What is Vindhya Telelinks Earnings Yield (Joel Greenblatt) %?
Vindhya Telelinks's Enterprise Value for the quarter that ended in Mar. 2024 was ₹29,145 Mil.
Vindhya Telelinks's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹4,648 Mil. Vindhya Telelinks's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 15.95%.
The historical rank and industry rank for Vindhya Telelinks's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:517015'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.01 Med: 9.66 Max: 76.88
Current: 15.8
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Vindhya Telelinks was 76.88%. The lowest was 1.01%. And the median was 9.66%.
BOM:517015's Earnings Yield (Joel Greenblatt) % is ranked better than 81.54% of 1701
companies
in the Construction industry
Industry Median: 6.45
vs BOM:517015: 15.80
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) %. Vindhya Telelinks's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 0.32%. 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.
Vindhya Telelinks Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Vindhya Telelinks'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.
Competitive Comparison of Vindhya Telelinks's Earnings Yield (Joel Greenblatt) %
For the Engineering & Construction subindustry, Vindhya Telelinks'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.
Vindhya Telelinks's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Vindhya Telelinks's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Vindhya Telelinks'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.
Vindhya Telelinkss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Vindhya Telelinks'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 ₹4,648 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.
Vindhya Telelinks Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Vindhya Telelinks's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Vindhya Telelinks (BOM:517015) Business Description
Vindhya Telelinks Ltd is engaged in the manufacturing and sale of cables as well as turnkey contracts and services business. The company's operating segment includes Cable and EPC (Engineering, Procurement and Construction). It generates maximum revenue from the EPC segment. EPC segment undertakes and executes contracts or provides infrastructure related services with or without materials. Geographically, it derives a majority of its revenue from India. The company derives revenue from goods and services such as Construction Contracts, Indefeasible Right of Usage (IRU), and Operation and Maintenance Services.
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