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Perdoceo Education (Perdoceo Education) Earnings Yield (Joel Greenblatt) % : 33.44% (As of Dec. 2023)


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What is Perdoceo Education Earnings Yield (Joel Greenblatt) %?

Perdoceo Education's Enterprise Value for the quarter that ended in Dec. 2023 was $574.9 Mil. Perdoceo Education's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $192.5 Mil. Perdoceo Education's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 33.44%.

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

PRDO' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1708.97   Med: 7.76   Max: 668.58
Current: 29.85

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Perdoceo Education was 668.58%. The lowest was -1708.97%. And the median was 7.76%.

PRDO's Earnings Yield (Joel Greenblatt) % is ranked better than
90.19% of 265 companies
in the Education industry
Industry Median: 5.41 vs PRDO: 29.85

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) %. Perdoceo Education's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 30.51%. 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.


Perdoceo Education Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Perdoceo Education'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.

Perdoceo Education Earnings Yield (Joel Greenblatt) % Chart

Perdoceo Education Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.79 27.62 41.67 29.33 33.44

Perdoceo Education Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial 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 29.33 32.26 66.67 34.97 33.44

Competitive Comparison of Perdoceo Education's Earnings Yield (Joel Greenblatt) %

For the Education & Training Services subindustry, Perdoceo Education'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.


Perdoceo Education's Earnings Yield (Joel Greenblatt) % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Perdoceo Education's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Perdoceo Education 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.

Perdoceo Educations Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=192.525/574.86442
=33.49 %

Perdoceo Education's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $192.5 Mil.



Perdoceo Education  (NAS:PRDO) 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.


Perdoceo Education Earnings Yield (Joel Greenblatt) % Related Terms

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


Perdoceo Education (Perdoceo Education) Business Description

Traded in Other Exchanges
Address
1750 E. Golf Road, Schaumburg, IL, USA, 60173
Perdoceo Education Corp is an American for-profit education company that focuses on quality postsecondary education online to a diverse student population, along with campus-based and blended learning programs. The company's important segment is its online universities, which include the American InterContinental University, and Colorado Technical University. These online universities provide undergraduate, graduate, and doctoral degree programs focusing on business, technology, management, and social services. Career Education Corporation is focusing on its online universities as it continues to reduce its on-campus program offerings. The majority of the company's revenue comes from the Colorado Technical University segment.
Executives
Todd S Nelson director, officer: President & CEO PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
John Robert Kline officer: SVP, AIU PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Michele A Peppers officer: Principal Accounting Officer PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Andrew Hurst officer: SVP PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Ashish R Ghia officer: Interim CFO PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
David C. Czeszewski officer: SVP, CIO PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Patrick W Gross director
Gregory L. Jackson director 909 MONTGOMERY STREET, SUITE 400, SAN FRANCISCO CA 94133
Leslie T Thornton director 3921 COURTLAND CIRCLE, ALEXANDRIA VA 22305
Thomas B Lally director 231 N. MARTINGALE ROAD, SCHAUMBURG IL 60173
Elise Baskel officer: SVP, CTU 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Greg E. Jansen officer: SVP, General Counsel 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Jeffrey David Ayers officer: SVP PERDOCEO EDUCATION CORPORATION, 231 N. MARTINGALE ROAD, SCHAUMBURG IL 60173
Alan Dupree Wheat director PERDOCEO EDUCATION CORPORATION, 1750 E. GOLF ROAD, SCHAUMBURG IL 60173
Richard D Wang director C/O TENZING GLOBAL MANAGEMENT LLC, 388 MARKET STREET SUITE 860, SAN FRANCISCO CA 94111