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.
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.
BSP:ABCP11's Earnings Yield (Joel Greenblatt) % is ranked better than 87.16% of 958
companies
in the REITs industry
Industry Median: 3.43
vs BSP:ABCP11: 10.51
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) %. Fundo Invest Imobiliario Grand Plaza Shopping's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 was 23.32%. 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.
Fundo Invest Imobiliario Grand Plaza Shopping (BSP:ABCP11) 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.
* 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.
Fundo Invest Imobiliario Grand Plaza Shopping Earnings Yield (Joel Greenblatt) % Chart
Fundo Invest Imobiliario Grand Plaza Shopping Annual Data
BSP:ABCP11 vs SPG, O, KIM: Earnings Yield (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Fundo Invest Imobiliario Grand Plaza Shopping'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.
Fundo Invest Imobiliario Grand Plaza Shopping Earnings Yield (Joel Greenblatt) % vs REITs Industry
Fundo Invest Imobiliario Grand Plaza Shopping 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.
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 9.62% mean?
Fundo Invest Imobiliario Grand Plaza Shopping (BSP:ABCP11) has a Earnings Yield (Joel Greenblatt) % of 9.62% as of Dec. 2025. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Fundo Invest Imobiliario Grand Plaza Shopping and its competitors. This is 36% above median its historical median of 7.07. Over the past decade, Fundo Invest Imobiliario Grand Plaza Shopping's Earnings Yield (Joel Greenblatt) % has ranged from 3.48 to 10.88. According to the industry distribution chart, Fundo Invest Imobiliario Grand Plaza Shopping ranks #123 out of 958 companies in the REITs industry, placing it in the top 12.8%.
Is Fundo Invest Imobiliario Grand Plaza Shopping's Earnings Yield (Joel Greenblatt) % too high?
Fundo Invest Imobiliario Grand Plaza Shopping's current Earnings Yield (Joel Greenblatt) % of 9.62% is 36% above median its 10-year median of 7.07. Over the past 10 years, this metric has ranged from a low of 3.48 to a high of 10.88. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.43. Fundo Invest Imobiliario Grand Plaza Shopping's value of 9.62% is 180.5% above this industry median. Based on the distribution chart, Fundo Invest Imobiliario Grand Plaza Shopping ranks #123 out of 958 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Fundo Invest Imobiliario Grand Plaza Shopping has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fundo Invest Imobiliario Grand Plaza Shopping's Earnings Yield (Joel Greenblatt) % compare to SPG and O?
According to the REITs industry distribution chart, Fundo Invest Imobiliario Grand Plaza Shopping ranks #123 out of 958 companies for Earnings Yield (Joel Greenblatt) %. This places Fundo Invest Imobiliario Grand Plaza Shopping in the top 13% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 3.43. Fundo Invest Imobiliario Grand Plaza Shopping's value of 9.62% is 180.5% above this benchmark. Historically, Fundo Invest Imobiliario Grand Plaza Shopping's own Earnings Yield (Joel Greenblatt) % has ranged from 3.48 to 10.88 over the past decade. While the company's 10-year median is 7.07 vs. the industry median of 3.43, Fundo Invest Imobiliario Grand Plaza Shopping 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 3.43, based on 958 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. Fundo Invest Imobiliario Grand Plaza Shopping's current Earnings Yield (Joel Greenblatt) % of 9.62% is 180.5% 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 Fundo Invest Imobiliario Grand Plaza Shopping and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo Invest Imobiliario Grand Plaza Shopping's current Earnings Yield (Joel Greenblatt) % is 9.62%, which is 36% above median its own 10-year median of 7.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo Invest Imobiliario Grand Plaza Shopping stock overvalued right now?
Based on GuruFocus' analysis, Fundo Invest Imobiliario Grand Plaza Shopping (BSP:ABCP11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$85.18, compared to a current price of R$73.67 — trading 13.5% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 9.62%, which is 36% above median its 10-year median of 7.07 and 180.5% above the REITs industry median of 3.43. Fundo Invest Imobiliario Grand Plaza Shopping's overall GF Score™ is 63/100 with 2 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 Fundo Invest Imobiliario Grand Plaza Shopping (BSP:ABCP11), the current Earnings Yield (Joel Greenblatt) % is 9.62% as of Dec. 2025. 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 Fundo Invest Imobiliario Grand Plaza Shopping (BSP:ABCP11) Overvalued in 2026?
Based on GuruFocus' analysis, Fundo Invest Imobiliario Grand Plaza Shopping stock appears to be undervalued.
The current stock price of R$73.67 is trading 13.5% below its estimated GF Value™ of R$85.18.
GuruFocus considers Fundo Invest Imobiliario Grand Plaza Shopping to be Modestly Undervalued.
Key valuation signals for BSP:ABCP11:
Earnings Yield (Joel Greenblatt) %: 9.62% (36% above median its 10-year median of 7.07)
GF Value™: R$85.18 vs. price of R$73.67 (13.5% below fair value)
Industry Position: 180.5% above the REITs median (#123 of 958)
No single metric tells the full story. See the BSP:ABCP11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:ABCP11 has been successfully added to your 
