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Emerald Tyre ManufacturersNSE:ETML -3.54%38 Earnings Yield (Joel Greenblatt) % is 9.28% as of Mar. 2026, which is 14% above its 10-year median of 8.13. GuruFocus rates NSE:ETML with a GF Score™ of 38/100. The stock has 3 warning signs investors should review. Among 1,336 Vehicles & Parts companies, Emerald Tyre Manufacturers ranks better than 64.45% on this metric.
Emerald Tyre Manufacturers's Enterprise Value for the quarter that ended in Mar. 2026 was ₹2,742 Mil.
Emerald Tyre Manufacturers's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₹254 Mil. Emerald Tyre Manufacturers's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 9.28%.
The historical rank and industry rank for Emerald Tyre Manufacturers's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSE:ETML'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.88 Med: 8.13 Max: 9.74
Current: 8.98
During the past 6 years, the highest Earnings Yield (Joel Greenblatt) of Emerald Tyre Manufacturers was 9.74%. The lowest was 4.88%. And the median was 8.13%.
NSE:ETML's Earnings Yield (Joel Greenblatt) % is ranked better than 64.45% of 1336
companies
in the Vehicles & Parts industry
Industry Median: 5.725
vs NSE:ETML: 8.98
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) %. Emerald Tyre Manufacturers's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 11.27%. 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.
Emerald Tyre Manufacturers (NSE:ETML) 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.
Emerald Tyre Manufacturers Earnings Yield (Joel Greenblatt) % Related Terms
Emerald Tyre Manufacturers Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Emerald Tyre Manufacturers'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.
Emerald Tyre Manufacturers Earnings Yield (Joel Greenblatt) % Chart
For the Auto Parts subindustry, Emerald Tyre Manufacturers'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.
Emerald Tyre Manufacturers Earnings Yield (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Emerald Tyre Manufacturers's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Emerald Tyre Manufacturers's Earnings Yield (Joel Greenblatt) % falls into.
Emerald Tyre Manufacturers 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.
Emerald Tyre Manufacturerss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 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.
What does a Earnings Yield (Joel Greenblatt) % of 9.28% mean?
Emerald Tyre Manufacturers (NSE:ETML) has a Earnings Yield (Joel Greenblatt) % of 9.28% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Emerald Tyre Manufacturers and its competitors. This is 14% above median its historical median of 8.13. Over the past decade, Emerald Tyre Manufacturers' Earnings Yield (Joel Greenblatt) % has ranged from 4.88 to 9.74. According to the industry distribution chart, Emerald Tyre Manufacturers ranks #475 out of 1336 companies in the Vehicles & Parts industry, placing it in the top 35.6%.
Is Emerald Tyre Manufacturers' Earnings Yield (Joel Greenblatt) % too high?
Emerald Tyre Manufacturers' current Earnings Yield (Joel Greenblatt) % of 9.28% is 14% above median its 10-year median of 8.13. Over the past 10 years, this metric has ranged from a low of 4.88 to a high of 9.74. The Vehicles & Parts industry median Earnings Yield (Joel Greenblatt) % is 5.73. Emerald Tyre Manufacturers' value of 9.28% is 62.1% above this industry median. Based on the distribution chart, Emerald Tyre Manufacturers ranks #475 out of 1336 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Emerald Tyre Manufacturers has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Emerald Tyre Manufacturers' Earnings Yield (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Emerald Tyre Manufacturers ranks #475 out of 1336 companies for Earnings Yield (Joel Greenblatt) %. This puts Emerald Tyre Manufacturers in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.73. Emerald Tyre Manufacturers' value of 9.28% is 62.1% above this benchmark. Historically, Emerald Tyre Manufacturers' own Earnings Yield (Joel Greenblatt) % has ranged from 4.88 to 9.74 over the past decade. While the company's 10-year median is 8.13 vs. the industry median of 5.73, Emerald Tyre Manufacturers 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 Vehicles & Parts company?
The median Earnings Yield (Joel Greenblatt) % among Vehicles & Parts companies is 5.73, based on 1,336 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. Emerald Tyre Manufacturers's current Earnings Yield (Joel Greenblatt) % of 9.28% is 62.1% 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 Emerald Tyre Manufacturers and its competitors. For the Vehicles & Parts industry, the median Earnings Yield (Joel Greenblatt) % is 5.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emerald Tyre Manufacturers's current Earnings Yield (Joel Greenblatt) % is 9.28%, which is 14% above median its own 10-year median of 8.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emerald Tyre Manufacturers stock overvalued right now?
Emerald Tyre Manufacturers (NSE:ETML) has a current Earnings Yield (Joel Greenblatt) % of 9.28%. The current Earnings Yield (Joel Greenblatt) % is 9.28%, which is 14% above median its 10-year median of 8.13 and 62.1% above the Vehicles & Parts industry median of 5.73. Emerald Tyre Manufacturers' overall GF Score™ is 38/100 with 3 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 Emerald Tyre Manufacturers (NSE:ETML), the current Earnings Yield (Joel Greenblatt) % is 9.28% as of Mar. 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.
Emerald Tyre Manufacturers Ltd is engaged in the Business of Manufacturing, Supplying and Services for a comprehensive range of tyres for material handling applications, like forklifts, skid loaders, ground support equipment of Airports, Port trailers, agri implements, lawn and garden mowers, mining equipment, aerial work platform trucks, backhoe loaders, etc.
38GF Score
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