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BSP:APXM11's Earnings Yield (Joel Greenblatt) % is ranked better than 65.17% of 956
companies
in the REITs industry
Industry Median: 3.46
vs BSP:APXM11: 5.40
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 DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 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.
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 DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Earnings Yield (Joel Greenblatt) %
0.00
3.25
3.19
3.73
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Semi-Annual Data
Dec22
Dec23
Dec24
Dec25
Earnings Yield (Joel Greenblatt) %
0.00
3.25
3.19
3.73
BSP:APXM11 vs SPG, O, KIM: Earnings Yield (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII'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 DE INVESTIMENTO IMOBILIARIO APEX MALLS FII Earnings Yield (Joel Greenblatt) % vs REITs Industry
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 3.73% mean?
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII (BSP:APXM11) has a Earnings Yield (Joel Greenblatt) % of 3.73% 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 DE INVESTIMENTO IMOBILIARIO APEX MALLS FII and its competitors. This is near median its historical median of 3.60. Over the past decade, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Earnings Yield (Joel Greenblatt) % has ranged from 3.02 to 5.40. According to the industry distribution chart, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII ranks #333 out of 956 companies in the REITs industry, placing it in the top 34.8%.
Is FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Earnings Yield (Joel Greenblatt) % too high?
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's current Earnings Yield (Joel Greenblatt) % of 3.73% is near median its 10-year median of 3.60. Over the past 10 years, this metric has ranged from a low of 3.02 to a high of 5.40. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.46. FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's value of 3.73% is 7.8% above this industry median. Based on the distribution chart, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII ranks #333 out of 956 companies in the REITs industry, which is above the industry midpoint. Overall, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII has a GF Scoreâ„¢ of 14/100, reflecting its overall financial health beyond just this single metric.
How does FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's Earnings Yield (Joel Greenblatt) % compare to SPG and O?
According to the REITs industry distribution chart, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII ranks #333 out of 956 companies for Earnings Yield (Joel Greenblatt) %. This puts FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.46. FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's value of 3.73% is 7.8% above this benchmark. Historically, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's own Earnings Yield (Joel Greenblatt) % has ranged from 3.02 to 5.40 over the past decade. While the company's 10-year median is 3.60 vs. the industry median of 3.46, FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII 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 3.46, based on 956 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 DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's current Earnings Yield (Joel Greenblatt) % of 3.73% is 7.8% 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 DE INVESTIMENTO IMOBILIARIO APEX MALLS FII and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's current Earnings Yield (Joel Greenblatt) % is 3.73%, which is near median its own 10-year median of 3.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII stock overvalued right now?
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII (BSP:APXM11) has a current Earnings Yield (Joel Greenblatt) % of 3.73%. The current Earnings Yield (Joel Greenblatt) % is 3.73%, which is near median its 10-year median of 3.60 and 7.8% above the REITs industry median of 3.46. FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII's overall GF Score™ is 14/100 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 DE INVESTIMENTO IMOBILIARIO APEX MALLS FII (BSP:APXM11), the current Earnings Yield (Joel Greenblatt) % is 3.73% 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.
FUNDO DE INVESTIMENTO IMOBILIARIO APEX MALLS FII was established as a condominium. The Fund's objective is to invest in real estate ventures, in completed properties, land, or properties under construction intended for exploitation of commercial activities, especially, but not limited to, shopping centers.
14GF Score
Get the complete analysis for BSP:APXM11
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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