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Energen's Enterprise Value for the quarter that ended in Sep. 2018 was $9,340 Mil. Energen's EBIT for the trailing twelve months (TTM) ended in Sep. 2018 was $291 Mil. Energen's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2018 was 3.12%.
The historical rank and industry rank for Energen's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
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) %. Energen's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2018 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.
The historical data trend for Energen'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.
Energen Annual Data | |||||||||||||||||||||
Trend | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | |||||||||||
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 5.32 | 4.42 | -35.84 | -3.65 | 2.29 |
Energen Quarterly Data | ||||||||||||||||||||
Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | |
Earnings Yield (Joel Greenblatt) % | Get a 7-Day Free Trial | 0.51 | 2.29 | 3.63 | 3.71 | 3.12 |
For the Oil & Gas E&P subindustry, Energen'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.
For the Oil & Gas industry and Energy sector, Energen's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Energen'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.
Energens Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2017 is calculated as
Earnings Yield (Joel Greenblatt) | = | EBIT | / | Enterprise Value |
= | 145.753 | / | 6374.495464 | |
= | 2.29 % |
Energen's EBIT for the trailing twelve months (TTM) ended in Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $291 Mil.
Energen (NYSE:EGN) 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.
Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.
Thank you for viewing the detailed overview of Energen's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Magnus James Gorrie | director | PO BOX 10383, BIRMINGHAM AL 35202 |
J T Mcmanus | director, officer: Chairman and CEO | 605 RICHARD ARRINGTON JR BLVD N, BIRMINGHAM AL 35203-2707 |
Lori A Lancaster | director | 302 WEST 86TH STREET. APT. 4C, NEW YORK NY 10024 |
Frances Powell Hawes | director | AMERICAN ELECTRIC TECHNOLOGIES, INC., 6410 LONG DRIVE, HOUSTON TX 77087 |
Jonathan Z Cohen | director | 1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103 |
Jay Grinney | director | ONE PARK PLAZA, NASHVILLE TN 37203 |
Vincent J Intrieri | director | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
Carl C Icahn | other: Potential Group Member | C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160 |
High River Limited Partnership | 10 percent owner | 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
Icahn Partners Master Fund Lp | 10 percent owner | 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
Icahn Partners Lp | 10 percent owner | 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160 |
Keith A. Meister | other: Potential Group Members | C/O ICAHN CAPITAL LP, 767 FIFTH AVENUE, SUITE 4700, NEW YORK NY 10153 |
Laurence M Downes | director | C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719 |
Stephen A Snider | director | TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380 |
T Michael Goodrich | director | 605 RICHARD ARRINGTON JR BLVD N, BIRMINGHAM AL 35203-2707 |
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