What is G-III Apparel Group Earnings Yield (Joel Greenblatt) %?
G-III Apparel Group's Enterprise Value for the quarter that ended in Jan. 2024 was $1,519 Mil.
G-III Apparel Group's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $280 Mil. G-III Apparel Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 18.45%.
The historical rank and industry rank for G-III Apparel Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
GIII'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10.61 Med: 8.63 Max: 28.77
Current: 19.12
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of G-III Apparel Group was 28.77%. The lowest was -10.61%. And the median was 8.63%.
GIII's Earnings Yield (Joel Greenblatt) % is ranked better than 90.52% of 1086
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.545
vs GIII: 19.12
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) %. G-III Apparel Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 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.
G-III Apparel Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for G-III Apparel Group'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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G-III Apparel Group Earnings Yield (Joel Greenblatt) % Chart
For the Apparel Manufacturing subindustry, G-III Apparel Group'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.
G-III Apparel Group's Earnings Yield (Joel Greenblatt) % Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, G-III Apparel Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where G-III Apparel Group's Earnings Yield (Joel Greenblatt) % falls into.
G-III Apparel Group 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.
G-III Apparel Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2024 is calculated as
G-III Apparel Group's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $280 Mil.
G-III Apparel Group (NAS:GIII) 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.
G-III Apparel Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of G-III Apparel Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
G-III Apparel Group (G-III Apparel Group) Business Description
G-III Apparel Group Ltd is a textile company. It makes a wide range of apparel, footwear, and accessories that it sells under its own brands, licensed brands, and private-label brands. G-III has a substantial portfolio for licensed and proprietary brands, anchored by five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. The company has two reportable operations: Wholesale Operations and Retail Operations. The Wholesale operations segment includes sales of products under brands licensed by us from third parties, as well as sales of products under its own brands and private label brands. The retail operations segment consists primarily of Wilsons Leather, G.H. Bass, and DKNY retail stores. It derives most of its revenues from Wholesale operations.
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