What is 1st NRG Earnings Yield (Joel Greenblatt) %?
1st NRG's Enterprise Value for the quarter that ended in Sep. 2009 was $2.78 Mil.
1st NRG's EBIT for the trailing twelve months (TTM) ended in Sep. 2009 was $-0.41 Mil. 1st NRG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2009 was 0.00%.
The historical rank and industry rank for 1st NRG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FNRC's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Oil & Gas industry.
Industry Median: 6.15 * 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) %. 1st NRG's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2009 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.
1st NRG Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for 1st NRG'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.
Competitive Comparison of 1st NRG's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas E&P subindustry, 1st NRG'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.
1st NRG's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, 1st NRG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where 1st NRG'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.
1st NRGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2008 is calculated as
1st NRG's EBIT for the trailing twelve months (TTM) ended in Sep. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.41 Mil.
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.
1st NRG Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of 1st NRG's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
1st NRG Corp is an exploration and production company. The company is primarily engaged in the development of natural gas producing properties in the Powder River Basin of Wyoming. The company operates in one industry segment, the exploration, development, production, and sale of oil and natural gas. Its project portfolio comprises Clabaugh ranch, eastern Ohio - Beekmantown dolomite, and coalbed methane.
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