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Louisiana-Pacific Earnings Yield (Joel Greenblatt) %

: 46.51% (As of Jun. 2022)
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Louisiana-Pacific's Enterprise Value for the quarter that ended in Jun. 2022 was $3,938 Mil. Louisiana-Pacific's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $1,829 Mil. Louisiana-Pacific's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 46.51%.

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

LPX' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.47   Med: 6.19   Max: 44.09
Current: 41.89

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Louisiana-Pacific was 44.09%. The lowest was -9.47%. And the median was 6.19%.

LPX's Earnings Yield (Joel Greenblatt) % is ranked better than
94.51% of 1620 companies
in the Construction industry
Industry Median: 6.65 vs LPX: 41.89

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) %. Louisiana-Pacific's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 31.11%. 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.


Louisiana-Pacific Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Louisiana-Pacific'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.

Louisiana-Pacific 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 16.23 21.46 -0.17 16.72 26.74

Louisiana-Pacific 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 28.17 34.60 26.74 39.84 46.51

Competitive Comparison

For the Building Products & Equipment subindustry, Louisiana-Pacific'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.

   

Louisiana-Pacific Earnings Yield (Joel Greenblatt) % Distribution

For the Construction industry and Industrials sector, Louisiana-Pacific's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Louisiana-Pacific 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=1807/6752.588435
=26.76 %

Louisiana-Pacific'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 $1,829 Mil.



Louisiana-Pacific  (NYSE:LPX) 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.


Louisiana-Pacific Earnings Yield (Joel Greenblatt) % Related Terms

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


Louisiana-Pacific Business Description

Louisiana-Pacific logo
Industry
Traded in Other Exchanges
Address
414 Union Street, Suite 2000, Nashville, TN, USA, 37219
Louisiana-Pacific Corp is primarily an oriented strand board producer while offering engineered wood siding and engineered wood products used in home construction. The company's segment includes Siding; OSB; EWP and South America. It generates maximum revenue from the Siding segment. The Siding segment serves diverse end markets with a broad product offering of engineered wood siding, trim, and fascia, including LP SmartSide Trim and Siding, LP SmartSide ExpertFinish Trim and Siding, LP BuilderSeries Lap Siding, and LP Outdoor Building Solutions.
Executives
Mason Jimmy Earl officer: EVP & General Manager of OSB 414 UNION STREET SUITE 2000 NASHVILLE TN 37219-1711
Bayardo Jose A director 11700 OLD KATY ROAD SUITE 300 HOUSTON TX 77079
Everhart Robin H officer: SVP, CHRO 414 UNION STREET SUITE 2000 NASHVILLE TN 37219
Blosser Michael W officer: SVP, Manufacturing Services 414 UNION STREET SUITE 2000 NASHVILLE TN 37219
Daniel Nicole C. officer: SVP, General Counsel 414 UNION STREET NASHVILLE TN 37219
Doyle Derek Nelson officer: Principal Accounting Officer 414 UNION STREET, SUITE 2000 NASHVILLE TN 37219
Grasberger F Nicholas Iii director 350 POPLAR CHURCH ROAD CAMP HILL PA 17011
Martin Joseph Richards officer: Interim General Counsel C/O LOUISIANA-PACIFIC CORPORATION 414 UNION STREET, SUITE 2000 NASHVILLE TN 37219
Macadam Stephen E. director C/O ENPRO INDUSTRIES, INC. 5605 CARNEGIE BLVD., STE. 500 CHARLOTTE NC 28209
Haughie Alan officer: EVP, CFO 860 RIDGE LAKE BLVD. MEMPHIS TN 38120
Kinney Michael Emory officer: Interim CFO 411 UNION STREET NASHVILLE TN 37219
Mann Timothy Jr officer: EVP, General Counsel 1000 ABERNATHY ROAD N.E. SUITE 1200 ATLANTA GA 30328
Ringbloom Jason Paul officer: EVP OSB 414 UNION STREET NASHVILLE TN 37219
Horton Ozey K Jr director 200 OLD WILSON BRIDGE ROAD COLUMBUS OH 43085
Embree Tracy A director 500 JACKSON STREET COLUMBUS IN 47201

Louisiana-Pacific Headlines

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