What is Abans Financial Services Earnings Yield (Joel Greenblatt) %?
Abans Financial Services's Enterprise Value for the quarter that ended in Dec. 2024 was ₹13,298 Mil.
Abans Financial Services's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was ₹1,651 Mil. Abans Financial Services's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2024 was 12.41%.
The historical rank and industry rank for Abans Financial Services's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:543712'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.93 Med: 7.21 Max: 264.96
Current: 264.96
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Abans Financial Services was 264.96%. The lowest was 1.93%. And the median was 7.21%.
BOM:543712's Earnings Yield (Joel Greenblatt) % is ranked better than 98.71% of 777
companies
in the Capital Markets industry
Industry Median: 3.26
vs BOM:543712: 264.96
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) %. Abans Financial Services's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.
Abans Financial Services Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Abans Financial Services'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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Abans Financial Services Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Abans Financial Services's Earnings Yield (Joel Greenblatt) %
For the Capital Markets subindustry, Abans Financial Services'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.
Abans Financial Services's Earnings Yield (Joel Greenblatt) % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Abans Financial Services's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Abans Financial Services's Earnings Yield (Joel Greenblatt) % falls into.
Abans Financial Services 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.
Abans Financial Servicess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Abans Financial Services's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹1,651 Mil.
Abans Financial Services (BOM:543712) 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.
Abans Financial Services Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Abans Financial Services's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Abans Financial Services Ltd, formerly Abans Holdings Ltd is engaged in providing financial services. The principal activities of the Company include wealth and asset management services including financial asset distribution, broking, lending, credit, investment solutions, asset and portfolio management, treasury operations, and allied activities. The company is also engaged in advisory services like Corporate Finance, Project Finance, Trade Finance, and providing Business & Retail Loans, unsecured and secured against collateral security, investment in government security, and bonds. The operating segments of the company are Agency business, Internal treasury operations, Lending activities, and Others. The majority of its revenue is derived from the Internal treasury operations segment.
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