What is Total Energy Services Earnings Yield (Joel Greenblatt) %?
Total Energy Services's Enterprise Value for the quarter that ended in Dec. 2023 was C$363.6 Mil.
Total Energy Services's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was C$88.1 Mil. Total Energy Services's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 24.27%.
The historical rank and industry rank for Total Energy Services's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSX:TOT'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.57 Med: 5.22 Max: 23.34
Current: 18.99
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Total Energy Services was 23.34%. The lowest was -12.57%. And the median was 5.22%.
TSX:TOT's Earnings Yield (Joel Greenblatt) % is ranked better than 82.77% of 1091
companies
in the Oil & Gas industry
Industry Median: 6.56
vs TSX:TOT: 18.99
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) %. Total Energy Services's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 28.84%. 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.
Total Energy Services Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Total Energy Services'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.
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Total Energy Services Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Total Energy Services's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas Equipment & Services subindustry, Total Energy Services'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.
Total Energy Services's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Total Energy Services's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Total Energy Services's Earnings Yield (Joel Greenblatt) % falls into.
Total Energy Services 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.
Total Energy Servicess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Total Energy Services'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 C$88.1 Mil.
Total Energy Services (TSX:TOT) 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.
Total Energy Services Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Total Energy Services's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Total Energy Services (TSX:TOT) Business Description
Total Energy Services Inc is an energy services company. The operating segments of the company are Contract Drilling Services, Rentals & Transportation Services, Compression & Process Service, Well servicing, and Corporate. The majority of revenue is from the Compression & Process Service segment, which includes the Company fabricates a full range of natural gas compression equipment as well as oil, natural gas and other process equipment The company's operations are conducted in Canada, the United States of America, and Australia, out of which the majority are from Canada.
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