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Pernod Ricard Earnings Yield (Joel Greenblatt) %

: 0.00% (As of Dec. 2019)
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Pernod Ricard's Enterprise Value for the quarter that ended in Dec. 2019 was $56,273 Mil. Pernod Ricard's EBIT for the trailing twelve months (TTM) ended in Dec. 2019 was $2,705 Mil. Pernod Ricard's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2019 was 0.00%.

OTCPK:PDRDF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.1   Med: 5.6   Max: 10
Current: 5.46

4.1
10

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Pernod Ricard was 10.00%. The lowest was 4.10%. And the median was 5.60%.

OTCPK:PDRDF's Earnings Yield (Joel Greenblatt) % is ranked higher than
62% of the 205 Companies
in the Beverages - Alcoholic industry.

( Industry Median: 3.94 vs. OTCPK:PDRDF: 5.46 )

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) %. Pernod Ricard's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2019 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.


Pernod Ricard Earnings Yield (Joel Greenblatt) % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Pernod Ricard Annual Data
Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.35 6.00 5.79 5.34 4.83

Pernod Ricard Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19
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 0.00 5.34 0.00 4.83 0.00

Competitive Comparison
* 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.


Pernod Ricard Earnings Yield (Joel Greenblatt) % Distribution

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



Pernod Ricard 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.

Pernod Ricards Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2019 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=2705.0847457627/56653.661793785
=4.77 %

Pernod Ricard's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2019 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT (TTM)/Enterprise Value
=2705.0847457627/56,273
=4.81 %

For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Pernod Ricard's EBIT for the trailing twelve months (TTM) ended in Dec. 2019 was $2,705 Mil.



Pernod Ricard  (OTCPK:PDRDF) 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.


Pernod Ricard Earnings Yield (Joel Greenblatt) % Related Terms


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