The historical rank and industry rank for Madison Square Garden Entertainment's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MSGE'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.75 Med: 4.61 Max: 5.41
Current: 4.59
During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of Madison Square Garden Entertainment was 5.41%. The lowest was 2.75%. And the median was 4.61%.
MSGE's Earnings Yield (Joel Greenblatt) % is ranked better than 52.64% of 853
companies
in the Travel & Leisure industry
Industry Median: 4.21
vs MSGE: 4.59
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) %. Madison Square Garden Entertainment's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
Madison Square Garden Entertainment Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
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Madison Square Garden Entertainment Earnings Yield (Joel Greenblatt) % Chart
Madison Square Garden Entertainment Annual Data
Trend
Jun20
Jun21
Jun22
Jun23
Earnings Yield (Joel Greenblatt) %
-
-
-
5.04
Madison Square Garden Entertainment Quarterly Data
Competitive Comparison of Madison Square Garden Entertainment's Earnings Yield (Joel Greenblatt) %
For the Leisure subindustry, Madison Square Garden Entertainment'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.
Madison Square Garden Entertainment's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Madison Square Garden Entertainment's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Madison Square Garden Entertainment's Earnings Yield (Joel Greenblatt) % falls into.
Madison Square Garden Entertainment 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.
Madison Square Garden Entertainment'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 $129.8 Mil.
Madison Square Garden Entertainment (NYSE:MSGE) 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.
Madison Square Garden Entertainment Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Madison Square Garden Entertainment's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Madison Square Garden Entertainment (Madison Square Garden Entertainment) Business Description
Madison Square Garden Entertainment Corp provides live entertainment, delivering unforgettable experiences while forging deep connections with diverse and passionate audiences. The company's portfolio includes a collection of world-renowned venues - New York's Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre - that showcase a broad array of sporting events, concerts, family shows, and special events for millions of guests annually. In addition, the company features the original production, the Christmas Spectacular Starring the Radio City Rockettes, which has been a holiday tradition for 89 years.
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