What is Benara Bearings and Pistons Earnings Yield (Joel Greenblatt) %?
Benara Bearings and Pistons's Enterprise Value for the quarter that ended in Mar. 2024 was ₹898.6 Mil.
Benara Bearings and Pistons's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-33.0 Mil. Benara Bearings and Pistons's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was -3.67%.
The historical rank and industry rank for Benara Bearings and Pistons's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:541178'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.9 Med: -3.73 Max: 27.9
Current: -3.54
During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Benara Bearings and Pistons was 27.90%. The lowest was -19.90%. And the median was -3.73%.
BOM:541178's Earnings Yield (Joel Greenblatt) % is ranked worse than 86.26% of 1317
companies
in the Vehicles & Parts industry
Industry Median: 6.06
vs BOM:541178: -3.54
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) %. Benara Bearings and Pistons's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 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.
Benara Bearings and Pistons Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Benara Bearings and Pistons'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.
Benara Bearings and Pistons Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Benara Bearings and Pistons's Earnings Yield (Joel Greenblatt) %
For the Auto Parts subindustry, Benara Bearings and Pistons'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.
Benara Bearings and Pistons's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Benara Bearings and Pistons's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Benara Bearings and Pistons's Earnings Yield (Joel Greenblatt) % falls into.
Benara Bearings and Pistons 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.
Benara Bearings and Pistonss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
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.
Benara Bearings and Pistons Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Benara Bearings and Pistons's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Benara Bearings and Pistons (BOM:541178) Business Description
Benara Bearings and Pistons Ltd is engaged in the manufacturing of bearings, bushes, pistons, piston pins, piston rings, cylinder liners sleeves, and engine valves. It is also engaged in the marketing of products like ball bearings, spark plugs, rocker arms, timing chains, connecting rods, valve guides, and valve seals and batteries. The majority of revenue is generated from the automobile segment.
Benara Bearings and Pistons (BOM:541178) Headlines
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