What is Birks Group Earnings Yield (Joel Greenblatt) %?
Birks Group's Enterprise Value for the quarter that ended in Sep. 2023 was $196.0 Mil.
Birks Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was $-1.9 Mil. Birks Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 0.00%.
The historical rank and industry rank for Birks Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BGI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -27.98 Med: -1.24 Max: 9.31
Current: -1.22
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Birks Group was 9.31%. The lowest was -27.98%. And the median was -1.24%.
BGI's Earnings Yield (Joel Greenblatt) % is ranked worse than 76.21% of 1118
companies
in the Retail - Cyclical industry
Industry Median: 4.845
vs BGI: -1.22
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) %. Birks Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 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.
Birks Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Birks Group'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.
Birks Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Birks Group's Earnings Yield (Joel Greenblatt) %
For the Luxury Goods subindustry, Birks Group'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.
Birks Group's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Birks Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Birks Group's Earnings Yield (Joel Greenblatt) % falls into.
Birks Group 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.
Birks Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Birks Group (AMEX:BGI) 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.
Birks Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Birks Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Birks Group Inc is a part of the leisure industry. The company designs, develops, produces, and retails fine jewelry, timepieces, and gifts. Its operating segment includes Retail and other. The company generates maximum revenue from the Retail segment. Its retail segment consists of retail operations whereby it operates approximately 21 stores in Canada under the Maison Birks brand, one store under the Brinkhaus brand, one store under the Graff brand, and one store under the Patek Phillippe brand. The other segment consists mainly of wholesale business, e-commerce business, and gold exchange business.
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