The historical rank and industry rank for Samvardhana Motherson International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:517334'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.05 Med: 7.84 Max: 19.51
Current: 4.35
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Samvardhana Motherson International was 19.51%. The lowest was 0.05%. And the median was 7.84%.
BOM:517334's Earnings Yield (Joel Greenblatt) % is ranked worse than 58.27% of 1318
companies
in the Vehicles & Parts industry
Industry Median: 6.055
vs BOM:517334: 4.35
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) %. Samvardhana Motherson International's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 6.61%. 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.
Samvardhana Motherson International Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
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Samvardhana Motherson International Earnings Yield (Joel Greenblatt) % Chart
For the Auto Parts subindustry, Samvardhana Motherson International'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.
Samvardhana Motherson International's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Samvardhana Motherson International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Samvardhana Motherson International's Earnings Yield (Joel Greenblatt) % falls into.
Samvardhana Motherson International 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.
Samvardhana Motherson International'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 ₹56,514 Mil.
Samvardhana Motherson International (BOM:517334) 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.
Samvardhana Motherson International Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Samvardhana Motherson International's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Samvardhana Motherson International (BOM:517334) Business Description
Samvardhana Motherson International Ltd is a manufacturer of automotive wiring harnesses and plastic components and modules. The products include wiring harnesses, mirrors for passenger cars, injection molded products, modules including dashboards, door trims, bumpers, blow moulded components, liquid silicone rubber molded components, injection molding tools, extruded rubber products, precision machined metal components, and waste recycling systems. The Company has Four reportable segments such as Wiring Harness, Modules and polymer products, Vision systems and Emerging businesses. The Company makes majority of the revenue from Modules and polymer products segment which is engaged in manufacturing and supplies of plastic parts and system modules for vehicle interiors and exteriors.
Samvardhana Motherson International (BOM:517334) Headlines
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