ABM Industries's Enterprise Value for the quarter that ended in Jan. 2024 was $3,978 Mil.
ABM Industries's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was $416 Mil. ABM Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 10.46%.
The historical rank and industry rank for ABM Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ABM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.65 Med: 5.17 Max: 10.5
Current: 9.99
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of ABM Industries was 10.50%. The lowest was 1.65%. And the median was 5.17%.
ABM's Earnings Yield (Joel Greenblatt) % is ranked better than 71.8% of 1110
companies
in the Business Services industry
Industry Median: 5.695
vs ABM: 9.99
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) %. ABM Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 was 25.60%. 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.
ABM Industries Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for ABM 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.
ABM Industries Annual Data
Trend
Oct14
Oct15
Oct16
Oct17
Oct18
Oct19
Oct20
Oct21
Oct22
Oct23
Earnings Yield (Joel Greenblatt) %
6.67
3.48
5.30
8.26
10.75
ABM Industries Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Earnings Yield (Joel Greenblatt) %
7.00
7.86
8.80
10.75
10.46
Competitive Comparison
For the Specialty Business Services subindustry, ABM 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.
ABM Industries Earnings Yield (Joel Greenblatt) % Distribution
For the Business Services industry and Industrials sector, ABM Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ABM Industries'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.
ABM Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Oct. 2023 is calculated as
ABM Industries's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $416 Mil.
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.
ABM Industries Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of ABM Industries's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
ABM Industries (ABM Industries) Business Description
ABM Industries Inc is a provider of integrated facility solutions. It offers its solutions through five segments: Business and Industry, Manufacturing and Distribution, Education, Aviation and Technical solutions. The company derives the majority of its revenue from the business and industry segment, which encompasses janitorial, facilities engineering, and parking services for commercial real estate properties and sports and entertainment venues, as well as vehicle maintenance and other services to rental car providers. The company mainly operates in the United States of America.
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