What is Logan International Earnings Yield (Joel Greenblatt) %?
Logan International's Enterprise Value for the quarter that ended in Jun. 2016 was $66.09 Mil.
Logan International's EBIT for the trailing twelve months (TTM) ended in Jun. 2016 was $-116.58 Mil. Logan International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2016 was -175.44%.
The historical rank and industry rank for Logan International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LIIZF's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Oil & Gas industry.
Industry Median: 6.56 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Logan International's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2016 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.
Logan International Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Logan International'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.
Logan International Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Logan International's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas Equipment & Services subindustry, Logan International'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.
Logan International's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Logan International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Logan International's Earnings Yield (Joel Greenblatt) % falls into.
Logan International 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.
Logan Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2015 is calculated as
Logan International's EBIT for the trailing twelve months (TTM) ended in Jun. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-116.58 Mil.
Logan International (OTCPK:LIIZF) 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.
Logan International Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Logan International's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Logan International (Logan International) Business Description
Logan International Inc. is incorporated in Canada under the province of Alberta, Canada on April 7,1993 as 562328 Alberta Ltd. On November 10, 1993, the Company's articles were amended to change its name to Destiny Resource Services Corp. On May 13, 2010, the Company subsequently changed its name to 'Logan International Inc.'. The Company operates in one segment, Downhole Tool Operations segment through its subsidiaries. Logan Oil Tools, Inc. manufactures and sells complete line of quality fishing and intervention tools including retrieving, stroking and remedial tools and power swivel equipment. Logan Completion Systems, Inc. sells and provides proprietary fracturing products and services and downhole tools including packers, mud motors, casing patches and multi-zone fracture isolation systems. Dennis Tool Company manufactures and sells high performance polycrystalline diamond compact ("PDC") cutters and bearings that are used in drilling and completion activities. Scope Production Developments Ltd. provides proprietary products, services and technologies which enhance production in sand laden oil wells. Kline Oilfield Equipment, Inc. designs, develops, manufactures and sells completion products such as packers, bridge plugs and collar locators. Xtend Energy Services Inc. provides specialized and proprietary tools that improve drilling efficiency in horizontal wells. Logan Oil Tools and Dennis Tool sell products throughout North America, in established international oil producing locations of Scotland, Singapore, Colombia, Canada and the United Arab Emirates and in emerging energy producing markets including China, India, Russia, Eastern Europe, Brazil, offshore West Africa and the Middle East. Logan Completion Systems, Kline, Xtend and Scope currently conduct their operations mostly in Canada and the United States.
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