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Mohanram G-Score is a financial indicator developed by professor Partha Mohanram to help investors find the best investment opportunities in the growth stocks. Companies have higher G-score tends to generate higher return. According to his study, the best growth stocks that have a G-Score greater than 6 tend to beat the market, while those with a G-Score lower than 1 tend to have negative absolute returns.
Thus, the zones of discrimination were as such:
Good or high score = 6, 7, 8
Bad or low score = 0, 1
TransAtlantic Petroleum has an G-score of 0. It is a bad or low score, which tends to have negative absolute returns.
The historical rank and industry rank for TransAtlantic Petroleum's Mohanram G-Score or its related term are showing as below:
The historical data trend for TransAtlantic Petroleum's Mohanram G-Score 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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Mohanram G-Score | Get a 7-Day Free Trial | N/A | N/A | N/A | N/A | N/A |
TransAtlantic Petroleum Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Mohanram G-Score | Get a 7-Day Free Trial | N/A | N/A | N/A | N/A | N/A |
The calculation of the Mohanram G-score consists of eight criteria. Assign one point for each criterion met, then add up all the points to get the G-Score.
Profitability
Question 1. Return on Assets (ROA)
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. It measures how well a company uses its asset to generate earnings.
Score 1 if ROA > ROA Industry Median, 0 otherwise.
Question 2. Cash ROA
Cash ROA equals to Cash Flow from Operations divided by average Total Assets. It measures how well a company uses its asset to generate cash.
Score 1 if Cash ROA > Cash ROA Industry Median, 0 otherwise.
Question 3. CFO and Net Income
Score 1 if CFO > Net Income, 0 otherwise.
Earnings Predictability
Question 4. Earnings Variability
Earnings Variability is measured as the variance of a firm's ROA in the past five years.
Score 1 if Earnings Variability < Earnings Variability Industry Median, 0 otherwise.
Question 5. Sales Growth Variability
Sales Growth Variability is measured as the 5-year variance in sales growth.
Score 1 if Sales Growth Variability < Sales Growth Variability Industry Median, 0 otherwise.
Accounting Conservatism
Question 6. Research & Development Intensity
Research & Development Intensity is calcualted by Research & Development divided by the beginning Total Assets.
Score 1 if Research & Development Intensity > Research & Development Intensity Industry Median, 0 otherwise.
Question 7. CAPEX Intensity
CAPEX Intensity is calcualted by Capital Expenditure divided by the beginning Total Assets.
Score 1 if CAPEX Intensity > CAPEX Intensity Industry Median, 0 otherwise.
Question 8. Advertising Expenditure Intensity
Advertising Expenditure Intensity is calcualted by Advertising Expenditure divided by the beginning Total Assets. Note that Advertising Expenditure is not reported as a seperate line item for many companies, thus Selling, General, & Admin. Expense is used in this calculation.
Score 1 if Advertising Expenditure Intensity > Advertising Expenditure Intensity Industry Median, 0 otherwise.
* 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.
* Note that all the Industry Median used for comparison in his original research, are substituted with Sector Median due to the limitation of data within certain countries.
Good or high score = 6, 7, 8
Bad or low score = 0, 1
TransAtlantic Petroleum has an G-score of 0. It is a bad or low score, which tends to have negative absolute returns.
TransAtlantic Petroleum (AMEX:TAT) Mohanram G-Score Explanation
Partha Mohanram is the John H. Watson Chair in Value Investing at Rotman and the Acting Vice-Dean of Research Strategy and Resources.
In 2000, he wrote a research paper called "Separating Winners from Losers Among Low Book-to-Market Stocks Using Financial Statement Analysis".
This paper tests whether a strategy based on financial statement analysis of low book-to-market (growth) stocks is successful in differentiating between winners and losers in terms of future stock performance. Based on the research, a strategy based on buying high G-score (6, 7 or 8) firms and shorting low G-score (0 or 1) firms consistently earns significant excess returns. Further, the results do not support a risk based explanation for the book-to-market effect as the strategy returns positive returns in all years, and firms that ex-ante appear less risky have better future returns.
To conclude, one can use a modified fundamental analysis strategy (G-score) to identify mispricing and earn substantial abnormal returns.
Thank you for viewing the detailed overview of TransAtlantic Petroleum's Mohanram G-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Mary E West | other: See REMARKS | 1603 ORRINGTON AVE STE 810 EVANSTON IL 60201 |
Mitchell Noah Malone Iii | director, 10 percent owner, officer: Chief Executive Officer | 16803 DALLAS PARKWAY, ADDISON TX 75001 |
West Family Investments, Inc. | other: See REMARKS | 1603 ORRINGTON AVE, SUITE 810 EVANSTON IL 60201 |
Randy Rochman | director | 16803 DALLAS PARKWAY ADDISON TX 75001 |
Jonathon Fite | director | 16803 DALLAS PARKWAY ADDISON TX 75001 |
West Investment Holdings, Llc | 10 percent owner, other: See REMARKS | 1603 ORRINGTON AVE., SUITE 810 EVANSTON IL 60201 |
Gary West | other: See REMARKS | 1603 ORRINGTON AVE., SUITE 810 EVANSTON IL 60201 |
Todd Dutton | officer: President | 16803 DALLAS PARKWAY ADDISON TX 75001 |
Tabitha Bailey | officer: VP & General Counsel | 16803 DALLAS PARKWAY, ADDISON TX 75001 |
Michael Paul Hill | officer: Chief Accounting Officer | 16803 DALLAS PARKWAY ADDISON TX 75001 |
Selami Uras | officer: Executive VP Turkey | 16803 N. DALLAS PARKWAY ADDISON TX 75001 |
David Gerald Mitchell | officer: Vice President Engineering | 16803 DALLAS PARKWAY ADDISON TX 75001 |
Galo Fabian Anda | officer: Principal Accounting/Financial | 16803 DALLAS PARKWAY ADDISON TX 75001 |
Mel G Riggs | director | 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020 |
Charles J Campise | director |
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