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Vulcan SteelASX:VSL +2.11%54 Earnings Yield (Joel Greenblatt) % is 0.00% as of Dec. 2025. GuruFocus rates ASX:VSL with a GF Score™ of 54/100 and a GF Value™ of A$6.33 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 629 Steel companies, Vulcan Steel ranks worse than 63.75% on this metric.
Vulcan Steel's Enterprise Value for the quarter that ended in Dec. 2025 was A$1,514.4 Mil.
Vulcan Steel's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$34.1 Mil. Vulcan Steel's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2025 was 0.00%.
The historical rank and industry rank for Vulcan Steel's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:VSL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.49 Med: 6.08 Max: 13.47
Current: 2.7
During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of Vulcan Steel was 13.47%. The lowest was 2.49%. And the median was 6.08%.
ASX:VSL's Earnings Yield (Joel Greenblatt) % is ranked worse than 63.75% of 629
companies
in the Steel industry
Industry Median: 5.08
vs ASX:VSL: 2.70
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) %. Vulcan Steel'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.
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.
Vulcan Steel Earnings Yield (Joel Greenblatt) % Related Terms
Vulcan Steel Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Vulcan Steel'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 Steel subindustry, Vulcan Steel'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.
Vulcan Steel Earnings Yield (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Vulcan Steel's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Vulcan Steel'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.
Vulcan Steels 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?
Vulcan Steel (ASX:VSL) 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 Vulcan Steel and its competitors. Over the past decade, Vulcan Steel's Earnings Yield (Joel Greenblatt) % has ranged from 2.49 to 13.47. According to the industry distribution chart, Vulcan Steel ranks #401 out of 629 companies in the Steel industry, placing it in the top 63.8%.
Is Vulcan Steel's Earnings Yield (Joel Greenblatt) % too high?
Vulcan Steel's current Earnings Yield (Joel Greenblatt) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 2.49 to a high of 13.47. Based on the distribution chart, Vulcan Steel ranks #401 out of 629 companies in the Steel industry, which is below the industry midpoint. Overall, Vulcan Steel has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Steel's Earnings Yield (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Vulcan Steel ranks #401 out of 629 companies for Earnings Yield (Joel Greenblatt) %. This places Vulcan Steel in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.08. Historically, Vulcan Steel's own Earnings Yield (Joel Greenblatt) % has ranged from 2.49 to 13.47 over the past decade. 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 Steel company?
The median Earnings Yield (Joel Greenblatt) % among Steel companies is 5.08, based on 629 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. 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 Vulcan Steel and its competitors. For the Steel industry, the median Earnings Yield (Joel Greenblatt) % is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Steel'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 Vulcan Steel stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Steel (ASX:VSL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$6.33, compared to a current price of A$5.33 — trading 15.8% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 0.00%. Vulcan Steel's overall GF Score™ is 54/100 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 Vulcan Steel (ASX:VSL), 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 Vulcan Steel (ASX:VSL) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Steel stock appears to be undervalued.
The current stock price of A$5.33 is trading 15.8% below its estimated GF Value™ of A$6.33.
GuruFocus considers Vulcan Steel to be Modestly Undervalued.
Key valuation signals for ASX:VSL:
Earnings Yield (Joel Greenblatt) %: 0.00%
GF Value™: A$6.33 vs. price of A$5.33 (15.8% below fair value)
No single metric tells the full story. See the ASX:VSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, the Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New Zealand, which includes Stainless Steel, Engineering Steel, and Aluminium.
54GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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