What is Extraction Oil & Gas Earnings Yield (Joel Greenblatt) %?
Extraction Oil & Gas's Enterprise Value for the quarter that ended in Jun. 2021 was $1,474.3 Mil.
Extraction Oil & Gas's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 was $-935.2 Mil. Extraction Oil & Gas's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2021 was -63.29%.
The historical rank and industry rank for Extraction Oil & Gas's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XOG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -134.59 Med: -72.88 Max: -50.09
Current: -51.28
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Extraction Oil & Gas was -50.09%. The lowest was -134.59%. And the median was -72.88%.
XOG's Earnings Yield (Joel Greenblatt) % is not ranked
in the Oil & Gas industry.
Industry Median: 6.4
vs XOG: -51.28
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) %. Extraction Oil & Gas's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2021 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.
Extraction Oil & Gas Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Extraction Oil & Gas'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.
Extraction Oil & Gas Earnings Yield (Joel Greenblatt) % Chart
For the Oil & Gas E&P subindustry, Extraction Oil & Gas'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.
Extraction Oil & Gas's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Extraction Oil & Gas's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Extraction Oil & Gas's Earnings Yield (Joel Greenblatt) % falls into.
Extraction Oil & Gas 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.
Extraction Oil & Gass Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2020 is calculated as
Extraction Oil & Gas's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-935.2 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.
Extraction Oil & Gas Earnings Yield (Joel Greenblatt) % Related Terms
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Extraction Oil & Gas (Extraction Oil & Gas) Business Description
Extraction Oil & Gas Inc is an energy company. It focuses mainly on the exploration and production of oil & gas from its reserves in the Rocky Mountains. The company primarily operates in the Greater Wattenberg Field of Colorado's Denver-Julesburg Basin. It operates in a single segment, which is Extraction. The company generates the majority of its revenue from oil sales. Geographically, it operates in the United States.
Extraction Oil & Gas (Extraction Oil & Gas) Headlines
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