Kinsale Capital Group's Enterprise Value for the quarter that ended in Dec. 2023 was $7,821 Mil.
Kinsale Capital Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $394 Mil. Kinsale Capital Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 5.04%.
The historical rank and industry rank for Kinsale Capital Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
KNSL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.9 Med: 3 Max: 4.68
Current: 3.64
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Kinsale Capital Group was 4.68%. The lowest was 0.90%. And the median was 3.00%.
KNSL's Earnings Yield (Joel Greenblatt) % is ranked worse than 55.31% of 490
companies
in the Insurance industry
Industry Median: 5.565
vs KNSL: 3.64
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) %. Kinsale Capital Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 0.00%. 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.
Kinsale Capital Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Kinsale Capital Group'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 Insurance - Property & Casualty subindustry, Kinsale Capital Group'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.
Kinsale Capital Group Earnings Yield (Joel Greenblatt) % Distribution
For the Insurance industry and Financial Services sector, Kinsale Capital Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kinsale Capital Group's Earnings Yield (Joel Greenblatt) % falls into.
Kinsale Capital Group 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.
Kinsale Capital Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Kinsale Capital Group'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 $394 Mil.
Kinsale Capital Group (NYSE:KNSL) 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.
Kinsale Capital Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Kinsale Capital Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kinsale Capital Group (Kinsale Capital Group) Business Description
Kinsale Capital Group Inc is an insurance holding company. The company is engaged in offering property, casualty, and specialty insurance products. It offers specialty insurance products for allied health, healthcare, life sciences, a professional, and a public entity. The company operates in only one reportable segment that is the Excess and Surplus Lines Insurance segment, which includes commercial excess and surplus lines liability and property insurance products through its underwriting divisions. The company generates revenues in the form of premiums and investment income.
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