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Cirrus Logic Earnings Yield (Joel Greenblatt) %

: 6.22% (As of Sep. 2021)
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Cirrus Logic's Enterprise Value for the quarter that ended in Sep. 2021 was $4,447 Mil. Cirrus Logic's EBIT for the trailing twelve months (TTM) ended in Sep. 2021 was $276 Mil. Cirrus Logic's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2021 was 6.22%.

The historical rank and industry rank for Cirrus Logic's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

NAS:CRUS' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.79   Med: 6.85   Max: 24.27
Current: 5.89

2.79
24.27

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Cirrus Logic was 24.27%. The lowest was 2.79%. And the median was 6.85%.

NAS:CRUS's Earnings Yield (Joel Greenblatt) % is ranked higher than
67% of the 866 Companies
in the Semiconductors industry.

( Industry Median: 3.29 vs. NAS:CRUS: 5.89 )

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) %. Cirrus Logic's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2021 was 1.25%. 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.


Cirrus Logic Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Cirrus Logic'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.

Cirrus Logic Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.07 11.81 4.32 4.99 5.43

Cirrus Logic Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 4.63 5.08 5.43 5.34 6.22

Competitive Comparison

For the Semiconductors subindustry, Cirrus Logic'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.

   

Cirrus Logic Earnings Yield (Joel Greenblatt) % Distribution

For the Semiconductors industry and Technology sector, Cirrus Logic's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Cirrus Logic's Earnings Yield (Joel Greenblatt) % falls into.



Cirrus Logic 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.

Cirrus Logics Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=246.303/4532.90808
=5.43 %

Cirrus Logic's EBIT for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $276 Mil.



Cirrus Logic  (NAS:CRUS) 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.


Cirrus Logic Earnings Yield (Joel Greenblatt) % Related Terms

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


Cirrus Logic Business Description

Cirrus Logic logo
Industry
Technology » Semiconductors NAICS : 334413 SIC : 3674
Traded in Other Exchanges
Address
800 West 6th Street, Austin, TX, USA, 78701
Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, Japan, Taiwan, and countries across the world.
Executives
Baumgartner Jeffrey W officer: VP of R&D 800 W. 6TH STREET AUSTIN TX 78701
Lego Catherine P director 3787 WOODSIDE ROAD WOODSIDE CA 94062
Carter John C director 800 WEST 6TH STREET AUSTIN TX 78701
Forsyth John officer: President 800 W. 6TH STREET AUSTIN TX 78701
Hanford Deirdre director 700 EAST MIDDLEFIELD ROAD MOUNTAIN VIEW CA 9403
Tupman David J. director 1028 CHURCH ST. SAN FRANCISCO CA 94114
Schuele Alan R director C/O SEVIN ROSEN FUNDS 13455 NOEL RD #1670 DALLAS TX 75240
Dehne Timothy R director C/O NATIONAL INSTRUMENTS 11500 MOPAC BLDG B AUSTIN TX 78759
Davern Alexander M director C/O NATIONAL INSTRUMENTS 11500 MOPAC BLDG C AUSTIN TX 78759
Anderson Scott Arnold officer: Senior VP of Supply Chain 1303 E ALGONQUIN RD SCHAUMBURG IL 60196
Rhode Jason P director, officer: CEO 2901 VIA FORTUNA AUSTIN TX 78746
Fluke Bradley J officer: VP & GM, MEMS Division 400 W CESAR CHAVEZ AUSTIN TX 78701
Case Thurman K officer: VP & CFO C/O CIRUS LOGIC INC 2901 VIA FORTUNA AUSTIN TX 78746
Benson Jodee officer: VP & Chief Culture Office 2901 VIA FORTUNA AUSTIN TX 78746
Thomas Scott officer: SVP General Counsel & Corp C/O CIRRUS LOGIC INC 800 WEST 6TH STREET AUSTIN TX 78701

Cirrus Logic Headlines

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