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Alphabet(Google) Earnings Yield (Joel Greenblatt) %

: 6.46% (As of Jun. 2022)
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Alphabet(Google)'s Enterprise Value for the quarter that ended in Jun. 2022 was $1,328,749 Mil. Alphabet(Google)'s EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $85,774 Mil. Alphabet(Google)'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 6.46%.

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

GOOGL' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.47   Med: 4.95   Max: 26.11
Current: 5.86

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Alphabet(Google) was 26.11%. The lowest was 3.47%. And the median was 4.95%.

GOOGL's Earnings Yield (Joel Greenblatt) % is ranked better than
66.78% of 605 companies
in the Interactive Media industry
Industry Median: 1.17 vs GOOGL: 5.86

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) %. Alphabet(Google)'s Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 22.65%. 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.


Alphabet(Google) Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Alphabet(Google)'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.

Alphabet(Google) 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 4.31 5.63 4.85 4.49 5.04

Alphabet(Google) Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 4.96 5.13 5.04 5.14 6.46

Competitive Comparison

For the Internet Content & Information subindustry, Alphabet(Google)'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.

   

Alphabet(Google) Earnings Yield (Joel Greenblatt) % Distribution

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

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



Alphabet(Google) 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.

Alphabet(Google)s Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=91080/1806934.1248
=5.04 %

Alphabet(Google)'s EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $85,774 Mil.



Alphabet(Google)  (NAS:GOOGL) 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.


Alphabet(Google) Earnings Yield (Joel Greenblatt) % Related Terms

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Alphabet(Google) Business Description

Alphabet(Google) logo
Address
1600 Amphitheatre Parkway, Mountain View, CA, USA, 94043
Alphabet Inc is a holding company, with Google, the Internet media giant, as a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads. Google's other revenue is from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue. Sales of hardware such as Chromebooks, the Pixel smartphone, and smart homes products, which include Nest and Google Home, also contribute to other revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), faster Internet access to homes (Google Fiber), self-driving cars (Waymo), and more. Alphabet's operating margin has been 25%-30%, with Google at 30% and other bets operating at a loss.
Executives
Schindler Philipp officer: SVP, Chief Business Officer C/O ALPHABET INC. 1600 AMPHITHEATRE PKWY MOUNTAIN VIEW CA 94568
Walker John Kent officer: SVP, Global Affairs and CLO 1600 AMPHITHEATRE PRKW MOUNTAIN VIEW CA 94043
Raghavan Prabhakar officer: Senior Vice President C/O ALPHABET INC., 1600 AMPHITHEATRE PKWY MOUNTAIN VIEW CA 94043
Arnold Frances director 5200 ILLUMINA WAY SAN DIEGO CA 92122
Washington Robin L director 333 LAKESIDE DRIVE FOSTER CITY CA 94404
O'toole Amie Thuener officer: VP, Chief Accounting Officer C/O ALPHABET INC. 1600 AMPHITHEATRE PKWY MOUNTAIN VIEW CA 94043
Lee Antonio 10 percent owner, other: Investor/Large Shareholder 4009 216TH STREET MATTESON IL 60443
Ferguson Roger W. Jr. director CORNING INCORPORATED ONE RIVERFRONT PLAZA CORNING NY 14831
Campbell James Grier officer: VP, Alphabet Corp. Controller 1600 AMPHITHEATRE PKWY MOUNTAIN VIEW CA 94043
Hennessy John L director
Mulally Alan R director P.O. BOX 995 MERCER ISLAND WA 98040
Shriram Kavitark Ram director 1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043
Mather Ann director
Tilghman Shirley M director GOOGLE INC. 1600 AMPHITHEATRE PARKWAY MOUNTAIN VIEW CA 94043
Otellini Paul S director 2200 MISSION COLLEGE BLVD RNB-4-151 SANTA CLARA CA 95054

Alphabet(Google) Headlines

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