What is Big 5 Sporting Goods Earnings Yield (Joel Greenblatt) %?
Big 5 Sporting Goods's Enterprise Value for the quarter that ended in Dec. 2023 was $410.3 Mil.
Big 5 Sporting Goods's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-10.7 Mil. Big 5 Sporting Goods's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -2.62%.
The historical rank and industry rank for Big 5 Sporting Goods's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BGFV'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.2 Med: 8.28 Max: 24.83
Current: -3.13
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Big 5 Sporting Goods was 24.83%. The lowest was -3.20%. And the median was 8.28%.
BGFV's Earnings Yield (Joel Greenblatt) % is ranked worse than 79.38% of 1120
companies
in the Retail - Cyclical industry
Industry Median: 4.795
vs BGFV: -3.13
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) %. Big 5 Sporting Goods's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 38.39%. 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.
Big 5 Sporting Goods Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Big 5 Sporting Goods'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.
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Big 5 Sporting Goods Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Big 5 Sporting Goods's Earnings Yield (Joel Greenblatt) %
For the Specialty Retail subindustry, Big 5 Sporting Goods'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.
Big 5 Sporting Goods's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Big 5 Sporting Goods's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Big 5 Sporting Goods's Earnings Yield (Joel Greenblatt) % falls into.
Big 5 Sporting Goods 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.
Big 5 Sporting Goodss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Big 5 Sporting Goods'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 $-10.7 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.
Big 5 Sporting Goods Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Big 5 Sporting Goods's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Big 5 Sporting Goods (Big 5 Sporting Goods) Business Description
Big 5 Sporting Goods Corp is a specialty retailer company that is principally engaged in the sale of sporting goods in the western United States. Its product mix includes athletic shoes, apparel, and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation and roller sports. The company operates solely as a sporting goods retailer, which includes both retail stores and an e-commerce platform. The company operates a distribution center located in Riverside, California, that services all of its stores and e-commerce platform.
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