What is Hollywood Bowl Group Earnings Yield (Joel Greenblatt) %?
Hollywood Bowl Group's Enterprise Value for the quarter that ended in Sep. 2023 was £566.7 Mil.
Hollywood Bowl Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was £55.5 Mil. Hollywood Bowl Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 9.79%.
The historical rank and industry rank for Hollywood Bowl Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LSE:BOWL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.59 Med: 7.01 Max: 14.31
Current: 7.73
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Hollywood Bowl Group was 14.31%. The lowest was 1.59%. And the median was 7.01%.
LSE:BOWL's Earnings Yield (Joel Greenblatt) % is ranked better than 71.04% of 853
companies
in the Travel & Leisure industry
Industry Median: 4.21
vs LSE:BOWL: 7.73
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) %. Hollywood Bowl Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 was 21.08%. 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.
Hollywood Bowl Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Hollywood Bowl 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.
* Premium members only.
Hollywood Bowl Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Hollywood Bowl Group's Earnings Yield (Joel Greenblatt) %
For the Leisure subindustry, Hollywood Bowl 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.
Hollywood Bowl Group's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Hollywood Bowl Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hollywood Bowl Group's Earnings Yield (Joel Greenblatt) % falls into.
Hollywood Bowl 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.
Hollywood Bowl Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 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.
Hollywood Bowl Group (LSE:BOWL) 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.
Hollywood Bowl Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Hollywood Bowl Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hollywood Bowl Group (LSE:BOWL) Business Description
Hollywood Bowl Group PLC is a ten-pin bowling operator across the United Kingdom under the Hollywood Bowl, Splitsville and Puttstars brands. The company specializes in operating bowling centres, located on out of town multi-use leisure parks and large retail parks with all of the centres occupied by the company on a leasehold basis. The centres are designed to offer a complete family entertainment experience with each centre offering bowling lanes, on-site dining, licensed bars, and family games arcades. The company has two reporting segments, being the provision of ten-pin bowling and mini-golf centres in the United Kingdom which generates the majority of the revenue, and the provision of ten-pin bowling and mini-golf centres and the installation of bowling equipment in Canada.
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