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Safety Insurance Group Earnings Yield (Joel Greenblatt) %

: 6.36% (As of Jun. 2022)
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Safety Insurance Group's Enterprise Value for the quarter that ended in Jun. 2022 was $1,447.5 Mil. Safety Insurance Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $92.0 Mil. Safety Insurance Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 6.36%.

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

SAFT' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.09   Med: 9.01   Max: 19.55
Current: 6.53

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Safety Insurance Group was 19.55%. The lowest was -4.09%. And the median was 9.01%.

SAFT's Earnings Yield (Joel Greenblatt) % is ranked worse than
60.51% of 352 companies
in the Insurance industry
Industry Median: 9.15 vs SAFT: 6.53

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) %. Safety Insurance Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 21.72%. 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.


Safety Insurance Group Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Safety Insurance 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.

Safety Insurance Group Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.34 8.60 8.76 15.02 13.12

Safety Insurance 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 18.94 16.03 13.12 9.53 6.36

Competitive Comparison

For the Insurance - Property & Casualty subindustry, Safety Insurance 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.

   

Safety Insurance Group Earnings Yield (Joel Greenblatt) % Distribution

For the Insurance industry and Financial Services sector, Safety Insurance Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Safety Insurance 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=164.792/1255.595284
=13.12 %

Safety Insurance 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 $92.0 Mil.



Safety Insurance Group  (NAS:SAFT) 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.


Safety Insurance Group Earnings Yield (Joel Greenblatt) % Related Terms

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


Safety Insurance Group Business Description

Safety Insurance Group logo
Traded in Other Exchanges
Address
20 Custom House Street, Boston, MA, USA, 02110
Safety Insurance Group Inc is a provider of private passenger automobile insurance in Massachusetts. The company also offers property and casualty insurance products, including commercial automobile, homeowners, dwelling fire, umbrella, and business owner policies. It operates in the business segment of Property and casualty insurance operations.
Executives
Farina John Daniel Jr. director 20 CUSTOM HOUSE ST BOSTON MA 02110
Gray Deborah E director 20 CUSTOM HOUSE STREET BOSTON MA 02110
Hiltpold Glenn officer: VP of Actuarial Services 20 CUSTOM HOUSE STREET BOSTON MA 02110
Moran Mary Coffey director DANVERS BANCORP, INC. ONE CONANT STREET DANVERS MA 01923
Whitford Christopher Thomas officer: VP, CFO and Secretary 20 CUSTOM HOUSE STREET BOSTON MA 02110
Srb Corp 10 percent owner 125 HIGH STREET OLIVER STREET TOWER, 9TH FLOOR BOSTON MA 02110
Palisades Safety & Insurance Association 10 percent owner C/O PLYMOUTH ROCK MANAGEMENT CO OF NJ 581 MAIN STREET, 4TH FLOOR WOODBRIDGE NJ 07095
Plymouth Rock Co Inc 10 percent owner 695 ATLANTIC AVENUE BOSTON MA 02111
Meehan Thalia director C/O SAFETY INSURANCE GROUP, INC. 20 CUSTOM HOUSE STREET BOSTON MA 02110
Drago John Patrick officer: VP - Marketing 20 CUSTOM HOUSE STREET BOSTON MA 02110
Mckeown Ann Marie officer: V.P Insurance Operations 20 CUSTOM HOUSE STREET BOSTON MA 02110
Varga Stephen Albert officer: VP - MIS 20 CUSTOM HOUSE STREET BOSTON MA 02110
Narciso Paul J officer: VP - Claims C/O SAFETY INSURANCE 20 CUSTOM HOUSE STREET BOSTON MA 02110
Murphy George officer: VP - Marketing C/O SAFETY INSURANCE GROUP, INC. 20 CUSTOM HOUSE STREET BOSTON MA 02110
Berry James officer: VP - Insurance Operations C/O SAFETY INSURANCE 20 CUSTOM HOUSE STREET BOSTON MA 02110

Safety Insurance Group Headlines

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