Saul CentersBFS +0.64%78 Earnings Yield (Joel Greenblatt) % is 4.33% as of Mar. 2026, which is 0% above its 10-year median of 4.31. GuruFocus rates BFS with a GF Score™ of 78/100 and a GF Value™ of $42.02 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 973 REITs companies, Saul Centers ranks better than 57.55% on this metric.
Saul Centers's Enterprise Value for the quarter that ended in Mar. 2026 was $2,746.1 Mil.
Saul Centers's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $118.9 Mil. Saul Centers's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 4.33%.
The historical rank and industry rank for Saul Centers's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BFS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.32 Med: 4.31 Max: 5.44
Current: 4.2
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Saul Centers was 5.44%. The lowest was 3.32%. And the median was 4.31%.
BFS's Earnings Yield (Joel Greenblatt) % is ranked better than 57.55% of 973
companies
in the REITs industry
Industry Median: 3.51
vs BFS: 4.20
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) %. Saul Centers's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 18.02%. 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.
Saul Centers Earnings Yield (Joel Greenblatt) % Related Terms
Saul Centers Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Saul Centers'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 - Retail subindustry, Saul Centers'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.
Saul Centers Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Saul Centers's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Saul Centers'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.
Saul Centerss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Saul Centers's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $118.9 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 4.33% mean?
Saul Centers (BFS) has a Earnings Yield (Joel Greenblatt) % of 4.33% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Saul Centers and its competitors. This is near median its historical median of 4.31. Over the past decade, Saul Centers' Earnings Yield (Joel Greenblatt) % has ranged from 3.32 to 5.44. According to the industry distribution chart, Saul Centers ranks #413 out of 973 companies in the REITs industry, placing it in the top 42.4%.
Is Saul Centers' Earnings Yield (Joel Greenblatt) % too high?
Saul Centers' current Earnings Yield (Joel Greenblatt) % of 4.33% is near median its 10-year median of 4.31. Over the past 10 years, this metric has ranged from a low of 3.32 to a high of 5.44. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.51. Saul Centers' value of 4.33% is 23.4% above this industry median. Based on the distribution chart, Saul Centers ranks #413 out of 973 companies in the REITs industry, which is above the industry midpoint. Overall, Saul Centers has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Saul Centers' Earnings Yield (Joel Greenblatt) % compare to WSR and ALX?
According to the REITs industry distribution chart, Saul Centers ranks #413 out of 973 companies for Earnings Yield (Joel Greenblatt) %. This puts Saul Centers in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.51. Saul Centers' value of 4.33% is 23.4% above this benchmark. Historically, Saul Centers' own Earnings Yield (Joel Greenblatt) % has ranged from 3.32 to 5.44 over the past decade. While the company's 10-year median is 4.31 vs. the industry median of 3.51, Saul Centers 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 3.51, based on 973 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. Saul Centers's current Earnings Yield (Joel Greenblatt) % of 4.33% is 23.4% 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 Saul Centers and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saul Centers's current Earnings Yield (Joel Greenblatt) % is 4.33%, which is near median its own 10-year median of 4.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saul Centers stock overvalued right now?
Based on GuruFocus' analysis, Saul Centers (BFS) is currently considered Modestly Undervalued. The stock's GF Value™ is $42.02, compared to a current price of $36.14 — trading 14% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 4.33%, which is near median its 10-year median of 4.31 and 23.4% above the REITs industry median of 3.51. Saul Centers' overall GF Score™ is 78/100 with 9 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 Saul Centers (BFS), the current Earnings Yield (Joel Greenblatt) % is 4.33% as of Mar. 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 Saul Centers (BFS) Overvalued in 2026?
Based on GuruFocus' analysis, Saul Centers stock appears to be undervalued.
The current stock price of $36.14 is trading 14% below its estimated GF Value™ of $42.02.
GuruFocus considers Saul Centers to be Modestly Undervalued.
Key valuation signals for BFS:
Earnings Yield (Joel Greenblatt) %: 4.33% (near median its 10-year median of 4.31)
GF Value™: $42.02 vs. price of $36.14 (14% below fair value)
Industry Position: 23.4% above the REITs median (#413 of 973)
No single metric tells the full story. See the BFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saul Centers Inc is a self-managed real estate investment trust which invests in, operates and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are located in the Washington, D.C. and Batlimore metropolitan areas. Saul Centers operates through two business segments: Shopping Centers segment, which contribute the maximum portion of total revenue; and mixed-use properties.Mixed-Use Properties segment include office, retail and multi-family residential use.
78GF Score
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