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Comet Ridge (ASX:COI) EV-to-EBIT : -35.33 (As of May. 10, 2024)


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What is Comet Ridge EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Comet Ridge's Enterprise Value is A$209.47 Mil. Comet Ridge's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$-5.93 Mil. Therefore, Comet Ridge's EV-to-EBIT for today is -35.33.

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

ASX:COI' s EV-to-EBIT Range Over the Past 10 Years
Min: -37.64   Med: -12.93   Max: -1.81
Current: -35.34

During the past 13 years, the highest EV-to-EBIT of Comet Ridge was -1.81. The lowest was -37.64. And the median was -12.93.

ASX:COI's EV-to-EBIT is ranked worse than
100% of 744 companies
in the Oil & Gas industry
Industry Median: 8.835 vs ASX:COI: -35.34

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Comet Ridge's Enterprise Value for the quarter that ended in Dec. 2023 was A$222.40 Mil. Comet Ridge's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$-5.93 Mil. Comet Ridge's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.67%.


Comet Ridge EV-to-EBIT Historical Data

The historical data trend for Comet Ridge'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.

Comet Ridge EV-to-EBIT Chart

Comet Ridge Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -44.86 -6.55 -6.58 -21.03 -44.46

Comet Ridge Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EV-to-EBIT 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 - -21.03 - -44.46 -

Competitive Comparison of Comet Ridge's EV-to-EBIT

For the Oil & Gas E&P subindustry, Comet Ridge'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.


Comet Ridge's EV-to-EBIT Distribution in the Oil & Gas Industry

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

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



Comet Ridge EV-to-EBIT Calculation

Comet Ridge's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=209.465/-5.928
=-35.33

Comet Ridge's current Enterprise Value is A$209.47 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Comet Ridge's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$-5.93 Mil.

* 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.


Comet Ridge  (ASX:COI) 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) %.

Comet Ridge's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 ) =EBIT / Enterprise Value (Q: Dec. 2023 )
=-5.928/222.3952
=-2.67 %

Comet Ridge's Enterprise Value for the quarter that ended in Dec. 2023 was A$222.40 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Comet Ridge's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$-5.93 Mil.

* 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.


Comet Ridge EV-to-EBIT Related Terms

Thank you for viewing the detailed overview of Comet Ridge's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Comet Ridge (ASX:COI) Business Description

Traded in Other Exchanges
N/A
Address
410 Queen Street, Level 3, Brisbane, QLD, AUS, 4000
Comet Ridge Ltd is an exploration company. It is engaged in the exploration and evaluation of its tenements for oil and gas reserves. The projects of the company includes Mahalo North and Mahalo Gas Project, Gunnedah, and Galilee Basin project. The projects are located in the states of Queensland and New South Wales, Australia.

Comet Ridge (ASX:COI) Headlines

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