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Forward Industries's Enterprise Value for the quarter that ended in Dec. 2023 was $8.31 Mil. Forward Industries's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $0.32 Mil. Forward Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 3.90%.
The historical rank and industry rank for Forward Industries'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 Forward Industries was 27.73%. The lowest was -203.75%. And the median was 1.82%.
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) %. Forward Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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 Forward Industries'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.
For the Footwear & Accessories subindustry, Forward Industries'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 Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Forward Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Forward Industries'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.
Forward Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | 0.283 | / | 8.82053648 | |
= | 3.21 % |
Forward Industries's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.32 Mil.
Forward Industries (NAS:FORD) 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 Forward Industries's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kathleen Weisberg | officer: Chief Financial Officer | 700 VETERANS MEMORIAL HWY, SUITE 100, HAUPPAUGE NY 11788 |
Sangita Shah | director | C/O FORWARD INDUSTRIES, INC., 477 ROSEMARY AVE., STE. 219, WEST PALM BEACH FL 33401 |
Sharon Hemond Hrynkow | director | 4816 KING SOLOMON DRIVE, ANNADALE VA 22003 |
James W Zigler | director | |
Wild Robert W Jr. | officer: COO of Subsidiary | 700 VETERANS HWY, SUITE 100, HAUPPAUGE NY 11788 |
Mitchell Maiman | officer: President of Subsidiary | 700 VETERANS MEMORIAL HIGHWAY, SUITE 100, HAUPPAUGE NY 11788 |
Paul Jean Severino | officer: COO of Subsidiary | 700 VETERANS MEMORIAL HIGHWAY, SUITE 100, HAUPPAUGE NY 11788 |
Thomas Edward Kramer | officer: CEO to Subsidiary | 8560 COTTONWOOD ST. NW, SUITE 100, MINNEAPOLIS MN 55433 |
Anthony Camarda | officer: Chief Financial Officer | 700 VETERANS HWY, SUITE 100, HAUPPAUGE NY 11788 |
Douglas David Matthews | officer: Sr VP/Chief Operating Officer | 477 S. ROSEMARY AVE., SUITE 219, WEST PALM BEACH FL 33401 |
Jenny P. Yu | 10 percent owner | 9255 DOHENY ROAD, APT. 2905, WEST HOLLYWOOD CA 90069 |
James M Frost | director | 477 S. ROSEMARY AVE., SUITE 219, WEST PALM BEACH FL 33401 |
Michael L. Luetkemeyer | director | 411 LANDMARK DRIVE, WILMINGTON NC 28412 |
Sharon Hrynkow | director | C/O FORWARD INDUSTRIES, INC., 477 ROSEMARY AVE., STE. 219, WEST PALM BEACH FL 33401 |
Michael D Matte | officer: Chief Financial Officer |
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