Vedant Asset (BOM:543623) EV-to-EBIT : 24.67 (As of May. 21, 2024)

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What is Vedant Asset EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Vedant Asset's Enterprise Value is ₹80.74 Mil. Vedant Asset's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was ₹3.27 Mil. Therefore, Vedant Asset's EV-to-EBIT for today is 24.67.

The historical rank and industry rank for Vedant Asset's EV-to-EBIT or its related term are showing as below:

BOM:543623' s EV-to-EBIT Range Over the Past 10 Years
Min: 21.4 Med: 26.62 Max: 101.02
Current: 24.67

During the past 4 years, the highest EV-to-EBIT of Vedant Asset was 101.02. The lowest was 21.40. And the median was 26.62.

BOM:543623's EV-to-EBIT is ranked worse than
78.25% of 492 companies
in the Asset Management industry
Industry Median: 9.835 vs BOM:543623: 24.67

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Vedant Asset's Enterprise Value for the quarter that ended in Sep. 2023 was ₹82.12 Mil. Vedant Asset's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was ₹3.27 Mil. Vedant Asset's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 3.99%.

Vedant Asset EV-to-EBIT Historical Data

The historical data trend for Vedant Asset's EV-to-EBIT 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.

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Vedant Asset EV-to-EBIT Chart

Vedant Asset Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

EV-to-EBIT

26.79

Vedant Asset Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
EV-to-EBIT	Get a 7-Day Free Trial			-	-	-	26.79	-

Competitive Comparison of Vedant Asset's EV-to-EBIT

For the Asset Management subindustry, Vedant Asset's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Vedant Asset's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Vedant Asset's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Vedant Asset's EV-to-EBIT falls into.

Vedant Asset EV-to-EBIT Calculation

Vedant Asset's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	80.738	/	3.273
	=	24.67

Vedant Asset's current Enterprise Value is ₹80.74 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Vedant Asset's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was ₹3.27 Mil.

Vedant Asset (BOM:543623) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Vedant Asset's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Sep. 2023 )	=	EBIT	/	Enterprise Value (Q: Sep. 2023 )
	=	3.273	/	82.119
	=	3.99 %

Vedant Asset's Enterprise Value for the quarter that ended in Sep. 2023 was ₹82.12 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Vedant Asset's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was ₹3.27 Mil.

Vedant Asset EV-to-EBIT Related Terms

Thank you for viewing the detailed overview of Vedant Asset's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Vedant Asset (BOM:543623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Vedant Asset Ltd (BOM:543623) » Definitions » EV-to-EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 rd Floor, Gayways House, Pee Pee Compound, Ranchi, JH, IND, 834001

Website

https://www.vedantasset.com

Vedant Asset Ltd is engaged in a Financial Investment Super Market for private and rural investors. The core business is to earn revenue from brokerage and commission by managing funds of investors with various mutual fund houses and providing Banking Correspondence Services in association with various banks.

Vedant Asset (BOM:543623) Headlines

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