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Amerco Earnings Yield (Joel Greenblatt) %

: 12.99% (As of Jun. 2022)
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Amerco's Enterprise Value for the quarter that ended in Jun. 2022 was $12,584 Mil. Amerco's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $1,634 Mil. Amerco's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 12.99%.

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

UHAL' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.29   Med: 8.69   Max: 32.23
Current: 11.38

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Amerco was 32.23%. The lowest was 4.29%. And the median was 8.69%.

UHAL's Earnings Yield (Joel Greenblatt) % is ranked better than
74.95% of 1066 companies
in the Business Services industry
Industry Median: 5.04 vs UHAL: 11.38

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) %. Amerco's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 8.62%. 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.


Amerco Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Amerco'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.

Amerco Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.99 5.72 5.39 6.12 10.85

Amerco 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 8.75 9.46 9.28 10.85 12.99

Competitive Comparison

For the Rental & Leasing Services subindustry, Amerco'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.

   

Amerco Earnings Yield (Joel Greenblatt) % Distribution

For the Business Services industry and Industrials sector, Amerco's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Amerco 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.

Amercos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2022 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=1637.365/15097.237132
=10.85 %

Amerco'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 $1,634 Mil.



Amerco  (NAS:UHAL) 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.


Amerco Earnings Yield (Joel Greenblatt) % Related Terms

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


Amerco Business Description

Amerco logo
Industry
Traded in Other Exchanges
Address
5555 Kietzke Lane, Suite 100, Reno, NV, USA, 89511
Amerco Inc is an American provider of rental trucks to household movers. The company operates a fleet of trucks, trailers, and towing devices under the U-Haul brand. The service is targeted at do-it-yourself household movers. Amerco offers its products and services through a network of retail moving stores and independent U-Haul dealers. The company also offers self-storage solutions for household and commercial goods, as well as insurance products covering loss on goods in storage, medical, life, and cargo protection. It operates in three segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance.
Executives
Martz Carrie other: Advisory Board Member 21335 N. 74TH WAY SCOTTSDALE AZ 85225
Shoen Edward J director, 10 percent owner, officer: Chairman/President 2727 N CENTRAL AVE PHOENIX AZ 85004
Shoen Mark V 10 percent owner 2727 N CENTRAL AVE PHOENIX AZ 85004
Willow Grove Holdings Lp 10 percent owner 1250 E. MISSOURI AVE PHOENIX AZ 85014
Foster Road Llc 10 percent owner 1250 E. MISSOURI AVE PHOENIX AZ 85014
Bell Maria Lourdes officer: Chief Accounting Officer 2727 N. CENTRAL AVE PHOENIX AZ 85004
Braccia Matthew officer: Pres-Amerco Real Estate Co. 2727 N. CENTRAL AVE. PHOENIX AZ 85004
Hayes Thomas W other: Ind. Gov Committee Member C/O FREMONT GENERAL CORP 2020 SANTA MONICA BLVD #600 SANTA MONICA CA 90404
Vizcarra Carlos officer: Pres-Amerco Real Estate Co 2727 N CENTRAL AVE PHOENIX AZ 85004
Herrera Richard Jay director 21 BRILLIANT SKY DRIVE SANTE FE NM 87508
Hillman Amy J other: Ind. Gov. Committee Member C/O CDK GLOBAL, INC., 1950 HASSELL RD. HOFFMAN ESTATES IL 60169
Shank Roberta Roberts other: Advisory Board Member 20002 NORTH 19TH AVENUE PHOENIX AZ 85027
Grogan James J director 2727 N CENTRAL AVENUE PHOENIX AZ 85004
Schmidt Karl A. director 600 HERITAGE RD. DE PERE WI 54115
Thompson Mary K officer: Chief Accounting Officer 2727 N CENTRAL AVE PHOENIX AZ 85004

Amerco Headlines

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