GURUFOCUS.COM » STOCK LIST » USA » NYSE » Tegna Inc (NYSE:TGNA) » Definitions » Earnings Yield (Joel Greenblatt) %
Switch to:

Tegna Earnings Yield (Joel Greenblatt) %

: 0.00% (As of Jun. 2022)
View and export this data going back to 1972. Start your Free Trial

Tegna's Enterprise Value for the quarter that ended in Jun. 2022 was $7,646 Mil. Tegna's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $862 Mil. Tegna's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 0.00%.

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

TGNA' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.09   Med: 10.55   Max: 31.04
Current: 10.7

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tegna was 31.04%. The lowest was 4.09%. And the median was 10.55%.

TGNA's Earnings Yield (Joel Greenblatt) % is ranked better than
75.15% of 1030 companies
in the Media - Diversified industry
Industry Median: 3.76 vs TGNA: 10.70

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) %. Tegna's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 18.27%. 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.


Tegna Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Tegna'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.

Tegna 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 8.78 13.61 7.37 12.67 10.82

Tegna 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 12.85 12.52 10.82 10.19 -

Competitive Comparison

For the Broadcasting subindustry, Tegna'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.

   

Tegna Earnings Yield (Joel Greenblatt) % Distribution

For the Media - Diversified industry and Communication Services sector, Tegna's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Tegna 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.

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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=799.328/7389.37536
=10.82 %

Tegna'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 $862 Mil.



Tegna  (NYSE:TGNA) 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.


Tegna Earnings Yield (Joel Greenblatt) % Related Terms

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


Tegna Business Description

Tegna logo
Traded in Other Exchanges
Address
8350 Broad Street, Suite 2000, Tysons, VA, USA, 22102-5151
Tegna Inc is a media company with a portfolio of broadcast stations and digital sites. The firm has around 64 television stations and 2 radio stations in approximately 51 U.S markets. The company owns multicast networks of True Crime Network and Quest. It generates key revenue from advertising and marketing services, subscription, political advertising, and other services.
Executives
Kim Soohyung 10 percent owner C/O STANDARD GENERAL L.P. 767 FIFTH AVENUE, 12TH FLOOR NEW YORK NY 10153
Standard General L.p. 10 percent owner 767 FIFTH AVENUE 12TH FLOOR NEW YORK NY 10153
Grimes Karen H. director TOLL BROTHERS, INC. 1140 VIRGINIA DRIVE FORT WASHINGTON PA 19034
Harrison Akinyale S. officer: SVP, General Counsel and Sec. C/O TEGNA INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107
Bianchini Gina L director 312 WALNUT STREET, SUITE 1800 CINCINNATI OH 45202
Epstein Stuart J. director C/O TEGNA INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107
Witmer Melinda director C/O TEGNA INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107
Trelstad Lynn B. officer: EVP and COO - Media Operations C/O TEGNA INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107
Nolop Bruce P director C/O E*TRADE FINANCIAL CORPORATE SERVICES 135 EAST 57TH STREET NEW YORK NY 10022
Mccune Scott K director C/O GANNETT CO., INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107
Shapiro Neal director GANNETT CO., INC. 7950 JONES BRANCH DRIVE MCLEAN VA 22107
Ness Susan director C/O ADELPHIA COMMUNICATIONS CORP 5619 DTC PARKWAY EDGEWOOD CO 80111
Elias Howard D director C/O EMC CORPORATION 176 SOUTH STREET HOPKINTON MA 01748
Greenthal Jill A director MARTHA STEWART LIVING OMNIMEDIA INC 11 WEST 42ND STREET 25TH FLOOR NEW YORK NY 10036
Mcgee Henry Wadsworth Iii director 1300 MORRIS DRIVE CHESTERBROOK PA 19087

Tegna Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)