What is U.S. Xpress Enterprises Earnings Yield (Joel Greenblatt) %?
U.S. Xpress Enterprises's Enterprise Value for the quarter that ended in Mar. 2023 was $1,165 Mil.
U.S. Xpress Enterprises's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was $-61 Mil. U.S. Xpress Enterprises's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2023 was -5.25%.
The historical rank and industry rank for U.S. Xpress Enterprises's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
USX'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.26 Med: 3.38 Max: 9.82
Current: -5.18
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of U.S. Xpress Enterprises was 9.82%. The lowest was -5.26%. And the median was 3.38%.
USX's Earnings Yield (Joel Greenblatt) % is not ranked
in the Transportation industry.
Industry Median: 6.98
vs USX: -5.18
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) %. U.S. Xpress Enterprises's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2023 was -90.38%. 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.
U.S. Xpress Enterprises Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for U.S. Xpress Enterprises'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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U.S. Xpress Enterprises Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of U.S. Xpress Enterprises's Earnings Yield (Joel Greenblatt) %
For the Trucking subindustry, U.S. Xpress Enterprises'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.
U.S. Xpress Enterprises's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, U.S. Xpress Enterprises's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where U.S. Xpress Enterprises's Earnings Yield (Joel Greenblatt) % falls into.
U.S. Xpress Enterprises 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.
U.S. Xpress Enterprisess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
U.S. Xpress Enterprises's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-61 Mil.
U.S. Xpress Enterprises (NYSE:USX) 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.
U.S. Xpress Enterprises Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of U.S. Xpress Enterprises's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
U.S. Xpress Enterprises (U.S. Xpress Enterprises) Business Description
U.S. Xpress Enterprises Inc provides transportation services throughout the United States, with a focus on the densely populated and economically diverse eastern half of the United States. The Company offers its customers a broad portfolio of services using its own asset-based truckload fleet and third-party carriers through its asset-light freight brokerage network. The Company has two reportable segments; the Truckload segment offers asset-based truckload services, including over-the-road (OTR) trucking and dedicated contract services, and the Brokerage segment is engaged in asset-light freight brokerage services, where loads are contracted to third-party carriers.
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