What is Forum Energy Technologies Earnings Yield (Joel Greenblatt) %?
Forum Energy Technologies's Enterprise Value for the quarter that ended in Dec. 2023 was $372.0 Mil.
Forum Energy Technologies's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $10.5 Mil. Forum Energy Technologies's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 2.82%.
The historical rank and industry rank for Forum Energy Technologies's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FET'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -168.53 Med: -3.27 Max: 15.11
Current: 2.73
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Forum Energy Technologies was 15.11%. The lowest was -168.53%. And the median was -3.27%.
FET's Earnings Yield (Joel Greenblatt) % is ranked worse than 61.41% of 1091
companies
in the Oil & Gas industry
Industry Median: 6.56
vs FET: 2.73
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) %. Forum Energy Technologies's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
Forum Energy Technologies Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Forum Energy Technologies'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.
Forum Energy Technologies Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Forum Energy Technologies's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas Equipment & Services subindustry, Forum Energy Technologies'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.
Forum Energy Technologies's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Forum Energy Technologies's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Forum Energy Technologies's Earnings Yield (Joel Greenblatt) % falls into.
Forum Energy Technologies 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.
Forum Energy Technologiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Forum Energy Technologies'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 $10.5 Mil.
Forum Energy Technologies (NYSE:FET) 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.
Forum Energy Technologies Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Forum Energy Technologies's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Forum Energy Technologies (Forum Energy Technologies) Business Description
Forum Energy Technologies Inc is a global products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include highly engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in three reporting segments, namely drilling and downhole, completions, and production. Revenue largely comes from consumable products and activity-based equipment. Consumable products include valves, centrifugal pumps, mud pump fluid end components, rig sensors, inserts, and dies.
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