What is Security National Financial Earnings Yield (Joel Greenblatt) %?
Security National Financial's Enterprise Value for the quarter that ended in Dec. 2023 was $185.8 Mil.
Security National Financial's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $21.2 Mil. Security National Financial's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 11.39%.
The historical rank and industry rank for Security National Financial's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SNFCA'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.21 Med: 20.5 Max: 106.84
Current: 17.04
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Security National Financial was 106.84%. The lowest was 6.21%. And the median was 20.50%.
SNFCA's Earnings Yield (Joel Greenblatt) % is ranked better than 99.32% of 1184
companies
in the Banks industry
Industry Median: 0
vs SNFCA: 17.04
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) %. Security National Financial's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 20.60%. 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.
Security National Financial Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Security National Financial'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.
Security National Financial Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Security National Financial's Earnings Yield (Joel Greenblatt) %
For the Mortgage Finance subindustry, Security National Financial'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.
Security National Financial's Earnings Yield (Joel Greenblatt) % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Security National Financial's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Security National Financial's Earnings Yield (Joel Greenblatt) % falls into.
Security National Financial 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.
Security National Financials Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Security National Financial's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $21.2 Mil.
Security National Financial (NAS:SNFCA) 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.
Security National Financial Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Security National Financial's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Security National Financial (Security National Financial) Business Description
Security National Financial Corp is engaged in the life insurance, cemetery and mortuary, and mortgage loan businesses. The life insurance segment is engaged in the business of selling and servicing selected lines of life insurance, annuity products, and accident and health insurance. Its cemetery and mortuary segment consists of approximately seven mortuaries and five cemeteries in the state of Utah and a cemetery in the state of California. The mortgage loan segment originates and underwrites or otherwise purchases residential and commercial loans for new construction, existing homes, and real estate projects. Geographically all the business activity is functioned through the region of the USA and it derives the majority of revenue from Mortgage segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SNFCA has been successfully added to your 