What is Tribhovandas Bhimji Zaveri Earnings Yield (Joel Greenblatt) %?
Tribhovandas Bhimji Zaveri's Enterprise Value for the quarter that ended in Mar. 2024 was ₹12,583 Mil.
Tribhovandas Bhimji Zaveri's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹1,214 Mil. Tribhovandas Bhimji Zaveri's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 9.63%.
The historical rank and industry rank for Tribhovandas Bhimji Zaveri's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSE:TBZ'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.23 Med: 10.9 Max: 32.55
Current: 9.57
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tribhovandas Bhimji Zaveri was 32.55%. The lowest was 2.23%. And the median was 10.90%.
NSE:TBZ's Earnings Yield (Joel Greenblatt) % is ranked better than 74.71% of 1111
companies
in the Retail - Cyclical industry
Industry Median: 4.91
vs NSE:TBZ: 9.57
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) %. Tribhovandas Bhimji Zaveri's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 30.57%. 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.
Tribhovandas Bhimji Zaveri Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Tribhovandas Bhimji Zaveri'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 Luxury Goods subindustry, Tribhovandas Bhimji Zaveri'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.
Tribhovandas Bhimji Zaveri's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Tribhovandas Bhimji Zaveri's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tribhovandas Bhimji Zaveri'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.
Tribhovandas Bhimji Zaveris Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Tribhovandas Bhimji Zaveri'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 ₹1,214 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.
Tribhovandas Bhimji Zaveri Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Tribhovandas Bhimji Zaveri's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tribhovandas Bhimji Zaveri (NSE:TBZ) Business Description
Tribhovandas Bhimji Zaveri Ltd is an Indian company engaged in manufacturing/trading and selling jewellery. The company offers a range of products, including pendants, earrings, waist belts, watches, necklaces, bracelets, rings, and bangles. Its product portfolio includes plain gold, diamond-studded, semi-precious stone studded, diamond-studded platinum jewellery, jewellery with coloured stones in gold and diamond, loose diamond solitaires, loose precious and semi-precious stones, and jadau jewellery. The company provides jewellery for various occasions including wedding, festival, everyday wear, contemporary, and traditional wear. The company's business activity falls within a single primary business segment of Jewellery and one reportable geographical segment which is within India.
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