What is Energy-Mission Machineries (India) Earnings Yield (Joel Greenblatt) %?
Energy-Mission Machineries (India)'s Enterprise Value for the quarter that ended in Mar. 2023 was ₹0.0 Mil.
Energy-Mission Machineries (India) does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in Mar. 2023. Therefore, GuruFocus does not calculate Energy-Mission Machineries (India)'s Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for Energy-Mission Machineries (India)'s Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSE:EMMIL's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Industrial Products industry.
Industry Median: 3.86 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Energy-Mission Machineries (India)'s Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2023 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.
Energy-Mission Machineries (India) Earnings Yield (Joel Greenblatt) % Historical Data
* 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 Specialty Industrial Machinery subindustry, Energy-Mission Machineries (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.
Energy-Mission Machineries (India)'s Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Energy-Mission Machineries (India)'s Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Energy-Mission Machineries (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.
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.
Energy-Mission Machineries (India) Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Energy-Mission Machineries (India)'s Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Energy-Mission Machineries (India) Business Description
Energy-Mission Machineries (India) Ltd design and manufacture CNC, NC and conventional metal forming machines which caters to the industrial sector requirement for metal fabrication solutions. Its metal forming machines includes press brake machines, shearing machines, plate rolling machines, iron workers machines, hydraulic presses and busbar bending, cutting & punching machine. The machines are utilized across a wide gamut of industries such as automotive, steel, pre-engineered building, furniture, HVAC, agricultural equipments, road construction equipments, elevators, food processing machinery, metalworking workshops and many others.
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