TRC's Enterprise Value for the quarter that ended in Mar. 2017 was $636.5 Mil.
TRC's EBIT for the trailing twelve months (TTM) ended in Mar. 2017 was $31.7 Mil. TRC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was 4.99%.
The historical rank and industry rank for TRC's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TRR's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Construction industry.
Industry Median: 6.56 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. TRC's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2017 was 4.24%. 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.
TRC Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for TRC'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 TRC's Earnings Yield (Joel Greenblatt) %
For the Engineering & Construction subindustry, TRC'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.
TRC's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, TRC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TRC's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
TRCs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2016 is calculated as
TRC's EBIT for the trailing twelve months (TTM) ended in Mar. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $31.7 Mil.
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.
TRC Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of TRC's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
TRC Companies Inc was incorporated in 1969. The Company is a national engineering, consulting and construction management firm that provides integrated services to the environmental, energy, and infrastructure markets in the United States. A range of commercial and governmental clients depend on it to design solutions to their toughest business challenges. Its multidisciplinary project teams help its clients implement complex projects from initial concept to delivery and commissioning, maintain and operate their facilities in compliance with regulatory standards and manage their assets through decommissioning, demolition, restoration and disposition. The Company's business segments are Energy, Environmental, and Infrastructure. The Energy segment is strategically positioned to serve key areas within the energy market which is currently investing in modernization, expansion, enhancement and replacement of outdated facilities. The Environmental segment provides services to its clients including air quality modeling, air emissions testing and monitoring, cultural and natural resource management, permitting of energy facilities and remediation of contaminated sites. The Infrastructure segment offers a variety of services to its infrastructure clients mainly related to: rehabilitation of overburdened and deteriorating infrastructure systems; design, construction engineering inspection and construction management associated with new infrastructure projects; and management of risks related to security of public and private facilities. It competes with both the large international firms and the small niche or geographically focused firms. The Company's business is subjected to various rules and regulations at the federal, state and local government levels.
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