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Builders FirstSource's Enterprise Value for the quarter that ended in Dec. 2023 was $23,990 Mil. Builders FirstSource's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $2,176 Mil. Builders FirstSource's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 9.07%.
The historical rank and industry rank for Builders FirstSource's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Builders FirstSource was 31.13%. The lowest was -0.20%. And the median was 7.39%.
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) %. Builders FirstSource's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 25.61%. 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.
The historical data trend for Builders FirstSource'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.
Builders FirstSource Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 8.67 | 8.70 | 12.72 | 30.40 | 9.07 |
Builders FirstSource 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 | 30.40 | 22.12 | 12.25 | 11.52 | 9.07 |
For the Building Products & Equipment subindustry, Builders FirstSource'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.
For the Construction industry and Industrials sector, Builders FirstSource's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Builders FirstSource'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.
Builders FirstSources Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | 2176.319 | / | 23990.00958 | |
= | 9.07 % |
Builders FirstSource'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 $2,176 Mil.
Builders FirstSource (NYSE:BLDR) 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.
Thank you for viewing the detailed overview of Builders FirstSource's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Alan Farmer | officer: President - Commercial Ops | C/O BMC STOCK HOLDINGS, INC., 4800 FALLS OF NEUSE RD, SUITE 400, RALEIGH NC 27609 |
Michael Hiller | officer: President - Central Division | 2001 BRYAN ST STE 1600, DALLAS TX 75201 |
Timothy D Johnson | officer: EVP & General Counsel | 5020 WESTON PARKWAY, SUITE 400, CARY NC 27513 |
Jami Lynn Coulter | officer: Principal Accounting Officer | 2001 BRYAN ST., SUITE 1600, DALLAS TX 75201 |
Paul M Mccrobie | officer: President - East Division | 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201 |
Dirkson R Charles | director | 50 MAIN STREET, 4TH FLOOR, WHITE PLAINS NY 10606 |
Floyd F Sherman | director, officer: President & CEO | BUILDERS FIRSTSOURCE INC., 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201 |
Amy B Messersmith | officer: Chief People Officer | 2001 BRYAN ST STE 1600, DALLAS TX 75201 |
James Oleary | director | |
David W Bullock | director | C/O GRAHAM PACKAGING HOLDINGS COMPANY, 2401 PLEASANT VALLEY ROAD, YORK PA 17402 |
Mark A Alexander | director | C/O W. P. CAREY INC., 395 9TH AVENUE, 58TH FLOOR, NEW YORK, NEW YORK NY 10001 |
David E Flitman | director, officer: President | C/O NALCO COMPANY, 1601 WEST DIEHL ROAD, NAPERVILLE IL 60563 |
Boydston Cory Jacobs | director | C/O BMC STOCK HOLDINGS, INC., 4800 FALLS OF NEUSE RD, SUITE 400, RALEIGH NC 27617 |
Stephen J Herron | officer: President - East Division | 2001 BRYAN ST STE 1600, DALLAS TX 75201 |
David E Rush | officer: SVP - COO - East | 2001 BRYAN ST., SUITE 1600, DALLAS TX 75201 |
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