What is Martin Midstream Partners LP Earnings Yield (Joel Greenblatt) %?
Martin Midstream Partners LP's Enterprise Value for the quarter that ended in Mar. 2024 was $588.2 Mil.
Martin Midstream Partners LP's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $64.1 Mil. Martin Midstream Partners LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 10.89%.
The historical rank and industry rank for Martin Midstream Partners LP's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MMLP'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.56 Med: 4.93 Max: 12.4
Current: 10.82
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Martin Midstream Partners LP was 12.40%. The lowest was -0.56%. And the median was 4.93%.
MMLP's Earnings Yield (Joel Greenblatt) % is ranked better than 64.07% of 1091
companies
in the Oil & Gas industry
Industry Median: 6.56
vs MMLP: 10.82
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) %. Martin Midstream Partners LP's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 36.44%. 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.
Martin Midstream Partners LP Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Martin Midstream Partners LP'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.
Martin Midstream Partners LP Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Martin Midstream Partners LP's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas Midstream subindustry, Martin Midstream Partners LP'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.
Martin Midstream Partners LP's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Martin Midstream Partners LP's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Martin Midstream Partners LP's Earnings Yield (Joel Greenblatt) % falls into.
Martin Midstream Partners LP 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.
Martin Midstream Partners LPs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Martin Midstream Partners LP'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 $64.1 Mil.
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.
Martin Midstream Partners LP Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Martin Midstream Partners LP's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Martin Midstream Partners LP (Martin Midstream Partners LP) Business Description
Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region. The company's business lines include terminalling, processing, storage, and packaging services for petroleum products and by-products including the refining of naphthenic crude oil; land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and natural gas liquids marketing, distribution and transportation services. It generates maximum revenue from the Natural gas liquids segment.
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