What is Arihant Capital Markets Earnings Yield (Joel Greenblatt) %?
Arihant Capital Markets's Enterprise Value for the quarter that ended in Dec. 2023 was ₹7,225 Mil.
Arihant Capital Markets's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was ₹738 Mil. Arihant Capital Markets's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 10.21%.
The historical rank and industry rank for Arihant Capital Markets's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:511605'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -890 Med: 19.88 Max: 695.27
Current: 17.11
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Arihant Capital Markets was 695.27%. The lowest was -890.00%. And the median was 19.88%.
BOM:511605's Earnings Yield (Joel Greenblatt) % is ranked better than 83.57% of 785
companies
in the Capital Markets industry
Industry Median: 2.65
vs BOM:511605: 17.11
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) %. Arihant Capital Markets'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.
Arihant Capital Markets Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Arihant Capital Markets'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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Arihant Capital Markets Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Arihant Capital Markets's Earnings Yield (Joel Greenblatt) %
For the Capital Markets subindustry, Arihant Capital Markets'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.
Arihant Capital Markets's Earnings Yield (Joel Greenblatt) % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Arihant Capital Markets's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Arihant Capital Markets's Earnings Yield (Joel Greenblatt) % falls into.
Arihant Capital Markets 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.
Arihant Capital Marketss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
Arihant Capital Markets'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 ₹738 Mil.
Arihant Capital Markets (BOM:511605) 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.
Arihant Capital Markets Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Arihant Capital Markets's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Arihant Capital Markets (BOM:511605) Business Description
Arihant Capital Markets Ltd is a holding company, which is engaged in the provision of financial services. The company provides products and services including equities, commodities, currency, financial planning, depository services, priority client group services (PCG), merchant banking, and investment banking services to a substantial and diversified clientele that includes individuals, corporations, and financial institutions. It also offers online and mobile trading, algorithmic trading, depository, and real estate services, as well as provides stock lending and borrowing, investment and trading Webinars, insurance, and RGESS services. Geographically, all the operations functioned through the region of India.
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