What is Eimco Elecon India Earnings Yield (Joel Greenblatt) %?
Eimco Elecon India's Enterprise Value for the quarter that ended in Mar. 2024 was ₹8,632 Mil.
Eimco Elecon India's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹490 Mil. Eimco Elecon India's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 5.68%.
The historical rank and industry rank for Eimco Elecon India's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:523708'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.67 Med: 10.8 Max: 106.13
Current: 4.37
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Eimco Elecon India was 106.13%. The lowest was 2.67%. And the median was 10.80%.
BOM:523708's Earnings Yield (Joel Greenblatt) % is ranked worse than 65.87% of 208
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 7.265
vs BOM:523708: 4.37
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) %. Eimco Elecon India's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 13.02%. 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.
Eimco Elecon India Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Eimco Elecon India'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.
Eimco Elecon India Earnings Yield (Joel Greenblatt) % Chart
For the Farm & Heavy Construction Machinery subindustry, Eimco Elecon India'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.
Eimco Elecon India's Earnings Yield (Joel Greenblatt) % Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Eimco Elecon India's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Eimco Elecon India's Earnings Yield (Joel Greenblatt) % falls into.
Eimco Elecon India 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.
Eimco Elecon Indias Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Eimco Elecon India's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹490 Mil.
Eimco Elecon India (BOM:523708) 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.
Eimco Elecon India Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Eimco Elecon India's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Eimco Elecon India (BOM:523708) Business Description
Eimco Elecon India Ltd is an Indian company engaged in the business of manufacturing and supplying equipment for mining and construction sector. Its products include Air motors, Chair lift man riding system, Coal hauler, Drill machine, Load haul dumper (coal mining), Load haul dumper (metal mining), Low profile dump truck, Rocker shovel loader, Side dump loader, and Wheel loader, among others. The group sells its products in India and also exports them to other countries.
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