What is Franchise Group Earnings Yield (Joel Greenblatt) %?
Franchise Group's Enterprise Value for the quarter that ended in Jun. 2023 was $3,736 Mil.
Franchise Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was $1 Mil. Franchise Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 0.03%.
The historical rank and industry rank for Franchise Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.32 Med: 5.29 Max: 15.41
Current: 0.03
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Franchise Group was 15.41%. The lowest was -3.32%. And the median was 5.29%.
FRG's Earnings Yield (Joel Greenblatt) % is not ranked
in the Retail - Cyclical industry.
Industry Median: 4.87
vs FRG: 0.03
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) %. Franchise Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
Franchise Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Franchise 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.
Franchise Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Franchise Group's Earnings Yield (Joel Greenblatt) %
For the Specialty Retail subindustry, Franchise 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.
Franchise Group's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Franchise Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Franchise Group's Earnings Yield (Joel Greenblatt) % falls into.
Franchise 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.
Franchise Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Franchise Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1 Mil.
Franchise Group (NAS:FRG) 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.
Franchise Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Franchise Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Franchise Group (Franchise Group) Business Description
Franchise Group Inc is a personal services company that provides retail federal and state income tax preparation services and related tax settlement products. The vast majority of these offices operate in the United States under the Liberty Tax Service and SiempreTax+ brand names. Liberty Tax also provides online do-it-yourself tax programs within the U.S. The sale of financial products and tax preparation service fees also contribute to sizable percentages of the company's total income. Liberty Tax also operates a smaller portfolio of wholly-owned company offices. The company's reportable segments are Vitamin Shoppe, Pet Supplies Plus, Badcock, American Freight, Buddy's and Sylvan.
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