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Liberty Global Earnings Yield (Joel Greenblatt) %

: 23.58% (As of Jun. 2022)
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Liberty Global's Enterprise Value for the quarter that ended in Jun. 2022 was $21,832 Mil. Liberty Global's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $5,030 Mil. Liberty Global's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 23.58%.

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

LBTYK' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.19   Med: 2.52   Max: 57.72
Current: 22.83

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Liberty Global was 57.72%. The lowest was -4.19%. And the median was 2.52%.

LBTYK's Earnings Yield (Joel Greenblatt) % is ranked better than
92.59% of 405 companies
in the Telecommunication Services industry
Industry Median: 5.18 vs LBTYK: 22.83

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) %. Liberty Global's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 43.18%. 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.


Liberty Global Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Liberty Global'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.

Liberty Global 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 -1.16 3.75 0.42 -2.28 54.64

Liberty Global 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 43.67 46.08 54.64 55.56 23.58

Competitive Comparison

For the Telecom Services subindustry, Liberty Global'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.

   

Liberty Global Earnings Yield (Joel Greenblatt) % Distribution

For the Telecommunication Services industry and Communication Services sector, Liberty Global's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Liberty Global 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=14882.9/27347.53004
=54.42 %

Liberty Global'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 $5,030 Mil.



Liberty Global  (NAS:LBTYK) 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.


Liberty Global Earnings Yield (Joel Greenblatt) % Related Terms

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


Liberty Global Business Description

Liberty Global logo
Address
161 Hammersmith Road, Griffin House, London, GBR, W6 8BS
Liberty Global is a holding company with interests in cable and telecom companies in the U.K., Netherlands, Belgium, Switzerland, Ireland, and Slovakia. Liberty is the owner of the main cable network in each of these geographies and has pursued a strategy since 2016 to merge or partner with mobile-network-operators to be able to offer converged services. Liberty also owns minority stakes in other media, entertainment, and cloud companies.
Executives
Drew Marisa D director 161 HAMMERSMITH ROAD LONDON X0 XO
Sanchez Daniel E. director C/O DISCOVERY, INC. 8403 COLESVILLE ROAD SILVER SPRING MD 20910
Berkshire Hathaway Inc 10 percent owner 3555 FARNAM STREET OMAHA NE 68131
Buffett Warren E 10 percent owner 3555 FARNAM ST STE 1440 OMAHA NE 68131
Salvato Andrea officer: SVP, CHIEF DEVELOPMENT OFFICER 161 HAMMERSMITH ROAD LONDON X0 W6 8BS
Rodriguez Enrique officer: EVP, Chief Technology Officer 1221 AVENUE OF THE AMERICAS 37TH FLOOR NEW YORK NY 10020
Malone John C director, 10 percent owner 12300 LIBERTY BLVD ENGLEWOOD CO 80112
Waldron Jason officer: SVP & CAO 1550 WEWATTA STREET SUITE 1000 DENVER CO 80202
Wargo J David director C/O WARGO & CO 712 FIFTH AVENUE 41ST FLOOR NEW YORK NY 10019
Gould Paul A director 711 FIFTH AVENUE 9TH FLOOR NEW YORK NY 10022
Cole John P Jr director 1919 PENNSYLVANIA AVE N.W. STE 200 WASHINGTON DC 20006
Dvorak Bernard G officer: EVP & Co-CFO C/O LIBERTY GLOBAL, INC. 12300 LIBERTY BOULEVARD ENGLEWOOD CO 80112
Karsten Diederik officer: EVP, European BB Ops C/O LIBERTY GLOBAL, INC. 12300 LIBERTY BOULEVARD ENGLEWOOD CO 80112
Sparkman J C director 201 EAST SANDPOINTE 8TH FLOOR SANTA ANA CA 92707
Curtis Miranda director C/O LIBERTY GLOBAL, INC. 12300 LIBERTY BOULEVARD ENGLEWOOD CO 80112

Liberty Global Headlines

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