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Ashoka MetcastNSE:ASHOKAMET +1.04%67 Earnings Yield (Joel Greenblatt) % is 46.51% as of Jun. 2026, which is 338% above its 10-year median of 10.63. GuruFocus rates NSE:ASHOKAMET with a GF Score™ of 67/100 and a GF Value™ of ₹10.84 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 633 Steel companies, Ashoka Metcast ranks better than 86.73% on this metric.
Ashoka Metcast's Enterprise Value for the quarter that ended in Jun. 2026 was ₹371.2 Mil.
Ashoka Metcast's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ₹174.6 Mil. Ashoka Metcast's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 46.51%.
The historical rank and industry rank for Ashoka Metcast's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSE:ASHOKAMET'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.9 Med: 10.63 Max: 50.98
Current: 17.12
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Ashoka Metcast was 50.98%. The lowest was 1.90%. And the median was 10.63%.
NSE:ASHOKAMET's Earnings Yield (Joel Greenblatt) % is ranked better than 86.73% of 633
companies
in the Steel industry
Industry Median: 5.61
vs NSE:ASHOKAMET: 17.12
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) %. Ashoka Metcast's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 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.
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.
Ashoka Metcast Earnings Yield (Joel Greenblatt) % Related Terms
Ashoka Metcast Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Ashoka Metcast'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.
For the Steel subindustry, Ashoka Metcast'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.
Ashoka Metcast Earnings Yield (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Ashoka Metcast's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ashoka Metcast'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.
Ashoka Metcasts Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Ashoka Metcast's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹174.6 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 46.51% mean?
Ashoka Metcast (NSE:ASHOKAMET) has a Earnings Yield (Joel Greenblatt) % of 46.51% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Ashoka Metcast and its competitors. This is 338% above median its historical median of 10.63. Over the past decade, Ashoka Metcast's Earnings Yield (Joel Greenblatt) % has ranged from 1.90 to 50.98. According to the industry distribution chart, Ashoka Metcast ranks #84 out of 633 companies in the Steel industry, placing it in the top 13.3%.
Is Ashoka Metcast's Earnings Yield (Joel Greenblatt) % too high?
Ashoka Metcast's current Earnings Yield (Joel Greenblatt) % of 46.51% is 338% above median its 10-year median of 10.63. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 50.98. The Steel industry median Earnings Yield (Joel Greenblatt) % is 5.61. Ashoka Metcast's value of 46.51% is 729.1% above this industry median. Based on the distribution chart, Ashoka Metcast ranks #84 out of 633 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Ashoka Metcast has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ashoka Metcast's Earnings Yield (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Ashoka Metcast ranks #84 out of 633 companies for Earnings Yield (Joel Greenblatt) %. This places Ashoka Metcast in the top 13% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 5.61. Ashoka Metcast's value of 46.51% is 729.1% above this benchmark. Historically, Ashoka Metcast's own Earnings Yield (Joel Greenblatt) % has ranged from 1.90 to 50.98 over the past decade. While the company's 10-year median is 10.63 vs. the industry median of 5.61, Ashoka Metcast has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Steel company?
The median Earnings Yield (Joel Greenblatt) % among Steel companies is 5.61, based on 633 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ashoka Metcast's current Earnings Yield (Joel Greenblatt) % of 46.51% is 729.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Ashoka Metcast and its competitors. For the Steel industry, the median Earnings Yield (Joel Greenblatt) % is 5.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashoka Metcast's current Earnings Yield (Joel Greenblatt) % is 46.51%, which is 338% above median its own 10-year median of 10.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashoka Metcast stock overvalued right now?
Based on GuruFocus' analysis, Ashoka Metcast (NSE:ASHOKAMET) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹10.84, compared to a current price of ₹13.65 — trading 25.9% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 46.51%, which is 338% above median its 10-year median of 10.63 and 729.1% above the Steel industry median of 5.61. Ashoka Metcast's overall GF Score™ is 67/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Ashoka Metcast (NSE:ASHOKAMET), the current Earnings Yield (Joel Greenblatt) % is 46.51% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ashoka Metcast (NSE:ASHOKAMET) Overvalued in 2026?
Based on GuruFocus' analysis, Ashoka Metcast stock appears to be overvalued.
The current stock price of ₹13.65 is trading 25.9% above its estimated GF Value™ of ₹10.84.
GuruFocus considers Ashoka Metcast to be Modestly Overvalued.
Key valuation signals for NSE:ASHOKAMET:
Earnings Yield (Joel Greenblatt) %: 46.51% (338% above median its 10-year median of 10.63)
GF Value™: ₹10.84 vs. price of ₹13.65 (25.9% above fair value)
Industry Position: 729.1% above the Steel median (#84 of 633)
No single metric tells the full story. See the NSE:ASHOKAMET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.
67GF Score
Get the complete analysis for NSE:ASHOKAMET
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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