What is Magnolia Oil & Gas Earnings Yield (Joel Greenblatt) %?
Magnolia Oil & Gas's Enterprise Value for the quarter that ended in Dec. 2023 was $4,082 Mil.
Magnolia Oil & Gas's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $559 Mil. Magnolia Oil & Gas's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 13.48%.
The historical rank and industry rank for Magnolia Oil & Gas's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MGY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -158.1 Med: 11.33 Max: 29.81
Current: 12.22
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Magnolia Oil & Gas was 29.81%. The lowest was -158.10%. And the median was 11.33%.
MGY's Earnings Yield (Joel Greenblatt) % is ranked better than 68.85% of 1098
companies
in the Oil & Gas industry
Industry Median: 6.55
vs MGY: 12.22
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) %. Magnolia Oil & Gas'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.
Magnolia Oil & Gas Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Magnolia Oil & Gas'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.
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Magnolia Oil & Gas Earnings Yield (Joel Greenblatt) % Chart
For the Oil & Gas E&P subindustry, Magnolia Oil & Gas'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.
Magnolia Oil & Gas's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Magnolia Oil & Gas's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Magnolia Oil & Gas's Earnings Yield (Joel Greenblatt) % falls into.
Magnolia Oil & Gas 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.
Magnolia Oil & Gass Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Magnolia Oil & Gas'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 $559 Mil.
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.
Magnolia Oil & Gas Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Magnolia Oil & Gas's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Magnolia Oil & Gas (Magnolia Oil & Gas) Business Description
Magnolia Oil & Gas Corp is an independent oil and natural gas company engaged in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquid (NGL) reserves. The Company's oil and natural gas properties are located in Karnes County and the Giddings area in South Texas, where the Company targets the Eagle Ford Shale and Austin Chalk formations. Its objective is to generate stock market value over the long term through consistent organic production growth, high full-cycle operating margins, and an efficient capital program with short economic paybacks. The company's operating segment is acquisition, development, exploration, and production of oil and natural gas properties located in the United States.
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