What is United Parcel Service Earnings Yield (Joel Greenblatt) %?
United Parcel Service's Enterprise Value for the quarter that ended in Mar. 2024 was $147,284 Mil.
United Parcel Service's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $8,379 Mil. United Parcel Service's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 0.00%.
The historical rank and industry rank for United Parcel Service's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
UPS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.43 Med: 6.07 Max: 9.93
Current: 5.78
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of United Parcel Service was 9.93%. The lowest was 1.43%. And the median was 6.07%.
UPS's Earnings Yield (Joel Greenblatt) % is ranked worse than 54.25% of 1001
companies
in the Transportation industry
Industry Median: 6.95
vs UPS: 5.78
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) %. United Parcel Service's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.
United Parcel Service Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for United Parcel Service'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.
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United Parcel Service Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of United Parcel Service's Earnings Yield (Joel Greenblatt) %
For the Integrated Freight & Logistics subindustry, United Parcel Service'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.
United Parcel Service's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, United Parcel Service's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where United Parcel Service's Earnings Yield (Joel Greenblatt) % falls into.
United Parcel Service 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.
United Parcel Services Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
United Parcel Service's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $8,379 Mil.
United Parcel Service (NYSE:UPS) 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.
United Parcel Service Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of United Parcel Service's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
United Parcel Service (United Parcel Service) Business Description
As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 25 million packages per day to residences and businesses across the globe. UPS' domestic U.S. package operations generate around 64% of total revenue while international package makes up 20%. Air and ocean freight forwarding, truckload brokerage, and contract logistics make up the remainder.
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