Maybank Securities (Thailand) PCLBKK:MST-R 58 Earnings Yield (Joel Greenblatt) % is 6.70% as of Mar. 2026, which is 22% above its 10-year median of 5.49. GuruFocus rates BKK:MST-R with a GF Score™ of 58/100 and a GF Value™ of ฿6.33. The stock has 7 warning signs investors should review. Among 780 Capital Markets companies, Maybank Securities (Thailand) PCL ranks better than 61.03% on this metric.
The historical rank and industry rank for Maybank Securities (Thailand) PCL's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BKK:MST-R'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.4 Med: 5.49 Max: 8.99
Current: 6.44
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Maybank Securities (Thailand) PCL was 8.99%. The lowest was 4.40%. And the median was 5.49%.
BKK:MST-R's Earnings Yield (Joel Greenblatt) % is ranked better than 61.03% of 780
companies
in the Capital Markets industry
Industry Median: 2.94
vs BKK:MST-R: 6.44
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) %. Maybank Securities (Thailand) PCL's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 35.64%. 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.
* 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 Capital Markets subindustry, Maybank Securities (Thailand) PCL'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.
Maybank Securities (Thailand) PCL Earnings Yield (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Maybank Securities (Thailand) PCL's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Maybank Securities (Thailand) PCL'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.
Maybank Securities (Thailand) PCL'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 ฿640 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 6.70% mean?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a Earnings Yield (Joel Greenblatt) % of 6.70% 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 Maybank Securities (Thailand) PCL and its competitors. This is 22% above median its historical median of 5.49. Over the past decade, Maybank Securities (Thailand) PCL's Earnings Yield (Joel Greenblatt) % has ranged from 4.40 to 8.99. According to the industry distribution chart, Maybank Securities (Thailand) PCL ranks #304 out of 780 companies in the Capital Markets industry, placing it in the top 39%.
Is Maybank Securities (Thailand) PCL's Earnings Yield (Joel Greenblatt) % too high?
Maybank Securities (Thailand) PCL's current Earnings Yield (Joel Greenblatt) % of 6.70% is 22% above median its 10-year median of 5.49. Over the past 10 years, this metric has ranged from a low of 4.40 to a high of 8.99. The Capital Markets industry median Earnings Yield (Joel Greenblatt) % is 2.94. Maybank Securities (Thailand) PCL's value of 6.70% is 127.9% above this industry median. Based on the distribution chart, Maybank Securities (Thailand) PCL ranks #304 out of 780 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Maybank Securities (Thailand) PCL has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Maybank Securities (Thailand) PCL's Earnings Yield (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, Maybank Securities (Thailand) PCL ranks #304 out of 780 companies for Earnings Yield (Joel Greenblatt) %. This puts Maybank Securities (Thailand) PCL in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.94. Maybank Securities (Thailand) PCL's value of 6.70% is 127.9% above this benchmark. Historically, Maybank Securities (Thailand) PCL's own Earnings Yield (Joel Greenblatt) % has ranged from 4.40 to 8.99 over the past decade. While the company's 10-year median is 5.49 vs. the industry median of 2.94, Maybank Securities (Thailand) PCL 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 Capital Markets company?
The median Earnings Yield (Joel Greenblatt) % among Capital Markets companies is 2.94, based on 780 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. Maybank Securities (Thailand) PCL's current Earnings Yield (Joel Greenblatt) % of 6.70% is 127.9% 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 Maybank Securities (Thailand) PCL and its competitors. For the Capital Markets industry, the median Earnings Yield (Joel Greenblatt) % is 2.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maybank Securities (Thailand) PCL's current Earnings Yield (Joel Greenblatt) % is 6.70%, which is 22% above median its own 10-year median of 5.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maybank Securities (Thailand) PCL stock overvalued right now?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a current Earnings Yield (Joel Greenblatt) % of 6.70%. The stock's GF Value™ is ฿6.33, compared to a current price of ฿6.85 — trading 8.2% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 6.70%, which is 22% above median its 10-year median of 5.49 and 127.9% above the Capital Markets industry median of 2.94. Maybank Securities (Thailand) PCL's overall GF Score™ is 58/100 with 7 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 Maybank Securities (Thailand) PCL (BKK:MST-R), the current Earnings Yield (Joel Greenblatt) % is 6.70% 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 Maybank Securities (Thailand) PCL (BKK:MST-R) Overvalued in 2026?
Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿6.85 is trading 8.2% above its estimated GF Value™ of ฿6.33.
Key valuation signals for BKK:MST-R:
Earnings Yield (Joel Greenblatt) %: 6.70% (22% above median its 10-year median of 5.49)
GF Value™: ฿6.33 vs. price of ฿6.85 (8.2% above fair value)
Industry Position: 127.9% above the Capital Markets median (#304 of 780)
No single metric tells the full story. See the BKK:MST-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maybank Securities (Thailand) PCL Business Description
Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing and lending, and corporate finance advisory services.
58GF Score
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