The historical rank and industry rank for Gujarat State Fertilizers & Chemicals's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSE:GSFC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.26 Med: 15.85 Max: 47.35
Current: 15.78
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Gujarat State Fertilizers & Chemicals was 47.35%. The lowest was 2.26%. And the median was 15.85%.
NSE:GSFC's Earnings Yield (Joel Greenblatt) % is ranked better than 87.5% of 256
companies
in the Agriculture industry
Industry Median: 4.6
vs NSE:GSFC: 15.78
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) %. Gujarat State Fertilizers & Chemicals's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 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.
Gujarat State Fertilizers & Chemicals Earnings Yield (Joel Greenblatt) % Historical Data
* 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 Gujarat State Fertilizers & Chemicals's Earnings Yield (Joel Greenblatt) %
For the Agricultural Inputs subindustry, Gujarat State Fertilizers & Chemicals'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.
Gujarat State Fertilizers & Chemicals's Earnings Yield (Joel Greenblatt) % Distribution in the Agriculture Industry
For the Agriculture industry and Basic Materials sector, Gujarat State Fertilizers & Chemicals's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Gujarat State Fertilizers & Chemicals'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.
Gujarat State Fertilizers & Chemicals's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹9,902 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.
Gujarat State Fertilizers & Chemicals Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Gujarat State Fertilizers & Chemicals's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gujarat State Fertilizers & Chemicals (NSE:GSFC) Business Description
Gujarat State Fertilizers & Chemicals Ltd is a manufacturer of fertilizers and chemicals. It is structured into two operating business segments: Fertilizer Products and Industrial Products. The company operates mainly in the Indian market and there are no reportable geographical segments. It derives the majority of its revenue from the Fertilizer products segment. The products and services covered under its Fertilizer segment include Urea, Ammonium Sulphate, Di-ammonium Phosphate, Ammonium Phosphate Sulphate, and traded fertilizer products. The Industrial Products consist of Caprolactam, Nylon-6, Nylon Filament Yarn, Nylon Chips, Melamine, Methanol, and Polymer products.
Gujarat State Fertilizers & Chemicals (NSE:GSFC) Headlines
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