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BSP:BPML11's Earnings Yield (Joel Greenblatt) % is ranked better than 96.46% of 960
companies
in the REITs industry
Industry Median: 3.51
vs BSP:BPML11: 21.10
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 BTG Pactual Shoppings's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
BSP:BPML11 vs SPG, O, KIM: Earnings Yield (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Fundo DE Investimento Imobiliario BTG Pactual Shoppings'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 BTG Pactual Shoppings 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 22.57% mean?
Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11) has a Earnings Yield (Joel Greenblatt) % of 22.57% as of Jun. 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 BTG Pactual Shoppings and its competitors. This is 18% above median its historical median of 19.19. According to the industry distribution chart, Fundo DE Investimento Imobiliario BTG Pactual Shoppings ranks #34 out of 960 companies in the REITs industry, placing it in the top 3.5%.
Is Fundo DE Investimento Imobiliario BTG Pactual Shoppings' Earnings Yield (Joel Greenblatt) % too high?
Fundo DE Investimento Imobiliario BTG Pactual Shoppings' current Earnings Yield (Joel Greenblatt) % of 22.57% is 18% above median its 10-year median of 19.19. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.51. Fundo DE Investimento Imobiliario BTG Pactual Shoppings' value of 22.57% is 543% above this industry median. Based on the distribution chart, Fundo DE Investimento Imobiliario BTG Pactual Shoppings ranks #34 out of 960 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Fundo DE Investimento Imobiliario BTG Pactual Shoppings has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fundo DE Investimento Imobiliario BTG Pactual Shoppings' Earnings Yield (Joel Greenblatt) % compare to SPG and O?
According to the REITs industry distribution chart, Fundo DE Investimento Imobiliario BTG Pactual Shoppings ranks #34 out of 960 companies for Earnings Yield (Joel Greenblatt) %. This places Fundo DE Investimento Imobiliario BTG Pactual Shoppings in the top 4% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 3.51. Fundo DE Investimento Imobiliario BTG Pactual Shoppings' value of 22.57% is 543% above this benchmark. While the company's 10-year median is 19.19 vs. the industry median of 3.51, Fundo DE Investimento Imobiliario BTG Pactual Shoppings 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 3.51, based on 960 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 BTG Pactual Shoppings's current Earnings Yield (Joel Greenblatt) % of 22.57% is 543% 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 BTG Pactual Shoppings and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo DE Investimento Imobiliario BTG Pactual Shoppings's current Earnings Yield (Joel Greenblatt) % is 22.57%, which is 18% above median its own 10-year median of 19.19. 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 BTG Pactual Shoppings stock overvalued right now?
Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11) is currently considered Significantly Overvalued. The stock's GF Value™ is R$30.78, compared to a current price of R$83.63 — trading 171.7% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 22.57%, which is 18% above median its 10-year median of 19.19 and 543% above the REITs industry median of 3.51. Fundo DE Investimento Imobiliario BTG Pactual Shoppings' overall GF Score™ is 57/100 with 4 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 BTG Pactual Shoppings (BSP:BPML11), the current Earnings Yield (Joel Greenblatt) % is 22.57% as of Jun. 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 DE Investimento Imobiliario BTG Pactual Shoppings (BSP:BPML11) Overvalued in 2026?
Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario BTG Pactual Shoppings stock appears to be overvalued.
The current stock price of R$83.63 is trading 171.7% above its estimated GF Value™ of R$30.78.
GuruFocus considers Fundo DE Investimento Imobiliario BTG Pactual Shoppings to be Significantly Overvalued.
Key valuation signals for BSP:BPML11:
Earnings Yield (Joel Greenblatt) %: 22.57% (18% above median its 10-year median of 19.19)
GF Value™: R$30.78 vs. price of R$83.63 (171.7% above fair value)
Industry Position: 543% above the REITs median (#34 of 960)
No single metric tells the full story. See the BSP:BPML11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fundo DE Investimento Imobiliario BTG Pactual Shoppings is a closed-end fund. The purpose of this asset class is to provide shareholders with appreciation and profitability of their shares, through investment in real estate ventures, through the acquisition of completed and constructed real estate developments, land, or buildings under construction, intended for institutional use or commercial.
57GF Score
Get the complete analysis for BSP:BPML11
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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