GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Janus Corp Ltd (BOM:542924) » Definitions » Earnings Yield (Joel Greenblatt) %

Janus (BOM:542924) Earnings Yield (Joel Greenblatt) % : 6.30% (As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Janus Earnings Yield (Joel Greenblatt) %?

Janus's Enterprise Value for the quarter that ended in Mar. 2024 was ₹82.5 Mil. Janus's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹5.2 Mil. Janus's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 6.30%.

The historical rank and industry rank for Janus's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

BOM:542924' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.29   Med: 4.69   Max: 11.78
Current: 5.9

During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Janus was 11.78%. The lowest was 0.29%. And the median was 4.69%.

BOM:542924's Earnings Yield (Joel Greenblatt) % is ranked better than
50.63% of 395 companies
in the Building Materials industry
Industry Median: 5.76 vs BOM:542924: 5.90

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) %. Janus's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was -30.92%. 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.


Janus Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Janus'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.

Janus Earnings Yield (Joel Greenblatt) % Chart

Janus Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial 3.62 0.29 5.75 10.41 6.30

Janus Semi-Annual Data
Mar17 Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.75 - 10.41 - 6.30

Competitive Comparison of Janus's Earnings Yield (Joel Greenblatt) %

For the Building Materials subindustry, Janus'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.


Janus's Earnings Yield (Joel Greenblatt) % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Janus's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Janus's Earnings Yield (Joel Greenblatt) % falls into.



Janus 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.

Januss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=5.195/82.52049
=6.30 %

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.



Janus  (BOM:542924) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Janus Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Janus's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Janus (BOM:542924) Business Description

Traded in Other Exchanges
N/A
Address
M Sunderji Road, B-704, Prakriti Apartments, K K W Mill Compound, Thane (West), Thane, MH, IND, 400053
Janus Corp Ltd is engaged in the provision of civil construction, land and site development, landfilling, fencing walls, erection of hoardings, and in the trading of various construction related materials such as cement, iron & steel, sand, soil, aluminum. It is also engaged in Media and Consulting, hospitality support services, and trading of agro products.

Janus (BOM:542924) Headlines

No Headlines