Equinor ASA (Equinor ASA) Earnings Yield (Joel Greenblatt) %

: 47.17% (As of Dec. 2023)

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Equinor ASA's Enterprise Value for the quarter that ended in Dec. 2023 was $86,112 Mil. Equinor ASA's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $39,007 Mil. Equinor ASA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 47.17%.

The historical rank and industry rank for Equinor ASA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

EQNR' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.72 Med: 19.33 Max: 110.81
Current: 52.36

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Equinor ASA was 110.81%. The lowest was -3.72%. And the median was 19.33%.

EQNR's Earnings Yield (Joel Greenblatt) % is ranked better than
96.25% of 1093 companies
in the Oil & Gas industry
Industry Median: 6.51 vs EQNR: 52.36

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) %. Equinor ASA's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 31.72%. 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.

Equinor ASA Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Equinor ASA'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.

Equinor ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Earnings Yield (Joel Greenblatt) %

12.74

-4.40

36.76

76.34

47.17

Equinor ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Earnings Yield (Joel Greenblatt) %																76.34	109.89	82.64	48.31	47.17

Competitive Comparison

For the Oil & Gas Integrated subindustry, Equinor ASA'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.

Equinor ASA Earnings Yield (Joel Greenblatt) % Distribution

For the Oil & Gas industry and Energy sector, Equinor ASA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Equinor ASA's Earnings Yield (Joel Greenblatt) % falls into.

Equinor ASA 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.

Equinor ASAs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	39006	/	86112.2572
	=	45.30 %

Equinor ASA'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 $39,007 Mil.

Equinor ASA (NYSE:EQNR) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

Equinor ASA Earnings Yield (Joel Greenblatt) % Related Terms

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Equinor ASA (Equinor ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Equinor ASA (NYSE:EQNR) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

STOHF:USA EQNR:Sweden EQNR:Norway EQNR:Mexico EQNRo:UK 0M2Z:UK DNQA:Germany DNQ:Germany DNQ:Germany DNQA:Germany DNQ:Germany E1QN34:Brazil

Address

Forusbeen 50, Stavanger, NOR, N-4035

Website

https://www.equinor.com

Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.0 million barrels of oil equivalent per day in 2022 (50% liquids) and ended the year with 5.2 billion barrels of proven reserves (49% liquidsl). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.