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Crane Co Earnings Yield (Joel Greenblatt) %

: 14.08% (As of Jun. 2022)
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Crane Co's Enterprise Value for the quarter that ended in Jun. 2022 was $5,245 Mil. Crane Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $739 Mil. Crane Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 14.08%.

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

CR' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.89   Med: 7.49   Max: 14.41
Current: 11.82

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Crane Co was 14.41%. The lowest was 0.89%. And the median was 7.49%.

CR's Earnings Yield (Joel Greenblatt) % is ranked better than
78.84% of 2769 companies
in the Industrial Products industry
Industry Median: 4.41 vs CR: 11.82

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) %. Crane Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 14.00%. 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.


Crane Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Crane Co'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.

Crane Co 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 7.56 9.43 3.28 4.86 8.25

Crane Co 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 7.42 8.35 8.25 7.76 14.08

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Crane Co'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.

   

Crane Co Earnings Yield (Joel Greenblatt) % Distribution

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

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



Crane Co 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=524.2/6352.046107
=8.25 %

Crane Co'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 $739 Mil.



Crane Co  (NYSE:CR) 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.


Crane Co Earnings Yield (Joel Greenblatt) % Related Terms

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


Crane Co Business Description

Crane Co logo
Industry
Traded in Other Exchanges
Address
100 First Stamford Place, Stamford, CT, USA, 06902
Crane Co. is a diversified industrial firm manufacturing a broad range of products, including valves, vending equipment, payment acceptance equipment, and aerospace components. The firm's business is organized into three segments: process flow technologies, payment & merchandising technologies, and aerospace & electronics. Headquartered in Stamford, Connecticut, Crane has approximately 11,000 employees and operates in 32 countries. Crane generated approximately $3.2 billion in revenue and $501 million in adjusted operating income in 2021.
Executives
Grisham Scott A. officer: SVP Bus. Dev. & Strategy 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Polmanteer Tamara S. officer: Senior Vice President, CHRO 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Stroup John S director 1 N. BRENTWOOD BLVD. SUITE 1500 ST. LOUIS MO 63105
Alcala Alejandro officer: Senior Vice President 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Cristiano Christina officer: V.P., Controller & PAO 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Dinkins Michael director 6166 NW 85TH WAY PARKLAND FL 33067
Gallo Kurt F. officer: Sr. VP, Payment & Merch. Tech. 100 FIRST STAMFORD PLACE STAMFORD CT 06902
D'iorio Anthony M. officer: General Counsel & Secretary 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Haime Ellen Mcclain director 767 THIRD AVE 34TH FL NEW YORK NY 10022
Cook Donald G director 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Pollino Jennifer director C/O GOODRICH CORPORATION 2730 W. TYVOLA ROAD CHARLOTTE NC 28217
Benante Martin R director C/O CURTISS WRIGHT CORP 1200 WALL ST WEST LYNDHURST NJ 07071
Scannell Peter O director 66 FIELD POINT ROAD GREENWICH CT 06830
Lindsay Ronald Carter director 100 FIRST STAMFORD PLACE STAMFORD CT 06902
Lochner Philip R director 699 LAKE AVENUE GREENWICH CT 06830

Crane Co Headlines

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