What is Foot Locker Earnings Yield (Joel Greenblatt) %?
Foot Locker's Enterprise Value for the quarter that ended in Jan. 2024 was €4,955 Mil.
Foot Locker's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was €-379 Mil. Foot Locker's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was -7.81%.
The historical rank and industry rank for Foot Locker's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
WBO:FOOT'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.81 Med: 10.97 Max: 26.81
Current: -8.77
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Foot Locker was 26.81%. The lowest was -8.81%. And the median was 10.97%.
WBO:FOOT's Earnings Yield (Joel Greenblatt) % is ranked worse than 85.63% of 1120
companies
in the Retail - Cyclical industry
Industry Median: 4.855
vs WBO:FOOT: -8.77
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) %. Foot Locker's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 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.
Foot Locker Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Foot Locker'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 Foot Locker's Earnings Yield (Joel Greenblatt) %
For the Apparel Retail subindustry, Foot Locker'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.
Foot Locker's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Foot Locker's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Foot Locker'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.
Foot Lockers Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2024 is calculated as
Foot Locker's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-379 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.
Foot Locker Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Foot Locker's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Foot Locker Inc operates thousands of retail stores throughout the United States, Canada, Europe, Australia, and New Zealand. It also has one franchisee in the Middle East and one in South Korea, each of which operates multiple stores in those regions. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Store names include Foot Locker, Champs, and Runners Point. The company also has an e-commerce business selling through Footlocker.com, Eastbay, and Final-Score.
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