What is Reliance Industries Earnings Yield (Joel Greenblatt) %?
Reliance Industries's Enterprise Value for the quarter that ended in Mar. 2024 was €252,459 Mil.
Reliance Industries's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was €14,253 Mil. Reliance Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 5.65%.
The historical rank and industry rank for Reliance Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
WBO:RLI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3 Med: 8.32 Max: 16.78
Current: 6.11
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Reliance Industries was 16.78%. The lowest was 3.00%. And the median was 8.32%.
WBO:RLI's Earnings Yield (Joel Greenblatt) % is ranked worse than 51.88% of 1091
companies
in the Oil & Gas industry
Industry Median: 6.56
vs WBO:RLI: 6.11
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) %. Reliance Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 11.52%. 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.
Reliance Industries Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Reliance Industries'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 Reliance Industries's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas Refining & Marketing subindustry, Reliance Industries'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.
Reliance Industries's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Reliance Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Reliance Industries'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.
Reliance Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Reliance Industries'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 €14,253 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.
Reliance Industries Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Reliance Industries's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Reliance Industries (WBO:RLI) Business Description
Reliance Industries Ltd is engaged in hydrocarbon exploration and production, refining and marketing, petrochemicals, financial services, retail, and communications. The Group has five principal operating and reporting segments: Oil To Chemicals (O2C), Oil and Gas, Retail, Digital Services and Financial Services. Located in west India, Reliance's refineries produce a range of petroleum products that find use as fuel variants, feedstock, and fuel for power and cement plants. Fuels produced in refineries are exported to several countries and can be processed into any grade of gasoline or diesel. The Oil to Chemicals segment that derives the majority revenue includes Refining, Petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel, and bulk wholesale marketing.
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