What is Hero MotoCorp Earnings Yield (Joel Greenblatt) %?
Hero MotoCorp's Enterprise Value for the quarter that ended in Mar. 2024 was $0.00 Mil.
Hero MotoCorp's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $622.89 Mil. Hero MotoCorp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 5.76%.
The historical rank and industry rank for Hero MotoCorp's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HRTQY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.89 Med: 6.25 Max: 17.18
Current: 5.57
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Hero MotoCorp was 17.18%. The lowest was 1.89%. And the median was 6.25%.
HRTQY's Earnings Yield (Joel Greenblatt) % is ranked worse than 51.26% of 1309
companies
in the Vehicles & Parts industry
Industry Median: 5.75
vs HRTQY: 5.57
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) %. Hero MotoCorp's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 1.11%. 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.
Hero MotoCorp Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Hero MotoCorp'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 Hero MotoCorp's Earnings Yield (Joel Greenblatt) %
For the Auto Manufacturers subindustry, Hero MotoCorp'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.
Hero MotoCorp's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Hero MotoCorp's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hero MotoCorp'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.
Hero MotoCorps Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Hero MotoCorp'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 $622.89 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.
Hero MotoCorp Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Hero MotoCorp's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hero MotoCorp (Hero MotoCorp) Business Description
Hero MotoCorp Ltd is a motorcycle manufacturing company domiciled in India. The company manufactures and distributes motorcycles, scooters, and related spare parts. Sales of motorcycles comprise the largest contribution to consolidated revenue, followed by scooter sales. While Hero MotoCorp derives the vast majority of revenue from domestic operations, the company also has operations in Latin America, South Asia, Africa, and the Middle East. Hero MotoCorp principally manufactures and assembles production domestically. The Company primarily operates in the automotive segment. The automotive segment includes all activities related to development, design, manufacture, assembly and sale of vehicles, as well as sale of related parts and accessories.
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