What is PBF Logistics LP Earnings Yield (Joel Greenblatt) %?
PBF Logistics LP's Enterprise Value for the quarter that ended in Sep. 2022 was $1,664.1 Mil.
PBF Logistics LP's EBIT for the trailing twelve months (TTM) ended in Sep. 2022 was $191.3 Mil. PBF Logistics LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2022 was 11.49%.
The historical rank and industry rank for PBF Logistics LP's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PBFX'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.19 Med: 8.23 Max: 16.71
Current: 11.07
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of PBF Logistics LP was 16.71%. The lowest was -1.19%. And the median was 8.23%.
PBFX's Earnings Yield (Joel Greenblatt) % is not ranked
in the Oil & Gas industry.
Industry Median: 6.58
vs PBFX: 11.07
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) %. PBF Logistics LP's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2022 was 10.18%. 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.
PBF Logistics LP Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for PBF Logistics LP'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 Midstream subindustry, PBF Logistics LP'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.
PBF Logistics LP's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PBF Logistics LP's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PBF Logistics LP's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
PBF Logistics LPs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as
PBF Logistics LP's EBIT for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $191.3 Mil.
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.
PBF Logistics LP Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of PBF Logistics LP's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
PBF Logistics LP (PBF Logistics LP) Business Description
PBF Logistics LP is a limited partnership which owns or leases, operates, develops and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. The company operates through two business segments namely Transportation and terminaling segment and Storage segment. The Transportation and terminaling segment which derives majority revenue consists of CR Rail Terminal, DCR West Rack, Toledo Truck Terminal and others. The Storage segment covers Toledo storage facility which consists of tanks for storing crude oil, refined products, and intermediates.
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