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Manhattan Associates Earnings Yield (Joel Greenblatt) %

: 1.43% (As of Sep. 2021)
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Manhattan Associates's Enterprise Value for the quarter that ended in Sep. 2021 was $9,461.4 Mil. Manhattan Associates's EBIT for the trailing twelve months (TTM) ended in Sep. 2021 was $135.4 Mil. Manhattan Associates's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2021 was 1.43%.

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

NAS:MANH' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.18   Med: 4.59   Max: 9.39
Current: 1.68

1.18
9.39

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Manhattan Associates was 9.39%. The lowest was 1.18%. And the median was 4.59%.

NAS:MANH's Earnings Yield (Joel Greenblatt) % is ranked higher than
53% of the 2583 Companies
in the Software industry.

( Industry Median: 1.21 vs. NAS:MANH: 1.68 )

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) %. Manhattan Associates's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2021 was -7.28%. 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.


Manhattan Associates Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Manhattan Associates'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.

Manhattan Associates Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.35 5.83 5.06 2.33 1.75

Manhattan Associates Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 1.87 1.75 1.58 1.42 1.43

Competitive Comparison

For the Software - Application subindustry, Manhattan Associates'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.

   

Manhattan Associates Earnings Yield (Joel Greenblatt) % Distribution

For the Software industry and Technology sector, Manhattan Associates's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Manhattan Associates 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.

Manhattan Associatess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2020 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=114.061/6504.928896
=1.75 %

Manhattan Associates's EBIT for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $135.4 Mil.



Manhattan Associates  (NAS:MANH) 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.


Manhattan Associates Earnings Yield (Joel Greenblatt) % Related Terms

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


Manhattan Associates Business Description

Manhattan Associates logo
Industry
Technology » Software NAICS : 511210 SIC : 7372
Traded in Other Exchanges
Address
2300 Windy Ridge Parkway, Tenth Floor, Atlanta, GA, USA, 30339
Manhattan Associates provides software that helps users manage their supply chains, inventory, and omnichannel operations. Customers are generally retailers, wholesalers, manufacturers, and logistics providers. The company was founded in 1990 and serves more than 1,200 customers around the world.
Executives
Eger Edmond director 135 CHEROKEE WAY PORTOLA VALLEY CA 94028
Richards Bruce officer: Sr. V.P. & Chief Legal Officer 190 NORTHLAND RIDGE TRAIL ATLANTA GA 30342
Howell Robert G officer: Sr VP, Americas Sales 2300 WINDY RIDGE PARKWAY 10TH FLOOR ATLANTA GA 30339
Huntz John J Jr director 1201 W PEACHTREE STREET NW STE 5000 ATLANTA GA 30309
Noonan Thomas E director C/O INTERNET SECURITY SYSTEM INC 6303 BARFIELD RD ATLANTA GA 30328
Hollembaek Linda T. director 2300 WINDY RIDGE PARKWAY TENTH FLOOR ATLANTA GA 30339
Raghavan Deepak director 2300 WINDY RIDGE PARKWAY SUITE 700 ATLANTA GA 30339
Moran Charles E director 2300 WINDY RIDGE PARKWAY 10TH FLOOR ATLANTA GA 30339
Story Dennis B officer: EVP, CFO & Treasurer PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: STORY DENNIS B 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;}
Capel Eddie director, officer: President & CEO 2300 WINDY RIDGE PARKWAY, SUITE 1000 ATLANTA GA 30339
Pinne Linda C. officer: Sr VP, Global Corp Controller 2300 WINDY RIDGE PARKWAY TENTH FLOOR ATLANTA GA 30339
Heyman John H director 3925 BROOKSIDE PARKWAY ALPHARETTA GA 30022
Cassidy Brian J director MEENTSESTREAST 81 NL 6987 GLESBEEK NETHERLANDS P7 0000
Lautenbach Dan J director 106 COSTA BELLA COVE AUSTIN TX 78734
Sinisgalli Peter F director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SINISGALLI PETER F 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;}

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