What is MKS Instruments Earnings Yield (Joel Greenblatt) %?
MKS Instruments's Enterprise Value for the quarter that ended in Dec. 2023 was $11,031 Mil.
MKS Instruments's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-1,572 Mil. MKS Instruments's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -14.25%.
The historical rank and industry rank for MKS Instruments's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MKSI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.35 Med: 6.82 Max: 17.44
Current: -12.84
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of MKS Instruments was 17.44%. The lowest was -16.35%. And the median was 6.82%.
MKSI's Earnings Yield (Joel Greenblatt) % is ranked worse than 88.46% of 2478
companies
in the Hardware industry
Industry Median: 3.265
vs MKSI: -12.84
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) %. MKS Instruments'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.
MKS Instruments Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for MKS Instruments'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 MKS Instruments's Earnings Yield (Joel Greenblatt) %
For the Scientific & Technical Instruments subindustry, MKS Instruments'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.
MKS Instruments's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, MKS Instruments's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MKS Instruments'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.
MKS Instrumentss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
MKS Instruments'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 $-1,572 Mil.
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.
MKS Instruments Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of MKS Instruments's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
MKS Instruments (MKS Instruments) Business Description
MKS Instruments Inc is engaged in providing instruments, subsystems, and process control systems used to measure, monitor, deliver, and control parameters of manufacturing processes. The company's product portfolio includes instruments, components, and systems required in manufacturing products such as flat panel displays, medical devices, and electronic materials, among others used in industrial technologies, semiconductor, life and health sciences, and research and defense markets. The company organizes itself into three reportable business segments: Vacuum Solutions, Photonics Solutions, and Materials Solutions. The Vacuum Solutions segment contributes to roughly half of the company's revenue, and the majority of its revenue is earned in the United States.
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