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.
Kaiser ReefASX:KAU 28 Earnings Yield (Joel Greenblatt) % is 0.00% as of Dec. 2025. GuruFocus rates ASX:KAU with a GF Score™ of 28/100 and a GF Value™ of A$0.30 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,659 Metals & Mining companies, Kaiser Reef ranks better than 83.72% on this metric.
Kaiser Reef's Enterprise Value for the quarter that ended in Dec. 2025 was A$143.4 Mil.
Kaiser Reef's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$4.3 Mil. Kaiser Reef's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2025 was 0.00%.
The historical rank and industry rank for Kaiser Reef's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:KAU'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -23.32 Med: -13.21 Max: 8.63
Current: 5.15
During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of Kaiser Reef was 8.63%. The lowest was -23.32%. And the median was -13.21%.
ASX:KAU's Earnings Yield (Joel Greenblatt) % is ranked better than 83.72% of 2659
companies
in the Metals & Mining industry
Industry Median: -7.15
vs ASX:KAU: 5.15
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) %. Kaiser Reef's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 was 0.00%. 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.
Kaiser Reef (ASX:KAU) 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.
Kaiser Reef Earnings Yield (Joel Greenblatt) % Related Terms
Kaiser Reef Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Kaiser Reef'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.
Kaiser Reef Earnings Yield (Joel Greenblatt) % Chart
ASX:KAU vs NEM, AU: Earnings Yield (Joel Greenblatt) % Comparison
For the Gold subindustry, Kaiser Reef'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.
Kaiser Reef Earnings Yield (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kaiser Reef's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kaiser Reef's Earnings Yield (Joel Greenblatt) % falls into.
Kaiser Reef 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.
Kaiser Reefs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 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 0.00% mean?
Kaiser Reef (ASX:KAU) has a Earnings Yield (Joel Greenblatt) % of 0.00% 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 Kaiser Reef and its competitors. According to the industry distribution chart, Kaiser Reef ranks #433 out of 2659 companies in the Metals & Mining industry, placing it in the top 16.3%.
Is Kaiser Reef's Earnings Yield (Joel Greenblatt) % too high?
Kaiser Reef's current Earnings Yield (Joel Greenblatt) % is 0.00%. Based on the distribution chart, Kaiser Reef ranks #433 out of 2659 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Kaiser Reef has a GF Score™ of 28/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kaiser Reef's Earnings Yield (Joel Greenblatt) % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kaiser Reef ranks #433 out of 2659 companies for Earnings Yield (Joel Greenblatt) %. This places Kaiser Reef in the top 16% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good Earnings Yield (Joel Greenblatt) % depends on the Metals & Mining industry context. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Kaiser Reef and its competitors. Kaiser Reef's current Earnings Yield (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaiser Reef stock overvalued right now?
Based on GuruFocus' analysis, Kaiser Reef (ASX:KAU) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.30, compared to a current price of A$0.19 — trading 38.3% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 0.00%. Kaiser Reef's overall GF Score™ is 28/100 with 2 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 Kaiser Reef (ASX:KAU), the current Earnings Yield (Joel Greenblatt) % is 0.00% 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 Kaiser Reef (ASX:KAU) Overvalued in 2026?
Based on GuruFocus' analysis, Kaiser Reef stock appears to be undervalued.
The current stock price of A$0.19 is trading 38.3% below its estimated GF Value™ of A$0.30.
GuruFocus considers Kaiser Reef to be Possible Value Trap.
Key valuation signals for ASX:KAU:
Earnings Yield (Joel Greenblatt) %: 0.00%
GF Value™: A$0.30 vs. price of A$0.19 (38.3% below fair value)
No single metric tells the full story. See the ASX:KAU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaiser Reef Ltd is a gold producer and exploration company. The company's projects include A1 Gold Mine, Henty Gold Mine, Maldon Goldfields, and Maldon Plant. Its segments include Victoria operations and Tasmania operations. It generates the majority of its revenue from the Victoria operations segment.
28GF Score
Get the complete analysis for ASX:KAU
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
ASX:KAU has been successfully added to your 
