NSE:IREDA'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.93 Med: 4.94 Max: 11.58
Current: 3.46
During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of Indian Renewable Energy Development Agency was 11.58%. The lowest was 2.93%. And the median was 4.94%.
NSE:IREDA's Earnings Yield (Joel Greenblatt) % is ranked better than 68.53% of 537
companies
in the Credit Services industry
Industry Median: 0.6
vs NSE:IREDA: 3.46
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) %. Indian Renewable Energy Development Agency's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven 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.
Indian Renewable Energy Development Agency 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.
* Premium members only.
Indian Renewable Energy Development Agency Earnings Yield (Joel Greenblatt) % Chart
Indian Renewable Energy Development Agency Annual Data
Trend
Mar21
Mar22
Mar23
Mar24
Earnings Yield (Joel Greenblatt) %
-
-
-
3.26
Indian Renewable Energy Development Agency Quarterly Data
Competitive Comparison of Indian Renewable Energy Development Agency's Earnings Yield (Joel Greenblatt) %
For the Credit Services subindustry, Indian Renewable Energy Development Agency'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.
Indian Renewable Energy Development Agency's Earnings Yield (Joel Greenblatt) % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Indian Renewable Energy Development Agency's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Indian Renewable Energy Development Agency's Earnings Yield (Joel Greenblatt) % falls into.
Indian Renewable Energy Development Agency 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.
Indian Renewable Energy Development Agency's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹34,884 Mil.
Indian Renewable Energy Development Agency (NSE:IREDA) 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.
Indian Renewable Energy Development Agency Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Indian Renewable Energy Development Agency's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Indian Renewable Energy Development Agency (NSE:IREDA) Business Description
Indian Renewable Energy Development Agency Ltd is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy. It is a financial institution with over 36 years of experience in the business of promoting, developing and extending financial assistance for new and renewable energy (RE) projects, and energy efficiency and conservation (EEC) projects. It provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for RE projects and other value chain activities, such as equipment manufacturing and transmission.
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