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Vulcan Materials Co (Vulcan Materials Co) Earnings Yield (Joel Greenblatt) %

: 4.31% (As of Dec. 2023)
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Vulcan Materials Co's Enterprise Value for the quarter that ended in Dec. 2023 was $33,467 Mil. Vulcan Materials Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1,441 Mil. Vulcan Materials Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 4.31%.

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

VMC' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.91   Med: 3.67   Max: 6.24
Current: 3.84

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Vulcan Materials Co was 6.24%. The lowest was 0.91%. And the median was 3.67%.

VMC's Earnings Yield (Joel Greenblatt) % is ranked worse than
64.27% of 389 companies
in the Building Materials industry
Industry Median: 5.72 vs VMC: 3.84

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) %. Vulcan Materials Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 11.98%. 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.


Vulcan Materials Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Vulcan Materials Co'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.

Vulcan Materials Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.04 3.97 3.21 3.46 4.31

Vulcan Materials Co 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) % 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 Premium Member Only Premium Member Only Premium Member Only 3.46 3.67 3.35 4.05 4.31

Competitive Comparison

For the Building Materials subindustry, Vulcan Materials Co'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.


Vulcan Materials Co Earnings Yield (Joel Greenblatt) % Distribution

For the Building Materials industry and Basic Materials sector, Vulcan Materials Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Vulcan Materials Co's Earnings Yield (Joel Greenblatt) % falls into.



Vulcan Materials Co 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.

Vulcan Materials Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=1441.2/33466.621
=4.31 %

Vulcan Materials Co'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 $1,441 Mil.



Vulcan Materials Co  (NYSE:VMC) 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.


Vulcan Materials Co Earnings Yield (Joel Greenblatt) % Related Terms

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


Vulcan Materials Co (Vulcan Materials Co) Business Description

Traded in Other Exchanges
Address
1200 Urban Center Drive, Birmingham, AL, USA, 35242
Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2022, Vulcan sold 263.4 million tons of aggregates, 12.2 million tons of asphalt mix, and 10.5 million cubic yards of ready-mix. As of Dec. 31, 2022, the company had nearly 16 billion tons of aggregates reserves.
Executives
Stanley G Bass officer: Chief Growth Officer 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
David P Clements officer: Senior Vice President, Central 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Melissa H. Anderson director ALBEMARLE CORPORATION, 4250 CONGRESS ST. SUITE 900, CHARLOTTE NC 28209
J Thomas Hill officer: Sr VP - South Region 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Randy L. Pigg officer: Vice President and Controller 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Mary Andrews Carlisle officer: SVP and CFO 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Lydia H Kennard director 155 N LAKE AVE, PASADENA CA 91101
Darren L. Hicks officer: Chief Human Resources Officer 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Perkins Jerry F Jr officer: General Counsel and Secetary 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Jason P Teter officer: President, S&GC Division 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Ronnie A Pruitt officer: Senior Vice President C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039
David P Steiner director 1001 FANNIN ST, STE 4000, HOUSTON TX 77002
George Willis director 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Franklin Denson N. Iii officer: SVP & General Counsel 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Michael R Mills officer: Senior Vice President and Gene 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242

Vulcan Materials Co (Vulcan Materials Co) Headlines

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