What is Navneet Education Earnings Yield (Joel Greenblatt) %?
Navneet Education's Enterprise Value for the quarter that ended in Mar. 2024 was ₹33,389 Mil.
Navneet Education's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹2,550 Mil. Navneet Education's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 9.29%.
The historical rank and industry rank for Navneet Education's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSE:NAVNETEDUL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.49 Med: 8.72 Max: 21.79
Current: 7.12
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Navneet Education was 21.79%. The lowest was 2.49%. And the median was 8.72%.
NSE:NAVNETEDUL's Earnings Yield (Joel Greenblatt) % is ranked better than 67.37% of 1045
companies
in the Media - Diversified industry
Industry Median: 2.95
vs NSE:NAVNETEDUL: 7.12
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) %. Navneet Education's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 8.55%. 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.
Navneet Education Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Navneet Education'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.
Competitive Comparison of Navneet Education's Earnings Yield (Joel Greenblatt) %
For the Publishing subindustry, Navneet Education'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.
Navneet Education's Earnings Yield (Joel Greenblatt) % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Navneet Education's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Navneet Education'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.
Navneet Educations Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Navneet Education'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 ₹2,550 Mil.
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.
Navneet Education Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Navneet Education's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Navneet Education (NSE:NAVNETEDUL) Business Description
Navneet Education Ltd is engaged in the publication of knowledge-based information in educational and general books form as well as in electronic media and manufacturing of paper and other stationery items. The company provides educational syllabus-based content in print & digital mediums, manufactures scholastic paper stationery, publishes general and children's books and also Scholastic Non-Paper Stationary products including various titles in the Children and General books category, which are not based on the syllabus. It markets its products under the brand name Navneet, Vikas, Gala, Grafalco, FfUuNn and Boss. The company manages its business in segments namely Publication, Stationery and Others. It has a business presence in India and other countries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NSE:NAVNETEDUL has been successfully added to your 