The historical rank and industry rank for Panyam Cements & Mineral Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:500322'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1002.14 Med: -19.45 Max: 3305.08
Current: -11.22
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Panyam Cements & Mineral Industries was 3305.08%. The lowest was -1002.14%. And the median was -19.45%.
BOM:500322's Earnings Yield (Joel Greenblatt) % is ranked worse than 94.12% of 391
companies
in the Building Materials industry
Industry Median: 5.56
vs BOM:500322: -11.22
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) %. Panyam Cements & Mineral Industries'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.
Panyam Cements & Mineral Industries 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 Panyam Cements & Mineral Industries's Earnings Yield (Joel Greenblatt) %
For the Building Materials subindustry, Panyam Cements & Mineral 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.
Panyam Cements & Mineral Industries's Earnings Yield (Joel Greenblatt) % Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Panyam Cements & Mineral Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Panyam Cements & Mineral 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.
Panyam Cements & Mineral Industries'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 ₹-461.8 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.
Panyam Cements & Mineral Industries Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Panyam Cements & Mineral Industries's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Panyam Cements & Mineral Industries (BOM:500322) Business Description
Panyam Cements & Mineral Industries Ltd is an India-based manufacturer and supplier of cement products. Its product mix includes ordinary portland cement, portland pozzolana cement and portland slag cement sold under the brand names of PANYAM 53 Grade Cement, 43 Grade Cement, PPC Cement, and PSC Cement. Panyam Cements is used in a large scale for the construction of multi-storied buildings, concrete roads and many housing colonies and townships.
Panyam Cements & Mineral Industries (BOM:500322) Headlines
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