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General Mills Earnings Yield (Joel Greenblatt) %

: 7.87% (As of Feb. 2021)
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General Mills's Enterprise Value for the quarter that ended in Feb. 2021 was $45,050 Mil. General Mills's EBIT for the trailing twelve months (TTM) ended in Feb. 2021 was $3,544 Mil. General Mills's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2021 was 7.87%.

NYSE:GIS' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.64   Med: 6.37   Max: 10.14
Current: 7.32
4.64
10.14

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of General Mills was 10.14%. The lowest was 4.64%. And the median was 6.37%.

NYSE:GIS's Earnings Yield (Joel Greenblatt) % is ranked higher than
67% of the 1741 Companies
in the Consumer Packaged Goods industry.

( Industry Median: 4.60 vs. NYSE:GIS: 7.32 )

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) %. General Mills's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2021 was 11.01%. 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.

General Mills Earnings Yield (Joel Greenblatt) % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

General Mills Annual Data
May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.97 6.15 6.17 5.92 6.03

General Mills Quarterly Data
May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21
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 6.15 6.03 6.36 6.88 7.87
Competitive Comparison
* 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.

General Mills Earnings Yield (Joel Greenblatt) % Distribution

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


General Mills 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.

General Millss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in May. 2020 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=3072.7/50973.492
=6.03 %

General Mills's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT (TTM)/Enterprise Value
=3544.2/45,050
=7.87 %

General Mills's EBIT for the trailing twelve months (TTM) ended in Feb. 2021 was 935.4 (May. 2020 ) + 854.2 (Aug. 2020 ) + 917 (Nov. 2020 ) + 837.6 (Feb. 2021 ) = $3,544 Mil.


General Mills  (NYSE:GIS) 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.

General Mills Earnings Yield (Joel Greenblatt) % Related Terms

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