What is TUI AG Earnings Yield (Joel Greenblatt) %?
TUI AG's Enterprise Value for the quarter that ended in Dec. 2023 was £4,638 Mil.
TUI AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was £1,046 Mil. TUI AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 22.78%.
The historical rank and industry rank for TUI AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LSE:TUI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -923.33 Med: 10.93 Max: 5927.6
Current: 27.81
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of TUI AG was 5927.60%. The lowest was -923.33%. And the median was 10.93%.
LSE:TUI's Earnings Yield (Joel Greenblatt) % is ranked better than 94.61% of 853
companies
in the Travel & Leisure industry
Industry Median: 4.21
vs LSE:TUI: 27.81
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) %. TUI AG'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.
TUI AG Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for TUI AG'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 TUI AG's Earnings Yield (Joel Greenblatt) %
For the Travel Services subindustry, TUI AG'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.
TUI AG's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, TUI AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TUI AG's Earnings Yield (Joel Greenblatt) % falls into.
TUI AG 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.
TUI AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as
TUI AG'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 £1,046 Mil.
TUI AG (LSE:TUI) 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.
TUI AG Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of TUI AG's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
TUI AG is a leisure and tourism company that operates airlines, cruises, tours, hotels, and resorts globally. The company organizes itself into six segments: Northern region, Central region, Western region, hotels and resorts, TUI Musement and cruises. Northern region principally comprises TUI's tour operators, airlines, and cruise business in the U.K., Ireland, and the Nordics. Central region includes the company's tour operators in Germany, Australia, Switzerland, and Poland, and the TUI fly airline. Western region includes TUI tour operators and airlines in Belgium and the Netherlands, and tour operators in France. The Northern, Central, and Western regions are the segments by revenue, in that order, and collectively constitute the vast majority of revenue.
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