What is Kosmos Energy Earnings Yield (Joel Greenblatt) %?
Kosmos Energy's Enterprise Value for the quarter that ended in Dec. 2023 was $5,383 Mil.
Kosmos Energy's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $476 Mil. Kosmos Energy's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 8.83%.
The historical rank and industry rank for Kosmos Energy's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
KOS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.07 Med: 3.28 Max: 18.1
Current: 9.44
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Kosmos Energy was 18.10%. The lowest was -12.07%. And the median was 3.28%.
KOS's Earnings Yield (Joel Greenblatt) % is ranked better than 59.85% of 1091
companies
in the Oil & Gas industry
Industry Median: 6.56
vs KOS: 9.44
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) %. Kosmos Energy's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 12.04%. 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.
Kosmos Energy Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Kosmos Energy'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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Kosmos Energy Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Kosmos Energy's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas E&P subindustry, Kosmos Energy'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.
Kosmos Energy's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Kosmos Energy's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kosmos Energy's Earnings Yield (Joel Greenblatt) % falls into.
Kosmos Energy 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.
Kosmos Energys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Kosmos Energy'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 $476 Mil.
Kosmos Energy (NYSE:KOS) 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.
Kosmos Energy Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Kosmos Energy's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kosmos Energy (Kosmos Energy) Business Description
Kosmos Energy Ltd is an independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. The company focuses on field developments designed to accelerate production. Kosmos' exploration is tied to a geologically based approach geared toward the identification of petroleum systems. Its process starts with geologic studies that assess a region's subsurface but also incorporates basin modeling as well as techniques to identify reservoir/seal pair development and trap definition. In addition, a 3D seismic analysis is done to identify prospective traps of interest. In tandem with the subsurface analysis, a country-specific analysis is done to get an understanding of above-ground dynamics before targeting specific licenses.
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