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Victory Oilfield Tech (Victory Oilfield Tech) Earnings Yield (Joel Greenblatt) % : -1.82% (As of Dec. 2023)


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What is Victory Oilfield Tech Earnings Yield (Joel Greenblatt) %?

Victory Oilfield Tech's Enterprise Value for the quarter that ended in Dec. 2023 was $30.62 Mil. Victory Oilfield Tech's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.56 Mil. Victory Oilfield Tech's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -1.82%.

The historical rank and industry rank for Victory Oilfield Tech's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

VYEY' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -141.83   Med: -18.46   Max: 0.29
Current: -0.33

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Victory Oilfield Tech was 0.29%. The lowest was -141.83%. And the median was -18.46%.

VYEY's Earnings Yield (Joel Greenblatt) % is ranked worse than
68.13% of 1092 companies
in the Oil & Gas industry
Industry Median: 6.13 vs VYEY: -0.33

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) %. Victory Oilfield Tech's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 0.00%. 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.


Victory Oilfield Tech Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Victory Oilfield Tech'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.

* Premium members only.

Victory Oilfield Tech Earnings Yield (Joel Greenblatt) % Chart

Victory Oilfield Tech Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -25.00 -8.45 -1.12 -3.25 -1.82

Victory Oilfield Tech Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.25 -4.13 -3.88 -3.32 -1.82

Competitive Comparison of Victory Oilfield Tech's Earnings Yield (Joel Greenblatt) %

For the Oil & Gas Equipment & Services subindustry, Victory Oilfield Tech'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.


Victory Oilfield Tech's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Victory Oilfield Tech's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Victory Oilfield Tech's Earnings Yield (Joel Greenblatt) % falls into.



Victory Oilfield Tech 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.

Victory Oilfield Techs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-0.556/30.61672168
=-1.82 %

Victory Oilfield Tech'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 $-0.56 Mil.



Victory Oilfield Tech  (OTCPK:VYEY) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Victory Oilfield Tech Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Victory Oilfield Tech's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Victory Oilfield Tech (Victory Oilfield Tech) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3355 Bee Caves Road, Suite 608, Austin, TX, USA, 78746
Victory Oilfield Tech Inc is an oilfield energy-tech products company focused on improving well performance and extending the lifespan of the industry's most sophisticated and expensive equipment. The company's products include solutions for drill-pipe, production tubing, and radio frequency identification (RFID) enclosures. The company's only reportable segment is Hardband Services. Hardband Services provides various hardbanding solutions to oilfield operators for drill pipe, weight pipe, tubing, and drill collars.
Executives
Armacor Victory Ventures Llc 10 percent owner 26497 RANCHO PARKWAY SOUTH, DANA POINT CA 92630
Eric Eilersten director C/O VICTORY ENERGY CORPORATION, 3355 BEE CAVES ROAD, SUITE 608, AUSTIN TX 78746
Kevin Deleon director
Ricardo A Salas director
Visionary Private Equity Group I, Lp 10 percent owner 1325 W SUNSHINE #162, SPRINGFIELD MO 65807
Michael Cosby 10 percent owner 901 E. ST. LOUIS STREET, STE 1800, SPRINGFIELD MO 65806
Visionary Pe Gp I, Llc 10 percent owner 1325 W. SUNSHINE ST., NO. 162, SPRINGFIELD MO 65807
Smith Fred James Jr officer: Chief Financial Officer 3355 BEE CAVES RD, SUITE 608, AUSTIN TX 78746
Mark Wendell Biggers officer: CHIEF FINANCIAL OFFICER 3355 BBEE CAVES RD, SUITE 608, AUSTIN TX 78746
Kenneth E Hill director, officer: CHIEF OPERATIONS OFFICER 20341 IRVINE AVENUE, #D-6, NEWPORT BEACH X1 92660
Lindsey Stanley L Jr officer: VP EXPLORATION & DEVELOPMENT 20341 IRVINE AVENUE, #D-6, IRVINE CA 92660
Ronald Zamber director 20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660
Robert W Grenley director 20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660
Robert Miranda officer: Chief Executive Officer 2801 W. COAST HIGHWAY, SUITE 370, NEWPORT BEACH CA 92663
Edgar Trotter director 20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660

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