What is Usha Martin Earnings Yield (Joel Greenblatt) %?
Usha Martin's Enterprise Value for the quarter that ended in Mar. 2025 was ₹102,896 Mil.
Usha Martin's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 was ₹5,564 Mil. Usha Martin's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2025 was 5.41%.
The historical rank and industry rank for Usha Martin's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:517146'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.41 Med: 10.14 Max: 58.25
Current: 5.87
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Usha Martin was 58.25%. The lowest was 1.41%. And the median was 10.14%.
BOM:517146's Earnings Yield (Joel Greenblatt) % is ranked better than 50.71% of 637
companies
in the Steel industry
Industry Median: 5.7
vs BOM:517146: 5.87
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) %. Usha Martin's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2025 was 20.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.
Usha Martin Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Usha Martin'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.
Usha Martin Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Usha Martin's Earnings Yield (Joel Greenblatt) %
For the Steel subindustry, Usha Martin'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.
Usha Martin's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Usha Martin's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Usha Martin's Earnings Yield (Joel Greenblatt) % falls into.
Usha Martin 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.
Usha Martins Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2025 is calculated as
Usha Martin's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹5,564 Mil.
Usha Martin (BOM:517146) 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.
Usha Martin Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Usha Martin's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Usha Martin Ltd is engaged in the business of the production of wire rope. The company's operating segment includes Wire and wire ropes and others. It generates maximum revenue from the Wire and wire ropes segment. The wire and wire ropes segment manufactures and sells steel wires, strands, wire ropes, cords, related accessories, and others. Its Others segment includes the manufacturing and selling of wire drawing and allied machines and corporate office. Geographically, it derives a majority of revenue from India and also has its presence outside India.
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