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Great-West Lifeco Earnings Yield (Joel Greenblatt) %

: 15.46% (As of Jun. 2021)
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Great-West Lifeco's Enterprise Value for the quarter that ended in Jun. 2021 was $20,206 Mil. Great-West Lifeco's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 was $3,092 Mil. Great-West Lifeco's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2021 was 15.46%.

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

OTCPK:GWLIF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.22   Med: 11.96   Max: 19.57
Current: 17.38

2.22
19.57

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Great-West Lifeco was 19.57%. The lowest was 2.22%. And the median was 11.96%.

OTCPK:GWLIF's Earnings Yield (Joel Greenblatt) % is ranked lower than
61% of the 169 Companies
in the Insurance industry.

( Industry Median: 10.00 vs. OTCPK:GWLIF: 17.38 )

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) %. Great-West Lifeco's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2021 was 0.00%. 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.


Great-West Lifeco Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Great-West Lifeco'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.

Great-West Lifeco Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.12 9.06 13.61 10.55 18.42

Great-West Lifeco Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 15.92 12.89 18.42 16.69 15.46

Competitive Comparison

For the Insurance - Life subindustry, Great-West Lifeco'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.

   

Great-West Lifeco Earnings Yield (Joel Greenblatt) % Distribution

For the Insurance industry and Financial Services sector, Great-West Lifeco's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Great-West Lifeco 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.

Great-West Lifecos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2020 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=2623.9362947927/13593.722286752
=19.30 %

Great-West Lifeco's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,092 Mil.



Great-West Lifeco  (OTCPK:GWLIF) 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.


Great-West Lifeco Earnings Yield (Joel Greenblatt) % Related Terms

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


Great-West Lifeco Business Description

Great-West Lifeco logo
Industry
Financial Services » Insurance NAICS : 524113 SIC : 7311
Address
100 Osborne Street North, Winnipeg, MB, CAN, R3C 1V3
Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm's profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement. In 2020, Great-West announced it would acquire Personal Capital and MassMutual's recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.

Great-West Lifeco Headlines

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