What is Gilada Finance & Investments Earnings Yield (Joel Greenblatt) %?
Gilada Finance & Investments's Enterprise Value for the quarter that ended in Dec. 2023 was ₹164.09 Mil.
Gilada Finance & Investments's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was ₹9.25 Mil. Gilada Finance & Investments's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 5.64%.
The historical rank and industry rank for Gilada Finance & Investments's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:538788'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.75 Med: 16.31 Max: 52.9
Current: 3.74
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of Gilada Finance & Investments was 52.90%. The lowest was 1.75%. And the median was 16.31%.
BOM:538788's Earnings Yield (Joel Greenblatt) % is ranked better than 68.72% of 537
companies
in the Credit Services industry
Industry Median: 0.72
vs BOM:538788: 3.74
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) %. Gilada Finance & Investments'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.
The historical data trend for Gilada Finance & Investments'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.
For the Credit Services subindustry, Gilada Finance & Investments'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.
Gilada Finance & Investments's Earnings Yield (Joel Greenblatt) % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Gilada Finance & Investments's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Gilada Finance & Investments's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Gilada Finance & Investmentss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
Gilada Finance & Investments'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 ₹9.25 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.
Thank you for viewing the detailed overview of Gilada Finance & Investments's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gilada Finance & Investments (BOM:538788) Business Description
Gilada Finance & Investments Ltd is an India based company. The business operates in one segment which is Vehicle small business loans and mortgage loans. The service line of the company consists of hire purchase, leasing, mortgage loans, short-term finance, and loan syndication. The company receives maximum revenue from finance charges on hypothecated loans. Geographically, the company offers its services only in India.
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