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Comfort Systems USA Earnings Yield (Joel Greenblatt) %

: 6.15% (As of Jun. 2022)
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Comfort Systems USA's Enterprise Value for the quarter that ended in Jun. 2022 was $3,425 Mil. Comfort Systems USA's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $211 Mil. Comfort Systems USA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 6.15%.

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

FIX' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10.06   Med: 6.84   Max: 11.38
Current: 4.98

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Comfort Systems USA was 11.38%. The lowest was -10.06%. And the median was 6.84%.

FIX's Earnings Yield (Joel Greenblatt) % is ranked worse than
57.94% of 1612 companies
in the Construction industry
Industry Median: 6.64 vs FIX: 4.98

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) %. Comfort Systems USA's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 22.94%. 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.


Comfort Systems USA Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Comfort Systems 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.

Comfort Systems USA 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 6.26 9.23 7.66 9.09 4.85

Comfort Systems USA 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 6.40 6.91 4.85 5.50 6.15

Competitive Comparison

For the Engineering & Construction subindustry, Comfort Systems 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.

   

Comfort Systems USA Earnings Yield (Joel Greenblatt) % Distribution

For the Construction industry and Industrials sector, Comfort Systems USA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Comfort Systems 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.

Comfort Systems USAs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=195.253/4026.84854
=4.85 %

Comfort Systems USA'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 $211 Mil.



Comfort Systems USA  (NYSE:FIX) 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.


Comfort Systems USA Earnings Yield (Joel Greenblatt) % Related Terms

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


Comfort Systems USA Business Description

Comfort Systems USA logo
Industry
Traded in Other Exchanges
Address
675 Bering Drive, Suite 400, Houston, TX, USA, 77057
Comfort Systems USA Inc provides comprehensive mechanical contracting services, including heating, ventilation, and air conditioning, or HVAC; plumbing; piping and controls; construction; and other electrical components. Projects are primarily for commercial, industrial, and institutional buildings, and tend to be geared toward HVAC. Revenue is roughly split between installation services in newly constructed facilities, and maintenance services for existing buildings. Replacing existing air systems with modern, energy-efficient systems can reduce a building's costs and improve the environment within the designated area. The company installs and repairs products and systems throughout the United States.
Executives
Reed Terrence officer: SVP of People and Leadership C/O COMFORT SYSTEMS USA, INC. 675 BERING DRIVE, SUITE 400 HOUSTON TX 77057
Wallis-lage Cindy L. director C/O COMFORT SYSTEMS USA, INC. 675 BERING DRIVE, SUITE 400 HOUSTON TX 77057
Young Terrence Andrew officer: Senior Vice President Service 675 BERING DRIVE SUITE 400 HOUSTON TX 77057
Howell Laura Finley officer: VP, General Counsel, Secretary 675 BERING DRIVE SUITE 400 HOUSTON TX 77057
Mercado, Pablo G. director 920 MEMORIAL CITY WAY, SUITE 800 HOUSTON TX 77024
Sandbrook William J director C/O U.S. CONCRETE, INC. 331 N. MAIN STREET EULESS TX 76039
Giardenelli Alfred J Jr director
Mylett James Matthew officer: Senior Vice President 675 BERING DRIVE, SUITE 400 HOUSTON TX 77057
Tang Vance W director C/O KONE INC. 4225 NAPERVILLE ROAD, SUITE 400 LISLE IL 60532
Skidmore Constance Ellen director 675 BERING DRIVE SUITE 400 HOUSTON TX 77057
Schultz James H director COMFORT SYSTEMS USA, INC. 675 BERING DRIVE, SUITE 400 HOUSTON TX 77057
Anderson Darcy director C/O PEROT SYSTEMS CORP 2300 WEST PLANO PKWY PLANO TX 75075
Krusi Alan director AECOM 555 SOUTH FLOWER ST. 37TH FLOOR LOS ANGELES CA 90071
Bulls Herman E director JONES LANG LASALLE 1801 K STREET NW SUITE 1000 WASHINGTON DC 20006
Wagner Robert D director COMFORT SYSTEMS USA, INC. 675 BERING DRIVE, SUITE 400 HOUSTON TX 77057

Comfort Systems USA Headlines

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