What is PGT Innovations Earnings Yield (Joel Greenblatt) %?
PGT Innovations's Enterprise Value for the quarter that ended in Dec. 2023 was $3,041 Mil.
PGT Innovations's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $179 Mil. PGT Innovations's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 5.89%.
The historical rank and industry rank for PGT Innovations's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PGTI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.91 Med: 5.63 Max: 11.07
Current: 5.74
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of PGT Innovations was 11.07%. The lowest was 2.91%. And the median was 5.63%.
PGTI's Earnings Yield (Joel Greenblatt) % is not ranked
in the Construction industry.
Industry Median: 6.56
vs PGTI: 5.74
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) %. PGT Innovations's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 21.24%. 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.
PGT Innovations Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for PGT Innovations'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.
Competitive Comparison of PGT Innovations's Earnings Yield (Joel Greenblatt) %
For the Building Products & Equipment subindustry, PGT Innovations'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.
PGT Innovations's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, PGT Innovations's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PGT Innovations's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
PGT Innovationss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
PGT Innovations'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 $179 Mil.
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.
PGT Innovations Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of PGT Innovations's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
PGT Innovations (PGT Innovations) Business Description
PGT Innovations Inc is a leading manufacturer of impact-resistant aluminum and vinyl-framed windows and doors and offers a broad range of fully customizable window and door products. The company distributes products through multiple channels, including window distributors, building supply distributors, window replacement dealers, and enclosure contractors. The products are sold through authorized dealers and distributor networks in the states of the Caribbean, Florida, Canada, and in South and Central America but the majority of its revenue is generated from Florida.
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