What is Summit Materials Earnings Yield (Joel Greenblatt) %?
Summit Materials's Enterprise Value for the quarter that ended in Dec. 2023 was $6,566 Mil.
Summit Materials's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $509 Mil. Summit Materials's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 7.75%.
The historical rank and industry rank for Summit Materials's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SUM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.32 Med: 4.96 Max: 14.42
Current: 5.74
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Summit Materials was 14.42%. The lowest was -6.32%. And the median was 4.96%.
SUM's Earnings Yield (Joel Greenblatt) % is ranked better than 50.9% of 389
companies
in the Building Materials industry
Industry Median: 5.7
vs SUM: 5.74
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) %. Summit Materials's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 14.66%. 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.
Summit Materials Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Summit Materials'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.
Competitive Comparison of Summit Materials's Earnings Yield (Joel Greenblatt) %
For the Building Materials subindustry, Summit Materials'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.
Summit Materials's Earnings Yield (Joel Greenblatt) % Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Summit Materials's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Summit Materials'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.
Summit Materialss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Summit Materials'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 $509 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.
Summit Materials Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Summit Materials's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Summit Materials (Summit Materials) Business Description
Summit Materials Inc is an aggregates supplier and cement producer in the United States. The company sells products that include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies to surrounding states along the Mississippi River from Minnesota to Louisiana. In addition to supplying aggregates to customers, the company uses a portion of its materials internally to produce ready-mix concrete and asphalt paving mix, which may be sold externally or used in its paving and related services businesses. The company operates in 22 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through their platforms.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SUM has been successfully added to your 