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CapitaLand Ascendas REITACDSF 76 Earnings Yield (Joel Greenblatt) % is 5.32% as of Dec. 2025, which is 8% above its 10-year median of 4.93. GuruFocus rates ACDSF with a GF Score™ of 76/100 and a GF Value™ of $1.83 (Fairly Valued). The stock has 9 warning signs investors should review. Among 963 REITs companies, CapitaLand Ascendas REIT ranks better than 66.36% on this metric.
CapitaLand Ascendas REIT's Enterprise Value for the quarter that ended in Dec. 2025 was $14,410 Mil.
CapitaLand Ascendas REIT's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $858 Mil. CapitaLand Ascendas REIT's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2025 was 5.32%.
The historical rank and industry rank for CapitaLand Ascendas REIT's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ACDSF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.11 Med: 4.93 Max: 7.29
Current: 5.5
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of CapitaLand Ascendas REIT was 7.29%. The lowest was 2.11%. And the median was 4.93%.
ACDSF's Earnings Yield (Joel Greenblatt) % is ranked better than 66.36% of 963
companies
in the REITs industry
Industry Median: 3.4
vs ACDSF: 5.50
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) %. CapitaLand Ascendas REIT's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 was 7.35%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.
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.
CapitaLand Ascendas REIT Earnings Yield (Joel Greenblatt) % Related Terms
CapitaLand Ascendas REIT Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for CapitaLand Ascendas REIT'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.
For the REIT - Industrial subindustry, CapitaLand Ascendas REIT'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.
CapitaLand Ascendas REIT Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, CapitaLand Ascendas REIT's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CapitaLand Ascendas REIT'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.
CapitaLand Ascendas REITs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
What does a Earnings Yield (Joel Greenblatt) % of 5.32% mean?
CapitaLand Ascendas REIT (ACDSF) has a Earnings Yield (Joel Greenblatt) % of 5.32% as of Dec. 2025. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on CapitaLand Ascendas REIT and its competitors. This is near median its historical median of 4.93. Over the past decade, CapitaLand Ascendas REIT's Earnings Yield (Joel Greenblatt) % has ranged from 2.11 to 7.29. According to the industry distribution chart, CapitaLand Ascendas REIT ranks #324 out of 963 companies in the REITs industry, placing it in the top 33.6%.
Is CapitaLand Ascendas REIT's Earnings Yield (Joel Greenblatt) % too high?
CapitaLand Ascendas REIT's current Earnings Yield (Joel Greenblatt) % of 5.32% is near median its 10-year median of 4.93. Over the past 10 years, this metric has ranged from a low of 2.11 to a high of 7.29. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.40. CapitaLand Ascendas REIT's value of 5.32% is 56.5% above this industry median. Based on the distribution chart, CapitaLand Ascendas REIT ranks #324 out of 963 companies in the REITs industry, which is above the industry midpoint. Overall, CapitaLand Ascendas REIT has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CapitaLand Ascendas REIT's Earnings Yield (Joel Greenblatt) % compare to PLD and PSA?
According to the REITs industry distribution chart, CapitaLand Ascendas REIT ranks #324 out of 963 companies for Earnings Yield (Joel Greenblatt) %. This puts CapitaLand Ascendas REIT in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.40. CapitaLand Ascendas REIT's value of 5.32% is 56.5% above this benchmark. Historically, CapitaLand Ascendas REIT's own Earnings Yield (Joel Greenblatt) % has ranged from 2.11 to 7.29 over the past decade. While the company's 10-year median is 4.93 vs. the industry median of 3.40, CapitaLand Ascendas REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a REITs company?
The median Earnings Yield (Joel Greenblatt) % among REITs companies is 3.40, based on 963 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CapitaLand Ascendas REIT's current Earnings Yield (Joel Greenblatt) % of 5.32% is 56.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on CapitaLand Ascendas REIT and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CapitaLand Ascendas REIT's current Earnings Yield (Joel Greenblatt) % is 5.32%, which is near median its own 10-year median of 4.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapitaLand Ascendas REIT stock overvalued right now?
Based on GuruFocus' analysis, CapitaLand Ascendas REIT (ACDSF) is currently considered Fairly Valued. The stock's GF Value™ is $1.83, compared to a current price of $1.93 — trading 5.5% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.32%, which is near median its 10-year median of 4.93 and 56.5% above the REITs industry median of 3.40. CapitaLand Ascendas REIT's overall GF Score™ is 76/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For CapitaLand Ascendas REIT (ACDSF), the current Earnings Yield (Joel Greenblatt) % is 5.32% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is CapitaLand Ascendas REIT (ACDSF) Overvalued in 2026?
Based on GuruFocus' analysis, CapitaLand Ascendas REIT stock appears to be overvalued.
The current stock price of $1.93 is trading 5.5% above its estimated GF Value™ of $1.83.
GuruFocus considers CapitaLand Ascendas REIT to be Fairly Valued.
Key valuation signals for ACDSF:
Earnings Yield (Joel Greenblatt) %: 5.32% (near median its 10-year median of 4.93)
GF Value™: $1.83 vs. price of $1.93 (5.5% above fair value)
Industry Position: 56.5% above the REITs median (#324 of 963)
No single metric tells the full story. See the ACDSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CapitaLand Ascendas REIT is a real estate investment trust focusing on the industrial and business space. As of Dec. 31, 2025, it held a SGD 18.2 billion portfolio of 222 properties across Singapore, Australia, Europe, and the US. The property types encompass business and science parks, high-specification industrial properties, data centers, light industrial properties, and logistics and distribution centers. The trust is externally managed by Ascendas Funds Management, a subsidiary of CapitaLand Investment, which owns a 17.5% stake in the trust.
76GF Score
Get the complete analysis for ACDSF
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