What is HCL Technologies Earnings Yield (Joel Greenblatt) %?
HCL Technologies's Enterprise Value for the quarter that ended in Mar. 2024 was ₹3,953,278 Mil.
HCL Technologies's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ₹215,200 Mil. HCL Technologies's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 5.44%.
The historical rank and industry rank for HCL Technologies's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSE:HCLTECH'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.15 Med: 6.7 Max: 13.51
Current: 6.2
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of HCL Technologies was 13.51%. The lowest was 2.15%. And the median was 6.70%.
NSE:HCLTECH's Earnings Yield (Joel Greenblatt) % is ranked better than 74.97% of 2853
companies
in the Software industry
Industry Median: 1.11
vs NSE:HCLTECH: 6.20
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) %. HCL Technologies's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 14.37%. 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.
HCL Technologies Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for HCL Technologies'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 HCL Technologies's Earnings Yield (Joel Greenblatt) %
For the Information Technology Services subindustry, HCL Technologies'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.
HCL Technologies's Earnings Yield (Joel Greenblatt) % Distribution in the Software Industry
For the Software industry and Technology sector, HCL Technologies's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where HCL Technologies'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.
HCL Technologiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
HCL Technologies'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 ₹215,200 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.
HCL Technologies Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of HCL Technologies's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
HCL Technologies (NSE:HCLTECH) Business Description
HCL Technologies Ltd provides enterprises with IT solutions in India. It focuses on offering Digital, Internet of Things Services, Cloud, Automation, Cybersecurity, Infrastructure Management, and Engineering Services to solve business problems for clients. While the company is based in India, it has international clients in a large number of countries. It offers solutions to a variety of industries including Financial Services, Public Services, Consumer Services, Healthcare, and Manufacturing. It operates in three segments IT and Business Services, Engineering and R&D Services, and Products and Platforms. The firm emphasizes consultation services for firms, with the goal to offer them digital and design solutions. Most of the firm's revenue comes from IT and Business Services segment.
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