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Atlas ArteriaASX:ALX -0.40%78 Earnings Yield (Joel Greenblatt) % is 2.56% as of Dec. 2025, which is 9% below its 10-year median of 2.80. GuruFocus rates ASX:ALX with a GF Score™ of 78/100 and a GF Value™ of A$5.88 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,798 Construction companies, Atlas Arteria ranks worse than 74.58% on this metric.
Atlas Arteria's Enterprise Value for the quarter that ended in Dec. 2025 was A$11,240.5 Mil.
Atlas Arteria's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$287.4 Mil. Atlas Arteria's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2025 was 2.56%.
The historical rank and industry rank for Atlas Arteria's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:ALX'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.7 Med: 2.8 Max: 11.68
Current: 1.1
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Atlas Arteria was 11.68%. The lowest was -7.70%. And the median was 2.80%.
ASX:ALX's Earnings Yield (Joel Greenblatt) % is ranked worse than 74.58% of 1798
companies
in the Construction industry
Industry Median: 6.46
vs ASX:ALX: 1.10
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) %. Atlas Arteria's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 was 15.33%. 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.
Atlas Arteria Earnings Yield (Joel Greenblatt) % Related Terms
Atlas Arteria Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Atlas Arteria'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 Infrastructure Operations subindustry, Atlas Arteria'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.
Atlas Arteria Earnings Yield (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Atlas Arteria's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Atlas Arteria'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.
Atlas Arterias 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 2.56% mean?
Atlas Arteria (ASX:ALX) has a Earnings Yield (Joel Greenblatt) % of 2.56% 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 Atlas Arteria and its competitors. This is near median its historical median of 2.80. According to the industry distribution chart, Atlas Arteria ranks #1341 out of 1798 companies in the Construction industry, placing it in the top 74.6%.
Is Atlas Arteria's Earnings Yield (Joel Greenblatt) % too high?
Atlas Arteria's current Earnings Yield (Joel Greenblatt) % of 2.56% is near median its 10-year median of 2.80. The Construction industry median Earnings Yield (Joel Greenblatt) % is 6.46. Atlas Arteria's value of 2.56% is 60.4% below this industry median. Based on the distribution chart, Atlas Arteria ranks #1341 out of 1798 companies in the Construction industry, which is below the industry midpoint. Overall, Atlas Arteria has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Atlas Arteria's Earnings Yield (Joel Greenblatt) % compare to competitors?
According to the Construction industry distribution chart, Atlas Arteria ranks #1341 out of 1798 companies for Earnings Yield (Joel Greenblatt) %. This places Atlas Arteria in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.46. Atlas Arteria's value of 2.56% is 60.4% below this benchmark. While the company's 10-year median is 2.80 vs. the industry median of 6.46, Atlas Arteria 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 a Construction company?
The median Earnings Yield (Joel Greenblatt) % among Construction companies is 6.46, based on 1,798 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. Atlas Arteria's current Earnings Yield (Joel Greenblatt) % of 2.56% is 60.4% 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 Atlas Arteria and its competitors. For the Construction industry, the median Earnings Yield (Joel Greenblatt) % is 6.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atlas Arteria's current Earnings Yield (Joel Greenblatt) % is 2.56%, which is near median its own 10-year median of 2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlas Arteria stock overvalued right now?
Based on GuruFocus' analysis, Atlas Arteria (ASX:ALX) is currently considered Modestly Undervalued. The stock's GF Value™ is A$5.88, compared to a current price of A$5.03 — trading 14.5% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 2.56%, which is near median its 10-year median of 2.80 and 60.4% below the Construction industry median of 6.46. Atlas Arteria's overall GF Score™ is 78/100 with 5 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 Atlas Arteria (ASX:ALX), the current Earnings Yield (Joel Greenblatt) % is 2.56% 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 Atlas Arteria (ASX:ALX) Overvalued in 2026?
Based on GuruFocus' analysis, Atlas Arteria stock appears to be undervalued.
The current stock price of A$5.03 is trading 14.5% below its estimated GF Value™ of A$5.88.
GuruFocus considers Atlas Arteria to be Modestly Undervalued.
Key valuation signals for ASX:ALX:
Earnings Yield (Joel Greenblatt) %: 2.56% (near median its 10-year median of 2.80)
GF Value™: A$5.88 vs. price of A$5.03 (14.5% below fair value)
Industry Position: 60.4% below the Construction median (#1341 of 1798)
No single metric tells the full story. See the ASX:ALX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atlas Arteria is a global toll-road investor created out of the reorganization of Macquarie Infrastructure Group in 2010. The firm's main asset is a 30.82% stake in APRR. APRR owns concessions to toll more than 2,300 kilometers of motorways in eastern France, most ending by late 2035. The firm also wholly owns the Dulles Greenway and 66.67% of the Chicago Skyway, both in the US.
78GF Score
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