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KKR Earnings Yield (Joel Greenblatt) %

: 4.71% (As of Jun. 2022)
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KKR's Enterprise Value for the quarter that ended in Jun. 2022 was $103,225 Mil. KKR's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $4,866 Mil. KKR's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 4.71%.

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

KKR' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.31   Med: 8.75   Max: 19.19
Current: 6.12

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of KKR was 19.19%. The lowest was -0.31%. And the median was 8.75%.

KKR's Earnings Yield (Joel Greenblatt) % is ranked better than
51.07% of 654 companies
in the Asset Management industry
Industry Median: 5.92 vs KKR: 6.12

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) %. KKR's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 0.00%. 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.


KKR Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for KKR'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.

KKR 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 8.72 6.58 10.27 8.47 12.82

KKR 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 18.32 17.36 12.82 11.15 4.71

Competitive Comparison

For the Asset Management subindustry, KKR'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.

   

KKR Earnings Yield (Joel Greenblatt) % Distribution

For the Asset Management industry and Financial Services sector, KKR's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



KKR 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=14780.478/115250.577
=12.82 %

KKR'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 $4,866 Mil.



KKR  (NYSE:KKR) 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.


KKR Earnings Yield (Joel Greenblatt) % Related Terms

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


KKR Business Description

KKR logo
Industry
Address
30 Hudson Yards, New York, NY, USA, 10001
KKR is one of the world's largest alternative asset managers, with $459.1 billion in total assets under management, including $349.1 billion in fee-earning AUM, at the end of September 2021. The company has two core segments: asset management (which includes private markets--private equity, credit, infrastructure, energy and real estate--and public markets-- primarily credit and hedge/investment fund platforms) and insurance (following the February 2021 purchase of a 61.5% economic stake in Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance). On the asset management side, private markets accounts for 42% of fee-earning AUM and 67% of base management fees, while public markets account for 58% and 33%, respectively.
Executives
Stork Ryan officer: Chief Operating Officer 30 HUDSON YARDS NEW YORK NY 10001
Cohler Matt director 2480 SAND HILL ROAD, SUITE 200 MENLO PARK CA 94025
Spiegel Evan director C/O SNAP INC. 3000 31ST STREET SANTA MONICA CA 90405
Brown Adriane M director 3150 139TH AVENUE S.E. BELLEVUE WA 98040
Gutierrez Arturo director C/O KKR & CO. INC. 30 HUDSON YARDS NEW YORK NY 10001
Holmes Dane E director C/O GOLDMAN SACHS & CO. LLC 200 WEST STREET NEW YORK NY 10282
Lewin Robert H officer: Chief Financial Officer C/O KKR & CO. INC. 9 WEST 57TH STREET, SUITE 4200 NEW YORK NY 10019
Dillon Mary N director ULTA BEAUTY, INC. 1000 REMINGTON BLVD SUITE 120 BOLINGBROOK IL 60440
Niel Xavier Bruno director 16 RUE DE LA VILLE L'EVEQUE PARIS I0 75008
Valueact Capital Management, L.p. 10 percent owner ONE LETTERMAN DRIVE BUILDING D, 4TH FLOOR SAN FRANCISCO CA 94129
Valueact Capital Management, Llc 10 percent owner ONE LETTERMAN DRIVE BUILDING D, 4TH FLOOR SAN FRANCISCO CA 94129
Va Partners I, Llc 10 percent owner ONE LETTERMAN DRIVE BUILDING D, 4TH FLOOR SAN FRANCISCO CA 94129
Valueact Capital Master Fund, L.p. 10 percent owner ONE LETTERMAN DRIVE BUILDING D, 4TH FLOOR SAN FRANCISCO CA 94129
Valueact Capital Mfb Holdings, L.p. 10 percent owner ONE LETTERMAN DRIVE BUILDING D, FOURTH FLOOR SAN FRANCISCO CA 94129
Valueact Holdings Gp, Llc 10 percent owner ONE LETTERMAN DRIVE BUILDING D, 4TH FLOOR SAN FRANCISCO CA 94129

KKR Headlines

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