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Civeo Earnings Yield (Joel Greenblatt) %

: 6.98% (As of Jun. 2022)
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Civeo's Enterprise Value for the quarter that ended in Jun. 2022 was $594.1 Mil. Civeo's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $41.5 Mil. Civeo's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was 6.98%.

The historical rank and industry rank for Civeo's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

CVEO' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -65.09   Med: -13.26   Max: 11.72
Current: 6.4

During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of Civeo was 11.72%. The lowest was -65.09%. And the median was -13.26%.

CVEO's Earnings Yield (Joel Greenblatt) % is ranked better than
58.45% of 1071 companies
in the Business Services industry
Industry Median: 5.03 vs CVEO: 6.40

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) %. Civeo's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 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.


Civeo Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Civeo'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.

Civeo Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.63 -13.23 -6.39 -24.33 3.65

Civeo Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.70 0.70 3.65 5.10 6.98

Competitive Comparison

For the Specialty Business Services subindustry, Civeo'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.

   

Civeo Earnings Yield (Joel Greenblatt) % Distribution

For the Business Services industry and Industrials sector, Civeo's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Civeo's Earnings Yield (Joel Greenblatt) % falls into.



Civeo 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.

Civeos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=18.837/516.389704
=3.65 %

Civeo's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $41.5 Mil.



Civeo  (NYSE:CVEO) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Civeo Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Civeo's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Civeo Business Description

Civeo logo
Industry
Traded in Other Exchanges
Address
333 Clay Street, Three Allen Center, Suite 4980, Houston, TX, USA, 77002
Civeo Corp provides long-term and temporary remote site accommodations, logistics, and facility management services, especially to the natural resource industry. It also provides catering and food services, housekeeping, laundry, facility management, water and wastewater treatment, power generation, communications, and personnel logistics at the sites where it provides accommodation. It organizes its business under segments based on the nature of its geographical spread, which includes Canada, where it generates most of its revenues; followed by Australia and the United States.
Executives
Grewal Jagdish director 333 CLAY STREET SUITE 4980 HOUSTON TX 77065
Montelongo Michael director 203 EAST MAIN STREET SPARTANBURG SC 29319
Brewer Barclay officer: Vice President and Controller 333 CLAY STREET SUITE 4980 HOUSTON TX 77002
Gilbertson Ronald director 333 CLAY STREET HOUSTON TX 77002
Torgerson Tammy 10 percent owner 596 MCCLURE ROAD KELOWNA A1 V1W 1H3
Torgerson Family Trust 10 percent owner 596 MCCLURE ROAD KELOWNA A1 V1W 1H3
Torgerson Lance 10 percent owner 596 MCCLURE ROAD KELOWNA A1 V1W 1H3
Wall Timothy O director 333 CLAY STREET SUITE 4980 HOUSTON TX 77002
Ridley Mike officer: See Remarks 333 CLAY STREET, SUITE 4980 HOUSTON TX 77002
Schoening Allan officer: See Remarks 333 CLAY STREET, #4980 HOUSTON TX 77002
Greene Alexander David director 3200 INDUSTRIAL PARK ROAD VAN BUREN AR 72956
Weisman Marc director 160 RARITAN CENTER PARKWAY EDISON NJ 08837
Ashner Michael L director C/O WINTHROP FINANCIAL ASSOCIATES TWO JERICHO PLAZA WING A JERICHO NY 11753
Blankenship C Ronald director 5004 GREEN TREE HOUSTON TX 77056
Szalkowski Charles director 333 CLAY STREET, SUITE 4980 HOUSTON TX 77002

Civeo Headlines

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