What is Asbury Automotive Group Earnings Yield (Joel Greenblatt) %?
Asbury Automotive Group's Enterprise Value for the quarter that ended in Dec. 2023 was $10,002 Mil.
Asbury Automotive Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $967 Mil. Asbury Automotive Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 9.67%.
The historical rank and industry rank for Asbury Automotive Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ABG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.03 Med: 9.47 Max: 19.53
Current: 9.76
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Asbury Automotive Group was 19.53%. The lowest was 6.03%. And the median was 9.47%.
ABG's Earnings Yield (Joel Greenblatt) % is ranked better than 68.68% of 1306
companies
in the Vehicles & Parts industry
Industry Median: 5.74
vs ABG: 9.76
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) %. Asbury Automotive Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 30.87%. 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.
Asbury Automotive Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Asbury Automotive 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.
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Asbury Automotive Group Earnings Yield (Joel Greenblatt) % Chart
For the Auto & Truck Dealerships subindustry, Asbury Automotive 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.
Asbury Automotive Group's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Asbury Automotive Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Asbury Automotive Group's Earnings Yield (Joel Greenblatt) % falls into.
Asbury Automotive 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.
Asbury Automotive Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Asbury Automotive Group'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 $967 Mil.
Asbury Automotive Group (NYSE:ABG) 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.
Asbury Automotive Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Asbury Automotive Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Asbury Automotive Group (Asbury Automotive Group) Business Description
Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 138 new-vehicle stores, seven used-vehicle stores, and 32 collision centers. Over 70% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products and its own F&I products via Total Care Auto. Asbury operates in 14 states (mostly Texas, the West, and the Southeast). Asbury store brands include David McDavid and Park Place in Texas, and the Larry H. Miller brand in the Western U.S. It plans to acquire Koons in the Washington, D.C. area in late 2023 or early 2024. Asbury generated $15.4 billion of revenue in 2022 and is based in the Atlanta area. The firm targets about $32 billion in 2025.
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