What is CreditAccess Grameen Earnings Yield (Joel Greenblatt) %?
CreditAccess Grameen's Enterprise Value for the quarter that ended in Mar. 2024 was ₹435,301 Mil.
CreditAccess Grameen's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹22,108 Mil. CreditAccess Grameen's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 0.00%.
The historical rank and industry rank for CreditAccess Grameen's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:541770'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.79 Med: 3.67 Max: 10.79
Current: 4.26
During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of CreditAccess Grameen was 10.79%. The lowest was 0.79%. And the median was 3.67%.
BOM:541770's Earnings Yield (Joel Greenblatt) % is ranked better than 71.14% of 537
companies
in the Credit Services industry
Industry Median: 0.78
vs BOM:541770: 4.26
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) %. CreditAccess Grameen'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.
CreditAccess Grameen Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for CreditAccess Grameen'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 CreditAccess Grameen's Earnings Yield (Joel Greenblatt) %
For the Credit Services subindustry, CreditAccess Grameen'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.
CreditAccess Grameen's Earnings Yield (Joel Greenblatt) % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, CreditAccess Grameen's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CreditAccess Grameen'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.
CreditAccess Grameens Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
CreditAccess Grameen'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 ₹22,108 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.
CreditAccess Grameen Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of CreditAccess Grameen's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
CreditAccess Grameen (BOM:541770) Business Description
CreditAccess Grameen Ltd provides financial and non-financial products and services. The company is engaged in providing microfinance services to women who are enrolled as members and organized as Joint Liability Groups. The only operating segment of the company is lending to members. Geographically, it operates only in India. The company's financial product includes income generation loans, home improvement loans, emergency loans, family welfare loans, Gruha Vikas loans, Grameen Swarna loans, Grameen Vikas loans, life insurance, and others.
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