What is Helen Of Troy Earnings Yield (Joel Greenblatt) %?
Helen Of Troy's Enterprise Value for the quarter that ended in Feb. 2024 was $3,653 Mil.
Helen Of Troy's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was $262 Mil. Helen Of Troy's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 7.17%.
The historical rank and industry rank for Helen Of Troy's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HELE'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.22 Med: 5.34 Max: 10.37
Current: 9.17
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Helen Of Troy was 10.37%. The lowest was 3.22%. And the median was 5.34%.
HELE's Earnings Yield (Joel Greenblatt) % is ranked better than 72.31% of 1950
companies
in the Consumer Packaged Goods industry
Industry Median: 4.93
vs HELE: 9.17
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) %. Helen Of Troy's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 was 11.43%. 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.
Helen Of Troy Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Helen Of Troy'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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Helen Of Troy Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Helen Of Troy's Earnings Yield (Joel Greenblatt) %
For the Household & Personal Products subindustry, Helen Of Troy'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.
Helen Of Troy's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Helen Of Troy's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Helen Of Troy's Earnings Yield (Joel Greenblatt) % falls into.
Helen Of Troy 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.
Helen Of Troys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Feb. 2024 is calculated as
Helen Of Troy's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $262 Mil.
Helen Of Troy (NAS:HELE) 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.
Helen Of Troy Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Helen Of Troy's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Helen Of Troy (Helen Of Troy) Business Description
Helen Of Troy Ltd is a consumer products company offering creative products and solutions for its customers through a diversified portfolio of brands. It has two operating segments: Home & Outdoor segment provides a broad range of consumer products for home activities such as food preparation, cooking, cleaning, and organization; as well as products for outdoor and on-the-go activities such as hydration, food storage, backpacks, and travel gear, and The Beauty & Wellness segment provides beauty and wellness products including mass and prestige market beauty appliances, prestige market liquid-based hair and personal care products, and wellness devices including thermometers, water and air filtration systems, humidifiers, and fans.
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