT DRIVE, LIVINGSTON NJ 07039 |
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