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Beazer Homes USA Earnings Yield (Joel Greenblatt) %

: 13.87% (As of Mar. 2022)
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Beazer Homes USA's Enterprise Value for the quarter that ended in Mar. 2022 was $1,378 Mil. Beazer Homes USA's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 was $191 Mil. Beazer Homes USA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2022 was 13.87%.

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

BZH' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10.77   Med: 3.23   Max: 14.26
Current: 13.91

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Beazer Homes USA was 14.26%. The lowest was -10.77%. And the median was 3.23%.

BZH's Earnings Yield (Joel Greenblatt) % is ranked better than
52.78% of 108 companies
in the Homebuilding & Construction industry
Industry Median: 12.62 vs BZH: 13.91

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) %. Beazer Homes USA's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2022 was 0.00%. 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.


Beazer Homes USA Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Beazer Homes USA'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.

Beazer Homes USA Annual Data
Trend Sep12 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 Premium Member Only 3.76 5.65 -5.87 6.44 10.79

Beazer Homes USA Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 7.66 9.89 10.79 10.36 13.87

Competitive Comparison

For the Residential Construction subindustry, Beazer Homes USA'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.

   

Beazer Homes USA Earnings Yield (Joel Greenblatt) % Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, Beazer Homes USA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Beazer Homes USA 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=146.869/1361.29395
=10.79 %

Beazer Homes USA's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $191 Mil.



Beazer Homes USA  (NYSE:BZH) 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.


Beazer Homes USA Earnings Yield (Joel Greenblatt) % Related Terms

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


Beazer Homes USA Business Description

Beazer Homes USA logo
Industry
Traded in Other Exchanges
Address
1000 Abernathy Road, Suite 260, Atlanta, GA, USA, 30328
Beazer Homes USA Inc is an American construction company that focuses on residential construction. The company specializes in single-family housing and multi-unit building construction in over 13 states and over 22 metro markets. Beazer Homes builds homes and communities that target first-time, move-up, and luxury homebuyers with an average selling price of roughly $300,000. From a geographic perspective, home sales in the western and eastern United States have been the leading sources of revenue for the company. Key metro areas include Atlanta, Las Vegas, Los Angeles, Orlando, and Tampa. The company also focuses on land purchasing and development to support future construction efforts as well as mortgage services for its homebuyers.
Executives
Salomon Robert L. officer: EVP, Chief Financial Officer 5535 LEXINGTON WOODS LANE ALPHARETTA GA 30005
Zelnak Stephen P Jr director MARTIN MARIETTA MATERIALS INC 2710 WYCLIFF ROAD RALEIGH NC 27607
Acton Elizabeth S director 5408 WALDENHILL COURT SUPERIOR TOWNSHIP MI 48198
Orser Peter M director 1000 ABERNATHY ROAD SUITE 260 ATLANTA GA 30328
Shepherd Danny R director VULCAN MATERIALS COMPANY 1200 URBAN CENTER DRIVE BIRMINGHAM AL 35242
Spitz David J director C/O CHANNELADVISOR CORPORATION 2701 AERIAL CENTER PARKWAY MORRISVILLE NC 27568
Belknap Keith L Jr officer: EVP, General Counsel 3585 ENGINEERING DRIVE SUITE 100 NORCROSS GA 30092
Provencio Norma Ann director 2150 ST. ELZEAR BLVD. WEST LAVAL A8 H7L 4A8
Merrill Allan P director, officer: Chairman, President and CEO BEAZER HOMES 1000 ABERNATHY RD, SUITE 1200 ATLANTA GA 30328
Winkle C Christian director ONE RAVINIA DRIVE STE 1500 ATLANTA GA 30346
Alpert Laurent director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: ALPERT LAURENT a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Beazer Brian C director C/O NUMEREX 1600 PARKWOOD CIRCLE #200 ATLANTA GA 30339-2119
Leemputte Peter G director CHICAGO TITLE CORP 171 N CLARK ST CHICAGO IL 80601
Khoury Kenneth F officer: Administration BEAZER HOMES 1000 ABERNATHY RD, SUITE 1200 ATLANTA GA 30328
Solari Larry T director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SOLARI LARRY T a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}

Beazer Homes USA Headlines

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