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Korn Ferry Earnings Yield (Joel Greenblatt) %

: 9.83% (As of Oct. 2021)
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Korn Ferry's Enterprise Value for the quarter that ended in Oct. 2021 was $3,984 Mil. Korn Ferry's EBIT for the trailing twelve months (TTM) ended in Oct. 2021 was $392 Mil. Korn Ferry's Earnings Yield (Joel Greenblatt) for the quarter that ended in Oct. 2021 was 9.83%.

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

NYSE:KFY' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.65   Med: 8.55   Max: 30.91
Current: 11.78

2.65
30.91

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Korn Ferry was 30.91%. The lowest was 2.65%. And the median was 8.55%.

NYSE:KFY's Earnings Yield (Joel Greenblatt) % is ranked higher than
80% of the 1064 Companies
in the Business Services industry.

( Industry Median: 4.18 vs. NYSE:KFY: 11.78 )

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) %. Korn Ferry's Forward Rate of Return (Yacktman) % for the quarter that ended in Oct. 2021 was 14.92%. 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.


Korn Ferry Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Korn Ferry'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.

Korn Ferry Annual Data
Trend Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.73 8.06 6.74 11.78 5.75

Korn Ferry Quarterly Data
Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21
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 3.87 4.60 5.75 9.16 9.83

Competitive Comparison

For the Staffing & Employment Services subindustry, Korn Ferry'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.

   

Korn Ferry Earnings Yield (Joel Greenblatt) % Distribution

For the Business Services industry and Industrials sector, Korn Ferry's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Korn Ferry 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.

Korn Ferrys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Apr. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=192.978/3353.32212
=5.75 %

Korn Ferry's EBIT for the trailing twelve months (TTM) ended in Oct. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $392 Mil.



Korn Ferry  (NYSE:KFY) 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.


Korn Ferry Earnings Yield (Joel Greenblatt) % Related Terms

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


Korn Ferry Business Description

Korn Ferry logo
Industry
Industrials » Business Services NAICS : 561311 SIC : 7361
Traded in Other Exchanges
Address
1900 Avenue of the Stars, Suite 2600, Los Angeles, CA, USA, 90067
Korn Ferry is a United States-based firm engaged in organizational consulting and management recruitment that helps clients fill mid- to high-level management positions. The largest of its revenue segments is its advisory segment, which provides consulting services related to organizational structure. The executive search segment provides executive-level talent sourcing. The recruitment process outsourcing and professional search segment provide broad-level talent sourcing and digital segment. The company has operations in North America, Asia-Pacific, Latin America, and other regions.
Executives
Burnison Gary D director, officer: CEO C/O KORN FERRY INTERNATIONAL 800 CENTURY PARK EAST STE 900 LOS ANGELES CA 90067
Gold Christina A director C/O ITT CORPORATION 1133 WESTCHESTER AVENUE WHITE PLAINS NY 10604
Martinez Angel R director C/O TUPPERWARE BRANDS CORP PO BOX 2353 ORLANDO FL 32802-2353
Beneby Doyle N director C/O KORN FERRY INTERNATIONAL 1900 AVENUE OF THE STARS, SUITE 2600 LOS ANGELES CA 90067
Shaheen George T director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SHAHEEN GEORGE T a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Perry Debra J director 515 RIDGEWOOD AVENUE GLEN RIDGE NJ 07028
Leamon Jerry director C/O KORN/FERRY INTERNATIONAL 1900 AVENUE OF THE STARS, SUITE 2600 LOS ANGELES CA 90067
Robinson Lori Jean director 5875 LANDERBROOK DRIVE SUITE 220 CLEVELAND OH 44124
Rozek Robert P officer: EVP, CFO & CCO 343 STATE STREET ROCHESTER NY 146500211
Mulrooney Byrne K officer: CEO-RPO, Pro. Srch. & Dig. 2050 SPECTRUM BOULEVARD FT. LAUDERDALE FL 33309
Arian Mark officer: CEO of Advisory C/O KORN/FERRY INTERNATIONAL 1900 AVE. OF THE STARS, SUITE 2600 LOS ANGELES CA 90067
Lauer Len J director 2001 EDMUND HALLEY DRIVE RESTON VA 20191
Floyd William R director ONE THOUSAND BEVERLY WAY FORT SMITH AR 72919
Kaye Stephen D officer: CEO of Hay Group C/O KORN FERRY INTERNATIONAL 1900 AVENUE OF THE STARS, SUITE 2600 LOS ANGELES CA 90067
Hg (bermuda) Ltd 10 percent owner SE PEARMAN BUILDING, 3RD FLOOR 9 PAR-LA-VILLE ROAD HAMILTON D0 HM 08

Korn Ferry Headlines

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