LBYE (Liberty Energy) Earnings Yield (Joel Greenblatt) % : -35.34% (As of Jul. 2014)

Liberty Energy Earnings Yield (Joel Greenblatt) % Chart

Liberty Energy Annual Data
	Trend	Jul06	Jul07	Jul08	Jul09	Jul10	Jul11	Jul12	Jul13	Jul14
Earnings Yield (Joel Greenblatt) %		Get a 7-Day Free Trial				-0.68	-4.31	-15.17	-8.37	-35.34

Liberty Energy Quarterly Data
	Oct09	Jan10	Apr10	Jul10	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															-8.37	-9.84	-9.06	-11.31	-35.34

Competitive Comparison of Liberty Energy's Earnings Yield (Joel Greenblatt) %

For the Oil & Gas E&P subindustry, Liberty Energy'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.

Liberty Energy's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry

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

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

Liberty Energy 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.

Liberty Energys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jul. 2014 is calculated as

Liberty Energy's EBIT for the trailing twelve months (TTM) ended in Jul. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.63 Mil.

Liberty Energy  (OTCPK:LBYE) 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.

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

Liberty Energy Earnings Yield (Joel Greenblatt) % Related Terms

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Liberty Energy Business Description