Smiths Group's Enterprise Value for the quarter that ended in Jan. 2024 was $7,883 Mil.
Smiths Group's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $561 Mil. Smiths Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 0.00%.
The historical rank and industry rank for Smiths Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SMGZY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.22 Med: 6.05 Max: 9.86
Current: 7.22
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Smiths Group was 9.86%. The lowest was 2.22%. And the median was 6.05%.
SMGZY's Earnings Yield (Joel Greenblatt) % is ranked better than 66.82% of 3035
companies
in the Industrial Products industry
Industry Median: 4.49
vs SMGZY: 7.22
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) %. Smiths Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 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.
Smiths Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Smiths Group'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.
Smiths Group Annual Data
Trend
Jul14
Jul15
Jul16
Jul17
Jul18
Jul19
Jul20
Jul21
Jul22
Jul23
Earnings Yield (Joel Greenblatt) %
4.83
2.93
4.00
2.76
7.04
Smiths Group Semi-Annual Data
Jul14
Jan15
Jul15
Jan16
Jul16
Jan17
Jul17
Jan18
Jul18
Jan19
Jul19
Jan20
Jul20
Jan21
Jul21
Jan22
Jul22
Jan23
Jul23
Jan24
Earnings Yield (Joel Greenblatt) %
-
2.76
-
7.04
-
Competitive Comparison
For the Specialty Industrial Machinery subindustry, Smiths Group'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.
Smiths Group Earnings Yield (Joel Greenblatt) % Distribution
For the Industrial Products industry and Industrials sector, Smiths Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Smiths Group's Earnings Yield (Joel Greenblatt) % falls into.
Smiths Group 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.
Smiths Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jul. 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.
Smiths Group (OTCPK:SMGZY) 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.
Smiths Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Smiths Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
With its start as a London jeweler in the 19th century, Smiths Group has for most of its history operated as a company operating disparate but economically attractive businesses. Thematically, it runs businesses that manufacture niche products in security- or safety-sensitive industries. Today, the business is split across four divisions: mechanical seals, weapons detection, electrical connectors, and specialized hoses. The end customers for these products include airports, NASA, government security or defense departments, and hospitals.
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