What is Prime Securities Earnings Yield (Joel Greenblatt) %?
Prime Securities's Enterprise Value for the quarter that ended in Mar. 2024 was ₹5,658.7 Mil.
Prime Securities's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹235.3 Mil. Prime Securities's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 4.16%.
The historical rank and industry rank for Prime Securities's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:500337'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -301.98 Med: 5.59 Max: 99.01
Current: 4.13
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Prime Securities was 99.01%. The lowest was -301.98%. And the median was 5.59%.
BOM:500337's Earnings Yield (Joel Greenblatt) % is ranked better than 55.87% of 784
companies
in the Capital Markets industry
Industry Median: 2.695
vs BOM:500337: 4.13
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) %. Prime Securities's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 5.94%. 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.
Prime Securities Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Prime Securities'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.
Prime Securities Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Prime Securities's Earnings Yield (Joel Greenblatt) %
For the Capital Markets subindustry, Prime Securities'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.
Prime Securities's Earnings Yield (Joel Greenblatt) % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Prime Securities's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Prime Securities's Earnings Yield (Joel Greenblatt) % falls into.
Prime Securities 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.
Prime Securitiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Prime Securities'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 ₹235.3 Mil.
Prime Securities (BOM:500337) 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.
Prime Securities Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Prime Securities's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Prime Securities (BOM:500337) Business Description
Prime Securities Ltd is engaged in the provision of investment banking and corporate advisory services. The business activity of the group is operated through - Financial Advisory & Intermediation services and Brokerage from Mutual Fund distribution. The company is in providing value-added advice and services to clients on complex strategic and financial decisions and transactions focused on fundraising, mergers and acquisitions, equity and debt private placements, initial public offerings, corporate advisory, and capital restructuring. The company's business segment is providing merchant banking and advisory services. Geographically, all the activities function throughout the region of India.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BOM:500337 has been successfully added to your 