MRC Global's Enterprise Value for the quarter that ended in Dec. 2023 was $1,673 Mil.
MRC Global's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $185 Mil. MRC Global's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 11.06%.
The historical rank and industry rank for MRC Global's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MRC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -23.7 Med: 5.08 Max: 11.6
Current: 10.56
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of MRC Global was 11.60%. The lowest was -23.70%. And the median was 5.08%.
MRC's Earnings Yield (Joel Greenblatt) % is ranked better than 63.76% of 1090
companies
in the Oil & Gas industry
Industry Median: 6.495
vs MRC: 10.56
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) %. MRC Global's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
MRC Global Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for MRC Global'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.
For the Oil & Gas Equipment & Services subindustry, MRC Global'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.
MRC Global Earnings Yield (Joel Greenblatt) % Distribution
For the Oil & Gas industry and Energy sector, MRC Global's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MRC Global's Earnings Yield (Joel Greenblatt) % falls into.
MRC Global 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.
MRC Globals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
MRC Global's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $185 Mil.
MRC Global (NYSE:MRC) 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.
MRC Global Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of MRC Global's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.
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