What is Newfield Exploration Co Earnings Yield (Joel Greenblatt) %?
Newfield Exploration Co's Enterprise Value for the quarter that ended in Sep. 2018 was $7,948 Mil.
Newfield Exploration Co's EBIT for the trailing twelve months (TTM) ended in Sep. 2018 was $598 Mil. Newfield Exploration Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2018 was 7.54%.
The historical rank and industry rank for Newfield Exploration Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NFX's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Oil & Gas industry.
Industry Median: 6.56 * 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) %. Newfield Exploration Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2018 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.
Newfield Exploration Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Newfield Exploration Co'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.
Newfield Exploration Co Earnings Yield (Joel Greenblatt) % Chart
For the Oil & Gas E&P subindustry, Newfield Exploration Co'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.
Newfield Exploration Co's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Newfield Exploration Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Newfield Exploration Co's Earnings Yield (Joel Greenblatt) % falls into.
Newfield Exploration Co 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.
Newfield Exploration Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2017 is calculated as
Newfield Exploration Co's EBIT for the trailing twelve months (TTM) ended in Sep. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $598 Mil.
Newfield Exploration Co (NYSE:NFX) 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.
Newfield Exploration Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Newfield Exploration Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Newfield Exploration Co (Newfield Exploration Co) Business Description
Newfield Exploration Company is an independent exploration and production company that participates in exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company operates with a portfolio of onshore liquids-rich resource plays. Newfield Exploration has extensive drilling inventories in the United States' drilling areas. The majority of Newfield's operations are located in the Anadarko and Arkoma basins of Oklahoma, Willingston basin of North Dakota and Uinta basin of Utah. It also has oil producing assets offshore China. The majority of Newfield's oil, natural gas, and natural gas liquids are sold to a variety of purchasers under short-term contracts.
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