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Light & Wonder (Light & Wonder) Earnings Yield (Joel Greenblatt) % : 4.72% (As of Dec. 2023)


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What is Light & Wonder Earnings Yield (Joel Greenblatt) %?

Light & Wonder's Enterprise Value for the quarter that ended in Dec. 2023 was $10,897 Mil. Light & Wonder's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $515 Mil. Light & Wonder's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 4.72%.

The historical rank and industry rank for Light & Wonder's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

LNW' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.72   Med: 1.35   Max: 7.02
Current: 4.43

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Light & Wonder was 7.02%. The lowest was -12.72%. And the median was 1.35%.

LNW's Earnings Yield (Joel Greenblatt) % is ranked better than
51.76% of 854 companies
in the Travel & Leisure industry
Industry Median: 4.2 vs LNW: 4.43

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) %. Light & Wonder's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -1.28%. 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.


Light & Wonder Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Light & Wonder'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.

Light & Wonder Earnings Yield (Joel Greenblatt) % Chart

Light & Wonder Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.90 -2.41 1.24 1.92 4.72

Light & Wonder 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.92 2.47 4.13 4.89 4.72

Competitive Comparison of Light & Wonder's Earnings Yield (Joel Greenblatt) %

For the Gambling subindustry, Light & Wonder'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.


Light & Wonder's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Light & Wonder's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Light & Wonder's Earnings Yield (Joel Greenblatt) % falls into.



Light & Wonder 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.

Light & Wonders Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=514/10896.9
=4.72 %

Light & Wonder'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 $515 Mil.



Light & Wonder  (NAS:LNW) 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.


Light & Wonder Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Light & Wonder's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Light & Wonder (Light & Wonder) Business Description

Traded in Other Exchanges
Address
6601 Bermuda Road, Las Vegas, NV, USA, 89119
Light & Wonder is principally an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in most jurisdictions allowing gambling globally. Light & Wonder is one of the top three largest players in the space along with International Game Technology and Aristocrat Leisure. SciPlay, about a quarter of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.
Executives
Vanja Kalabic officer: Chief Accounting Officer LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89118
Maria T Vullo director C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Antonia Korsanos director C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Oliver Chow officer: Interim CFO LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Hamish Mclennan director C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Jamie Odell director C/O LIGHT & WONDER, INC., 6601 BERMUDA RD, LAS VEGAS NV 89119
Fine Capital Partners, L.p. 10 percent owner 3 COLUMBUS CIRCLE, 15TH FLOOR, NEW YORK NY 10019
Michael J Regan director 14 BRENNER PLACE, DEMAREST NJ 07627
Siobhan Lane officer: EVP & Grp Chief Exec of Gaming C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Stephen W Morro director C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Debra Fine 10 percent owner 590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022
Fine Capital Advisors, Llc 10 percent owner 590 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10022
James Constance P. officer: EVP, CFO, Treas & Corp Sec C/O LIGHT & WONDER, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Virginia E Shanks director 4170 CAUGHLIN PARKWAY, RENO NV 89519
Ronald O Perelman director, 10 percent owner 35 EAST 62ND STREET, NEW YORK NY 10021