What is Kodiak Gas Services Earnings Yield (Joel Greenblatt) %?
Kodiak Gas Services's Enterprise Value for the quarter that ended in Mar. 2024 was $3,973.0 Mil.
Kodiak Gas Services's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $272.5 Mil. Kodiak Gas Services's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 6.86%.
The historical rank and industry rank for Kodiak Gas Services's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
KGS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.04 Med: 7.88 Max: 8.53
Current: 6.57
During the past 3 years, the highest Earnings Yield (Joel Greenblatt) of Kodiak Gas Services was 8.53%. The lowest was 6.04%. And the median was 7.88%.
KGS's Earnings Yield (Joel Greenblatt) % is ranked better than 50.23% of 1097
companies
in the Oil & Gas industry
Industry Median: 6.48
vs KGS: 6.57
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) %. Kodiak Gas Services's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 0.00%. 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.
Kodiak Gas Services Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Kodiak Gas Services'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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Kodiak Gas Services Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Kodiak Gas Services's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas Equipment & Services subindustry, Kodiak Gas Services'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.
Kodiak Gas Services's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Kodiak Gas Services's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kodiak Gas Services's Earnings Yield (Joel Greenblatt) % falls into.
Kodiak Gas Services 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.
Kodiak Gas Servicess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Kodiak Gas Services's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $272.5 Mil.
Kodiak Gas Services (NYSE:KGS) 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.
Kodiak Gas Services Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Kodiak Gas Services's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kodiak Gas Services (Kodiak Gas Services) Business Description
Kodiak Gas Services Inc is an operator of contract compression infrastructure in the United States. It manages business through two operating segments namely Compression Operations and Other Services. Compression Operations consist of operating company-owned and customer-owned compression infrastructure for customers, pursuant to fixed-revenue contracts to enable the production, gathering and transportation of natural gas and oil. Other Services consist of a full range of contract services to support the needs our customers, including station construction, maintenance and overhaul and other ancillary time and material-based offerings.
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