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Meta Platforms Earnings Yield (Joel Greenblatt) %

: 7.65% (As of Mar. 2022)
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Meta Platforms's Enterprise Value for the quarter that ended in Mar. 2022 was $573,648 Mil. Meta Platforms's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 was $43,899 Mil. Meta Platforms's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2022 was 7.65%.

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

FB' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.62   Med: 3.6   Max: 9.24
Current: 8.65

During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Meta Platforms was 9.24%. The lowest was 0.62%. And the median was 3.60%.

FB's Earnings Yield (Joel Greenblatt) % is ranked better than
72.95% of 621 companies
in the Interactive Media industry
Industry Median: 1.64 vs FB: 8.65

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) %. Meta Platforms's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2022 was 23.74%. 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.


Meta Platforms Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Meta Platforms'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.

Meta Platforms Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.37 7.47 4.43 4.49 5.27

Meta Platforms Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 4.87 4.79 5.20 5.27 7.65

Competitive Comparison

For the Internet Content & Information subindustry, Meta Platforms'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.

   

Meta Platforms Earnings Yield (Joel Greenblatt) % Distribution

For the Interactive Media industry and Communication Services sector, Meta Platforms's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Meta Platforms 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.

Meta Platformss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=46753/887810.35
=5.27 %

Meta Platforms's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $43,899 Mil.



Meta Platforms  (NAS:FB) 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.


Meta Platforms Earnings Yield (Joel Greenblatt) % Related Terms

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


Meta Platforms Business Description

Meta Platforms logo
Industry
Address
1601 Willow Road, Menlo Park, CA, USA, 94025
Meta is the world's largest online social network, with 2.5 billion monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. On the video side, the firm is in the process of building a library of premium content and monetizing it via ads or subscription revenue. Meta refers to this as Facebook Watch. The firm's ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm's total revenue, with 50% coming from the U.S. and Canada and 25% from Europe. With gross margins above 80%, Meta operates at a 30%-plus margin.
Executives
Newstead Jennifer officer: VP and General Counsel C/O FACEBOOK, INC. 1601 WILLOW ROAD MENLO PARK CA 94025
Fischer David B. officer: Chief Revenue Officer C/O FACEBOOK, INC. 1601 WILLOW ROAD MENLO PARK CA 94025
Wehner David M. officer: Chief Financial Officer C/O FACEBOOK, INC. 1601 WILLOW ROAD MENLO PARK CA 94025
Taylor Susan J.s. officer: Chief Accounting Officer C/O LINKEDIN CORPORATION 2029 STIERLIN COURT MOUNTAIN VIEW CA 94043
Kimmitt Robert M director C/O FACEBOOK, INC. 1601 WILLOW ROAD MENLO PARK CA 94025
Travis Tracey Thomas director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: TRAVIS TRACEY THOMAS a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Sandberg Sheryl director, officer: Chief Operating Officer 1 FACEBOOK WAY MENLO PARK CA 94025
Killefer Nancy director 3170 FAIRVIEW PARK DRIVE FALLS CHURCH VA 22042
Houston Andrew director 333 BRANNAN STREET SAN FRANCISCO CA 94107
Schroepfer Michael Todd officer: Chief Technology Officer C/O FACEBOOK INC. 1601 WILLOW ROAD MENLO PARK CA 94025
Cox Christopher K officer: Chief Product Officer C/O FACEBOOK, INC. 1601 WILLOW ROAD MENLO PARK CA 94025
Andreessen Marc L director C/O ARNOLD & PORTER LLP 3 EMBARCADERO CENTER 7TH FLOOR SAN FRANCISCO CA 94111
Alford Peggy director 435 TASSO STREET PALO ALTO CA 94301
Thiel Peter director 9200 SUNSET BOULEVARD SUITE 1110 WEST HOLLYWOOD CA 90069
Zients Jeffrey D director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: ZIENTS JEFFREY D a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}

Meta Platforms Headlines

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