Enerpac Tool Group's Enterprise Value for the quarter that ended in Feb. 2024 was $1,920.1 Mil.
Enerpac Tool Group's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was $113.1 Mil. Enerpac Tool Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 5.89%.
The historical rank and industry rank for Enerpac Tool Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
EPAC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.02 Med: 2.76 Max: 10.08
Current: 5.72
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Enerpac Tool Group was 10.08%. The lowest was -7.02%. And the median was 2.76%.
EPAC's Earnings Yield (Joel Greenblatt) % is ranked better than 58.3% of 3036
companies
in the Industrial Products industry
Industry Median: 4.485
vs EPAC: 5.72
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) %. Enerpac Tool Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 was 15.66%. 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.
Enerpac Tool Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Enerpac Tool Group'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.
Enerpac Tool Group Annual Data
Trend
Aug14
Aug15
Aug16
Aug17
Aug18
Aug19
Aug20
Aug21
Aug22
Aug23
Earnings Yield (Joel Greenblatt) %
2.94
2.01
3.18
2.39
5.42
Enerpac Tool Group Quarterly Data
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Nov23
Feb24
Earnings Yield (Joel Greenblatt) %
2.65
4.04
5.42
6.17
5.89
Competitive Comparison
For the Specialty Industrial Machinery subindustry, Enerpac Tool Group'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.
Enerpac Tool Group Earnings Yield (Joel Greenblatt) % Distribution
For the Industrial Products industry and Industrials sector, Enerpac Tool Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Enerpac Tool Group's Earnings Yield (Joel Greenblatt) % falls into.
Enerpac Tool Group 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.
Enerpac Tool Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2023 is calculated as
Enerpac Tool Group'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 $113.1 Mil.
Enerpac Tool Group (NYSE:EPAC) 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.
Enerpac Tool Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Enerpac Tool Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Enerpac Tool Group (Enerpac Tool Group) Business Description
Enerpac Tool Group, previously known as Actuant, provides high-precision tools, controlled-force products, and solutions for precise heavy lifting. The company operates through two segments: industrial tools and services and other. It categorizes its revenue into two parts: product sales and services, which include manpower services and rentals. Product sales is the largest contributor to the company's total revenue. Geographically, the company operates in the United States, Asia, Australia, Europe, Middle East, and other areas. The U.S. makes up the largest contribution to the company's total revenue.
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