Apogee Enterprises's Enterprise Value for the quarter that ended in Nov. 2023 was $1,115 Mil.
Apogee Enterprises's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 was $142 Mil. Apogee Enterprises's Earnings Yield (Joel Greenblatt) for the quarter that ended in Nov. 2023 was 12.72%.
The historical rank and industry rank for Apogee Enterprises's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
APOG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.11 Med: 6.99 Max: 13.43
Current: 9.61
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Apogee Enterprises was 13.43%. The lowest was -2.11%. And the median was 6.99%.
APOG's Earnings Yield (Joel Greenblatt) % is ranked better than 67.91% of 1692
companies
in the Construction industry
Industry Median: 6.595
vs APOG: 9.61
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) %. Apogee Enterprises's Forward Rate of Return (Yacktman) % for the quarter that ended in Nov. 2023 was 15.45%. 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.
Apogee Enterprises Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Apogee Enterprises'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 Apogee Enterprises's Earnings Yield (Joel Greenblatt) %
For the Building Products & Equipment subindustry, Apogee Enterprises'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.
Apogee Enterprises Earnings Yield (Joel Greenblatt) % Distribution
For the Construction industry and Industrials sector, Apogee Enterprises's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Apogee Enterprises'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.
Apogee Enterprisess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Feb. 2023 is calculated as
Apogee Enterprises's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $142 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.
Apogee Enterprises Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Apogee Enterprises's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Apogee Enterprises (Apogee Enterprises) Business Description
Apogee Enterprises Inc is a manufacturer of architectural glass and metal glass framings. The company also provides building glass installation services. Its four main business segments are Architectural Framing Systems; Architectural Glass; Architectural Services and Large-Scale Optical Technologies (LSO). It generates maximum revenue from the Architectural Framing Systems segment. The Architectural Framing Systems segment designs, engineers, fabricates and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront and entrance systems comprising the outside skin and entrances of commercial, institutional and high-end multi-family residential buildings. Geographically, it derives a majority of revenue from the United States.
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