What is Bright Horizons Family Solutions Earnings Yield (Joel Greenblatt) %?
Bright Horizons Family Solutions's Enterprise Value for the quarter that ended in Dec. 2023 was $7,215 Mil.
Bright Horizons Family Solutions's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $171 Mil. Bright Horizons Family Solutions's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 2.37%.
The historical rank and industry rank for Bright Horizons Family Solutions's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BFAM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.19 Med: 2.69 Max: 4.12
Current: 2.14
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Bright Horizons Family Solutions was 4.12%. The lowest was 0.19%. And the median was 2.69%.
BFAM's Earnings Yield (Joel Greenblatt) % is ranked worse than 64.42% of 104
companies
in the Personal Services industry
Industry Median: 4.605
vs BFAM: 2.14
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) %. Bright Horizons Family Solutions's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -2.78%. 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.
Bright Horizons Family Solutions Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Bright Horizons Family Solutions'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.
Bright Horizons Family Solutions Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Bright Horizons Family Solutions's Earnings Yield (Joel Greenblatt) %
For the Personal Services subindustry, Bright Horizons Family Solutions'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.
Bright Horizons Family Solutions's Earnings Yield (Joel Greenblatt) % Distribution in the Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Bright Horizons Family Solutions's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bright Horizons Family Solutions's Earnings Yield (Joel Greenblatt) % falls into.
Bright Horizons Family Solutions 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.
Bright Horizons Family Solutionss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Bright Horizons Family Solutions'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 $171 Mil.
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.
Bright Horizons Family Solutions Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Bright Horizons Family Solutions's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bright Horizons Family Solutions (Bright Horizons Family Solutions) Business Description
Bright Horizons Family Solutions Inc provides education and care solutions designed to help employers support their employees in managing their work/life balance. The company has three business segments: full-service center-based child care, backup care, and educational advisory services. The vast majority of the company's revenue is generated by full-service center-based child care, which includes traditional center-based child care and early education services. Other services provided by the company include in-home child and elder care, tuition assistance, and education consulting. The company earns more than half of its revenue in North America.
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