What is Jacobs Solutions Earnings Yield (Joel Greenblatt) %?
Jacobs Solutions's Enterprise Value for the quarter that ended in Dec. 2023 was $19,437 Mil.
Jacobs Solutions's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1,056 Mil. Jacobs Solutions's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 5.43%.
The historical rank and industry rank for Jacobs Solutions's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
J'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.51 Med: 4.89 Max: 11.21
Current: 5.15
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Jacobs Solutions was 11.21%. The lowest was 1.51%. And the median was 4.89%.
J's Earnings Yield (Joel Greenblatt) % is ranked worse than 57.94% of 1695
companies
in the Construction industry
Industry Median: 6.54
vs J: 5.15
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) %. Jacobs Solutions's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 22.77%. 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.
Jacobs Solutions Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Jacobs Solutions'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.
Competitive Comparison of Jacobs Solutions's Earnings Yield (Joel Greenblatt) %
For the Engineering & Construction subindustry, Jacobs Solutions'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.
Jacobs Solutions's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Jacobs Solutions's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Jacobs Solutions's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Jacobs Solutionss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as
Jacobs Solutions'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 $1,056 Mil.
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.
Jacobs Solutions Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Jacobs Solutions's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jacobs Solutions (Jacobs Solutions) Business Description
Jacobs Solutions is a global provider of engineering, design, procurement, construction, and maintenance services as well as cyber engineering and security solutions. The firm serves industrial, commercial, and government clients in a wide variety of sectors, including water, transportation, healthcare, technology, and chemicals. Jacobs Solutions employs approximately 60,000 workers. The company generated $16.4 billion in revenue and $1.3 billion in adjusted operating income in fiscal 2023.
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