What is Green Brick Partners Earnings Yield (Joel Greenblatt) %?
Green Brick Partners's Enterprise Value for the quarter that ended in Dec. 2023 was $2,614 Mil.
Green Brick Partners's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $355 Mil. Green Brick Partners's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 13.59%.
The historical rank and industry rank for Green Brick Partners's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
GRBK'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -82.26 Med: 10.31 Max: 26.28
Current: 13.32
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Green Brick Partners was 26.28%. The lowest was -82.26%. And the median was 10.31%.
GRBK's Earnings Yield (Joel Greenblatt) % is ranked better than 75.89% of 112
companies
in the Homebuilding & Construction industry
Industry Median: 7.815
vs GRBK: 13.32
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) %. Green Brick Partners's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 21.68%. 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.
Green Brick Partners Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Green Brick Partners'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.
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Green Brick Partners Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Green Brick Partners's Earnings Yield (Joel Greenblatt) %
For the Residential Construction subindustry, Green Brick Partners'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.
Green Brick Partners's Earnings Yield (Joel Greenblatt) % Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Green Brick Partners's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Green Brick Partners's Earnings Yield (Joel Greenblatt) % falls into.
Green Brick Partners 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.
Green Brick Partnerss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Green Brick Partners'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 $355 Mil.
Green Brick Partners (NYSE:GRBK) 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.
Green Brick Partners Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Green Brick Partners's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Green Brick Partners (Green Brick Partners) Business Description
Green Brick Partners Inc is a homebuilding and land development company. It acquires and develops land, as well as provides land and construction financing to its controlled builders. The company has three reportable segments: builder operations central, builder operations southeast, and land development. The majority of company's revenue is generated from the builder operations central segment that is entirely the operations of builders in Texas. The company is engaged in various aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, sales, and brand image creation. In addition to homebuilding, the company provides home financing services, such as mortgage and title, through its subsidiaries.
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