What is The RMR Group Earnings Yield (Joel Greenblatt) %?
The RMR Group's Enterprise Value for the quarter that ended in Dec. 2023 was $489.2 Mil.
The RMR Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $117.4 Mil. The RMR Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 23.98%.
The historical rank and industry rank for The RMR Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
RMR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.42 Med: 17.12 Max: 94.02
Current: 51.81
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of The RMR Group was 94.02%. The lowest was 5.42%. And the median was 17.12%.
RMR's Earnings Yield (Joel Greenblatt) % is ranked better than 96.76% of 1854
companies
in the Real Estate industry
Industry Median: 4.285
vs RMR: 51.81
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) %. The RMR Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 0.25%. 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.
The RMR Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for The RMR 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.
The RMR Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of The RMR Group's Earnings Yield (Joel Greenblatt) %
For the Real Estate Services subindustry, The RMR 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.
The RMR Group's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, The RMR Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where The RMR Group's Earnings Yield (Joel Greenblatt) % falls into.
The RMR 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.
The RMR Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as
The RMR Group'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 $117.4 Mil.
The RMR Group (NAS:RMR) 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.
The RMR Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of The RMR Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
The RMR Group (The RMR Group) Business Description
The RMR Group Inc is a holding company that conducts its business through its subsidiary, which is an alternative asset management company that invests in real estate and manages real estate-related businesses. Its business consists of providing management services to publicly owned real estate investment trusts, or REITs, and real estate-related operating companies. It also provides management services to real estate securities mutual funds and commercial real estate finance companies. The company's operating segment is RMR LLC and All Other Operations. The RMR Group derives its revenue from providing business and property management services as well as advisory and other services.
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