Procter & Gamble Co's Enterprise Value for the quarter that ended in Jun. 2022 was $370,392 Mil.
Procter & Gamble Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $18,434 Mil. Procter & Gamble Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 4.98%.
The historical rank and industry rank for Procter & Gamble Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.98 Med: 5.18 Max: 7.42
Current: 4.8
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Procter & Gamble Co was 7.42%. The lowest was 1.98%. And the median was 5.18%.
PG's Earnings Yield (Joel Greenblatt) % is ranked better than 50.33% of 1840
companies
in the Consumer Packaged Goods industry
Industry Median: 4.77
vs PG: 4.80
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) %. Procter & Gamble Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 11.65%. 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.
Procter & Gamble Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Procter & Gamble Co'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.
Procter & Gamble Co Annual Data
Trend
Jun13
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
Jun22
Earnings Yield (Joel Greenblatt) %
6.40
2.22
5.14
5.15
4.98
Procter & Gamble Co 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) %
5.15
4.93
4.35
4.67
4.98
Competitive Comparison
For the Household & Personal Products subindustry, Procter & Gamble Co'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.
Procter & Gamble Co Earnings Yield (Joel Greenblatt) % Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, Procter & Gamble Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Procter & Gamble Co's Earnings Yield (Joel Greenblatt) % falls into.
Procter & Gamble Co 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.
Procter & Gamble Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2022 is calculated as
Procter & Gamble Co'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 $18,434 Mil.
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.
Procter & Gamble Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Procter & Gamble Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Since its founding in 1837, Procter & Gamble has become one of the world's largest consumer product manufacturers, generating more than $75 billion in annual sales. It operates with a lineup of leading brands, including 21 that generate more than $1 billion each in annual global sales, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. P&G sold its last remaining food brand, Pringles, to Kellogg in calendar 2012. Sales outside its home turf represent around 55% of the firm's consolidated total, with around one third coming from emerging markets.
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