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Pan American Silver Earnings Yield (Joel Greenblatt) %

: 6.87% (As of Jun. 2021)
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Pan American Silver's Enterprise Value for the quarter that ended in Jun. 2021 was $5,819 Mil. Pan American Silver's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 was $389 Mil. Pan American Silver's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2021 was 6.87%.

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

NAS:PAAS' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -82.94   Med: 3.84   Max: 36.23
Current: 7.89

-82.94
36.23

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Pan American Silver was 36.23%. The lowest was -82.94%. And the median was 3.84%.

NAS:PAAS's Earnings Yield (Joel Greenblatt) % is ranked higher than
87% of the 2436 Companies
in the Metals & Mining industry.

( Industry Median: -4.62 vs. NAS:PAAS: 7.89 )

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) %. Pan American Silver's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2021 was 21.73%. 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.


Pan American Silver Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Pan American Silver'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.

Pan American Silver 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 8.33 5.43 2.74 4.00 3.75

Pan American Silver 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 2.44 2.71 3.75 5.28 6.87

Competitive Comparison

For the Silver industry, Pan American Silver'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.

   

Pan American Silver Earnings Yield (Joel Greenblatt) % Distribution

For the Silver industry and Basic Materials sector, Pan American Silver's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Pan American Silver 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.

Pan American Silvers Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2020 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=261.228/7013.86409
=3.72 %

Pan American Silver's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT (TTM)/Enterprise Value
=388.876/5,819
=6.68 %

Pan American Silver'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 $389 Mil.



Pan American Silver  (NAS:PAAS) 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.


Pan American Silver Earnings Yield (Joel Greenblatt) % Related Terms

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


Pan American Silver Business Description

Pan American Silver logo
Industry
Basic Materials » Metals & Mining NAICS : 212222 SIC : 3922
Traded in Other Exchanges
Address
625 Howe Street, Suite 1500, Vancouver, BC, CAN, V6C 2T6
Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold. Pan American Silver is based in British Columbia.

Pan American Silver Headlines

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