What is Parker Drilling Co Earnings Yield (Joel Greenblatt) %?
Parker Drilling Co's Enterprise Value for the quarter that ended in Dec. 2019 was $0.00 Mil.
Parker Drilling Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2019 was $-50.81 Mil. Parker Drilling Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2019 was 0.00%.
The historical rank and industry rank for Parker Drilling Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PKRDQ.PFD'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8805.2 Med: 2.7 Max: 422
Current: -59.52
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Parker Drilling Co was 422.00%. The lowest was -8805.20%. And the median was 2.70%.
PKRDQ.PFD's Earnings Yield (Joel Greenblatt) % is not ranked
in the Oil & Gas industry.
Industry Median: 6.58
vs PKRDQ.PFD: -59.52
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) %. Parker Drilling Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2019 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.
Parker Drilling Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Parker Drilling Co'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.
Parker Drilling Co Earnings Yield (Joel Greenblatt) % Chart
For the Oil & Gas Equipment & Services subindustry, Parker Drilling Co'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.
Parker Drilling Co's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Parker Drilling Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Parker Drilling Co's Earnings Yield (Joel Greenblatt) % falls into.
Parker Drilling Co 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.
Parker Drilling Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2019 is calculated as
Parker Drilling Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-50.81 Mil.
Parker Drilling Co (OTCPK:PKRDQ.PFD) 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.
Parker Drilling Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Parker Drilling Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Parker Drilling Co (Parker Drilling Co) Business Description
Parker Drilling Co is a provider of contract drilling and drilling-related services as well as rental tools and services. It reports its Drilling Services business into two segments namely U.S. (Lower 48) Drilling and International & Alaska Drilling. For Rental Tools Services business reports two segments namely U.S. Rental Tools and International Rental Tools. In the Drilling Services business, the company drill oil, natural gas, and geothermal wells. In Rental business, it provides rental equipment and services to exploration & production companies, drilling contractors and service companies on land and offshore in the United States.
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