The historical rank and industry rank for Bhatia Communications & Retail (India)'s Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:540956'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.87 Med: 2.94 Max: 8.43
Current: 5.41
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Bhatia Communications & Retail (India) was 8.43%. The lowest was 0.87%. And the median was 2.94%.
BOM:540956's Earnings Yield (Joel Greenblatt) % is ranked better than 62.35% of 2478
companies
in the Hardware industry
Industry Median: 3.265
vs BOM:540956: 5.41
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) %. Bhatia Communications & Retail (India)'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.
* 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.
For the Electronics & Computer Distribution subindustry, Bhatia Communications & Retail (India)'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.
Bhatia Communications & Retail (India)'s Earnings Yield (Joel Greenblatt) % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Bhatia Communications & Retail (India)'s Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bhatia Communications & Retail (India)'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.
Bhatia Communications & Retail (India)'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 ₹155 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.
Thank you for viewing the detailed overview of Bhatia Communications & Retail (India)'s Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bhatia Communications & Retail (India) (BOM:540956) Business Description
Bhatia Communications & Retail (India) Ltd is the distributor of mobile handsets and accessories. The firm is engaged in the retail and wholesale distribution of mobile handsets, tablets, data cards and mobile accessories through retail and franchised stores. The business segment includes: It is a growth-oriented company selling multi-product brands that also operates under stores and sells electronic appliances such as television, refrigerators, air conditioners, coolers, washing machines, and microwaves. Bhatia Communications markets and sells its product under the brands: Apple iPhone, Samsung, OPPO, VIVO, etc. Substantial revenue accrues from owned retail stores. It also offers technical expertise and guide to customers to buy the right product as per their needs.
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