General Motors Co's Enterprise Value for the quarter that ended in Dec. 2023 was $143,307 Mil.
General Motors Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $11,315 Mil. General Motors Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 7.89%.
The historical rank and industry rank for General Motors Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
GM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -57.48 Med: 8.14 Max: 13.36
Current: 7.78
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of General Motors Co was 13.36%. The lowest was -57.48%. And the median was 8.14%.
GM's Earnings Yield (Joel Greenblatt) % is ranked better than 59.72% of 1306
companies
in the Vehicles & Parts industry
Industry Median: 5.615
vs GM: 7.78
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) %. General Motors Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -8.30%. 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.
General Motors Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for General Motors Co'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.
General Motors Co Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Earnings Yield (Joel Greenblatt) %
6.02
6.35
7.78
9.26
7.89
General Motors Co Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Earnings Yield (Joel Greenblatt) %
9.26
8.87
9.38
9.53
7.89
Competitive Comparison
For the Auto Manufacturers subindustry, General Motors Co'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.
General Motors Co Earnings Yield (Joel Greenblatt) % Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, General Motors Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where General Motors Co's Earnings Yield (Joel Greenblatt) % falls into.
General Motors Co 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.
General Motors Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
General Motors Co'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 $11,315 Mil.
General Motors Co (NYSE:GM) 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.
General Motors Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of General Motors Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
General Motors Co (General Motors Co) Business Description
General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its U.S. market share leader crown in 2022, after losing it to Toyota due to the chip shortage in 2021, with share up 170 basis points to 16.4%, a full percentage point ahead of Toyota. GM's Cruise autonomous vehicle arm has previously done driverless geofenced AV robotaxi services in San Francisco and other cities but stopped in late 2023 after an accident. GM owns over 80% of Cruise. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.
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