What is AJR Infra & Tolling Earnings Yield (Joel Greenblatt) %?
AJR Infra & Tolling's Enterprise Value for the quarter that ended in Dec. 2023 was ₹659.3 Mil.
AJR Infra & Tolling's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-460.2 Mil. AJR Infra & Tolling's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -69.93%.
The historical rank and industry rank for AJR Infra & Tolling's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSE:AJRINFRA'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12478.08 Med: 6.35 Max: 650.24
Current: -34.48
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of AJR Infra & Tolling was 650.24%. The lowest was -12478.08%. And the median was 6.35%.
NSE:AJRINFRA's Earnings Yield (Joel Greenblatt) % is not ranked
in the Construction industry.
Industry Median: 6.465
vs NSE:AJRINFRA: -34.48
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) %. AJR Infra & Tolling'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.
AJR Infra & Tolling Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for AJR Infra & Tolling'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.
* Premium members only.
AJR Infra & Tolling Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of AJR Infra & Tolling's Earnings Yield (Joel Greenblatt) %
For the Infrastructure Operations subindustry, AJR Infra & Tolling'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.
AJR Infra & Tolling's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, AJR Infra & Tolling's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where AJR Infra & Tolling's Earnings Yield (Joel Greenblatt) % falls into.
AJR Infra & Tolling 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.
AJR Infra & Tollings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
AJR Infra & Tolling'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 ₹-460.2 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.
AJR Infra & Tolling Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of AJR Infra & Tolling's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
AJR Infra & Tolling (NSE:AJRINFRA) Business Description
AJR Infra & Tolling Ltd is an infrastructure project development company. The firm is engaged in the construction and maintenance of motorways, streets, roads, other vehicular and pedestrian ways, highways, bridges, tunnels, and subways. Its forays into the development of infrastructure projects on a PPP basis across sectors such as Roads & Expressways, Ports, Hydro Power, Urban infrastructure, Airports, Special Economic Zones, Water and Wastewater Management, Railways, Power Transmission lines, and Agricultural Infrastructure. It constitutes two segments namely Real Estate Business and Infrastructure, out of which maximum revenue is derived from Infrastructure Segment. Geographically, it operates in India.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NSE:AJRINFRA has been successfully added to your 