Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
APA GroupAPAJF -0.09%71 Earnings Yield (Joel Greenblatt) % is 4.06% as of Jun. 2026, which is 0% above its 10-year median of 4.04. GuruFocus rates APAJF with a GF Score™ of 71/100 and a GF Value™ of $5.49 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 509 Utilities - Regulated companies, APA Group ranks worse than 77.01% on this metric.
APA Group's Enterprise Value for the quarter that ended in Jun. 2026 was $18,430 Mil.
APA Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $738 Mil. APA Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 4.06%.
The historical rank and industry rank for APA Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
APAJF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.79 Med: 4.04 Max: 8.21
Current: 3.94
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of APA Group was 8.21%. The lowest was 2.79%. And the median was 4.04%.
APAJF's Earnings Yield (Joel Greenblatt) % is ranked worse than 77.01% of 509
companies
in the Utilities - Regulated industry
Industry Median: 6.89
vs APAJF: 3.94
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) %. APA Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 9.28%. 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.
APA Group (OTCPK:APAJF) 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.
APA Group Earnings Yield (Joel Greenblatt) % Related Terms
APA Group Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for APA Group'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.
APA Group Earnings Yield (Joel Greenblatt) % Chart
For the Utilities - Regulated Gas subindustry, APA Group'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.
APA Group Earnings Yield (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, APA Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where APA Group's Earnings Yield (Joel Greenblatt) % falls into.
APA Group 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.
APA Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2026 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 4.06% mean?
APA Group (APAJF) has a Earnings Yield (Joel Greenblatt) % of 4.06% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on APA Group and its competitors. This is near median its historical median of 4.04. Over the past decade, APA Group's Earnings Yield (Joel Greenblatt) % has ranged from 2.79 to 8.21. According to the industry distribution chart, APA Group ranks #392 out of 509 companies in the Utilities - Regulated industry, placing it in the top 77%.
Is APA Group's Earnings Yield (Joel Greenblatt) % too high?
APA Group's current Earnings Yield (Joel Greenblatt) % of 4.06% is near median its 10-year median of 4.04. Over the past 10 years, this metric has ranged from a low of 2.79 to a high of 8.21. The Utilities - Regulated industry median Earnings Yield (Joel Greenblatt) % is 6.89. APA Group's value of 4.06% is 41.1% below this industry median. Based on the distribution chart, APA Group ranks #392 out of 509 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, APA Group has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does APA Group's Earnings Yield (Joel Greenblatt) % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, APA Group ranks #392 out of 509 companies for Earnings Yield (Joel Greenblatt) %. This places APA Group in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.89. APA Group's value of 4.06% is 41.1% below this benchmark. Historically, APA Group's own Earnings Yield (Joel Greenblatt) % has ranged from 2.79 to 8.21 over the past decade. While the company's 10-year median is 4.04 vs. the industry median of 6.89, APA Group has consistently been below 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 an Utilities - Regulated company?
The median Earnings Yield (Joel Greenblatt) % among Utilities - Regulated companies is 6.89, based on 509 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. APA Group's current Earnings Yield (Joel Greenblatt) % of 4.06% is 41.1% below 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 APA Group and its competitors. For the Utilities - Regulated industry, the median Earnings Yield (Joel Greenblatt) % is 6.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APA Group's current Earnings Yield (Joel Greenblatt) % is 4.06%, which is near median its own 10-year median of 4.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APA Group stock overvalued right now?
Based on GuruFocus' analysis, APA Group (APAJF) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.49, compared to a current price of $7.73 — trading 40.7% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 4.06%, which is near median its 10-year median of 4.04 and 41.1% below the Utilities - Regulated industry median of 6.89. APA Group's overall GF Score™ is 71/100 with 11 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 APA Group (APAJF), the current Earnings Yield (Joel Greenblatt) % is 4.06% as of Jun. 2026. 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 APA Group (APAJF) Overvalued in 2026?
Based on GuruFocus' analysis, APA Group stock appears to be overvalued.
The current stock price of $7.73 is trading 40.7% above its estimated GF Value™ of $5.49.
GuruFocus considers APA Group to be Significantly Overvalued.
Key valuation signals for APAJF:
Earnings Yield (Joel Greenblatt) %: 4.06% (near median its 10-year median of 4.04)
GF Value™: $5.49 vs. price of $7.73 (40.7% above fair value)
Industry Position: 41.1% below the Utilities - Regulated median (#392 of 509)
No single metric tells the full story. See the APAJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
APA Group is Australia's largest gas infrastructure company with an extensive portfolio of transmission pipelines, distribution networks, and storage facilities, and is increasingly investing in renewable energy generation, electricity transmission, and batteries. It is internally managed and has direct operational control over all assets. It owns minority stakes in a few smaller gas infrastructure companies and manages operations for most of these. The stapled securities comprise a unit in Australian Pipeline Trust and in APT Investment Trust.
71GF Score
Get the complete analysis for APAJF
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
APAJF has been successfully added to your 
