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Headwater ExplorationCDDRF -1.29%83 Earnings Yield (Joel Greenblatt) % is 9.02% as of Jun. 2026, which is 20% below its 10-year median of 11.29. GuruFocus rates CDDRF with a GF Score™ of 83/100 and a GF Value™ of $6.65 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,035 Oil & Gas companies, Headwater Exploration ranks better than 65.89% on this metric.
Headwater Exploration's Enterprise Value for the quarter that ended in Jun. 2026 was $1,919.4 Mil.
Headwater Exploration's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $177.0 Mil. Headwater Exploration's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 9.02%.
The historical rank and industry rank for Headwater Exploration's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CDDRF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1650.95 Med: 11.29 Max: 1823.3
Current: 8.2
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Headwater Exploration was 1823.30%. The lowest was -1650.95%. And the median was 11.29%.
CDDRF's Earnings Yield (Joel Greenblatt) % is ranked better than 65.89% of 1035
companies
in the Oil & Gas industry
Industry Median: 4.94
vs CDDRF: 8.20
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) %. Headwater Exploration's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 21.91%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.
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.
Headwater Exploration Earnings Yield (Joel Greenblatt) % Related Terms
Headwater Exploration Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Headwater Exploration'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.
For the Oil & Gas E&P subindustry, Headwater Exploration'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.
Headwater Exploration Earnings Yield (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Headwater Exploration's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Headwater Exploration'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.
Headwater Explorations Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Headwater Exploration's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $177.0 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 9.02% mean?
Headwater Exploration (CDDRF) has a Earnings Yield (Joel Greenblatt) % of 9.02% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Headwater Exploration and its competitors. This is 20% below median its historical median of 11.29. According to the industry distribution chart, Headwater Exploration ranks #353 out of 1035 companies in the Oil & Gas industry, placing it in the top 34.1%.
Is Headwater Exploration's Earnings Yield (Joel Greenblatt) % too high?
Headwater Exploration's current Earnings Yield (Joel Greenblatt) % of 9.02% is 20% below median its 10-year median of 11.29. The Oil & Gas industry median Earnings Yield (Joel Greenblatt) % is 4.94. Headwater Exploration's value of 9.02% is 82.6% above this industry median. Based on the distribution chart, Headwater Exploration ranks #353 out of 1035 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Headwater Exploration has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Headwater Exploration's Earnings Yield (Joel Greenblatt) % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Headwater Exploration ranks #353 out of 1035 companies for Earnings Yield (Joel Greenblatt) %. This puts Headwater Exploration in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 4.94. Headwater Exploration's value of 9.02% is 82.6% above this benchmark. While the company's 10-year median is 11.29 vs. the industry median of 4.94, Headwater Exploration has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for an Oil & Gas company?
The median Earnings Yield (Joel Greenblatt) % among Oil & Gas companies is 4.94, based on 1,035 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Headwater Exploration's current Earnings Yield (Joel Greenblatt) % of 9.02% is 82.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Headwater Exploration and its competitors. For the Oil & Gas industry, the median Earnings Yield (Joel Greenblatt) % is 4.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Headwater Exploration's current Earnings Yield (Joel Greenblatt) % is 9.02%, which is 20% below median its own 10-year median of 11.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Headwater Exploration stock overvalued right now?
Based on GuruFocus' analysis, Headwater Exploration (CDDRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.65, compared to a current price of $9.20 — trading 38.3% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 9.02%, which is 20% below median its 10-year median of 11.29 and 82.6% above the Oil & Gas industry median of 4.94. Headwater Exploration's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Headwater Exploration (CDDRF), the current Earnings Yield (Joel Greenblatt) % is 9.02% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Headwater Exploration (CDDRF) Overvalued in 2026?
Based on GuruFocus' analysis, Headwater Exploration stock appears to be overvalued.
The current stock price of $9.20 is trading 38.3% above its estimated GF Value™ of $6.65.
GuruFocus considers Headwater Exploration to be Significantly Overvalued.
Key valuation signals for CDDRF:
Earnings Yield (Joel Greenblatt) %: 9.02% (20% below median its 10-year median of 11.29)
GF Value™: $6.65 vs. price of $9.20 (38.3% above fair value)
Industry Position: 82.6% above the Oil & Gas median (#353 of 1035)
No single metric tells the full story. See the CDDRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Headwater Exploration Inc is a Canadian resource company engaged in the exploration for and development and production of petroleum and natural gas in Canada. The company has high quality oil production, reserves, and lands in the prolific Clearwater play in the Marten Hills, Greater Peavine and Greater Nipisi areas of Alberta as well as low decline natural gas production and reserves in the McCully Field near Sussex, New Brunswick. Its core operating areas are Clearwater fairway, Alberta and McCully Field, New Brunswick.
83GF Score
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