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S&P Global Earnings Yield (Joel Greenblatt) %

: 4.39% (As of Jun. 2022)
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S&P Global's Enterprise Value for the quarter that ended in Jun. 2022 was $123,628 Mil. S&P Global's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $5,425 Mil. S&P Global's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 4.39%.

The historical rank and industry rank for S&P Global's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

SPGI' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.41   Med: 5.4   Max: 11.07
Current: 3.93

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of S&P Global was 11.07%. The lowest was 0.41%. And the median was 5.40%.

SPGI's Earnings Yield (Joel Greenblatt) % is ranked better than
52.15% of 650 companies
in the Capital Markets industry
Industry Median: 3.22 vs SPGI: 3.93

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) %. S&P Global's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 15.76%. 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.


S&P Global Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for S&P Global'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.

S&P Global 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 5.77 6.16 4.34 4.07 3.71

S&P Global 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 3.55 3.87 3.71 3.40 4.39

Competitive Comparison

For the Financial Data & Stock Exchanges subindustry, S&P Global'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.

   

S&P Global Earnings Yield (Joel Greenblatt) % Distribution

For the Capital Markets industry and Financial Services sector, S&P Global's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where S&P Global's Earnings Yield (Joel Greenblatt) % falls into.



S&P Global 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.

S&P Globals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=4283/115433.13
=3.71 %

S&P Global'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 $5,425 Mil.



S&P Global  (NYSE:SPGI) 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.


S&P Global Earnings Yield (Joel Greenblatt) % Related Terms

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


S&P Global Business Description

S&P Global logo
Industry
Address
55 Water Street, New York, NY, USA, 10041
S&P Global provides data and benchmarks to capital and commodity market participants. In 2021 and excluding IHS Markit, S&P Ratings was over 45% of the firm's revenue and over 55% of the firm's operating income. S&P Ratings is the largest credit rating agency in the world. The firm's other segments include Market Intelligence, Indices, and Platts. Market Intelligence provides desktop tools and other data solutions to investment banks, corporations, and other entities. Indices provides benchmarks for financial markets and is monetized through subscriptions, asset-based fees, and transaction-based royalties. Platts provides benchmarks to commodity markets, principally petroleum.
Executives
Evans Gay Huey director SHIPPING & RECEIVING CENTER 16930 PARK ROW DR. HOUSTON TX 77084
Esculier Jacques director C/O AMERICAN STANDARD COMPANIES INC ONE CENTENNIAL AVENUE PISCATAWAY NJ 08855
Moore Sally officer: EVP, Strategic Alliances 55 WATER STREET NEW YORK NY 10041
Kansler Adam Jason officer: President, Market Intelligence C/O MARKIT LTD, 4TH FL, ROPEMAKER PLACE 25 ROPEMAKER STREET LONDON X0 EC2Y 9LY
Tavernier Edouard officer: Head of Global Transportation C/O IHS MARKIT LTD., 4TH FLOOR ROPEMAKER PLACE, 25 ROPEMAKER STREET LONDON, ENGLAND X0 EC2Y 9LY
Kelly Robert P director ONE MELLON CENTER PITTSBURGH PA 15258-0001
Mcwhinney Deborah D director PO BOX 40 EAST BROADWAY BUTTE MT 59701
Washington Gregory N director 55 WATER STREET 45TH FLOOR NEW YORK NY 10041
Saha Saugata officer: President, S&P Global Platts 55 WATER STREET NEW YORK NY 10041
Livingston Ian Paul director 55 WATER STREET NEW YORK NY 10041
Draper Daniel E officer: CEO, S&P Dow Jones Indices 55 WATER STREET NEW YORK NY 10041
William Amelio J. director C/O CHC GROUP LTD. 190 ELGIN AVENUE, GEORGE TOWN GRAND CAYMAN E9 KY1-9005
Craig Christopher officer: SVP and Controller 55 WATER STREET LEGAL DEPARTMENT NEW YORK NY 10041
Manis Dimitra officer: Chief People Officer 55 WATER STREET S&P GLOBAL, 45TH FLOOR NEW YORK NY 10041
Leroux Monique F. director S&P GLOBAL INC. 55 WATER STREET NEW YORK NY 10041

S&P Global Headlines

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