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Atkore Earnings Yield (Joel Greenblatt) %

: 29.41% (As of Jun. 2022)
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Atkore's Enterprise Value for the quarter that ended in Jun. 2022 was $4,123 Mil. Atkore's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $1,214 Mil. Atkore's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 29.41%.

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

ATKR' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.99   Med: 10.44   Max: 28.62
Current: 28.28

During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Atkore was 28.62%. The lowest was 4.99%. And the median was 10.44%.

ATKR's Earnings Yield (Joel Greenblatt) % is ranked better than
93.86% of 2767 companies
in the Industrial Products industry
Industry Median: 4.40 vs ATKR: 28.28

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) %. Atkore's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 26.57%. 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.


Atkore Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Atkore'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.

Atkore Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.63 10.21 10.95 14.79 19.27

Atkore 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 16.81 19.27 17.99 23.47 29.41

Competitive Comparison

For the Electrical Equipment & Parts subindustry, Atkore'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.

   

Atkore Earnings Yield (Joel Greenblatt) % Distribution

For the Industrial Products industry and Industrials sector, Atkore's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Atkore 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.

Atkores Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=812.9/4222.194624
=19.25 %

Atkore'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 $1,214 Mil.



Atkore  (NYSE:ATKR) 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.


Atkore Earnings Yield (Joel Greenblatt) % Related Terms

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


Atkore Business Description

Atkore logo
Industry
Traded in Other Exchanges
Address
16100 South Lathrop Avenue, Harvey, IL, USA, 60426
Atkore is a diversified industrials company and a leading manufacturer of electrical, mechanical, and safety infrastructure solutions. Atkore has two business segments: electrical and safety and infrastructure. Net sales are highest in the electrical business line as well as in the United States. The key product categories in the electrical segment are PVC conduit, steel conduit, and PVC-coated conduit, which are staples for electrical distributors. The key product categories in the safety and infrastructure segment include in-line galvanized mechanical tube, metal framing and related fittings, and security bollards. Also, the company provides ancillary services to customers in the form of slitting and cutting structural steel sheets.
Executives
Pregenzer John W officer: President, Electrical 16100 S LATHROP AVENUE HARVEY IL 60426
Lowe Leangela W. officer: VP, Global Human Resources 16100 S. LATHROP AVENUE HARVEY IL 60426
Lamps Mark F. officer: Pres. Mech. Prods. & Solutions 16100 S. LATHROP AVENUE HARVEY IL 60426
Johnson David Paul officer: Vice President and CFO 16100 SOUTH LATHROP AVENUE HARVEY IL 60426
Johnson Betty R. director 20 LAKE VIEW ROAD HAWTHORN WOODS IL 60047
Schrock Michael V director 5500 WAYZATA BLVD. SUITE 800 GOLDEN VALLEY MN 55416
James Wilbert W Jr director 16100 SOUTH LATHROP AVENUE HARVEY IL 60426
Kershaw Justin A director 16100 SOUTH LATHROP AVENUE HARVEY IL 60426
Schulte Michael J officer: Pres, Mech. Prods. & Solutions 16100 SOUTH LATHROP AVENUE HARVEY IL 60426
Muse Scott H director C/O RICHARD W DAVIES HUBBELL INC 684 DERBY MILFORD RD ORANGE CT 06477
Vanarsdale William director 16100 SOUTH LATHROP AVENUE HARVEY IL 60426
Waltz William E Jr. officer: President, Conduit & Fittings 16100 SOUTH LATHROP AVENUE HARVEY IL 60426
Mallak James A officer: VP and Chief Financial Officer 27175 HAGGERTY RD NOVI MI 48377
Fitzpatrick Kevin P officer: VP, Global Human Resources 3400 N. WOLF FRANKLIN PARK IL 60131
Williamson John Patrick officer: President and CEO 16100 SOUTH LATHROP AVENUE HARVEY IL 60426

Atkore Headlines

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