What is SCOR SE Earnings Yield (Joel Greenblatt) %?
SCOR SE's Enterprise Value for the quarter that ended in Dec. 2023 was $6,923 Mil.
SCOR SE's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1,489 Mil. SCOR SE's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 21.51%.
The historical rank and industry rank for SCOR SE's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SCRYY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -30.37 Med: 11.31 Max: 21.47
Current: 18.59
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of SCOR SE was 21.47%. The lowest was -30.37%. And the median was 11.31%.
SCRYY's Earnings Yield (Joel Greenblatt) % is ranked better than 81.47% of 491
companies
in the Insurance industry
Industry Median: 5.72
vs SCRYY: 18.59
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) %. SCOR SE's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
SCOR SE Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for SCOR SE'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 SCOR SE's Earnings Yield (Joel Greenblatt) %
For the Insurance - Reinsurance subindustry, SCOR SE'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.
SCOR SE's Earnings Yield (Joel Greenblatt) % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, SCOR SE's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SCOR SE's Earnings Yield (Joel Greenblatt) % falls into.
SCOR SE 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.
SCOR SEs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
SCOR SE (OTCPK:SCRYY) 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.
SCOR SE Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of SCOR SE's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Scor is the world's fifth-largest reinsurer selling non-life and life reinsurance. Scor global life insurers life insurance and annuities. In its co-insurance agreements Scor shares in premiums and claims of life insurance contracts that have been sold by a primary insurer. In its excess of loss agreements, Scor reimburses a primary insurer for claims that are filed above an agreed amount. Scor also sells property and casualty reinsurance in co-insurance and excess of loss. Historically Scor has been better in specialist lines and not as good in lines where there is a large potential for loss. Having recently grown in natural catastrophe book, standards of underwriting have not been good. The business has subsequently decided to move back to its historical roots.
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