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NRG Energy's Enterprise Value for the quarter that ended in Mar. 2024 was $25,341 Mil. NRG Energy's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $2,824 Mil. NRG Energy's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 11.15%.
The historical rank and industry rank for NRG Energy's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of NRG Energy was 34.83%. The lowest was -17.48%. And the median was 3.41%.
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) %. NRG Energy's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 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.
The historical data trend for NRG Energy'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.
NRG Energy Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 7.49 | 8.12 | 18.05 | 13.70 | 2.08 |
NRG Energy Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | -8.94 | -9.80 | -8.01 | 2.08 | 11.15 |
For the Utilities - Independent Power Producers subindustry, NRG Energy'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.
For the Utilities - Independent Power Producers industry and Utilities sector, NRG Energy's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NRG Energy'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.
NRG Energys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | 454 | / | 21840.3727 | |
= | 2.08 % |
NRG Energy's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,824 Mil.
NRG Energy (NYSE:NRG) 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.
Thank you for viewing the detailed overview of NRG Energy's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Rasesh M. Patel | officer: Exec VP, Vivint | C/O VIVINT SMART HOME, INC., 4931 NORTH 300 WEST, PROVO UT 84604 |
Elisabeth B Donohue | director | C/O SYNACOR, INC., 40 LA RIVIERE DRIVE, SUITE 300, BUFFALO NY 14202 |
Heather Cox | director | 804 CARNEGIE CENTER, PRINCETON NJ 08540 |
Paul W Hobby | director | 4400 POST OAK PARKWAY, HOUSTON TX 77027 |
Lawrence S Coben | director | SUNRISE CAPITAL, 685 THIRD AVE 15TH FLOOR, NEW YORK NY 10017-4024 |
Mauricio Gutierrez | officer: Exec VP & Chief Operating Ofc | 211 CARNEGIE CENTER, PRINCETON NJ 08540 |
Antonio Carrillo | director | 500 N AKARD ST. SUITE 400, DALLAS TX 75201 |
Bruce Chung | officer: EVP, Strategy and NRG Services | 804 CARNEGIE CENTER, PRINCETON NJ 08540 |
Emily Picarello | officer: Vice Pres & Corp Controller | 804 CARNEGIE CENTER, PRINCETON NJ 08540 |
Robert J Gaudette | officer: Senior VP, Business Solutions | 1155 PERIMETER CENTER WEST, ATLANTA GA 30342 |
Elizabeth R Killinger | officer: Sr. VP & President,NRG Retail | NRG ENERGY, INC., 211 CARNEGIE CENTER, PRINCETON NJ 08540 |
Christopher Moser | officer: Exec Vice Pres, Operations | 804 CARNEGIE CENTER, PRINCETON NJ 08540 |
David Callen | officer: Chief Accounting Offficer | NRG ENERGY, INC., 211 CARNEGIE CENTER, PRINCETON NJ 08540 |
Alberto Fornaro | officer: Executive Vice Pres & CFO | 1415 W. 22ND STREET, SUITE 1100, OAK BROOK IL 60523 |
Gaetan Frotte | officer: Interim CFO, Sr VP & Treasurer | 804 CARNEGIE CENTER, PRINCETON NJ 08540 |
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