The historical rank and industry rank for Motor Oil (Hellas) Corinth Refineries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:MHZ'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.19 Med: 15.03 Max: 43.34
Current: 26.3
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Motor Oil (Hellas) Corinth Refineries was 43.34%. The lowest was -2.19%. And the median was 15.03%.
FRA:MHZ's Earnings Yield (Joel Greenblatt) % is ranked better than 90.42% of 1096
companies
in the Oil & Gas industry
Industry Median: 6.215
vs FRA:MHZ: 26.30
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) %. Motor Oil (Hellas) Corinth Refineries's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 29.27%. 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.
Motor Oil (Hellas) Corinth Refineries 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.
Competitive Comparison of Motor Oil (Hellas) Corinth Refineries's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas Refining & Marketing subindustry, Motor Oil (Hellas) Corinth Refineries'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.
Motor Oil (Hellas) Corinth Refineries's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Motor Oil (Hellas) Corinth Refineries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Motor Oil (Hellas) Corinth Refineries'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.
Motor Oil (Hellas) Corinth Refineries'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 €1,191 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.
Motor Oil (Hellas) Corinth Refineries Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Motor Oil (Hellas) Corinth Refineries's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) Business Description
Motor Oil (Hellas) Corinth Refineries SA operates a series of ancillary plants and offsite facilities that make up its refinery business. Its operations can process crude oils of various characteristics and produce a full range of petroleum products, complying with myriad international specifications. It serves major petroleum marketing companies in Greece and internationally. Motor Oil Hellas' production ranges from light ends and gasoline to middle distillates, fuel, bitumen, and lubricants. The company is one of very few in its region that produces and packages lubricants. Its base oils and lubricants are approved by several prominent international organizations.
Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) Headlines
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