GURUFOCUS.COM » STOCK LIST » USA » NAS » Newmark Group Inc (NAS:NMRK) » Definitions » Earnings Yield (Joel Greenblatt) %
Switch to:

Newmark Group Earnings Yield (Joel Greenblatt) %

: 14.35% (As of Jun. 2022)
View and export this data going back to 2017. Start your Free Trial

Newmark Group's Enterprise Value for the quarter that ended in Jun. 2022 was $3,876 Mil. Newmark Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $556 Mil. Newmark Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 14.35%.

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

NMRK' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.34   Med: 7.75   Max: 27.32
Current: 16.79

During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Newmark Group was 27.32%. The lowest was 2.34%. And the median was 7.75%.

NMRK's Earnings Yield (Joel Greenblatt) % is ranked better than
82.92% of 1792 companies
in the Real Estate industry
Industry Median: 6.33 vs NMRK: 16.79

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) %. Newmark Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 30.78%. 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.


Newmark Group Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Newmark 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.

* Premium members only.

Newmark Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only 3.36 10.21 6.80 5.42 22.32

Newmark Group 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 30.96 20.45 22.32 25.51 14.35

Competitive Comparison

For the Real Estate Services subindustry, Newmark 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.

   

Newmark Group Earnings Yield (Joel Greenblatt) % Distribution

For the Real Estate industry and Real Estate sector, Newmark Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Newmark 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=1254.565/5619.0656
=22.33 %

Newmark Group'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 $556 Mil.



Newmark Group  (NAS:NMRK) 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.


Newmark Group Earnings Yield (Joel Greenblatt) % Related Terms

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


Newmark Group Business Description

Newmark Group logo
Industry
Traded in Other Exchanges
Address
125 Park Avenue, New York, NY, USA, 10017
Newmark Group Inc is a commercial real estate advisory firm. It offers services, including leasing and corporate advisory services, investment sales, commercial mortgage brokerage, appraisal and valuation, project management, and property, among others. Newmark offers a diverse array of integrated services and products designed to meet the full needs of both real estate investors/owners and occupiers. The company provides real estate strategic consulting and systems integration services to CFI's global clients including many Fortune 500 and Forbes Global 2000 companies, owner-occupiers, government agencies, healthcare and higher education clients.
Executives
Mcintyre Kenneth A Jr director C/O HUDSON CITY BANCORP, INC. WEST 80 CENTURY ROAD PARAMUS NJ 07652
Merkel Stephen M officer: EVP, Chief Legal Officer C/O BGC PARTNERS, INC. 499 PARK AVENUE NEW YORK NY 10022
Lutnick Howard W director, 10 percent owner, officer: Chairman
Cantor Fitzgerald, L. P. director, 10 percent owner 110 EAST 59TH STREET NEW YORK NY 10022
Cf Group Management Inc director, 10 percent owner 135 EAST 57TH ST NEW YORK NY 10022
Snow Michael director C/O GFI GROUP INC. 55 WATER STREET NEW YORK NY 10041
Bgc Partners, Inc. director, 10 percent owner 499 PARK AVENUE NEW YORK NY 10022
Bauer Virginia S director C/O NEWMARK GROUP, INC. 125 PARK AVENUE NEW YORK NY 10022
Cervinka Peter F director C/O NEWMARK GROUP, INC. 125 PARK AVENUE NEW YORK NY 10022
Gosin Barry M officer: Chief Executive Officer C/O ESPEED, INC. 110 EAST 59TH STREET NEW YORK NY 10022
Rispoli Michael J. officer: Chief Financial Officer C/O NNN 2003 VALUE FUND, LLC 1551 N. TUSTIN AVENUE, SUITE 200 SANTA ANA CA 92705
Dalton John H director 50 OLD WEBSTER ROAD OXFORD MA 01540
Ficarro James R director, officer: Chief Operating Officer C/O NEWMARK GROUP, INC. 125 PARK AVENUE NEW YORK NY 10017

Newmark Group Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)