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O'Reilly Automotive Earnings Yield (Joel Greenblatt) %

: 6.21% (As of Jun. 2021)
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O'Reilly Automotive's Enterprise Value for the quarter that ended in Jun. 2021 was $44,418 Mil. O'Reilly Automotive's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 was $2,759 Mil. O'Reilly Automotive's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2021 was 6.21%.

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

NAS:ORLY' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.79   Med: 6.36   Max: 9.38
Current: 5.41

4.79
9.38

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of O'Reilly Automotive was 9.38%. The lowest was 4.79%. And the median was 6.36%.

NAS:ORLY's Earnings Yield (Joel Greenblatt) % is ranked lower than
54% of the 188 Companies
in the Retail - Cyclical industry.

( Industry Median: 6.85 vs. NAS:ORLY: 5.41 )

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) %. O'Reilly Automotive's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2021 was 20.15%. 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.


O'Reilly Automotive Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for O'Reilly Automotive'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.

O'Reilly Automotive 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 6.19 7.45 5.93 4.96 6.41

O'Reilly Automotive Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 5.88 6.02 6.41 6.59 6.21

Competitive Comparison

For the Specialty Retail subindustry, O'Reilly Automotive'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.

   

O'Reilly Automotive Earnings Yield (Joel Greenblatt) % Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, O'Reilly Automotive's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



O'Reilly Automotive 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.

O'Reilly Automotives Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2020 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=2427.531/37887.227367
=6.41 %

O'Reilly Automotive's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,759 Mil.



O'Reilly Automotive  (NAS:ORLY) 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.


O'Reilly Automotive Earnings Yield (Joel Greenblatt) % Related Terms

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


O'Reilly Automotive Business Description

O'Reilly Automotive logo
Industry
Consumer Cyclical » Retail - Cyclical NAICS : 441310 SIC : 5531
Address
233 South Patterson Avenue, Springfield, MO, USA, 65802
O'Reilly is one of the largest sellers of aftermarket automotive parts, tools, and accessories, serving professional and DIY customers (41% and 59% of 2020 sales, respectively). The company sells branded as well as own-label products, with the latter category comprising nearly half of sales. O'Reilly had 5,616 stores as of the end of 2020, spread across 47 U.S. states and including 22 stores in Mexico. The firm serves professional and DIY customers through its store network, and also boasts approximately 765 sales personnel targeting commercial buyers.
Executives
Henslee Gregory L director, officer: EV CHAIRMAN OF THE BOARD 233 S PATTERSON SPRINGFIELD MO 65802
Oreilly David E director, officer: CHAIRMAN OF THE BOARD 233 SOUTH PATTERSON SPRINGFIELD MO 65802
Ellis Larry Lee officer: SVP OF DISTRIBUTION 233 SOUTH PATTERSON AVENUE SPRINGFIELD MO 65802
Murphy John Raymond director 233 S PATTERSON AVE SPRINGFIELD MO 65802
Shaw Jeff M officer: COO & CO-PRESIDENT 233 S PATTERSON AVE SPRINGFIELD MO 65802
Venosdel Richard Darin officer: SVP OF INVENTORY MANAGEMENT 233 SOUTH PATTERSON AVENUE SPRINGFIELD MO 65802
Wilbanks Carl David officer: SVP OF MERCHANDISE 233 SOUTH PATTERSON AVE SPRINGFIELD MO 65802
Burchfield Jay D director 233 S PATTERSON AVE SPRINGFIELD MO 65802
Hendrickson Thomas director 16234 SANDSTONE DRIVE MORRISON CO 80465
Weiss Andrea director 23 RAMRAPO COURT WEST GLENROCK NJ 07452
Perlman Dana director C/O 200 MADISON AVENUE NEW YORK NY 10016
Wooten Rosalie Oreilly director 233 SOUTH PATTERSON SPRINGFIELD MO 65802
Sastre Maria director C/O DARDEN RESTAURANTS, INC. 1000 DARDEN CENTER DRIVE ORLANDO FL 32837
Johnson Gregory D officer: CEO & CO-PRESIDENT 233 SOUTH PATTERSON SPRINGFIELD MO 65802
Tarrant Jason Lee officer: SVP OF WESTERN STORE OPS/SALES 233 SOUTH PATTERSON AVENUE SPRINGFIELD MO 65802

O'Reilly Automotive Headlines

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