What is Questerre Energy Earnings Yield (Joel Greenblatt) %?
Questerre Energy's Enterprise Value for the quarter that ended in Mar. 2024 was C$58.57 Mil.
Questerre Energy's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was C$-0.34 Mil. Questerre Energy's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was -0.58%.
The historical rank and industry rank for Questerre Energy's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSX:QEC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -142.3 Med: 0.63 Max: 163.9
Current: -0.62
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Questerre Energy was 163.90%. The lowest was -142.30%. And the median was 0.63%.
TSX:QEC's Earnings Yield (Joel Greenblatt) % is ranked worse than 68.61% of 1096
companies
in the Oil & Gas industry
Industry Median: 6.145
vs TSX:QEC: -0.62
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) %. Questerre Energy's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 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.
Questerre Energy Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Questerre 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.
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Questerre Energy Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Questerre Energy's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas E&P subindustry, Questerre 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.
Questerre Energy's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Questerre Energy's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Questerre Energy's Earnings Yield (Joel Greenblatt) % falls into.
Questerre 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.
Questerre Energys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Questerre Energy's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.34 Mil.
Questerre Energy (TSX:QEC) 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.
Questerre Energy Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Questerre Energy's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Questerre Energy Corp serves the oil and gas sector. The Canada-based company is engaged in the acquisition, exploration, and development of oil and gas projects. It operates non-conventional projects such as tight oil, oil shale, shale oil and shale gas. The segments of the group are Western Canada; Quebec ; and Corporate and others. Western Canada segment involves exploration and development activities in Western Canada including Alberta, Saskatchewan and Manitoba with the existing production of natural gas, crude oil and natural gas liquids. Quebec segment consists the development of natural gas discovery in the province with a focus on securing social acceptability and regulatory approvals for a clean technology energy project.
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