What is Overseas Shipholding Group Earnings Yield (Joel Greenblatt) %?
Overseas Shipholding Group's Enterprise Value for the quarter that ended in Dec. 2023 was $856.6 Mil.
Overseas Shipholding Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $103.6 Mil. Overseas Shipholding Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 12.09%.
The historical rank and industry rank for Overseas Shipholding Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
OSG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -25.16 Med: 4.56 Max: 16.92
Current: 11.34
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Overseas Shipholding Group was 16.92%. The lowest was -25.16%. And the median was 4.56%.
OSG's Earnings Yield (Joel Greenblatt) % is ranked better than 66.27% of 1091
companies
in the Oil & Gas industry
Industry Median: 6.56
vs OSG: 11.34
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) %. Overseas Shipholding Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 13.90%. 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.
Overseas Shipholding Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Overseas Shipholding Group'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.
Overseas Shipholding Group Earnings Yield (Joel Greenblatt) % Chart
For the Oil & Gas Midstream subindustry, Overseas Shipholding Group'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.
Overseas Shipholding Group's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Overseas Shipholding Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Overseas Shipholding Group's Earnings Yield (Joel Greenblatt) % falls into.
Overseas Shipholding Group 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.
Overseas Shipholding Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Overseas Shipholding Group'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 $103.6 Mil.
Overseas Shipholding Group (NYSE:OSG) 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.
Overseas Shipholding Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Overseas Shipholding Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Overseas Shipholding Group (Overseas Shipholding Group) Business Description
Overseas Shipholding Group Inc is a tanker company which owns and operates a fleet of oceangoing vessels. It provides energy transportation services, delivering crude oil and petroleum products in the U.S. The company owns and operates a combined fleet of approximately 21 vessels registered in the United States. The company operates in the segment of the U.S. Flag Fleet. Majority of the company's revenue is generated in the form of time charters.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
OSG has been successfully added to your 