Concho Resources (Concho Resources) EV-to-EBIT : -1.38 (As of May. 12, 2024)

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What is Concho Resources EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Concho Resources's Enterprise Value is $16,331 Mil. Concho Resources's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 was $-11,875 Mil. Therefore, Concho Resources's EV-to-EBIT for today is -1.38.

The historical rank and industry rank for Concho Resources's EV-to-EBIT or its related term are showing as below:

CXO' s EV-to-EBIT Range Over the Past 10 Years
Min: -32.65 Med: 17.45 Max: 36.7
Current: -1.29

During the past 13 years, the highest EV-to-EBIT of Concho Resources was 36.70. The lowest was -32.65. And the median was 17.45.

CXO's EV-to-EBIT is not ranked
in the Oil & Gas industry.
Industry Median: 8.855 vs CXO: -1.29

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Concho Resources's Enterprise Value for the quarter that ended in Sep. 2020 was $12,115 Mil. Concho Resources's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 was $-11,875 Mil. Concho Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2020 was -98.02%.

Concho Resources EV-to-EBIT Historical Data

The historical data trend for Concho Resources's EV-to-EBIT 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.

Concho Resources EV-to-EBIT Chart

Concho Resources Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

EV-to-EBIT

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48.38

-10.34

22.03

10.05

-30.99

Concho Resources Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
EV-to-EBIT	Get a 7-Day Free Trial															10.48	-30.99	-1.18	-1.28	-1.04

Competitive Comparison of Concho Resources's EV-to-EBIT

For the Oil & Gas E&P subindustry, Concho Resources's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Concho Resources's EV-to-EBIT Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Concho Resources's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Concho Resources's EV-to-EBIT falls into.

Concho Resources EV-to-EBIT Calculation

Concho Resources's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	16330.927	/	-11875
	=	-1.38

Concho Resources's current Enterprise Value is $16,331 Mil.
Concho Resources's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11,875 Mil.

Concho Resources (NYSE:CXO) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Concho Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2020 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Sep. 2020 )	=	EBIT	/	Enterprise Value (Q: Sep. 2020 )
	=	-11875	/	12115.06484
	=	-98.02 %

Concho Resources's Enterprise Value for the quarter that ended in Sep. 2020 was $12,115 Mil.
Concho Resources's EBIT for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11,875 Mil.

Concho Resources EV-to-EBIT Related Terms

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Concho Resources (Concho Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Concho Resources Inc (NYSE:CXO) » Definitions » EV-to-EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 West Illinois Avenue, One Concho Center, Midland, TX, USA, 79701

Website

https://www.concho.com

Concho Resources is an independent oil and natural gas company with operations primarily in the Permian Basin of western Texas and southeastern New Mexico. At the end of 2019, it reported proved reserves of 1.0 billion barrels of oil equivalent. Net production averaged about 331 thousand boe per day in 2018, of which 63% was oil (with natural gas and natural gas liquids making up the remainder).

Executives

Steven L Beal	director	7220 MEADOW ROAD, DALLAS TX 75230
John P Surma	director
Steven D Gray	director	125 W. MISSOURI AVE., SUITE 450, MIDLAND TX 79701
E Joseph Wright	director	550 WEST TEXAS AVENUE, SUITE 1300, MIDLAND TX 79701
Tucker S Bridwell	director	400 PINE STE 1000, ABILENE TX 79601
Keenan W Howard Jr	director	410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Steven H Pruett	officer: SVP of Corporate Development	C/O LEGACY RESERVES GP, LLC 303 W. WALL STREET, SUITE 1600 MIDLAND TX 79701
David W Copeland	officer: VP Gen. Counsel & Secretary	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Yorktown Energy Partners V Lp	other: See Remarks	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Yorktown V Co Llc	other: See Remarks	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Yorktown Energy Partners Vi Lp	other: See Remarks	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Yorktown Vi Associates Llc	other: See Remarks	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Easter William H Iii	director	370 17TH ST, STE 2500, DENVER CO 80202