What is LCI Industries Earnings Yield (Joel Greenblatt) %?
LCI Industries's Enterprise Value for the quarter that ended in Dec. 2023 was €3,866 Mil.
LCI Industries's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was €115 Mil. LCI Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 2.92%.
The historical rank and industry rank for LCI Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:0DI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.23 Med: 7.28 Max: 19.15
Current: 3.29
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of LCI Industries was 19.15%. The lowest was 2.23%. And the median was 7.28%.
FRA:0DI's Earnings Yield (Joel Greenblatt) % is ranked worse than 64.4% of 1306
companies
in the Vehicles & Parts industry
Industry Median: 5.695
vs FRA:0DI: 3.29
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) %. LCI Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 18.42%. 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.
LCI Industries Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for LCI 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.
Competitive Comparison of LCI Industries's Earnings Yield (Joel Greenblatt) %
For the Recreational Vehicles subindustry, LCI 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.
LCI Industries's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, LCI Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where LCI 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.
LCI Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
LCI 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 €115 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.
LCI Industries Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of LCI Industries's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
LCI Industries Inc supplies domestically and internationally components for the original equipment manufacturers of recreational vehicles and adjacent industries including buses; trailers used to haul boats, livestock, equipment and other cargo. It has two reportable segments the original equipment manufacturers segment and the aftermarket segment. The OEM Segment manufactures or distributes components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; trucks; pontoon boats; trains; manufactured homes; and modular housing. Its products are sold primarily to major manufacturers of RVs such as Thor Industries, Forest River, Winnebago and other RV OEMs, and to manufacturers in adjacent industries.
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