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Ubiquiti (Ubiquiti) Earnings Yield (Joel Greenblatt) % : 5.61% (As of Dec. 2023)


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What is Ubiquiti Earnings Yield (Joel Greenblatt) %?

Ubiquiti's Enterprise Value for the quarter that ended in Dec. 2023 was $9,387 Mil. Ubiquiti's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $527 Mil. Ubiquiti's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 5.61%.

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

UI' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.93   Med: 4.91   Max: 10.27
Current: 6.1

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Ubiquiti was 10.27%. The lowest was 1.93%. And the median was 4.91%.

UI's Earnings Yield (Joel Greenblatt) % is ranked better than
69.44% of 2477 companies
in the Hardware industry
Industry Median: 3.13 vs UI: 6.10

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) %. Ubiquiti's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 13.20%. 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.


Ubiquiti Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Ubiquiti'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.

Ubiquiti Earnings Yield (Joel Greenblatt) % Chart

Ubiquiti Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.23 4.10 3.75 2.94 4.68

Ubiquiti 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 2.55 2.95 4.68 5.63 5.61

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

For the Communication Equipment subindustry, Ubiquiti'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.


Ubiquiti's Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ubiquiti's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Ubiquiti 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.

Ubiquitis Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=544.566/11646.002925
=4.68 %

Ubiquiti'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 $527 Mil.



Ubiquiti  (NYSE:UI) 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.


Ubiquiti Earnings Yield (Joel Greenblatt) % Related Terms

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


Ubiquiti (Ubiquiti) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ubiquiti Inc (NYSE:UI) » Definitions » Earnings Yield (Joel Greenblatt) %
Traded in Other Exchanges
Address
685 Third Avenue, 27th Floor, New York, NY, USA, 10017
Ubiquiti Inc is a wireless and wireline network equipment provider for small Internet service providers and small- and midsize-business integrators. Its product is based on two primary categories namely Service Provider Technology and Enterprise Technology. The company generates maximum revenue from Enterprise Technology. Geographically, it derives a majority of revenue from North America and also has a presence in Europe, the Middle East and Africa; Asia Pacific and South America.
Executives
Ronald Sege director 350 CAMPUS DRIVE, MARLBOROUGH MA 01752
Brandon Arrindell director UBIQUITI INC., 685 THIRD AVENUE, 27TH FLOOR, NEW YORK NY 10017
Benjamin Moore officer: VP Business Development 91 E. TASMAN DRIVE, SAN JOSE CA 95134
Robert J Pera director, 10 percent owner, officer: Chief Executive Officer 2580 ORCHARD PARKWAY, SAN JOSE CA 95131
Rafael Torres director 4359 RED MAPLE CT, SAN JOSE CA 95138
Michael E. Hurlston director 5300 CALIFORNIA AVENUE, IRVINE CA 92617
Kevin Radigan officer: Chief Accounting Officer 685 THIRD AVE, 27TH FLOOR, NEW YORK NY 10017
Mark Spragg officer: Interim CAO 2580 ORCHARD PARKWAY, SAN JOSE CA 95131
John Sanford officer: Chief Technology Officer 91 E. TASMAN DRIVE, SAN JOSE CA 95134
Steven R Altman director
Peter Y Chung director C/O SUMMIT PARTNERS, 222 BERKELEY STREET, 18TH FLR, BOSTON MA 02116
Summit Partners Private Equity Fund Vii-a, L.p. 10 percent owner C/O SUMMIT PARTNERS, 222 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02110
Fitzgerald Charles James Jr director SUMMIT PARTNERS, 222 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116
Summit Partners L P other: Manager of GP of 10% owner. 222 BERKELEY STREET, 18TH FLOOR, BOSTON MA 02116
Jessica Zhou officer: General Counsel & VP UBIQUITI NETWORKS, INC., 91 E. TASMAN DRIVE, SAN JOSE CA 95134

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