What is 360 One Wam Earnings Yield (Joel Greenblatt) %?
360 One Wam's Enterprise Value for the quarter that ended in Mar. 2024 was ₹329,344 Mil.
360 One Wam's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹16,313 Mil. 360 One Wam's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 5.02%.
The historical rank and industry rank for 360 One Wam's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:542772'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.08 Med: 6.87 Max: 10.81
Current: 4.42
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of 360 One Wam was 10.81%. The lowest was 4.08%. And the median was 6.87%.
BOM:542772's Earnings Yield (Joel Greenblatt) % is ranked better than 80.95% of 1706
companies
in the Asset Management industry
Industry Median: 0
vs BOM:542772: 4.42
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) %. 360 One Wam's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 13.68%. 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.
360 One Wam Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for 360 One Wam'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.
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360 One Wam Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of 360 One Wam's Earnings Yield (Joel Greenblatt) %
For the Asset Management subindustry, 360 One Wam'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.
360 One Wam's Earnings Yield (Joel Greenblatt) % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, 360 One Wam's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where 360 One Wam's Earnings Yield (Joel Greenblatt) % falls into.
360 One Wam Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
360 One Wams Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
360 One Wam'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 ₹16,313 Mil.
360 One Wam (BOM:542772) Earnings Yield (Joel Greenblatt) % Explanation
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.
360 One Wam Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of 360 One Wam's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
360 One Wam Ltd formerly IIFL Wealth Management Ltd is a private wealth management firm in India. Its business is divided into two parts Wealth Management and Asset Management. The Company's main business is to provide transaction structuring relating to financial products to its clients. The company serves high net worth and ultra-high net worth individuals, affluent families, family offices and institutional clients through a range of wealth management solutions. It generates maximum revenue from the Wealth Management segment.
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