Inpex's Enterprise Value for the quarter that ended in Dec. 2024 was $21,306 Mil.
Inpex's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was $9,423 Mil. Inpex's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2024 was 42.74%.
The historical rank and industry rank for Inpex's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
IPXHY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.14 Med: 21.11 Max: 53.4
Current: 45.87
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Inpex was 53.40%. The lowest was 3.14%. And the median was 21.11%.
IPXHY's Earnings Yield (Joel Greenblatt) % is ranked better than 95.08% of 1057
companies
in the Oil & Gas industry
Industry Median: 6.08
vs IPXHY: 45.87
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) %. Inpex's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 was 24.60%. 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.
Inpex Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Inpex'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 Inpex's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas E&P subindustry, Inpex'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.
Inpex's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Inpex's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Inpex'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.
Inpexs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2024 is calculated as
Inpex's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $9,423 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.
Inpex Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Inpex's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Headquartered in Tokyo, Inpex was founded in 2008 through a merger with Teikoku Oil. The precursor Inpex began life in 1966 as North Sumatra Offshore Petroleum Exploration and discovered the Attaka field in Indonesia in 1970 before acquiring the ADMA Block offshore the United Arab Emirates in 1973 and then discovering the Kashagan oilfield in Kazakhstan and Ichthys and Abadi gasfields in the Timor Sea in 2000. Teikoku Oil was founded in 1941 as a semigovernment entity and discovered Japan's largest natural gas reserves in Minami Nagaoka in 1979. Inpex is Japan's largest hydrocarbon producer, with oil and gas projects across multiple continents. It produces 230 million barrels of oil equivalent per year and has 6.2 billion barrels of oil equivalent in proven and probable reserves.
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