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Vertoz Advertising (NSE:VERTOZ) Earnings Yield (Joel Greenblatt) % : 1.53% (As of Mar. 2024)


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What is Vertoz Advertising Earnings Yield (Joel Greenblatt) %?

Vertoz Advertising's Enterprise Value for the quarter that ended in Mar. 2024 was ₹11,339 Mil. Vertoz Advertising's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹174 Mil. Vertoz Advertising's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 1.53%.

The historical rank and industry rank for Vertoz Advertising's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

NSE:VERTOZ' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.6   Med: 4.1   Max: 10.36
Current: 1.99

During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Vertoz Advertising was 10.36%. The lowest was 0.60%. And the median was 4.10%.

NSE:VERTOZ's Earnings Yield (Joel Greenblatt) % is ranked worse than
53.53% of 1048 companies
in the Media - Diversified industry
Industry Median: 2.88 vs NSE:VERTOZ: 1.99

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) %. Vertoz Advertising's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 12.62%. 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.


Vertoz Advertising Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Vertoz Advertising'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.

Vertoz Advertising Earnings Yield (Joel Greenblatt) % Chart

Vertoz Advertising Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only 7.98 3.10 7.69 6.37 1.53

Vertoz Advertising Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.37 6.56 4.94 2.24 1.53

Competitive Comparison of Vertoz Advertising's Earnings Yield (Joel Greenblatt) %

For the Advertising Agencies subindustry, Vertoz Advertising'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.


Vertoz Advertising's Earnings Yield (Joel Greenblatt) % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Vertoz Advertising's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Vertoz Advertising's Earnings Yield (Joel Greenblatt) % falls into.



Vertoz Advertising 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.

Vertoz Advertisings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=173.727/11408.756
=1.52 %

Vertoz Advertising'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 ₹174 Mil.



Vertoz Advertising  (NSE:VERTOZ) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Vertoz Advertising Earnings Yield (Joel Greenblatt) % Related Terms

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Vertoz Advertising (NSE:VERTOZ) Business Description

Traded in Other Exchanges
N/A
Address
LBS Marg, 602, Avior, Nirmal Galaxy, Opposite Johnson and Johnson, Mulund West, Mumbai, MH, IND, 400080
Vertoz Advertising Ltd is a programmatic advertising company and offers advertising and other allied services to domestic/ overseas clients. The company's software platform offers real-time trading of digital advertising inventory between advertisers and publishers. It has only one Segment being Programmatic Advertising Business. The company operates in India.

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