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The Joint's Enterprise Value for the quarter that ended in Dec. 2023 was $140.4 Mil. The Joint's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $0.6 Mil. The Joint's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.40%.
The historical rank and industry rank for The Joint's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of The Joint was 2.67%. The lowest was -60.64%. And the median was 0.31%.
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) %. The Joint's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 24.30%. 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 The Joint'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.
The Joint Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial |
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1.54 | 1.47 | 0.65 | 0.56 | 0.40 |
The Joint 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) % | Get a 7-Day Free Trial |
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0.56 | 0.26 | 0.79 | 0.50 | 0.40 |
For the Medical Care Facilities subindustry, The Joint'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 Healthcare Providers & Services industry and Healthcare sector, The Joint's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where The Joint'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.
The Joints Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | 0.56 | / | 140.368876 | |
= | 0.40 % |
The Joint'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 $0.6 Mil.
The Joint (NAS:JYNT) 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 The Joint's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bandera Partners Llc | 10 percent owner | 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004 |
Peter D Holt | officer: Chief Operating Officer | 16767 N. PERIMETER DR., SUITE 240, SCOTTSDALE AZ 85260 |
Jake Singleton | officer: Chief Financial Officer | 16767 NORTH PERIMETER DRIVE, SUITE 240, SCOTTSDALE AZ 85260 |
Ronald V Davella | director | 2600 E SOUTHLAKE BLVD., STE 120-359, SOUTHLAKE TX 76092 |
Glenn J Krevlin | 10 percent owner | 600 FIFTH AVE, 11TH FL, NEW YORK NY 10020 |
Matthew E Rubel | director | 3231 SE SIXTH AVENUE, TOPEKA KS 66607 |
Gregory Bylinsky | 10 percent owner | C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004 |
Jefferson Gramm | 10 percent owner | C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004 |
Amos James H. Jr | director | 16767 N. PERIMETER DR., STE. 240, SCOTTSDALE AZ 85260 |
John P Meloun | officer: Chief Financial Officer | 16767 N. PERIMETER DR., STE. 240, SCOTTSDALE AZ 85260 |
Abe Hong | director | 16767 NORTH PERIMETER DRIVE, SUITE 240, SCOTTSDALE AZ 85260 |
Glenhill Advisors Llc | 10 percent owner | 600 FIFTH AVE, 11TH FL, NEW YORK NY 10020 |
Suzanne M Decker | director | 16767 NORTH PERIMETER DRIVE, SUITE 240, SCOTTSDALE AZ 85260 |
Bret Sanders | director | 16767 N. PERIMETER DR., STE. 240, SCOTTSDALE AZ 85260 |
David M Orwasher | officer: President and COO | 242 W 36TH ST, NEW YORK NY 10018 |
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