What is Alpha Metallurgical Resources Earnings Yield (Joel Greenblatt) %?
Alpha Metallurgical Resources's Enterprise Value for the quarter that ended in Dec. 2023 was $4,127 Mil.
Alpha Metallurgical Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $852 Mil. Alpha Metallurgical Resources's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 20.66%.
The historical rank and industry rank for Alpha Metallurgical Resources's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
AMR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -76.94 Med: 11.23 Max: 80.88
Current: 21.51
During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Alpha Metallurgical Resources was 80.88%. The lowest was -76.94%. And the median was 11.23%.
AMR's Earnings Yield (Joel Greenblatt) % is ranked better than 87.36% of 641
companies
in the Steel industry
Industry Median: 6.86
vs AMR: 21.51
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) %. Alpha Metallurgical Resources'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.
Alpha Metallurgical Resources Earnings Yield (Joel Greenblatt) % Historical Data
* 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 Coking Coal subindustry, Alpha Metallurgical Resources'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.
Alpha Metallurgical Resources's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Alpha Metallurgical Resources's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Alpha Metallurgical Resources'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.
Alpha Metallurgical Resourcess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Alpha Metallurgical Resources'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 $852 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.
Alpha Metallurgical Resources Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Alpha Metallurgical Resources's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Alpha Metallurgical Resources (Alpha Metallurgical Resources) Business Description
Alpha Metallurgical Resources Inc is a Tennessee-based coal mining company with operations across Virginia and West Virginia. The company's portfolio of mining operations consists of underground mines, surface mines and coal preparation plants. It produces low-ash metallurgical coal, including High-Vol. A, Mid-Vol., High-Vol. B, and Low-Vol. coal, which is shipped to domestic and international coke and steel producers. The reportable segments of the company are Met. It extracts, processes and markets met and thermal coal from deep and surface mines for sale to steel and coke producers, industrial customers, and electric utilities.
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