What is FX Energy Earnings Yield (Joel Greenblatt) %?
FX Energy's Enterprise Value for the quarter that ended in Sep. 2015 was $0.00 Mil.
FX Energy's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 was $-56.26 Mil. FX Energy's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2015 was -59.88%.
The historical rank and industry rank for FX Energy's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FXENP.PFD'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -53.5 Med: 2.25 Max: 13.6
Current: -53.5
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of FX Energy was 13.60%. The lowest was -53.50%. And the median was 2.25%.
FXENP.PFD's Earnings Yield (Joel Greenblatt) % is not ranked
in the Oil & Gas industry.
Industry Median: 6.01
vs FXENP.PFD: -53.50
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) %. FX Energy's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2015 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.
FX Energy Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for FX Energy'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.
FX Energy Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of FX Energy's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas E&P subindustry, FX Energy'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.
FX Energy's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, FX Energy's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where FX Energy's Earnings Yield (Joel Greenblatt) % falls into.
FX Energy 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.
FX Energys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 is calculated as
FX Energy's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-56.26 Mil.
FX Energy (NAS:FXENP.PFD) 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.
FX Energy Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of FX Energy's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
FX Energy Inc was founded in 1989. The Company is an independent oil and gas exploration and production company with principal production, reserves, and exploration in Poland and oil production, oilfield service, and exploration activities in the United States. Company concentrates its exploration efforts in Poland on the Rotliegend sandstones of the Permian Basin. As of December 31, 2013, Company held oil and gas exploration rights in Poland in a number of separately designated project areas encompassing approximately 2.7 million gross acres. In Poland, it has projects involving the exploration and exploitation of oil and gas prospects in partnership with Polskie Górnictwo Naftowe i Gazownictwo or PGNiG, the Polish national oil and gas company, other industry partners, and for its own account. In the United States, it explores for and produces oil from fields in Montana and Nevada, and it have an oilfield services company in northern Montana that performs contract drilling and well-servicing operations. Company operates within two segments of the oil and gas industry: the exploration and production, or E&P, segment in Poland and the United States, and the oilfield services segment in the United States. The Company faces competition from larger oil and gas companies. The Companys oil and gas exploration, development, and production activities in Poland are subject to Polands laws and regulations and its United States operations are subject to governmental risks that may impact its operations.
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