What is Franklin Covey Co Earnings Yield (Joel Greenblatt) %?
Franklin Covey Co's Enterprise Value for the quarter that ended in Feb. 2024 was $476.3 Mil.
Franklin Covey Co's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was $25.1 Mil. Franklin Covey Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 5.28%.
The historical rank and industry rank for Franklin Covey Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.9 Med: 2.97 Max: 8.01
Current: 5.11
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Franklin Covey Co was 8.01%. The lowest was -2.90%. And the median was 2.97%.
FC's Earnings Yield (Joel Greenblatt) % is ranked worse than 51.7% of 265
companies
in the Education industry
Industry Median: 5.41
vs FC: 5.11
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) %. Franklin Covey Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 was 26.07%. 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.
Franklin Covey Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Franklin Covey 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.
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Franklin Covey Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Franklin Covey Co's Earnings Yield (Joel Greenblatt) %
For the Education & Training Services subindustry, Franklin Covey 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.
Franklin Covey Co's Earnings Yield (Joel Greenblatt) % Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Franklin Covey Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Franklin Covey Co's Earnings Yield (Joel Greenblatt) % falls into.
Franklin Covey 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.
Franklin Covey Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2023 is calculated as
Franklin Covey Co's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $25.1 Mil.
Franklin Covey Co (NYSE:FC) 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.
Franklin Covey Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Franklin Covey Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Franklin Covey Co (Franklin Covey Co) Business Description
Franklin Covey Co is a global company focused on organizational performance improvement. It focuses on providing time management and effectiveness training for individuals and corporations via online training as well as in-person workshops and events. The company provides training and consulting services in the areas of leadership, execution, productivity, trust, sales performance, customer loyalty, and educational improvement. It operates in the business segments of Direct Offices, Education practice, and International Licensees. The company derives revenue from providing training and consulting services, and through the selling of books, audio media, and other related products. It has a business presence in the United States and other international countries.
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