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FactSet Research Systems (FactSet Research Systems) Earnings Yield (Joel Greenblatt) % : 3.60% (As of Feb. 2024)


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What is FactSet Research Systems Earnings Yield (Joel Greenblatt) %?

FactSet Research Systems's Enterprise Value for the quarter that ended in Feb. 2024 was $18,889 Mil. FactSet Research Systems's EBIT for the trailing twelve months (TTM) ended in Feb. 2024 was $680 Mil. FactSet Research Systems's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2024 was 3.60%.

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

FDS' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.45   Med: 4.23   Max: 6.77
Current: 3.94

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of FactSet Research Systems was 6.77%. The lowest was 2.45%. And the median was 4.23%.

FDS's Earnings Yield (Joel Greenblatt) % is ranked better than
55.3% of 783 companies
in the Capital Markets industry
Industry Median: 2.43 vs FDS: 3.94

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) %. FactSet Research Systems's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2024 was 14.37%. 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.


FactSet Research Systems Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for FactSet Research Systems'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.

FactSet Research Systems Earnings Yield (Joel Greenblatt) % Chart

FactSet Research Systems Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.15 3.21 3.29 2.64 3.62

FactSet Research Systems 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) % 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 3.35 4.09 3.62 3.59 3.60

Competitive Comparison of FactSet Research Systems's Earnings Yield (Joel Greenblatt) %

For the Financial Data & Stock Exchanges subindustry, FactSet Research Systems'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.


FactSet Research Systems's Earnings Yield (Joel Greenblatt) % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, FactSet Research Systems's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where FactSet Research Systems's Earnings Yield (Joel Greenblatt) % falls into.



FactSet Research Systems 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.

FactSet Research Systemss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=650.273/17976.931814
=3.62 %

FactSet Research Systems'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 $680 Mil.



FactSet Research Systems  (NYSE:FDS) 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.


FactSet Research Systems Earnings Yield (Joel Greenblatt) % Related Terms

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FactSet Research Systems (FactSet Research Systems) Business Description

Traded in Other Exchanges
Address
45 Glover Avenue, 7th Floor, Norwalk, CT, USA, 06850
FactSet provides financial data and portfolio analytics to the Global investment community. The company aggregates data from third-party data suppliers, news sources, exchanges, brokerages, and contributors into its workstations. In addition, it provides essential portfolio analytics that companies use to monitor portfolios and address reporting requirements. Buy-side clients account for 82% of FactSet's annual subscription value. In 2015, the company acquired Portware, a provider of trade execution software. In 2017, it acquired BISAM, a risk management and performance measurement provider. In 2022, it completed its purchase of CUSIP Global Services.
Executives
Frederick Philip Snow director, officer: Chief Executive Officer 45 GLOVER AVENUE, NORWALK CT 06850
Laurie Siegel director C/O VOLT INFORMATION SCIENCES, INC., 1133 AVENUE OF THE AMERICAS, 15TH FLOOR, NEW YORK NY 10036
Katherine M Stepp officer: Chief Technology Officer (CTO) FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Rachel Rebecca Stern officer: EVP, Chief Legal Officer 45 GLOVER AVENUE, NORWALK CT 06850
Robert J. Robie officer: EVP, Head of Trading&Analytics 45 GLOVER AVENUE, NORWALK CT 06850
Christopher R Ellis officer: EVP, Initiatives & P'ships FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Malcolm Frank director FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Goran Skoko officer: EVP, Wealth Solutions 45 GLOVER AVENUE, NORWALK CT 06850
Kristina W Karnovsky officer: EVP, Chief Product Officer 45 GLOVER AVENUE, NORWALK CT 06850
John Costigan officer: Chief Content Officer FACTSET RESEARCH SYSTEMS, 45 GLOVER AVENUE, NORWALK CT 06850
Catrina Harding officer: Chief People Officer FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Jonathan Reeve officer: EVP, Senior Head of CTS 601 MAIN AVENUE, NORWALK CT 06851
Shlomo Elisha Wiesel director FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Sheila B Jordan director 601 MERRITT 7, NORWALK CT 06851
Joseph Zimmel director 601 MERRITT 7, NORWALK CT 06851