What is NuVista Energy Earnings Yield (Joel Greenblatt) %?
NuVista Energy's Enterprise Value for the quarter that ended in Dec. 2023 was C$2,597 Mil.
NuVista Energy's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was C$514 Mil. NuVista Energy's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 19.72%.
The historical rank and industry rank for NuVista Energy's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSX:NVA'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -109.9 Med: 4.25 Max: 59.87
Current: 17.81
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of NuVista Energy was 59.87%. The lowest was -109.90%. And the median was 4.25%.
TSX:NVA's Earnings Yield (Joel Greenblatt) % is ranked better than 80.55% of 1095
companies
in the Oil & Gas industry
Industry Median: 6.56
vs TSX:NVA: 17.81
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) %. NuVista Energy's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 24.19%. 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.
NuVista Energy Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for NuVista Energy'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.
NuVista Energy Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of NuVista Energy's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas E&P subindustry, NuVista 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.
NuVista Energy's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NuVista Energy's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NuVista Energy's Earnings Yield (Joel Greenblatt) % falls into.
NuVista 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.
NuVista Energys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
NuVista Energy's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$514 Mil.
NuVista Energy (TSX:NVA) 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.
NuVista Energy Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of NuVista Energy's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
NuVista Energy Ltd engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Products sold include natural gas, condensate & oil, butane, propane, and ethane, with condensate composing nearly half of all sales. Condensate finds significant use in the heavy oil business when applied to heavy oil bitumen. It creates the viscosity needed for pipeline transportation. The Wapiti Montney area delivers the largest portion of hydrocarbon production for NuVista. To better service assets and production in this area, the firm operates compressor and dehydration stations.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSX:NVA has been successfully added to your 