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News Earnings Yield (Joel Greenblatt) %

: 7.37% (As of Jun. 2022)
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News's Enterprise Value for the quarter that ended in Jun. 2022 was $12,359 Mil. News's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $911 Mil. News's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 7.37%.

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

NWSA' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -14.03   Med: 5.25   Max: 8.95
Current: 6.87

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of News was 8.95%. The lowest was -14.03%. And the median was 5.25%.

NWSA's Earnings Yield (Joel Greenblatt) % is ranked better than
64.89% of 1034 companies
in the Media - Diversified industry
Industry Median: 3.60 vs NWSA: 6.87

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) %. News'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.


News Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for News'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.

News Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.90 4.66 -17.04 2.87 7.37

News 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 2.87 4.81 5.24 5.05 7.37

Competitive Comparison

For the Entertainment subindustry, News'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.

   

News Earnings Yield (Joel Greenblatt) % Distribution

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

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



News 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.

Newss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2022 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=911/12358.50018
=7.37 %

News'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 $911 Mil.



News  (NAS:NWSA) 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.


News Earnings Yield (Joel Greenblatt) % Related Terms

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


News Business Description

News logo
Address
1211 Avenue of the Americas, New York, NY, USA, 10036
News Corporation is a media conglomerate with large presence in the U.S, the U.K., and Australia. Key brands include The Wall Street Journal, Herald Sun, and The Times. The company also has a strong presence in the Australian pay-TV market through Fox Sports and Foxtel (both 65%-owned), while its 62%-owned REA Group is the dominant real estate classified business in Australia. In addition, it owns HarperCollins, one of the largest book publishers globally, and also has a substantial digital property advertising business (Move) in the U.S.
Executives
Ayotte Kelly director C/O NEWS CORPORATION 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Panuccio Susan officer: Chief Financial Officer C/O NEWS CORPORATION 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Pitofsky David B officer: General Counsel C/O NEWS CORPORATION 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Klein Joel director C/O NEWS AMERICA INCORPORATED 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Halpin Kevin officer: Deputy Chief Financial Officer 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Murdoch Lachlan K director C/O NEWS AMERICA INCORPORATED 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Elkann John director 1211 AVENUE OF THE AMERICAS NEW YORK NY 10003
Chao Elaine L. director C/O DOLE FOOD COMPANY, INC. ONE DOLE DRIVE WESTLAKE VILLAGE CA 91362
Murdoch James R director C/O LUPA SYSTEMS 363 LAFAYETTE STREET NEW YORK NY 10022
Pessoa Ana Paula director 1211 AVENUE OF THE AMERICAS NEW YORK NY 10003
Siddiqui Masroor director 1211 AVENUE OF THE AMERICAS NEW YORK NY 10003
Bancroft Natalie director C/O NEWS AMERICA INCORPORATED 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Aznar Jose Maria director C/O NEWS AMERICA INCORPORATED 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Cruden Financial Services Llc 10 percent owner C/O MCDONALD CARANO WILSON LLP 100 LIBERTY STREET RENO NV 89501
Murdoch Family Trust 10 percent owner C/O MCDONALD CARANO WILSON LLP 100 LIBERTY STREET RENO NV 89501

News Headlines

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