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Waypoint REITASX:WPR +0.82%72 Earnings Yield (Joel Greenblatt) % is 9.62% as of Dec. 2025, which is 18% above its 10-year median of 8.17. GuruFocus rates ASX:WPR with a GF Score™ of 72/100 and a GF Value™ of A$2.59 (Fairly Valued). The stock has 4 warning signs investors should review. Among 974 REITs companies, Waypoint REIT ranks better than 86.24% on this metric.
Waypoint REIT's Enterprise Value for the quarter that ended in Dec. 2025 was A$2,582.9 Mil.
Waypoint REIT's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$248.6 Mil. Waypoint REIT's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2025 was 9.62%.
The historical rank and industry rank for Waypoint REIT's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:WPR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.69 Med: 8.17 Max: 18.09
Current: 9.87
During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Waypoint REIT was 18.09%. The lowest was -1.69%. And the median was 8.17%.
ASX:WPR's Earnings Yield (Joel Greenblatt) % is ranked better than 86.24% of 974
companies
in the REITs industry
Industry Median: 3.415
vs ASX:WPR: 9.87
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) %. Waypoint REIT'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.
Waypoint REIT Earnings Yield (Joel Greenblatt) % Related Terms
Waypoint REIT Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Waypoint 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 - Specialty subindustry, Waypoint 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.
Waypoint REIT Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Waypoint REIT's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Waypoint 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.
Waypoint 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 9.62% mean?
Waypoint REIT (ASX:WPR) has a Earnings Yield (Joel Greenblatt) % of 9.62% 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 Waypoint REIT and its competitors. This is 18% above median its historical median of 8.17. According to the industry distribution chart, Waypoint REIT ranks #134 out of 974 companies in the REITs industry, placing it in the top 13.8%.
Is Waypoint REIT's Earnings Yield (Joel Greenblatt) % too high?
Waypoint REIT's current Earnings Yield (Joel Greenblatt) % of 9.62% is 18% above median its 10-year median of 8.17. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.42. Waypoint REIT's value of 9.62% is 181.7% above this industry median. Based on the distribution chart, Waypoint REIT ranks #134 out of 974 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Waypoint REIT has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Waypoint REIT's Earnings Yield (Joel Greenblatt) % compare to EQIX and AMT?
According to the REITs industry distribution chart, Waypoint REIT ranks #134 out of 974 companies for Earnings Yield (Joel Greenblatt) %. This places Waypoint REIT in the top 14% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 3.42. Waypoint REIT's value of 9.62% is 181.7% above this benchmark. While the company's 10-year median is 8.17 vs. the industry median of 3.42, Waypoint 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 3.42, based on 974 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. Waypoint REIT's current Earnings Yield (Joel Greenblatt) % of 9.62% is 181.7% 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 Waypoint REIT and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waypoint REIT's current Earnings Yield (Joel Greenblatt) % is 9.62%, which is 18% above median its own 10-year median of 8.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waypoint REIT stock overvalued right now?
Based on GuruFocus' analysis, Waypoint REIT (ASX:WPR) is currently considered Fairly Valued. The stock's GF Value™ is A$2.59, compared to a current price of A$2.45 — trading 5.4% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 9.62%, which is 18% above median its 10-year median of 8.17 and 181.7% above the REITs industry median of 3.42. Waypoint REIT's overall GF Score™ is 72/100 with 4 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 Waypoint REIT (ASX:WPR), the current Earnings Yield (Joel Greenblatt) % is 9.62% 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 Waypoint REIT (ASX:WPR) Overvalued in 2026?
Based on GuruFocus' analysis, Waypoint REIT stock appears to be undervalued.
The current stock price of A$2.45 is trading 5.4% below its estimated GF Value™ of A$2.59.
GuruFocus considers Waypoint REIT to be Fairly Valued.
Key valuation signals for ASX:WPR:
Earnings Yield (Joel Greenblatt) %: 9.62% (18% above median its 10-year median of 8.17)
GF Value™: A$2.59 vs. price of A$2.45 (5.4% below fair value)
Industry Position: 181.7% above the REITs median (#134 of 974)
No single metric tells the full story. See the ASX:WPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waypoint REIT owns a AUD 3 billion portfolio of service station properties across Australia. About 80% of the portfolio by value is in capital cities and other major urban areas, with about 10% on highways and a similar proportion in small towns. About 95% of rental income comes from ASX-listed Viva Energy, and 90% of the leases are triple net, where the tenant pays all property outgoings. Management is internal.
72GF Score
Get the complete analysis for ASX:WPR
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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