What is Cella Space Earnings Yield (Joel Greenblatt) %?
Cella Space's Enterprise Value for the quarter that ended in Dec. 2023 was ₹191.44 Mil.
Cella Space's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was ₹50.97 Mil. Cella Space's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 26.60%.
The historical rank and industry rank for Cella Space's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:532701'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -47.37 Med: 7.17 Max: 38.73
Current: 6.12
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Cella Space was 38.73%. The lowest was -47.37%. And the median was 7.17%.
BOM:532701's Earnings Yield (Joel Greenblatt) % is ranked better than 52.84% of 1111
companies
in the Business Services industry
Industry Median: 5.63
vs BOM:532701: 6.12
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) %. Cella Space's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 0.00%. 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.
Cella Space Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Cella Space'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.
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Cella Space Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Cella Space's Earnings Yield (Joel Greenblatt) %
For the Specialty Business Services subindustry, Cella Space'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.
Cella Space's Earnings Yield (Joel Greenblatt) % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Cella Space's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cella Space's Earnings Yield (Joel Greenblatt) % falls into.
Cella Space 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.
Cella Spaces Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
Cella Space's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹50.97 Mil.
Cella Space (BOM:532701) 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.
Cella Space Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Cella Space's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Cella Space Ltd is engaged in dealing in the business of logistics, Industrial Parks, Logistics Parks. It converted its factory building at Edayar, Kochi into a warehouse that has been let out to commercial parties. The company has earned lease rent from the properties rented out as a part of logistics operations. The company has also generated turnover from the trading of Kraft paper.
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