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Pactiv Evergreen Earnings Yield (Joel Greenblatt) %

: 1.22% (As of Jun. 2021)
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Pactiv Evergreen's Enterprise Value for the quarter that ended in Jun. 2021 was $6,542 Mil. Pactiv Evergreen's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 was $80 Mil. Pactiv Evergreen's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2021 was 1.22%.

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

NAS:PTVE' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.73   Med: 1.32   Max: 2.9
Current: 1.28

0.73
2.9

During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Pactiv Evergreen was 2.90%. The lowest was 0.73%. And the median was 1.32%.

NAS:PTVE's Earnings Yield (Joel Greenblatt) % is ranked lower than
99.99% of the 26 Companies
in the Packaging & Containers industry.

( Industry Median: 7.45 vs. NAS:PTVE: 1.28 )

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) %. Pactiv Evergreen's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2021 was -11.33%. 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.


Pactiv Evergreen Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Pactiv Evergreen'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.

Pactiv Evergreen Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only - - - - 2.44

Pactiv Evergreen 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 - 2.62 2.44 0.78 1.22

Competitive Comparison

For the Packaging & Containers subindustry, Pactiv Evergreen'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.

   

Pactiv Evergreen Earnings Yield (Joel Greenblatt) % Distribution

For the Packaging & Containers industry and Consumer Cyclical sector, Pactiv Evergreen's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Pactiv Evergreen 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=171/7012.64612
=2.44 %

Pactiv Evergreen'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 $80 Mil.



Pactiv Evergreen  (NAS:PTVE) 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.


Pactiv Evergreen Earnings Yield (Joel Greenblatt) % Related Terms

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


Pactiv Evergreen Business Description

Pactiv Evergreen logo
Industry
Comparable Companies
Traded in Other Exchanges
Address
1900 W. Field Court, Lake Forest, IL, USA, 60045
Pactiv Evergreen Inc is engaged in the business of manufacturing and distributing fresh food service and food merchandising products and fresh beverage cartons. The products are supplied to food service distributors, supermarkets, grocery and healthy eating retailers, other food stores, food and beverage producers, food packers, and food processors. Its operating segment includes Foodservice; Food Merchandising and Beverage Merchandising. The company derives a majority of revenue from the Food Merchandising segment. Geographically, it derives a majority of revenue from the United States.
Executives
Rich Jonathan D director 1144 EAST MARKET STREET AKRON OH 44316-0001
Baker Leighanne G director 225 BRAE BOULEVARD PARK RIDGE NJ 07656
Thornton Felicia D director 250 PARKCENTER BLVD PO BOX 20 BOISE ID 83726
Mcgrath John T. director, officer: Chief Executive Officer 1900 W. FIELD COURT LAKE FOREST IL 60045
Hugli Allen director C/O RANK GROUP LEVEL II, 148 QUAY ST AUCKLAND Q2 00000
Rooney John P. officer: Pres, Beverage Merchandising 1900 W. FIELD COURT LAKE FOREST IL 60045
Ragen Michael officer: COO and CFO 1900 W. FIELD COURT LAKE FOREST IL 60045
Stangl Rolf director 1900 W. FIELD COURT LAKE FOREST IL 60045
Wulf Eric officer: President, Food Merchandising 1900 W. FIELD COURT LAKE FOREST IL 60045
Levenda Tim A. officer: President, Foodservice 1900 W. FIELD COURT LAKE FOREST IL 60045
Packaging Finance Ltd 10 percent owner C/O RANK GROUP LIMITED FLOOR 9, 148 QUAY STREET AUCKLAND Q2 1010
King Michael Jack director 1900 W. FIELD COURT LAKE FOREST IL 60045

Pactiv Evergreen Headlines

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