GURUFOCUS.COM » STOCK LIST » USA » NYSE » General Motors Co (NYSE:GM) » Definitions » Earnings Yield (Joel Greenblatt) %
Switch to:

General Motors Co Earnings Yield (Joel Greenblatt) %

: 7.82% (As of Jun. 2022)
View and export this data going back to 2010. Start your Free Trial

General Motors Co's Enterprise Value for the quarter that ended in Jun. 2022 was $135,614 Mil. General Motors Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $10,603 Mil. General Motors Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 7.82%.

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

GM' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -68.78   Med: 8.08   Max: 38.09
Current: 7.58

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of General Motors Co was 38.09%. The lowest was -68.78%. And the median was 8.08%.

GM's Earnings Yield (Joel Greenblatt) % is ranked better than
64.86% of 1238 companies
in the Vehicles & Parts industry
Industry Median: 4.73 vs GM: 7.58

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 Motors Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was -16.16%. 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 Motors Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for General Motors 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.

General Motors 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 9.64 7.14 6.02 6.35 7.78

General Motors 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 9.78 8.71 7.78 7.94 7.82

Competitive Comparison

For the Auto Manufacturers subindustry, General Motors 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.

   

General Motors Co Earnings Yield (Joel Greenblatt) % Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, General Motors Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



General Motors 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=13666/175731
=7.78 %

General Motors 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 $10,603 Mil.



General Motors Co  (NYSE:GM) 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 Motors Co Earnings Yield (Joel Greenblatt) % Related Terms

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


General Motors Co Business Description

General Motors Co logo
Address
300 Renaissance Center, Detroit, MI, USA, 48265-3000
General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial. The United States now has four brands instead of eight under old GM. The company lost its U.S. market share leader crown in 2021 with share down 280 basis points to 14.6%, but we expect GM to reclaim the top spot in 2022 due to 2021 suffering from the chip shortage. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.
Executives
Bhusri Aneel director
Tatum Mark A. director 300 RENAISSANCE CENTER M/C: 482-C24-A68 DETROIT MI 48265
Whitman Margaret C director EBAY INC. 2145 HAMILTON AVENUE SAN JOSE CA 95125
Carlisle Stephen K. officer: Executive Vice President 300 RENAISSANCE CENTER M/C: 482-C24-A68 DETROIT MI 48265
Jacobson Paul A officer: Executive Vice President & CFO 300 RENAISSANCE CENTER M/C: 482-C24-A68 DETROIT MI 48265
Stapleton John P. officer: CFO 300 RENAISSANCE CENTER M/C: 482-C24-A68 DETROIT MI 48265
Blissett Julian G. officer: Executive Vice President 300 RENAISSANCE CENTER M/C: 482-C24-A68 DETROIT MI 48265
Parks Douglas L officer: Executive Vice President 300 RENAISSANCE CENTER M/C: 482-C23-A68 DETROIT MI 48265
Johnson Gerald officer: Executive Vice President 300 RENAISSANCE CENTER M/C: 482-C23-A68 DETROIT MI 48265
Bush Wesley G director 333 MAPLE AVENUE EAST #3080 VIENNA VA 22180
Miscik Judith A director 300 RENAISSANCE CENTER M/C: 482-C24-A68 DETROIT MI 48265
Suryadevara Dhivya officer: Executive Vice President & CFO 300 RENAISSANCE CENTER M/C: 482-C23-A68 DETROIT MI 48265
Hatto Christopher officer: VP, Controller & CAO 27175 HAGGERTY ROAD NOVI MI 49377
Wenig Devin director C/O EBAY INC. 2025 HAMILTON AVENUE SAN JOSE CA 95125
Boler-davis Alicia S officer: Executive Vice President 300 RENAISSANCE CENTER M/C: 482-C23-D24 DETROIT MI 48265-3000

General Motors Co Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)