What is Forest City Realty Trust Earnings Yield (Joel Greenblatt) %?
Forest City Realty Trust's Enterprise Value for the quarter that ended in Sep. 2018 was $10,049.7 Mil.
Forest City Realty Trust's EBIT for the trailing twelve months (TTM) ended in Sep. 2018 was $829.7 Mil. Forest City Realty Trust's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2018 was 8.31%.
The historical rank and industry rank for Forest City Realty Trust's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FCE.A's Earnings Yield (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 2.845 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Forest City Realty Trust's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2018 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.
Forest City Realty Trust Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Forest City Realty Trust'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.
Forest City Realty Trust Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Forest City Realty Trust's Earnings Yield (Joel Greenblatt) %
For the REIT - Retail subindustry, Forest City Realty Trust'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.
Forest City Realty Trust's Earnings Yield (Joel Greenblatt) % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Forest City Realty Trust's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Forest City Realty Trust's Earnings Yield (Joel Greenblatt) % falls into.
Forest City Realty Trust 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.
Forest City Realty Trusts Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2017 is calculated as
Forest City Realty Trust's EBIT for the trailing twelve months (TTM) ended in Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $829.7 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.
Forest City Realty Trust Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Forest City Realty Trust's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Forest City Realty Trust (Forest City Realty Trust) Business Description
Forest City Realty Trust Inc is engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States. The company's segments include the Commercial Group, Residential Group, Land Development Group and Corporate Activities. It operates mixed-use projects such as residential rental properties, regional malls, specialty/urban retail centers, office and life science buildings and others. In addition, it also engaged in acquiring and sale of both land and developed lots to residential, commercial and industrial clients. Revenue for the group is derived from the source of rental, service and management fees and land sales.
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