PENN Entertainment (NAS:PENN) Earnings Yield (Joel Greenblatt) %

: 5.89% (As of Dec. 2022)

View and export this data going back to 1994. Start your Free Trial

PENN Entertainment's Enterprise Value for the quarter that ended in Dec. 2022 was $15,863 Mil. PENN Entertainment's EBIT for the trailing twelve months (TTM) ended in Dec. 2022 was $934 Mil. PENN Entertainment's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2022 was 5.89%.

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

PENN' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -29.61 Med: 5.91 Max: 18.3
Current: 5.94

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of PENN Entertainment was 18.30%. The lowest was -29.61%. And the median was 5.91%.

PENN's Earnings Yield (Joel Greenblatt) % is ranked better than
66.99% of 836 companies
in the Travel & Leisure industry
Industry Median: 2.28 vs PENN: 5.94

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) %. PENN Entertainment's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2022 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.

PENN Entertainment Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for PENN Entertainment'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.

PENN Entertainment Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Earnings Yield (Joel Greenblatt) %

5.58

4.49

-1.27

5.93

5.89

PENN Entertainment Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Earnings Yield (Joel Greenblatt) %																5.93	6.10	6.19	5.64	5.89

Competitive Comparison

For the Resorts & Casinos subindustry, PENN Entertainment'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.

Annual Data Quarterly Data

PENN Entertainment Earnings Yield (Joel Greenblatt) % Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, PENN Entertainment's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where PENN Entertainment's Earnings Yield (Joel Greenblatt) % falls in comparison to its industry or sector. The grey bar indicates the Earnings Yield (Joel Greenblatt) %'s extreme value range as defined by GuruFocus.

PENN Entertainment 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.

PENN Entertainments Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	933.5	/	15862.8628
	=	5.88 %

PENN Entertainment's EBIT for the trailing twelve months (TTM) ended in Dec. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $934 Mil.

PENN Entertainment (NAS:PENN) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

PENN Entertainment Earnings Yield (Joel Greenblatt) % Related Terms

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

PENN Entertainment (NAS:PENN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » PENN Entertainment Inc (NAS:PENN) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

PENN:Mexico PN1:Germany P2EN34:Brazil

Address

825 Berkshire Boulevard, Suite 200, Wyomissing, PA, USA, 19610

Website

http://www.pngaming.com

PENN Entertainment Inc provides integrated entertainment, sports content, and casino gaming experiences. It is the operator of gaming and racing properties and video gaming terminal operations in the U.S. It operates retail sports betting across the company's portfolio, as well as online sports betting, online social casino, bingo, and online casinos.

Executives

Gupta Vimla Black	director	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Felicia Hendrix	officer: EVP and CFO	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Todd George	officer: EVP, Operations	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Marla Kaplowitz	director	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Christine Labombard	officer: SVP and CAO	825 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
Ronald J Naples	director	96 S. GEORGE STREET, SUITE 500, YORK PA 17401
Jane Scaccetti	director	3111 W ALLEGHENY AVE, PHILADELPHIA PA 19132
Christopher Byron Rogers	officer: EVP and Chief Strategy Officer	825 BERKSHIRE BLVD., WYOMISSING PA 19610
Harper H. Ko	officer: EVP, CLO and Sec.	7250 S. TENAYA WAY, SUITE 100, LAS VEGAS NV 89113
David Edward Williams	officer: EVP and CFO	825 BERKSHIRE BOULEVARD, WYOMISSING PA 19610
Saul Reibstein	officer: EVP-Finance, CFO & Treasurer	C/O VISHAY PRECISION GROUP, INC., 3 GREAT VALLEY PARKWAY, SUITE 150, MALVERN PA 19355
Carl Sottosanti	officer: SVP,Gen Counsel & Secretary	825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Jay A Snowden	officer: EVP-Chief Operating Officer	825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
William J Fair	officer: EVP - Chief Dev Officer	825 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610
Desiree A. Burke	officer: V. P. and Chief Accounting Off	845 BERKSHIRE BOULEVARD, SUITE 200, WYOMISSING PA 19610