What is Evolent Health Earnings Yield (Joel Greenblatt) %?
Evolent Health's Enterprise Value for the quarter that ended in Dec. 2023 was $4,214 Mil.
Evolent Health's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-148 Mil. Evolent Health's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -3.52%.
The historical rank and industry rank for Evolent Health's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
EVH'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -60.99 Med: -3.71 Max: 50.81
Current: -4.12
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Evolent Health was 50.81%. The lowest was -60.99%. And the median was -3.71%.
EVH's Earnings Yield (Joel Greenblatt) % is ranked worse than 70.04% of 681
companies
in the Healthcare Providers & Services industry
Industry Median: 2.54
vs EVH: -4.12
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) %. Evolent Health's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
Evolent Health Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Evolent Health'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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Evolent Health Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Evolent Health's Earnings Yield (Joel Greenblatt) %
For the Health Information Services subindustry, Evolent Health'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.
Evolent Health's Earnings Yield (Joel Greenblatt) % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Evolent Health's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Evolent Health's Earnings Yield (Joel Greenblatt) % falls into.
Evolent Health 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.
Evolent Healths Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Evolent Health'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 $-148 Mil.
Evolent Health (NYSE:EVH) 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.
Evolent Health Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Evolent Health's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Evolent Health (Evolent Health) Business Description
Evolent Health Inc is engaged in healthcare delivery and payment. The company supports health systems and physician organizations in their migration toward value-based care and population health management. The company's two reportable segments: EHS and Clinical Solutions. The Company's EHS segment provides an integrated administrative and clinical platform for health plan administration and value-based business infrastructure and clinical Solutions segment addresses a broad spectrum of clinical needs, with tailored solutions for specialty care management in oncology and cardiology and increasingly the musculoskeletal markets and holistic total cost of care improvement. It generates a majority of its revenue from Clinical Solutions segment.
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