XBUL:NGAZ'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.06 Med: 6.93 Max: 26.13
Current: 8.32
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Oil and Gas Exploration and Production AD was 26.13%. The lowest was 2.06%. And the median was 6.93%.
XBUL:NGAZ's Earnings Yield (Joel Greenblatt) % is ranked better than 55.85% of 1094
companies
in the Oil & Gas industry
Industry Median: 6.585
vs XBUL:NGAZ: 8.32
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) %. Oil and Gas Exploration and Production AD's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2022 was -8.76%. 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.
Oil and Gas Exploration and Production AD Earnings Yield (Joel Greenblatt) % Historical Data
* 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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Oil and Gas Exploration and Production AD Earnings Yield (Joel Greenblatt) % Chart
Oil and Gas Exploration and Production AD Annual Data
Competitive Comparison of Oil and Gas Exploration and Production AD's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas E&P subindustry, Oil and Gas Exploration and Production AD'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.
Oil and Gas Exploration and Production AD's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Oil and Gas Exploration and Production AD's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Oil and Gas Exploration and Production AD's Earnings Yield (Joel Greenblatt) % falls into.
Oil and Gas Exploration and Production AD 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.
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Oil and Gas Exploration and Production AD (XBUL:NGAZ) 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.
Oil and Gas Exploration and Production AD Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Oil and Gas Exploration and Production AD's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Oil and Gas Exploration and Production AD (XBUL:NGAZ) Business Description
Oil and Gas Exploration and Production AD is engaged in prospecting, exploration, development and exploitation of oil and gas fields, as well as processing of crude oil. Some of the services provided by the company - design and conducting of 2D and 3D seismic data acquisition, geological and geophysical data processing and interpretation, mud logging, drilling of exploration and production wells for mineralized water and geothermal energy, well logging, among others.
Oil and Gas Exploration and Production AD (XBUL:NGAZ) Headlines
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