What is Adarsh Plant Protect Earnings Yield (Joel Greenblatt) %?
Adarsh Plant Protect's Enterprise Value for the quarter that ended in Mar. 2024 was ₹307.2 Mil.
Adarsh Plant Protect's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹6.9 Mil. Adarsh Plant Protect's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 2.26%.
The historical rank and industry rank for Adarsh Plant Protect's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:526711'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -23.2 Med: 1.15 Max: 19.03
Current: 2.02
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Adarsh Plant Protect was 19.03%. The lowest was -23.20%. And the median was 1.15%.
BOM:526711's Earnings Yield (Joel Greenblatt) % is ranked worse than 72.12% of 208
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 7.115
vs BOM:526711: 2.02
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) %. Adarsh Plant Protect'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.
Adarsh Plant Protect Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Adarsh Plant Protect'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.
For the Farm & Heavy Construction Machinery subindustry, Adarsh Plant Protect'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.
Adarsh Plant Protect's Earnings Yield (Joel Greenblatt) % Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Adarsh Plant Protect's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Adarsh Plant Protect'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.
Adarsh Plant Protects Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Adarsh Plant Protect'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 ₹6.9 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.
Adarsh Plant Protect Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Adarsh Plant Protect's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Adarsh Plant Protect (BOM:526711) Business Description
Adarsh Plant Protect Ltd is an Indian company which is engaged in manufacturing and selling plant protection and agricultural equipment. It mainly manufactures manual and battery-operated knapsack sprayer pumps, fertilizer dusters and broadcasters, and manual and power operated seed dressing drums. The agricultural equipment produces by the company includes hand-operated agricultural sprayer pumps, foot-operated agricultural sprayer pumps, rocker sprayer pumps, and others under the Adarsh brand. The company also manufactures barrels with MS/GI sheets, HMHDPE composite barrels of GI sheets, and inside epoxy lacquered MS barrels. The operating segments of the company are Agricultural Equipment, Barrel, and Eco Stove.
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