GrafTech International (GrafTech International) Earnings Yield (Joel Greenblatt) % : -16.39% (As of Dec. 2023)

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What is GrafTech International Earnings Yield (Joel Greenblatt) %?

GrafTech International's Enterprise Value for the quarter that ended in Dec. 2023 was $1,311.2 Mil. GrafTech International's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-215.0 Mil. GrafTech International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -16.39%.

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

EAF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.85 Med: 16.53 Max: 31.76
Current: -18.48

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of GrafTech International was 31.76%. The lowest was -19.85%. And the median was 16.53%.

EAF's Earnings Yield (Joel Greenblatt) % is ranked worse than
93.71% of 3036 companies
in the Industrial Products industry
Industry Median: 4.42 vs EAF: -18.48

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) %. GrafTech International's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.

GrafTech International Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for GrafTech International'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.

GrafTech International Earnings Yield (Joel Greenblatt) % Chart

GrafTech International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Earnings Yield (Joel Greenblatt) %

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19.80

14.53

12.64

24.75

-16.39

GrafTech International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															24.75	16.81	9.64	3.86	-16.39

Competitive Comparison of GrafTech International's Earnings Yield (Joel Greenblatt) %

For the Electrical Equipment & Parts subindustry, GrafTech International'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.

GrafTech International's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry

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

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

GrafTech International 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.

GrafTech Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	-215.021	/	1311.22908
	=	-16.40 %

GrafTech International'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 $-215.0 Mil.

GrafTech International (NYSE:EAF) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

GrafTech International Earnings Yield (Joel Greenblatt) % Related Terms

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

GrafTech International (GrafTech International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GrafTech International Ltd (NYSE:EAF) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

EAF:Mexico G6G:Germany

Address

982 Keynote Circle, Brooklyn Heights, Independence, OH, USA, 44131

Website

https://www.graftech.com

GrafTech International Ltd is a producer of specialized graphite electrodes. The electrode is an essential part of the electric arc furnace process used in aluminum smelters and steel minimills. The company operates into one reporting segment namely Industrial Materials. The Industrial Materials segment manufactures high-quality graphite electrodes essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. It offers graphite electrodes and needle coke products.

Executives

Brookfield Private Funds Holdings Inc.	director, 10 percent owner	THREE WORLD FINANCIAL CENTER, 200 VESEY STREET, 11TH FLOOR, NEW YORK NY 10281
Bcp Gp Ltd	director, 10 percent owner, See Remarks	C/O BROOKFIELD ASSET MANAGEMENT INC., BROOKFIELD PLACE, 181 BAY STREET, SUITE, TORONTO A6 M5J2T3
Diego Donoso	director	2211 H.H. DOW WAY, MIDLAND MI 48674
Marcel Kessler	director, officer: CEO and President	982 KEYNOTE CIRCLE, BROOKLYN HEIGHTS OH 44131
Jean-marc Germain	director	982 KEYNOTE CIRCLE, BROOKLYN HEIGHTS OH 44131
Timothy K Flanagan	officer: CFO, VP Finance & Treasurer	C/O GRAFTECH INTERNATIONAL LTD., 982 KEYNOTE CIRCLE, BROOKLYN HEIGHTS OH 44131
David J. Rintoul	director, officer: President and CEO	600 GRANT STREET, SUITE 6100, PITTSBURGH PA 15219
Debra Fine	director	590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022
Henry R. Keizer	director	MONTPELIER HOUSE, 94 PITTS BAY ROAD, PEMBROKE D0 HM 08
Leslie D Dunn	director
Brookfield Business Partners Ltd	director, 10 percent owner	73 FRONT STREET, 5TH FLOOR, HAMILTON D0 HM12
Bcp Iv Bermuda Investor Lp	director, 10 percent owner	181 BAY STREET, SUITE 300, BROOKFIELD PLACE, TORONTO A6 M5J 2T3
Brookfield Private Equity Group Holdings Lp	director, 10 percent owner	C/O BROOKFIELD ASSET MANAGEMENT INC., BROOKFIELD PLACE, 181 BAY STREET, SUITE, TORONTO A6 M5J2T3
Brookfield Us Inc.	director, 10 percent owner	BROOKFIELD PLACE, 250 VESEY STREET, 15TH FLOOR, NEW YORK NY 10281-1023
Brookfield Private Equity Holdings Llc	director, 10 percent owner	C/O BROOKFIELD ASSET MANAGEMENT INC., BROOKFIELD PLACE, 250 VESEY STREET, NEW YORK NY 10281-1023