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El Paso Pipeline Partners LP (FRA:3EP1) Earnings Yield (Joel Greenblatt) % : 6.17% (As of Sep. 2014)


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What is El Paso Pipeline Partners LP Earnings Yield (Joel Greenblatt) %?

El Paso Pipeline Partners LP's Enterprise Value for the quarter that ended in Sep. 2014 was €5,688 Mil. El Paso Pipeline Partners LP's EBIT for the trailing twelve months (TTM) ended in Sep. 2014 was €641 Mil. El Paso Pipeline Partners LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2014 was 6.17%.

The historical rank and industry rank for El Paso Pipeline Partners LP's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

FRA:3EP1' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.3   Med: 6.6   Max: 9.8
Current: 5.8

During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of El Paso Pipeline Partners LP was 9.80%. The lowest was 0.30%. And the median was 6.60%.

FRA:3EP1's Earnings Yield (Joel Greenblatt) % is not ranked
in the Oil & Gas industry.
Industry Median: 6.495 vs FRA:3EP1: 5.80

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) %. El Paso Pipeline Partners LP's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2014 was -10.23%. 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.


El Paso Pipeline Partners LP Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for El Paso Pipeline Partners LP'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.

El Paso Pipeline Partners LP Earnings Yield (Joel Greenblatt) % Chart

El Paso Pipeline Partners LP Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.04 7.29 6.56 6.94 7.50

El Paso Pipeline Partners LP Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 6.93 7.50 8.31 6.72 6.17

Competitive Comparison of El Paso Pipeline Partners LP's Earnings Yield (Joel Greenblatt) %

For the Oil & Gas Midstream subindustry, El Paso Pipeline Partners LP'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.


El Paso Pipeline Partners LP's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, El Paso Pipeline Partners LP's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where El Paso Pipeline Partners LP's Earnings Yield (Joel Greenblatt) % falls into.



El Paso Pipeline Partners LP 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.

El Paso Pipeline Partners LPs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2013 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=653.35/8280.563448
=7.89 %

El Paso Pipeline Partners LP's EBIT for the trailing twelve months (TTM) ended in Sep. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €641 Mil.



El Paso Pipeline Partners LP  (FRA:3EP1) 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.


El Paso Pipeline Partners LP Earnings Yield (Joel Greenblatt) % Related Terms

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


El Paso Pipeline Partners LP (FRA:3EP1) Business Description

Industry
Traded in Other Exchanges
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Address
El Paso Pipeline Partners LP is a Delaware Master Limited Partner formed in 2007. The Company owns and operates interstate natural gas transportation and terminaling facilities. The pipelines that the company owns are WIC, SLNG, Elba Express, SNG, CIG, SLC and CPG. WIC and CIG are interstate pipeline systems serving the Rocky Mountain region. CPG is an interstate pipeline that serves the Rocky Mountain and Midwest regions. SLNG owns the Elba Island LNG storage and regasification terminal near Savannah, Georgia. Elba Express and SNG are interstate pipeline systems serving the southeastern region of the U.S. SNG is comprised of pipelines extending from natural gas supply basins in Texas, Louisiana, Mississippi and Alabama to market areas in Louisiana, Mississippi, Alabama, Florida, Georgia, South Carolina and Tennessee, including the metropolitan areas of Atlanta and Birmingham. SNG owns pipeline facilities serving southeastern markets in Alabama, Georgia and South Carolina. CIG is comprised of pipelines that deliver natural gas from production areas in the Rocky Mountains and the Anadarko Basin directly to customers in Colorado, Wyoming and indirectly to the Midwest, Southwest, California and Pacific Northwest. CIG also owns interests in five storage facilities located in Colorado and Kansas and one natural gas processing plant located in Wyoming. WIC is comprised of a mainline system that extends from western Wyoming to northeast Colorado (the Cheyenne Hub) and several lateral pipeline systems that extend from various interconnections along the WIC mainline into western Colorado, northeast Wyoming and eastern Utah. WIC owns interstate natural gas transportation systems providing takeaway capacity from the mature Overthrust, Piceance, Uinta, Powder River and Green River Basins. CPG is a pipeline system that extends from Cheyenne Hub in Weld County, Colorado and extends southerly to a variety of delivery points in the vicinity of the Greensburg Hub in Kiowa County, Kansas. CPG provides pipeline takeaway capacity from the natural gas basins in the Central Rocky Mountain area to the major natural gas markets in the Mid-Continent region. Elba Express owns the Elba Express pipeline that is capable of transporting natural gas supplies in a northerly direction from the Elba Island LNG terminal to markets in the southeastern and eastern U.S. or transporting natural gas in a southerly direction from interconnections with Transcontinental pipeline to markets located on Elba Express or to interconnections between Elba Express and SNG, Carolina Gas Transmission and SLNG. SLNG owns the Elba Island LNG receiving terminal, located near Savannah, Georgia. The Elba Island LNG terminal is one of nine land-based terminal facilities in the U.S. capable of providing domestic storage and vaporization services to international producers of LNG. The Company faces competition from other existing and proposed pipelines and LNG facilities, as well as from a

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