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Diamond Offshore Drilling Earnings Yield (Joel Greenblatt) %

: 0.00% (As of Mar. 2022)
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Diamond Offshore Drilling's Enterprise Value for the quarter that ended in Mar. 2022 was $0.0 Mil. Diamond Offshore Drilling does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Mar. 2022. Therefore, GuruFocus does not calculate Diamond Offshore Drilling's Earnings Yield (Joel Greenblatt) at this moment.

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

DO' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.68   Med: 0   Max: 0
Current: -3.15

DO's Earnings Yield (Joel Greenblatt) % is ranked worse than
72.61% of 1121 companies
in the Oil & Gas industry
Industry Median: 5.35 vs DO: -3.15

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) %. Diamond Offshore Drilling's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.


Diamond Offshore Drilling Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Diamond Offshore Drilling'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.

Diamond Offshore Drilling Annual Data
Trend
Earnings Yield (Joel Greenblatt) %

Diamond Offshore Drilling Semi-Annual Data
Mar21 Mar22
Earnings Yield (Joel Greenblatt) % - -

Competitive Comparison

For the Oil & Gas Drilling subindustry, Diamond Offshore Drilling'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.

   

Diamond Offshore Drilling Earnings Yield (Joel Greenblatt) % Distribution

For the Oil & Gas industry and Energy sector, Diamond Offshore Drilling's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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



Diamond Offshore Drilling 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.

Diamond Offshore Drillings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in . 20 is calculated as

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



Diamond Offshore Drilling  (NYSE:DO) 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.


Diamond Offshore Drilling Earnings Yield (Joel Greenblatt) % Related Terms

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


Diamond Offshore Drilling Business Description

Diamond Offshore Drilling logo
Industry
Traded in Other Exchanges
N/A
Address
Website
Diamond Offshore Drilling Inc is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe with a total fleet of 12 offshore drilling rigs, consisting of eight semisubmersibles and four dynamically positioned drillships.
Executives
Duster Benjamin director 200 E. 84ST, 8TH FLOOR NEW YORK NY 10028
Launy Ane director 15415 KATY FREEWAY SUITE 100 HOUSTON TX 77094
Iyer Raj director 15415 KATY FREEWAY SUITE 100 HOUSTON TX 77094
Hollowell John director ONE SHELL PLAZA 910 LOUISIANA STREET HOUSTON TX 77002
Goldman Neal P director 10700 PARKRIDGE BLVD. RESTON VA 20191
Wolford Bernie G. director, officer: President and CEO DORFSTRASSE 19A 6340 BAAR V8 00000
Peakes Adam C director 13135 S. DAIRY ASHFORD, STE. 800 SUGAR LAND TX 77478
Lowe Patrick Carey director 6 CHESTERFIELD GARDENS 3RD FLOOR LONDON X0 W1J 5BQ
Savarino Dominic A officer: VP and Chief Acct/Tax Officer 757 N. ELDRIDGE PARKWAY HOUSTON TX 77079
Mcteague Peter director 15415 KATY FREEWAY SUITE 100 HOUSTON TX 77094
Howard Alan H director
Feygin Anatol director 700 MILAM STREET SUITE 1900 HOUSTON TX 77002
Kornblau Scott Lee officer: Acting Chief Financial Officer 15415 KATY FREEWAY SUITE 100 HOUSTON TX 77094
Roth Thomas officer: Senior Vice President 15415 KATY FREEWAY SUITE 100 HOUSTON TX 77094
Youngblood Kelly officer: Senior Vice President - CFO 15415 KATY FREEWAY SUITE 100 HOUSTON TX 77094
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