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Boyd Gaming Earnings Yield (Joel Greenblatt) %

: 0.00% (As of Jun. 2022)
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Boyd Gaming's Enterprise Value for the quarter that ended in Jun. 2022 was $8,839 Mil. Boyd Gaming's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $884 Mil. Boyd Gaming's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 0.00%.

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

BYD' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.08   Med: 4.68   Max: 9.82
Current: 9.4

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Boyd Gaming was 9.82%. The lowest was -16.08%. And the median was 4.68%.

BYD's Earnings Yield (Joel Greenblatt) % is ranked better than
84.92% of 842 companies
in the Travel & Leisure industry
Industry Median: 0.90 vs BYD: 9.40

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) %. Boyd Gaming's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 20.16%. 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.


Boyd Gaming Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Boyd Gaming'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.

Boyd Gaming Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.05 5.93 5.65 0.65 7.38

Boyd Gaming 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 6.23 7.11 7.38 8.02 -

Competitive Comparison

For the Resorts & Casinos subindustry, Boyd Gaming'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.

   

Boyd Gaming Earnings Yield (Joel Greenblatt) % Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Boyd Gaming 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.

Boyd Gamings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=803.381/10886.03271
=7.38 %

Boyd Gaming'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 $884 Mil.



Boyd Gaming  (NYSE:BYD) 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.


Boyd Gaming Earnings Yield (Joel Greenblatt) % Related Terms

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


Boyd Gaming Business Description

Boyd Gaming logo
Traded in Other Exchanges
Address
6465 South Rainbow Boulevard, Las Vegas, NV, USA, 89118
Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Its business segments are separated by geographical regions: Las Vegas Locals; Downtown Las Vegas; and Midwest & South. Midwest & South holds the largest number of entertainment properties, and it generates most sales for the company. Boyd generates most of its revenue from its gaming operations.
Executives
Nelson Lori M. officer: SVP Fin Ops and Reporting 6465 S. RAINBOW BOULEVARD LAS VEGAS NV 89118
Clinton Uri officer: EVP,General Counsel,Secretary C/O MULTIMEDIA GAMES, INC. 206 WILD BASIN ROAD, BLDG. B, SUITE 400 AUSTIN TX 78746
Bogich Ted officer: Executive Vice President 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR LAS VEGAS NV 89169
Hirsberg Josh officer: Exec. V.P., Treasurer & CFO C/O BOYD GAMING CORPORATION 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR LAS VEGAS NV 89169
Mcduffie Anthony D officer: VP & Chief Accounting Officer C/O BOYD GAMING CORPORATION 6465 SOUTH RAINBOW BLVD LAS VEGAS NV 89118
Boyd William S director, 10 percent owner, officer: Co-Executive Chair 2950 SOUTH INDUSTRIAL ROAD LAS VEGAS NV 89109
Thompson Stephen S. officer: Executive Vice President 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR LAS VEGAS NV 89169
Boyd William R director, officer: Vice President
Smith Keith director, officer: President & CEO
Wilson Veronica J director C/O BOYD GAMING 2950 INDUSTRIAL RD LAS VEGAS NV 89109
Bailey John Robert director 1106 PALMS AIRPORT DRIVE LAS VEGAS NV 89119
Spadafor Christine J. director 3883 HOWARD HUGHES PARKWAY NINTH FLOOR LAS VEGAS NV 89169
Thoman A. Randall director 8360 S. DURANGO DR. LAS VEGAS NV 89113
Thomas Peter M director 2300 W. SAHARA AVENUE BOX ONE LAS VEGAS NV 89102
Whetsell Paul W director 4501 NORTH FAIRFAX DRIVE, SUITE 800 ARLINGTON VA 22203

Boyd Gaming Headlines

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