What is Gas Natural Earnings Yield (Joel Greenblatt) %?
Gas Natural's Enterprise Value for the quarter that ended in Mar. 2017 was $187.5 Mil.
Gas Natural's EBIT for the trailing twelve months (TTM) ended in Mar. 2017 was $4.0 Mil. Gas Natural's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2017 was 2.15%.
The historical rank and industry rank for Gas Natural's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
EGAS's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Utilities - Regulated industry.
Industry Median: 6.935 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Gas Natural's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2017 was -14.56%. 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.
Gas Natural Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Gas Natural'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.
Gas Natural Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Gas Natural's Earnings Yield (Joel Greenblatt) %
For the Utilities - Regulated Gas subindustry, Gas Natural'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.
Gas Natural's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Gas Natural's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Gas Natural's Earnings Yield (Joel Greenblatt) % falls into.
Gas Natural 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.
Gas Naturals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2016 is calculated as
Gas Natural's EBIT for the trailing twelve months (TTM) ended in Mar. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.0 Mil.
Gas Natural (AMEX:EGAS) 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.
Gas Natural Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Gas Natural's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gas Natural Inc was incorporated in Montana in 1909 and was reorganized as a holding company in 2009 as a means to facilitate future acquisitions and corporate level financing of natural gas utility and energy-related businesses. On July 9, 2010 the Company moved its state of incorporation to Ohio and changed its name from Energy, Inc. to Gas Natural Inc. The Company is a natural gas company, operating local distribution companies in six states and serving approximately 69,400 customers in total. It reports results in three business segments; Natural Gas, Marketing and Production, Corporate and Other. Natural Gas represents the majority of the Company's revenue, it annually distributes approximately 21 Bcf of natural gas to approximately 68,000 customers through regulated utilities operating in Kentucky, Maine, Montana, North Carolina, Ohio, and Pennsylvania. In the Marketing and Production segment, the Company markets approximately 3.6 Bcf of natural gas to commercial and industrial customers in Montana, Wyoming, Ohio, and Pennsylvania through EWR and GNR subsidiaries. Its EWR subsidiary also manages midstream supply and production assets for transportation customers and utilities. Corporate and Other encompasses the results of corporate acquisitions and other equity transactions and discontinued operations. Included in corporate and other are costs associated with business development and acquisitions, dividend income and recognized gains from the sale of marketable securities. In the Company's natural gas operations, it generally faces competition in the distribution and sales of natural gas from suppliers of other fuels, including coal, electricity, oil and propane. Its utility operations are subject to regulation by the KPSC, MPUC, MPSC, NCUC, PUCO, and the PaPUC. These authorities regulate many aspects of Company's distribution operations, including construction and maintenance of facilities, operations, safety, and regulatory rates charged to customers which control the rate of return it is allowed to realize.
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