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IDEX (NYSE:IEX) Earnings Yield (Joel Greenblatt) %

: 4.72% (As of Dec. 2023)
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IDEX's Enterprise Value for the quarter that ended in Dec. 2023 was $17,210 Mil. IDEX's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $812 Mil. IDEX's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 4.72%.

The historical rank and industry rank for IDEX's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

IEX' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.59   Med: 4.63   Max: 7.62
Current: 4.51

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of IDEX was 7.62%. The lowest was 2.59%. And the median was 4.63%.

IEX's Earnings Yield (Joel Greenblatt) % is ranked worse than
51.89% of 3014 companies
in the Industrial Products industry
Industry Median: 4.77 vs IEX: 4.51

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) %. IDEX's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 13.76%. 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.


IDEX Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for IDEX'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.

IDEX Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.31 3.37 3.36 4.29 4.72

IDEX Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.29 4.27 4.58 5.03 4.72

Competitive Comparison

For the Specialty Industrial Machinery subindustry, IDEX'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.


IDEX Earnings Yield (Joel Greenblatt) % Distribution

For the Industrial Products industry and Industrials sector, IDEX's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where IDEX's Earnings Yield (Joel Greenblatt) % falls into.



IDEX 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.

IDEXs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=812/17210.252305
=4.72 %

IDEX'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 $812 Mil.



IDEX  (NYSE:IEX) 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.


IDEX Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of IDEX's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


IDEX (NYSE:IEX) Business Description

Industry
Traded in Other Exchanges
Address
3100 Sanders Road, Suite 301, Northbrook, IL, USA, 60062
Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm's business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $3.2 billion in revenue and $763 million in adjusted operating income in 2022.
Executives
Alejandro Quiroz director 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Roopa Unnikrishnan officer: SVP, Strategy&Corp Development 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Marc Uleman officer: Senior VP, Group Executive HST 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
William K Grogan officer: SVP - Chief Financial Officer 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Melissa Aquino officer: Former SVP, Group Exec FMT&FSD 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Livingston Satterthwaite director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Eric D Ashleman officer: SVP - Chief Operating Officer 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Stanfield Paris Watts director 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Carl R Christenson director C/O ALTRA INDUSTRIAL MOTION INC., 300 GRANITE STREET, BRAINTREE MA 02184
Katrina L Helmkamp director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
William M Cook director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Mark A Buthman director P O BOX 619100, DALLAS TX 752619100
Lakecia N Gunter director 3100 SANDER ROAD, SUITE 301, NORTHBROOK IL 60062
Mark A Beck director 2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037
David C Parry director 155 HARLEM AVE., GLENVIEW IL 60025