Thai Solar Energy PCLBKK:TSE-R 42 Earnings Yield (Joel Greenblatt) % is 5.51% as of Mar. 2026, which is 14% above its 10-year median of 4.85. GuruFocus rates BKK:TSE-R with a GF Score™ of 42/100 and a GF Value™ of ฿0.68. The stock has 5 warning signs investors should review. Among 479 Utilities - Independent Power Producers companies, Thai Solar Energy PCL ranks better than 62.63% on this metric.
Thai Solar Energy PCL's Enterprise Value for the quarter that ended in Mar. 2026 was ฿3,783 Mil.
Thai Solar Energy PCL's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ฿223 Mil. Thai Solar Energy PCL's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 5.51%.
The historical rank and industry rank for Thai Solar Energy PCL's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BKK:TSE-R'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -15.47 Med: 4.85 Max: 7.29
Current: 5.34
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Thai Solar Energy PCL was 7.29%. The lowest was -15.47%. And the median was 4.85%.
BKK:TSE-R's Earnings Yield (Joel Greenblatt) % is ranked better than 62.63% of 479
companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.28
vs BKK:TSE-R: 5.34
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) %. Thai Solar Energy PCL's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 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.
Thai Solar Energy PCL (BKK:TSE-R) Earnings Yield (Joel Greenblatt) % Explanation
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.
Thai Solar Energy PCL Earnings Yield (Joel Greenblatt) % Related Terms
Thai Solar Energy PCL Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Thai Solar Energy 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.
Thai Solar Energy PCL Earnings Yield (Joel Greenblatt) % Chart
Thai Solar Energy PCL Earnings Yield (Joel Greenblatt) % Competitor Comparison
For the Utilities - Renewable subindustry, Thai Solar Energy 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.
Thai Solar Energy PCL Earnings Yield (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Thai Solar Energy PCL's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Thai Solar Energy PCL's Earnings Yield (Joel Greenblatt) % falls into.
Thai Solar Energy PCL Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Thai Solar Energy PCLs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Thai Solar Energy 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 ฿223 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 5.51% mean?
Thai Solar Energy PCL (BKK:TSE-R) has a Earnings Yield (Joel Greenblatt) % of 5.51% 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 Thai Solar Energy PCL and its competitors. This is 14% above median its historical median of 4.85. According to the industry distribution chart, Thai Solar Energy PCL ranks #179 out of 479 companies in the Utilities - Independent Power Producers industry, placing it in the top 37.4%.
Is Thai Solar Energy PCL's Earnings Yield (Joel Greenblatt) % too high?
Thai Solar Energy PCL's current Earnings Yield (Joel Greenblatt) % of 5.51% is 14% above median its 10-year median of 4.85. The Utilities - Independent Power Producers industry median Earnings Yield (Joel Greenblatt) % is 3.28. Thai Solar Energy PCL's value of 5.51% is 68% above this industry median. Based on the distribution chart, Thai Solar Energy PCL ranks #179 out of 479 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Thai Solar Energy PCL has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Thai Solar Energy PCL's Earnings Yield (Joel Greenblatt) % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Thai Solar Energy PCL ranks #179 out of 479 companies for Earnings Yield (Joel Greenblatt) %. This puts Thai Solar Energy PCL in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.28. Thai Solar Energy PCL's value of 5.51% is 68% above this benchmark. While the company's 10-year median is 4.85 vs. the industry median of 3.28, Thai Solar Energy 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 an Utilities - Independent Power Producers company?
The median Earnings Yield (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 3.28, based on 479 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. Thai Solar Energy PCL's current Earnings Yield (Joel Greenblatt) % of 5.51% is 68% 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 Thai Solar Energy PCL and its competitors. For the Utilities - Independent Power Producers industry, the median Earnings Yield (Joel Greenblatt) % is 3.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Solar Energy PCL's current Earnings Yield (Joel Greenblatt) % is 5.51%, which is 14% above median its own 10-year median of 4.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Solar Energy PCL stock overvalued right now?
Thai Solar Energy PCL (BKK:TSE-R) has a current Earnings Yield (Joel Greenblatt) % of 5.51%. The stock's GF Value™ is ฿0.68, compared to a current price of ฿0.61 — trading 10.9% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.51%, which is 14% above median its 10-year median of 4.85 and 68% above the Utilities - Independent Power Producers industry median of 3.28. Thai Solar Energy PCL's overall GF Score™ is 42/100 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 Thai Solar Energy PCL (BKK:TSE-R), the current Earnings Yield (Joel Greenblatt) % is 5.51% 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 Thai Solar Energy PCL (BKK:TSE-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Solar Energy PCL stock appears to be undervalued.
The current stock price of ฿0.61 is trading 10.9% below its estimated GF Value™ of ฿0.68.
Key valuation signals for BKK:TSE-R:
Earnings Yield (Joel Greenblatt) %: 5.51% (14% above median its 10-year median of 4.85)
GF Value™: ฿0.68 vs. price of ฿0.61 (10.9% below fair value)
Industry Position: 68% above the Utilities - Independent Power Producers median (#179 of 479)
No single metric tells the full story. See the BKK:TSE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Solar Energy PCL is engaged in the generation and distribution of electricity from solar power to the government and private sector. The company has its operational footprints in Thailand and Japan. Its operating segments are Domestic and International of which, the company generates a majority of its revenue from the Domestic segment. The firm's projects are Solar PV Farms Thailand, Solar PV Farms Japan, Solar PV Rooftop Plants Thailand and Biomass Power Plants.
42GF Score
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