What is Pfeiffer Vacuum Technology AG Earnings Yield (Joel Greenblatt) %?
Pfeiffer Vacuum Technology AG's Enterprise Value for the quarter that ended in Sep. 2023 was €1,472.3 Mil.
Pfeiffer Vacuum Technology AG's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was €113.0 Mil. Pfeiffer Vacuum Technology AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 7.67%.
The historical rank and industry rank for Pfeiffer Vacuum Technology AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XTER:PFV'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.48 Med: 6.86 Max: 9.29
Current: 7.28
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Pfeiffer Vacuum Technology AG was 9.29%. The lowest was 2.48%. And the median was 6.86%.
XTER:PFV's Earnings Yield (Joel Greenblatt) % is ranked better than 68.19% of 3037
companies
in the Industrial Products industry
Industry Median: 4.41
vs XTER:PFV: 7.28
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) %. Pfeiffer Vacuum Technology AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 was 11.95%. 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.
Pfeiffer Vacuum Technology AG Earnings Yield (Joel Greenblatt) % Historical Data
* 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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Pfeiffer Vacuum Technology AG Earnings Yield (Joel Greenblatt) % Chart
For the Specialty Industrial Machinery subindustry, Pfeiffer Vacuum Technology AG'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.
Pfeiffer Vacuum Technology AG's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Pfeiffer Vacuum Technology AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pfeiffer Vacuum Technology AG's Earnings Yield (Joel Greenblatt) % falls into.
Pfeiffer Vacuum Technology AG 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.
Pfeiffer Vacuum Technology AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Pfeiffer Vacuum Technology AG's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €113.0 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.
Pfeiffer Vacuum Technology AG Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Pfeiffer Vacuum Technology AG's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Pfeiffer Vacuum Technology AG (XTER:PFV) Business Description
Pfeiffer Vacuum Technology AG is a Germany-based company that develops, manufactures, and markets parts and systems for vacuum generation, measurement, and analysis, and for leak detection. The company has an extensive line of solutions, products, and services, including turbo pumps, backing pumps, custom pumps, measurement and analysis equipment, and others. The company's customers primarily come from applications including semiconductors, coating, industrial purposes, and others. The company markets its products through its proprietary sales network and independent marketing agents. Pfeiffer Vacuum Technology has a global presence, with Europe, the United States, and Asia being the three biggest markets for the company.
Pfeiffer Vacuum Technology AG (XTER:PFV) Headlines
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