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Itausa Investimentos ITAUBSP:ITSA3 -1.83%60 Earnings Yield (Joel Greenblatt) % is 11.16% as of Mar. 2026, which is 1% above its 10-year median of 11.07. GuruFocus rates BSP:ITSA3 with a GF Score™ of 60/100 and a GF Value™ of R$10.20 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 566 Conglomerates companies, Itausa Investimentos ITAU ranks better than 74.73% on this metric.
Itausa Investimentos ITAU's Enterprise Value for the quarter that ended in Mar. 2026 was R$165,453 Mil.
Itausa Investimentos ITAU's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was R$18,473 Mil. Itausa Investimentos ITAU's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 11.16%.
The historical rank and industry rank for Itausa Investimentos ITAU's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BSP:ITSA3'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.14 Med: 11.07 Max: 22.83
Current: 11.64
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Itausa Investimentos ITAU was 22.83%. The lowest was 5.14%. And the median was 11.07%.
BSP:ITSA3's Earnings Yield (Joel Greenblatt) % is ranked better than 74.73% of 566
companies
in the Conglomerates industry
Industry Median: 6.5
vs BSP:ITSA3: 11.64
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) %. Itausa Investimentos ITAU's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 8.23%. 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.
Itausa Investimentos ITAU Earnings Yield (Joel Greenblatt) % Related Terms
Itausa Investimentos ITAU Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Itausa Investimentos ITAU'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.
BSP:ITSA3 vs MMM, HON: Earnings Yield (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Itausa Investimentos ITAU'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.
Itausa Investimentos ITAU Earnings Yield (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Itausa Investimentos ITAU's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Itausa Investimentos ITAU's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Itausa Investimentos ITAUs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Itausa Investimentos ITAU'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 R$18,473 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 11.16% mean?
Itausa Investimentos ITAU (BSP:ITSA3) has a Earnings Yield (Joel Greenblatt) % of 11.16% 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 Itausa Investimentos ITAU and its competitors. This is near median its historical median of 11.07. Over the past decade, Itausa Investimentos ITAU's Earnings Yield (Joel Greenblatt) % has ranged from 5.14 to 22.83. According to the industry distribution chart, Itausa Investimentos ITAU ranks #143 out of 566 companies in the Conglomerates industry, placing it in the top 25.3%.
Is Itausa Investimentos ITAU's Earnings Yield (Joel Greenblatt) % too high?
Itausa Investimentos ITAU's current Earnings Yield (Joel Greenblatt) % of 11.16% is near median its 10-year median of 11.07. Over the past 10 years, this metric has ranged from a low of 5.14 to a high of 22.83. The Conglomerates industry median Earnings Yield (Joel Greenblatt) % is 6.50. Itausa Investimentos ITAU's value of 11.16% is 71.7% above this industry median. Based on the distribution chart, Itausa Investimentos ITAU ranks #143 out of 566 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Itausa Investimentos ITAU has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itausa Investimentos ITAU's Earnings Yield (Joel Greenblatt) % compare to MMM and HON?
According to the Conglomerates industry distribution chart, Itausa Investimentos ITAU ranks #143 out of 566 companies for Earnings Yield (Joel Greenblatt) %. This puts Itausa Investimentos ITAU in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.50. Itausa Investimentos ITAU's value of 11.16% is 71.7% above this benchmark. Historically, Itausa Investimentos ITAU's own Earnings Yield (Joel Greenblatt) % has ranged from 5.14 to 22.83 over the past decade. While the company's 10-year median is 11.07 vs. the industry median of 6.50, Itausa Investimentos ITAU 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 Conglomerates company?
The median Earnings Yield (Joel Greenblatt) % among Conglomerates companies is 6.50, based on 566 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. Itausa Investimentos ITAU's current Earnings Yield (Joel Greenblatt) % of 11.16% is 71.7% 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 Itausa Investimentos ITAU and its competitors. For the Conglomerates industry, the median Earnings Yield (Joel Greenblatt) % is 6.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Itausa Investimentos ITAU's current Earnings Yield (Joel Greenblatt) % is 11.16%, which is near median its own 10-year median of 11.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itausa Investimentos ITAU stock overvalued right now?
Based on GuruFocus' analysis, Itausa Investimentos ITAU (BSP:ITSA3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$10.20, compared to a current price of R$13.40 — trading 31.4% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 11.16%, which is near median its 10-year median of 11.07 and 71.7% above the Conglomerates industry median of 6.50. Itausa Investimentos ITAU's overall GF Score™ is 60/100 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 Itausa Investimentos ITAU (BSP:ITSA3), the current Earnings Yield (Joel Greenblatt) % is 11.16% 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 Itausa Investimentos ITAU (BSP:ITSA3) Overvalued in 2026?
Based on GuruFocus' analysis, Itausa Investimentos ITAU stock appears to be overvalued.
The current stock price of R$13.40 is trading 31.4% above its estimated GF Value™ of R$10.20.
GuruFocus considers Itausa Investimentos ITAU to be Significantly Overvalued.
Key valuation signals for BSP:ITSA3:
Earnings Yield (Joel Greenblatt) %: 11.16% (near median its 10-year median of 11.07)
GF Value™: R$10.20 vs. price of R$13.40 (31.4% above fair value)
Industry Position: 71.7% above the Conglomerates median (#143 of 566)
No single metric tells the full story. See the BSP:ITSA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Itausa Investimentos ITAU SA is a Brazilian investment holding company. The purpose of the company is to hold equity interests in other companies, in Brazil or abroad, for investment in any sectors of the economy, including through investment funds, disseminating among its investees its principles of appreciation of human capital, governance, and ethics in business. Its portfolio consists of brands such as Itau Unibanco, Motiva, Alpargatas, Aegea, Copa Energia, and Nova Transportadora do Sudeste (NTS). The majority of the revenue for the company is generated from Itau Unibanco, which is a banking institution that offers, directly or using its subsidiaries, a broad range of credit products and other financial services to a diversified individual & corporate client base in Brazil and abroad.
60GF Score
Get the complete analysis for BSP:ITSA3
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