Schroders's Enterprise Value for the quarter that ended in Dec. 2023 was €2,947 Mil.
Schroders's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was €648 Mil. Schroders's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 22.22%.
The historical rank and industry rank for Schroders's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:PYXB'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.42 Med: 16.28 Max: 747.82
Current: 38.47
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Schroders was 747.82%. The lowest was 5.42%. And the median was 16.28%.
FRA:PYXB's Earnings Yield (Joel Greenblatt) % is ranked better than 96.74% of 1717
companies
in the Asset Management industry
Industry Median: 0
vs FRA:PYXB: 38.47
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) %. Schroders's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 10.73%. 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.
Schroders Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Schroders'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 Asset Management subindustry, Schroders'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.
Schroders Earnings Yield (Joel Greenblatt) % Distribution
For the Asset Management industry and Financial Services sector, Schroders's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Schroders'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.
Schroderss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
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.
Schroders Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Schroders's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Schroders is an independent, U.K.-based, active asset manager founded in 1804. The bulk of Schroders' client assets are from institutions, but its retail operations are more profitable. Schroders has also increasingly expanded its wealth management presence. The U.K. accounts for just under half of Schroders' assets under management, while continental Europe and Asia account for 20% each. In 2013 Schroders purchased the Cazenove private clients business from JP Morgan, expanding its wealth management business. It recently formed a joint venture with Lloyds Bank, Schroders Personal Wealth, to provide independent financial advice to midmarket clients. Wealth management makes up around 15% of earnings and revenue.
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