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Paras Defence And Space TechnologiesNSE:PARAS -0.16%76 Earnings Yield (Joel Greenblatt) % is 1.26% as of Jun. 2026, which is 29% below its 10-year median of 1.78. GuruFocus rates NSE:PARAS with a GF Score™ of 76/100 and a GF Value™ of ₹904.15 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 360 Aerospace & Defense companies, Paras Defence And Space Technologies ranks worse than 62.5% on this metric.
The historical rank and industry rank for Paras Defence And Space Technologies's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSE:PARAS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.79 Med: 1.78 Max: 3.01
Current: 1.09
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Paras Defence And Space Technologies was 3.01%. The lowest was 0.79%. And the median was 1.78%.
NSE:PARAS's Earnings Yield (Joel Greenblatt) % is ranked worse than 62.5% of 360
companies
in the Aerospace & Defense industry
Industry Median: 2.285
vs NSE:PARAS: 1.09
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) %. Paras Defence And Space Technologies's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 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.
Paras Defence And Space Technologies (NSE:PARAS) 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.
* 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.
Paras Defence And Space Technologies Earnings Yield (Joel Greenblatt) % Chart
For the Aerospace & Defense subindustry, Paras Defence And Space Technologies'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.
Paras Defence And Space Technologies Earnings Yield (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Paras Defence And Space Technologies's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Paras Defence And Space Technologies's Earnings Yield (Joel Greenblatt) % falls into.
Paras Defence And Space Technologies 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.
Paras Defence And Space Technologies's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹1,314 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 1.26% mean?
Paras Defence And Space Technologies (NSE:PARAS) has a Earnings Yield (Joel Greenblatt) % of 1.26% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Paras Defence And Space Technologies and its competitors. This is 29% below median its historical median of 1.78. Over the past decade, Paras Defence And Space Technologies' Earnings Yield (Joel Greenblatt) % has ranged from 0.79 to 3.01. According to the industry distribution chart, Paras Defence And Space Technologies ranks #225 out of 360 companies in the Aerospace & Defense industry, placing it in the top 62.5%.
Is Paras Defence And Space Technologies' Earnings Yield (Joel Greenblatt) % too high?
Paras Defence And Space Technologies' current Earnings Yield (Joel Greenblatt) % of 1.26% is 29% below median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 3.01. The Aerospace & Defense industry median Earnings Yield (Joel Greenblatt) % is 2.29. Paras Defence And Space Technologies' value of 1.26% is 44.9% below this industry median. Based on the distribution chart, Paras Defence And Space Technologies ranks #225 out of 360 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Paras Defence And Space Technologies has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Paras Defence And Space Technologies' Earnings Yield (Joel Greenblatt) % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Paras Defence And Space Technologies ranks #225 out of 360 companies for Earnings Yield (Joel Greenblatt) %. This places Paras Defence And Space Technologies in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.29. Paras Defence And Space Technologies' value of 1.26% is 44.9% below this benchmark. Historically, Paras Defence And Space Technologies' own Earnings Yield (Joel Greenblatt) % has ranged from 0.79 to 3.01 over the past decade. While the company's 10-year median is 1.78 vs. the industry median of 2.29, Paras Defence And Space Technologies has consistently been below 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 an Aerospace & Defense company?
The median Earnings Yield (Joel Greenblatt) % among Aerospace & Defense companies is 2.29, based on 360 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. Paras Defence And Space Technologies's current Earnings Yield (Joel Greenblatt) % of 1.26% is 44.9% below 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 Paras Defence And Space Technologies and its competitors. For the Aerospace & Defense industry, the median Earnings Yield (Joel Greenblatt) % is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paras Defence And Space Technologies's current Earnings Yield (Joel Greenblatt) % is 1.26%, which is 29% below median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paras Defence And Space Technologies stock overvalued right now?
Based on GuruFocus' analysis, Paras Defence And Space Technologies (NSE:PARAS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹904.15, compared to a current price of ₹1,499.60 — trading 65.9% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 1.26%, which is 29% below median its 10-year median of 1.78 and 44.9% below the Aerospace & Defense industry median of 2.29. Paras Defence And Space Technologies' overall GF Score™ is 76/100 with 7 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 Paras Defence And Space Technologies (NSE:PARAS), the current Earnings Yield (Joel Greenblatt) % is 1.26% as of Jun. 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.
Is Paras Defence And Space Technologies (NSE:PARAS) Overvalued in 2026?
Based on GuruFocus' analysis, Paras Defence And Space Technologies stock appears to be overvalued.
The current stock price of ₹1,499.60 is trading 65.9% above its estimated GF Value™ of ₹904.15.
GuruFocus considers Paras Defence And Space Technologies to be Significantly Overvalued.
Key valuation signals for NSE:PARAS:
Earnings Yield (Joel Greenblatt) %: 1.26% (29% below median its 10-year median of 1.78)
GF Value™: ₹904.15 vs. price of ₹1,499.60 (65.9% above fair value)
Industry Position: 44.9% below the Aerospace & Defense median (#225 of 360)
No single metric tells the full story. See the NSE:PARAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Paras Defence And Space Technologies Ltd is engaged in the designing, developing, manufacturing, and testing of various defense and space engineering products and solutions. The company's product portfolio includes lens barrels, rugged networking and communication equipment, multifold lenses, metal mirrors, submarine winches, and mill grade control systems among others. Its operating segments are; Optics & Optronic Systems; and Defence Engineering. The maximum revenue for the company is derived from its Optics and Optronic Systems segment. Geographically, the firm generates a majority of its revenue from its customers within India and the rest from outside India through exports.
76GF Score
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