Greif's Enterprise Value for the quarter that ended in Jan. 2024 was $6,233 Mil.
Greif's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $498 Mil. Greif's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 7.99%.
The historical rank and industry rank for Greif's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
GEF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.21 Med: 6.93 Max: 12.13
Current: 9.17
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Greif was 12.13%. The lowest was 4.21%. And the median was 6.93%.
GEF's Earnings Yield (Joel Greenblatt) % is ranked better than 70.22% of 403
companies
in the Packaging & Containers industry
Industry Median: 5.74
vs GEF: 9.17
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) %. Greif's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 was 20.91%. 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.
Greif Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Greif'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 Greif's Earnings Yield (Joel Greenblatt) %
For the Packaging & Containers subindustry, Greif'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.
Greif's Earnings Yield (Joel Greenblatt) % Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Greif's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Greif'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.
Greifs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Oct. 2023 is calculated as
Greif's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $498 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.
Greif Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Greif's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Greif Inc is a producer of industrial packaging products and services with manufacturing facilities located in many countries. It offers a comprehensive line of rigid industrial packaging products, such as steel, fiber, and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, blending, filling, logistics, warehousing, and other packaging services. The company operates in three reportable business segments including Global Industrial Packaging, Paper Packaging and Services, and Land Management. It operates in North and Latin America, Europe, Middle East, Africa and Asia Pacific regions.
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