BRLAF (British Land Co) Earnings Yield (Joel Greenblatt) %: 8.83% (As of Mar. 2026) — 256% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BRLAF British Land Co PLC BRLAF
72 GF Score
Price $5.41
GF Value $5.11
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is British Land Co Earnings Yield (Joel Greenblatt) %?

British Land Co BRLAF 72 Earnings Yield (Joel Greenblatt) % is 8.83% as of Mar. 2026, which is 256% above its 10-year median of 2.48. GuruFocus rates BRLAF with a GF Scoreâ„¢ of 72/100 and a GF Valueâ„¢ of $5.11 (Fairly Valued). The stock has 9 warning signs investors should review. Among 964 REITs companies, British Land Co ranks better than 79.67% on this metric.

British Land Co's Enterprise Value for the quarter that ended in Mar. 2026 was $8,514.8 Mil. British Land Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $767.6 Mil. British Land Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 8.83%.

The historical rank and industry rank for British Land Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

BRLAF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.81   Med: 2.48   Max: 18.2
Current: 7.83

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of British Land Co was 18.20%. The lowest was -18.81%. And the median was 2.48%.

BRLAF's Earnings Yield (Joel Greenblatt) % is ranked better than
79.67% of 964 companies
in the REITs industry
Industry Median: 3.48 vs BRLAF: 7.83

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) %. British Land Co'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.


British Land Co  (OTCPK:BRLAF) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


British Land Co Earnings Yield (Joel Greenblatt) % Related Terms


British Land Co Earnings Yield (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for British Land Co'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.

British Land Co Earnings Yield (Joel Greenblatt) % Chart

British Land Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.83 -16.08 2.06 7.01 8.83

British Land Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.06 0.00 7.01 0.00 8.83

BRLAF vs VICI, WPC: Earnings Yield (Joel Greenblatt) % Comparison

For the REIT - Diversified subindustry, British Land Co'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.


British Land Co Earnings Yield (Joel Greenblatt) % vs REITs Industry

For the REITs industry and Real Estate sector, British Land Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where British Land Co's Earnings Yield (Joel Greenblatt) % falls into.


BRLAF
72GF Score
British Land Co PLC BRLAF
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

British Land Co 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.

British Land Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=762.667/8514.84895
=8.96 %

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 8.83% mean?
British Land Co (BRLAF) has a Earnings Yield (Joel Greenblatt) % of 8.83% 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 British Land Co and its competitors. This is 256% above median its historical median of 2.48. According to the industry distribution chart, British Land Co ranks #196 out of 964 companies in the REITs industry, placing it in the top 20.3%.
Is British Land Co's Earnings Yield (Joel Greenblatt) % too high?
British Land Co's current Earnings Yield (Joel Greenblatt) % of 8.83% is 256% above median its 10-year median of 2.48. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.48. British Land Co's value of 8.83% is 153.7% above this industry median. Based on the distribution chart, British Land Co ranks #196 out of 964 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, British Land Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does British Land Co's Earnings Yield (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, British Land Co ranks #196 out of 964 companies for Earnings Yield (Joel Greenblatt) %. This places British Land Co in the top 20% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 3.48. British Land Co's value of 8.83% is 153.7% above this benchmark. While the company's 10-year median is 2.48 vs. the industry median of 3.48, British Land Co 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 3.48, based on 964 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. British Land Co's current Earnings Yield (Joel Greenblatt) % of 8.83% is 153.7% 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 British Land Co and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. British Land Co's current Earnings Yield (Joel Greenblatt) % is 8.83%, which is 256% above median its own 10-year median of 2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is British Land Co stock overvalued right now?
Based on GuruFocus' analysis, British Land Co (BRLAF) is currently considered Fairly Valued. The stock's GF Value™ is $5.11, compared to a current price of $5.41 — trading 5.9% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 8.83%, which is 256% above median its 10-year median of 2.48 and 153.7% above the REITs industry median of 3.48. British Land Co's overall GF Score™ is 72/100 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 British Land Co (BRLAF), the current Earnings Yield (Joel Greenblatt) % is 8.83% 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 British Land Co (BRLAF) Overvalued in 2026?

Based on GuruFocus' analysis, British Land Co stock appears to be overvalued. The current stock price of $5.41 is trading 5.9% above its estimated GF Value™ of $5.11. GuruFocus considers British Land Co to be Fairly Valued.

Key valuation signals for BRLAF:

  • Earnings Yield (Joel Greenblatt) %: 8.83% (256% above median its 10-year median of 2.48)
  • GF Value™: $5.11 vs. price of $5.41 (5.9% above fair value)
  • GF Score™: 72/100 with 9 warning signs
  • Industry Position: 153.7% above the REITs median (#196 of 964)

No single metric tells the full story. See the BRLAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


British Land Co Business Description

Industry Real EstateREITs
Address 45 Seymour Street, York House, London, GBR, W1H 7LX
British Land Co PLC is a diversified real estate business focused on owning and managing high-quality UK commercial property. The company's portfolio is concentrated in office-led campuses in Central London and retail parks across the UK, while also including shopping centres, other retail assets, and London urban logistics sites. It leverages its development, asset management and property management expertise to create and manage commercial real estate assets. The business operates through two segments: Campuses, comprising Broadgate, Regent's Place, Paddington Central and other campuses, and Retail & London Urban Logistics, comprising retail parks, shopping centres and other retail assets, and London urban logistics sites.
72GF Score

Get the complete analysis for BRLAF

Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.41
Price
$5.11
GF Value