Netbay PCLBKK:NETBAY +2.63%83 Earnings Yield (Joel Greenblatt) % is 8.90% as of Mar. 2026, which is 141% above its 10-year median of 3.69. GuruFocus rates BKK:NETBAY with a GF Score™ of 83/100 and a GF Value™ of ฿21.41 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,902 Software companies, Netbay PCL ranks better than 88.11% on this metric.
Netbay PCL's Enterprise Value for the quarter that ended in Mar. 2026 was ฿3,221.7 Mil.
Netbay PCL's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ฿286.8 Mil. Netbay PCL's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 8.90%.
The historical rank and industry rank for Netbay PCL's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BKK:NETBAY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.36 Med: 3.69 Max: 19.88
Current: 14.77
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Netbay PCL was 19.88%. The lowest was 1.36%. And the median was 3.69%.
BKK:NETBAY's Earnings Yield (Joel Greenblatt) % is ranked better than 88.11% of 2902
companies
in the Software industry
Industry Median: 1.905
vs BKK:NETBAY: 14.77
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) %. Netbay PCL's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 19.77%. 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.
Netbay PCL Earnings Yield (Joel Greenblatt) % Related Terms
Netbay PCL Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Netbay PCL'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 Software - Application subindustry, Netbay 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.
Netbay PCL Earnings Yield (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Netbay PCL's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Netbay 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.
Netbay PCLs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Netbay 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 ฿286.8 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 8.90% mean?
Netbay PCL (BKK:NETBAY) has a Earnings Yield (Joel Greenblatt) % of 8.90% 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 Netbay PCL and its competitors. This is 141% above median its historical median of 3.69. Over the past decade, Netbay PCL's Earnings Yield (Joel Greenblatt) % has ranged from 1.36 to 19.88. According to the industry distribution chart, Netbay PCL ranks #345 out of 2902 companies in the Software industry, placing it in the top 11.9%.
Is Netbay PCL's Earnings Yield (Joel Greenblatt) % too high?
Netbay PCL's current Earnings Yield (Joel Greenblatt) % of 8.90% is 141% above median its 10-year median of 3.69. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 19.88. The Software industry median Earnings Yield (Joel Greenblatt) % is 1.91. Netbay PCL's value of 8.90% is 367.2% above this industry median. Based on the distribution chart, Netbay PCL ranks #345 out of 2902 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Netbay PCL has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netbay PCL's Earnings Yield (Joel Greenblatt) % compare to UBER and SHOP?
According to the Software industry distribution chart, Netbay PCL ranks #345 out of 2902 companies for Earnings Yield (Joel Greenblatt) %. This places Netbay PCL in the top 12% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 1.91. Netbay PCL's value of 8.90% is 367.2% above this benchmark. Historically, Netbay PCL's own Earnings Yield (Joel Greenblatt) % has ranged from 1.36 to 19.88 over the past decade. While the company's 10-year median is 3.69 vs. the industry median of 1.91, Netbay 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 Software company?
The median Earnings Yield (Joel Greenblatt) % among Software companies is 1.91, based on 2,902 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. Netbay PCL's current Earnings Yield (Joel Greenblatt) % of 8.90% is 367.2% 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 Netbay PCL and its competitors. For the Software industry, the median Earnings Yield (Joel Greenblatt) % is 1.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netbay PCL's current Earnings Yield (Joel Greenblatt) % is 8.90%, which is 141% above median its own 10-year median of 3.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netbay PCL stock overvalued right now?
Based on GuruFocus' analysis, Netbay PCL (BKK:NETBAY) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿21.41, compared to a current price of ฿11.70 — trading 45.4% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 8.90%, which is 141% above median its 10-year median of 3.69 and 367.2% above the Software industry median of 1.91. Netbay PCL's overall GF Score™ is 83/100 with 3 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 Netbay PCL (BKK:NETBAY), the current Earnings Yield (Joel Greenblatt) % is 8.90% 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 Netbay PCL (BKK:NETBAY) Overvalued in 2026?
Based on GuruFocus' analysis, Netbay PCL stock appears to be undervalued.
The current stock price of ฿11.70 is trading 45.4% below its estimated GF Value™ of ฿21.41.
GuruFocus considers Netbay PCL to be Significantly Undervalued.
Key valuation signals for BKK:NETBAY:
Earnings Yield (Joel Greenblatt) %: 8.90% (141% above median its 10-year median of 3.69)
GF Value™: ฿21.41 vs. price of ฿11.70 (45.4% below fair value)
Industry Position: 367.2% above the Software median (#345 of 2902)
No single metric tells the full story. See the BKK:NETBAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netbay PCL is a Thailand-based company engaged in the provision and development of computer software used in the transmission of information electronically. The company creates, designs, and develops a digital business technology platform and omnichannel connectivity gateway. It operates in two segments: The e-Business segment, which develops an e-Business product in the form of services (SaaS: Software As A Service), and the e-Service segment, which rendered an e-Business service for the Business segment to Government (B2G) transaction, and Business segment to Business segment (B2B) transaction. The company operates only in Thailand and generates the majority of its revenue from the e-Business segment.
83GF 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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