What is IHS Markit Earnings Yield (Joel Greenblatt) %?
IHS Markit's Enterprise Value for the quarter that ended in Nov. 2021 was $55,677 Mil.
IHS Markit's EBIT for the trailing twelve months (TTM) ended in Nov. 2021 was $1,562 Mil. IHS Markit's Earnings Yield (Joel Greenblatt) for the quarter that ended in Nov. 2021 was 2.81%.
The historical rank and industry rank for IHS Markit's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
INFO'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.27 Med: 2.55 Max: 5.55
Current: 3.25
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of IHS Markit was 5.55%. The lowest was 1.27%. And the median was 2.55%.
INFO's Earnings Yield (Joel Greenblatt) % is not ranked
in the Business Services industry.
Industry Median: 5.55
vs INFO: 3.25
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) %. IHS Markit's Forward Rate of Return (Yacktman) % for the quarter that ended in Nov. 2021 was 21.80%. 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.
IHS Markit Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for IHS Markit'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 IHS Markit's Earnings Yield (Joel Greenblatt) %
For the Consulting Services subindustry, IHS Markit'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.
IHS Markit's Earnings Yield (Joel Greenblatt) % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, IHS Markit's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where IHS Markit'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.
IHS Markits Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Nov. 2021 is calculated as
IHS Markit's EBIT for the trailing twelve months (TTM) ended in Nov. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,562 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.
IHS Markit Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of IHS Markit's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
IHS Markit is a leading provider of data and analytics to corporate and sovereign clients across a wide variety of industries. Financial markets accounted for 42% of fiscal 2020 revenue, transportation 27%, resources (energy and chemicals) 20%, and CMS (consolidated markets) 11%. Approximately 60% of fiscal 2020 revenue came from the United States. IHS Markit has approximately 16,000 employees worldwide. About 74% of fiscal 2020 revenue was recurring and fixed, 14% recurring and variable, and 12% non-recurring. S&P Global has offered to acquire IHS Markit, with holders of the target firm set to receive 0.2838 shares of the combined entity (a little less than one third of the total), in a deal valued at $44 billion upon announcement.
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