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Art's-Way Manufacturing Co (Art's-Way Manufacturing Co) Earnings Yield (Joel Greenblatt) %

: 3.99% (As of Feb. 2024)
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Art's-Way Manufacturing Co's Enterprise Value for the quarter that ended in Feb. 2024 was $18.54 Mil. Art's-Way Manufacturing Co's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was $0.74 Mil. Art's-Way Manufacturing Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 3.99%.

The historical rank and industry rank for Art's-Way Manufacturing Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

ARTW' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -27.45   Med: -1.36   Max: 18.61
Current: 3.99

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Art's-Way Manufacturing Co was 18.61%. The lowest was -27.45%. And the median was -1.36%.

ARTW's Earnings Yield (Joel Greenblatt) % is ranked worse than
68.1% of 210 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 6.97 vs ARTW: 3.99

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) %. Art's-Way Manufacturing Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 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.


Art's-Way Manufacturing Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Art's-Way Manufacturing Co'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.

Art's-Way Manufacturing Co Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.92 -16.37 2.51 4.97 9.09

Art's-Way Manufacturing Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.78 9.16 8.83 9.09 3.99

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, Art's-Way Manufacturing Co'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.


Art's-Way Manufacturing Co Earnings Yield (Joel Greenblatt) % Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, Art's-Way Manufacturing Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Art's-Way Manufacturing Co's Earnings Yield (Joel Greenblatt) % falls into.



Art's-Way Manufacturing Co 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.

Art's-Way Manufacturing Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Nov. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=1.679/18.4681002
=9.09 %

Art's-Way Manufacturing Co's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.74 Mil.



Art's-Way Manufacturing Co  (NAS:ARTW) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Art's-Way Manufacturing Co Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Art's-Way Manufacturing Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Art's-Way Manufacturing Co (Art's-Way Manufacturing Co) Business Description

Traded in Other Exchanges
Address
5556 Highway 9, P.O. Box 288, Armstrong, IA, USA, 50514
Art's-Way Manufacturing Co Inc is a manufacturer of agricultural equipment. It has three reportable segments: Agricultural Products, Modular Buildings, and Tools. The Agricultural Products segment fabricates and sells farming products as well as related equipment and replacement parts for these products in the United States and worldwide. Its Modular Buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. The Tools segment manufactures steel cutting tools and inserts. It derives revenues from the Agricultural Products segment.
Executives
Randall C. Ramsey director 5556 HIGHWAY 9, ARMSTRONG IA 50514
Matthew Westendorf director C/O ART'S-WAY MANUFACTURING CO. INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514
David Alan King officer: Executive Vice President C/O ART'S-WAY MANUFACTURING CO. INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514
Mcconnell J Ward Jr director, 10 percent owner
Michael William Woods officer: Controller C/O ART'S WAY MANUFACTURING CO., INC., 5556 HIGHWAY 9, ARMSTRONG IA 50514
Marc H Mcconnell director 1118 N QUEEN ST, KINSTON NC 28501
David Allan White director C/O 5556 HIGHWAY 8, ARMSTRONG IA 50514
Carrie L. Gunnerson officer: President and CEO 5556 HIGHWAY 9, ARMSTRONG IA 50514
Joseph R Dancy director 1007 BEAVER CREEK, DUNCANVILLE TX 75137
Michael Furness officer: Director of Finance 5556 HIGHWAY 9, ARMSTRONG IA 50514
David R Castle director P.O. BOX 1738, LAKEFIELD A6 K0L 2H0
Dean James Droegemueller officer: Director of Finance 5825 VINCENT AVENUE SOUTH, MINNEAPOLIS MN 55410
Fred William Krahmer director 204 LAKE AVENUE, SUITE 201, FAIRMONT MN 56031
Thomas E Buffamante director 6863 WOODLAND DRIVE NORTH, GREAT VALLEY NY 14741
Douglas Richard Mcclellan director