The historical rank and industry rank for Infrastructure and Energy Alternatives's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
IEA'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.31 Med: 0.63 Max: 18.64
Current: -4.28
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Infrastructure and Energy Alternatives was 18.64%. The lowest was -9.31%. And the median was 0.63%.
IEA's Earnings Yield (Joel Greenblatt) % is not ranked
in the Construction industry.
Industry Median: 6.43
vs IEA: -4.28
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) %. Infrastructure and Energy Alternatives's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 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.
Infrastructure and Energy Alternatives Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
Infrastructure and Energy Alternatives Earnings Yield (Joel Greenblatt) % Chart
Infrastructure and Energy Alternatives Annual Data
Competitive Comparison of Infrastructure and Energy Alternatives's Earnings Yield (Joel Greenblatt) %
For the Engineering & Construction subindustry, Infrastructure and Energy Alternatives'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.
Infrastructure and Energy Alternatives's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Infrastructure and Energy Alternatives's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Infrastructure and Energy Alternatives's Earnings Yield (Joel Greenblatt) % falls into.
Infrastructure and Energy Alternatives 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.
Infrastructure and Energy Alternatives'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 $-45 Mil.
Infrastructure and Energy Alternatives (NAS:IEA) 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.
Infrastructure and Energy Alternatives Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Infrastructure and Energy Alternatives's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Infrastructure and Energy Alternatives (Infrastructure and Energy Alternatives) Business Description
Infrastructure and Energy Alternatives Inc is a United States-based diversified infrastructure construction company with specialized energy and heavy civil expertise throughout the United States. The company operates in two segments, the Renewables segment and the Specialty Civil segment. The Renewables segment, which is the majority revenue generator, provides complete engineering, procurement and construction services for the renewable energy, traditional power and civil infrastructure industries. The Specialty Civil segment operates throughout the U.S. and specializes in a range of services that create a diverse national platform of construction capabilities.
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