What is Rajoo Engineers Earnings Yield (Joel Greenblatt) %?
Rajoo Engineers's Enterprise Value for the quarter that ended in Mar. 2024 was ₹11,588 Mil.
Rajoo Engineers's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹270 Mil. Rajoo Engineers's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 2.34%.
The historical rank and industry rank for Rajoo Engineers's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:522257'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.1 Med: 8.61 Max: 26.49
Current: 1.8
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Rajoo Engineers was 26.49%. The lowest was 1.10%. And the median was 8.61%.
BOM:522257's Earnings Yield (Joel Greenblatt) % is ranked worse than 68.67% of 3039
companies
in the Industrial Products industry
Industry Median: 4.14
vs BOM:522257: 1.80
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) %. Rajoo Engineers's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 19.84%. 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.
Rajoo Engineers Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Rajoo Engineers'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 Rajoo Engineers's Earnings Yield (Joel Greenblatt) %
For the Specialty Industrial Machinery subindustry, Rajoo Engineers'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.
Rajoo Engineers's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Rajoo Engineers's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Rajoo Engineers'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.
Rajoo Engineerss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Rajoo Engineers'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 ₹270 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.
Rajoo Engineers Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Rajoo Engineers's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Rajoo Engineers Ltd manufactures and sells plastic processing machinery and post extrusion equipment. The company's products and solutions include Monolayer Blown Film Lines, Downward Extrusion Blown Film Lines, Multilayer Blown Film Lines, 5 Layer Polyolefin Dedicated, PS/PP/ABS Sheet Lines, PS/PE Foam Extrusion Lines, Thermoforming, PS Foam Vacuum Forming Machines, Twin Screw, Pipe Plant, Drip Irrigation Pipe Plant for Round, Flat Dripper, Lab Equipment and others. Company products apply to flexible packaging, agriculture, infrastructure, automobiles, food and beverages, pharmaceuticals, stationery, printing, etc. It serves the domestic and international markets and derives substantial revenue from the sale of services overseas.
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