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Snap-on Earnings Yield (Joel Greenblatt) %

: 10.99% (As of Jun. 2022)
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Snap-on's Enterprise Value for the quarter that ended in Jun. 2022 was $10,947 Mil. Snap-on's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $1,203 Mil. Snap-on's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 10.99%.

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

SNA' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.56   Med: 8.78   Max: 14.72
Current: 9.53

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Snap-on was 14.72%. The lowest was 6.56%. And the median was 8.78%.

SNA's Earnings Yield (Joel Greenblatt) % is ranked better than
73.05% of 2768 companies
in the Industrial Products industry
Industry Median: 4.41 vs SNA: 9.53

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) %. Snap-on's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 13.07%. 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.


Snap-on Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Snap-on'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.

Snap-on 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 7.96 10.56 9.43 9.02 9.50

Snap-on 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 8.74 9.56 9.50 10.05 10.99

Competitive Comparison

For the Tools & Accessories subindustry, Snap-on'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.

   

Snap-on Earnings Yield (Joel Greenblatt) % Distribution

For the Industrial Products industry and Industrials sector, Snap-on's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Snap-on 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=1140/12003.667248
=9.50 %

Snap-on'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 $1,203 Mil.



Snap-on  (NYSE:SNA) 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.


Snap-on Earnings Yield (Joel Greenblatt) % Related Terms

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


Snap-on Business Description

Snap-on logo
Industry
Address
2801 80th Street, Kenosha, WI, USA, 53143
Snap-on is a manufacturer of premium tools and software for repair professionals. Hand tools are sold through franchisee-operated mobile vans that serve auto technicians who purchase tools at their own expense. A unique element of its business model is that franchisees bear significant risk, as they must invest in the mobile van, inventory, and software. At the same time, franchisees extend personal credit directly to technicians on an individual tool basis. Snap-on currently operates three segments-repair systems and information, commercial and industrial, and tools. The company's finance arm provides financing to franchisees to run their operations, which includes offering loans and leases for mobile vans.
Executives
Ozolins Marty V. officer: Vice President & Controller 2801 80TH STREET KENOSHA WI 53143
Arregui Jesus officer: Sr VP & President - Commercial 2801 80TH STREET KENOSHA WI 53143
Chambers Timothy L officer: Sr VP & Pres - Tools 2801 80TH STREET KENOSHA WI 53143
Miller Richard Thomas officer: VP, Gen Counsel & Secretary 2801 80TH STREET KENOSHA WI 53143
Lemerand June C officer: VP & Chief Information Officer 2801 80TH STREET KENOSHA WI 53143
Strege Richard K officer: Vice President & Controller 2801 80TH STREET KENOSHA WI 53143
Adams David Charles director C/O CURTISS-WRIGHT CORPORATION 4 BECKER FARM ROAD ROSELAND NJ 07068
Banerjee Anup R officer: Sr VP & Chief Devel. Officer 2801 80TH STREET KENOSHA WI 53143
Stebbins Donald J director C/O WABCO HOLDINGS INC. ONE CENTENNIAL AVENUE PISCATAWAY NJ 08855
Gillis Ruth Ann M director 10 SOUTH DEERBORN STREET 37TH FLOOR CHICAGO IL 80603
Knueppel Henry W director 200 STATE STREET BELOIT WI 53511
Sherrill Gregg M director 5757 N. GREEN BAY AVENUE P.O. BOX 591 MILWAUKEE WI 53201-0591
Pagliari Aldo John officer: SVP-Finance & CFO 2801 80TH STREET KENOSHA WI 53143
Jones Nathan J director DEERE & COMPANY ONE JOHN DEERE PLACE MOLINE IL 61265
Lehman William Dudley director

Snap-on Headlines

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