What is National Presto Industries Earnings Yield (Joel Greenblatt) %?
National Presto Industries's Enterprise Value for the quarter that ended in Dec. 2023 was $465.3 Mil.
National Presto Industries's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $35.0 Mil. National Presto Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 7.53%.
The historical rank and industry rank for National Presto Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NPK'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.23 Med: 10.39 Max: 15
Current: 7.18
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of National Presto Industries was 15.00%. The lowest was 4.23%. And the median was 10.39%.
NPK's Earnings Yield (Joel Greenblatt) % is ranked better than 84.89% of 311
companies
in the Aerospace & Defense industry
Industry Median: 2.55
vs NPK: 7.18
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) %. National Presto Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -7.64%. 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.
National Presto Industries Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for National Presto Industries'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.
National Presto Industries Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of National Presto Industries's Earnings Yield (Joel Greenblatt) %
For the Aerospace & Defense subindustry, National Presto Industries'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.
National Presto Industries's Earnings Yield (Joel Greenblatt) % Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, National Presto Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where National Presto Industries's Earnings Yield (Joel Greenblatt) % falls into.
National Presto Industries 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.
National Presto Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
National Presto Industries'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 $35.0 Mil.
National Presto Industries (NYSE:NPK) 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.
National Presto Industries Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of National Presto Industries's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
National Presto Industries (National Presto Industries) Business Description
National Presto Industries Inc has an eclectic product portfolio consisting of household appliances, ammunition, and diapers. The company operates in three segments viz Defense, Housewares/Small Appliance, and Safety. The majority of the revenue is earned from the defense segment which is engaged in manufacturing 40mm ammunition, precision mechanical and electro-mechanical assemblies, and medium caliber cartridge cases; performs Load, Assemble, and Pack (LAP) operations on ordnance-related products for the U.S. Government and prime contractor. While Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances; the safety segment provides safety technology empowering organizations and individuals to protect what is more important.
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