Frog Innovations (NSE:FROG) Earnings Yield (Joel Greenblatt) %: 7.11% (As of Sep. 2025) — 14% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:FROG Frog Innovations Ltd NSE:FROG
81 GF Score
Price ₹224.45
GF Value ₹353.36
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Frog Innovations Earnings Yield (Joel Greenblatt) %?

Frog Innovations NSE:FROG +2.00% 81 Earnings Yield (Joel Greenblatt) % is 7.11% as of Sep. 2025, which is 14% below its 10-year median of 8.28. GuruFocus rates NSE:FROG with a GF Score™ of 81/100 and a GF Value™ of ₹353.36 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,499 Hardware companies, Frog Innovations ranks better than 73.99% on this metric.

Frog Innovations's Enterprise Value for the quarter that ended in Sep. 2025 was ₹3,796 Mil. Frog Innovations's EBIT for the trailing twelve months (TTM) ended in Sep. 2025 was ₹280 Mil. Frog Innovations's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2025 was 7.11%.

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

NSE:FROG' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.1   Med: 8.28   Max: 16.23
Current: 7.85

During the past 6 years, the highest Earnings Yield (Joel Greenblatt) of Frog Innovations was 16.23%. The lowest was 3.10%. And the median was 8.28%.

NSE:FROG's Earnings Yield (Joel Greenblatt) % is ranked better than
73.99% of 2499 companies
in the Hardware industry
Industry Median: 2.78 vs NSE:FROG: 7.85

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) %. Frog Innovations's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2025 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.


Frog Innovations  (NSE:FROG) 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.


Frog Innovations Earnings Yield (Joel Greenblatt) % Related Terms


Frog Innovations Earnings Yield (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Frog Innovations'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.

Frog Innovations Earnings Yield (Joel Greenblatt) % Chart

Frog Innovations Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial 0.00 0.00 10.62 7.96 9.65

Frog Innovations Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.14 7.96 4.32 9.65 7.11

NSE:FROG vs CSCO, MSI, HPE: Earnings Yield (Joel Greenblatt) % Comparison

For the Communication Equipment subindustry, Frog Innovations'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.


Frog Innovations Earnings Yield (Joel Greenblatt) % vs Hardware Industry

For the Hardware industry and Technology sector, Frog Innovations's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

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


NSE:FROG
81GF Score
Frog Innovations Ltd NSE:FROG
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Frog Innovations 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.

Frog Innovationss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2025 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=338.68/3508.6505
=9.65 %

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 7.11% mean?
Frog Innovations (NSE:FROG) has a Earnings Yield (Joel Greenblatt) % of 7.11% as of Sep. 2025. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Frog Innovations and its competitors. This is 14% below median its historical median of 8.28. Over the past decade, Frog Innovations' Earnings Yield (Joel Greenblatt) % has ranged from 3.10 to 16.23. According to the industry distribution chart, Frog Innovations ranks #650 out of 2499 companies in the Hardware industry, placing it in the top 26%.
Is Frog Innovations' Earnings Yield (Joel Greenblatt) % too high?
Frog Innovations' current Earnings Yield (Joel Greenblatt) % of 7.11% is 14% below median its 10-year median of 8.28. Over the past 10 years, this metric has ranged from a low of 3.10 to a high of 16.23. The Hardware industry median Earnings Yield (Joel Greenblatt) % is 2.78. Frog Innovations' value of 7.11% is 155.8% above this industry median. Based on the distribution chart, Frog Innovations ranks #650 out of 2499 companies in the Hardware industry, which is above the industry midpoint. Overall, Frog Innovations has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Frog Innovations' Earnings Yield (Joel Greenblatt) % compare to CSCO and MSI?
According to the Hardware industry distribution chart, Frog Innovations ranks #650 out of 2499 companies for Earnings Yield (Joel Greenblatt) %. This puts Frog Innovations in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.78. Frog Innovations' value of 7.11% is 155.8% above this benchmark. Historically, Frog Innovations' own Earnings Yield (Joel Greenblatt) % has ranged from 3.10 to 16.23 over the past decade. While the company's 10-year median is 8.28 vs. the industry median of 2.78, Frog Innovations 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 Hardware company?
The median Earnings Yield (Joel Greenblatt) % among Hardware companies is 2.78, based on 2,499 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. Frog Innovations's current Earnings Yield (Joel Greenblatt) % of 7.11% is 155.8% 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 Frog Innovations and its competitors. For the Hardware industry, the median Earnings Yield (Joel Greenblatt) % is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frog Innovations's current Earnings Yield (Joel Greenblatt) % is 7.11%, which is 14% below median its own 10-year median of 8.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frog Innovations stock overvalued right now?
Based on GuruFocus' analysis, Frog Innovations (NSE:FROG) is currently considered Possible Value Trap. The stock's GF Value™ is ₹353.36, compared to a current price of ₹224.45 — trading 36.5% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 7.11%, which is 14% below median its 10-year median of 8.28 and 155.8% above the Hardware industry median of 2.78. Frog Innovations' overall GF Score™ is 81/100 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 Frog Innovations (NSE:FROG), the current Earnings Yield (Joel Greenblatt) % is 7.11% as of Sep. 2025. 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 Frog Innovations (NSE:FROG) Overvalued in 2026?

Based on GuruFocus' analysis, Frog Innovations stock appears to be undervalued. The current stock price of ₹224.45 is trading 36.5% below its estimated GF Value™ of ₹353.36. GuruFocus considers Frog Innovations to be Possible Value Trap.

Key valuation signals for NSE:FROG:

  • Earnings Yield (Joel Greenblatt) %: 7.11% (14% below median its 10-year median of 8.28)
  • GF Value™: ₹353.36 vs. price of ₹224.45 (36.5% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 155.8% above the Hardware median (#650 of 2499)

No single metric tells the full story. See the NSE:FROG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Frog Innovations Business Description

Address C-23, Sector 80, 2nd Floor, Phase 2, Noida, UP, IND, 201305
Frog Innovations Ltd is a company engaged in manufacturing telecom equipment used by telecom operators, especially in Telecom Towers. The company manufactures 2G/3G/4G/5G Multi-band Digital RF Repeaters, Multi-band Frequency Shift Repeaters, Multi-band Optical DAS systems, relative software, and accessories. The company also offers In-Building Coverage Planning and Design services along with Radio Access Network (RAN) and Backhaul Network installation services. The company collectively operates only in one business segment manufacturing and installation of in-building coverage solutions and mobile network accessories for mobile service providers and operators. It provides its products and services across Asia, Europe, Africa, and the Middle East.
81GF Score

Get the complete analysis for NSE:FROG

Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹224.45
Price
₹353.36
GF Value