What is Titan International Earnings Yield (Joel Greenblatt) %?
Titan International's Enterprise Value for the quarter that ended in Dec. 2023 was $1,121 Mil.
Titan International's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $129 Mil. Titan International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 11.47%.
The historical rank and industry rank for Titan International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TWI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.52 Med: 0.67 Max: 27.46
Current: 11.99
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Titan International was 27.46%. The lowest was -16.52%. And the median was 0.67%.
TWI's Earnings Yield (Joel Greenblatt) % is ranked better than 73.33% of 210
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 6.695
vs TWI: 11.99
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) %. Titan International's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 24.73%. 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.
Titan International Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Titan International'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.
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Titan International Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Titan International's Earnings Yield (Joel Greenblatt) %
For the Farm & Heavy Construction Machinery subindustry, Titan International'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.
Titan International's Earnings Yield (Joel Greenblatt) % Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Titan International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Titan International's Earnings Yield (Joel Greenblatt) % falls into.
Titan International 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.
Titan Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Titan International'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 $129 Mil.
Titan International (NYSE:TWI) 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.
Titan International Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Titan International's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Titan International (Titan International) Business Description
Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Europe / CIS, Latin America and Other international. Titan derives most of the revenue from Agricultural segment which manufacture various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.
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