Beazer Homes USA's Enterprise Value for the quarter that ended in Dec. 2023 was $1,954 Mil.
Beazer Homes USA's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $169 Mil. Beazer Homes USA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 8.65%.
The historical rank and industry rank for Beazer Homes USA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BZH'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.75 Med: 4.2 Max: 25.29
Current: 9.56
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Beazer Homes USA was 25.29%. The lowest was -6.75%. And the median was 4.20%.
BZH's Earnings Yield (Joel Greenblatt) % is ranked better than 61.61% of 112
companies
in the Homebuilding & Construction industry
Industry Median: 7.945
vs BZH: 9.56
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) %. Beazer Homes USA's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
Beazer Homes USA Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Beazer Homes USA'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.
For the Residential Construction subindustry, Beazer Homes USA'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.
Beazer Homes USA Earnings Yield (Joel Greenblatt) % Distribution
For the Homebuilding & Construction industry and Consumer Cyclical sector, Beazer Homes USA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Beazer Homes USA's Earnings Yield (Joel Greenblatt) % falls into.
Beazer Homes USA 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.
Beazer Homes USAs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as
Beazer Homes USA'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 $169 Mil.
Beazer Homes USA (NYSE:BZH) 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.
Beazer Homes USA Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Beazer Homes USA's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Beazer Homes USA (Beazer Homes USA) Business Description
Beazer Homes USA Inc is an construction company that focuses on residential construction. The company specializes in single-family housing and multi-unit building construction in over 13 states and over 22 metro markets. Beazer Homes builds homes and communities that target first-time, move-up, and luxury homebuyers with an average selling price of roughly $300,000. From a geographic perspective, home sales in the western and eastern United States have been the leading sources of revenue for the company. Key metro areas include Atlanta, Las Vegas, Los Angeles, Orlando, and Tampa. The company also focuses on land purchasing and development to support future construction efforts as well as mortgage services for its homebuyers.
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