Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) Earnings Yield (Joel Greenblatt) %: 19.19% (As of Dec. 2025)— Near Median
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BSP:MFII11's Earnings Yield (Joel Greenblatt) % is ranked better than 99.58% of 956
companies
in the REITs industry
Industry Median: 3.46
vs BSP:MFII11: 131.21
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.
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) 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.
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Earnings Yield (Joel Greenblatt) % Chart
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Earnings Yield (Joel Greenblatt) %
-2.16
19.42
38.46
10.37
19.19
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Semi-Annual Data
Dec21
Dec22
Dec23
Dec24
Dec25
Earnings Yield (Joel Greenblatt) %
0.00
19.42
38.46
10.37
19.19
BSP:MFII11 vs VICI, WPC: Earnings Yield (Joel Greenblatt) % Comparison
* 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.
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario Earnings Yield (Joel Greenblatt) % vs REITs Industry
* The bar in red indicates where Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Earnings Yield (Joel Greenblatt) % falls into.
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario 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 19.19% mean?
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) has a Earnings Yield (Joel Greenblatt) % of 19.19% 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 Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario and its competitors. This is near median its historical median of 19.07. According to the industry distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #4 out of 956 companies in the REITs industry, placing it in the top 0.40000000000001%.
Is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Earnings Yield (Joel Greenblatt) % too high?
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current Earnings Yield (Joel Greenblatt) % of 19.19% is near median its 10-year median of 19.07. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.46. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's value of 19.19% is 454.6% above this industry median. Based on the distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #4 out of 956 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario has a GF Score™ of 42/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's Earnings Yield (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario ranks #4 out of 956 companies for Earnings Yield (Joel Greenblatt) %. This places Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario in the top 0% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 3.46. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's value of 19.19% is 454.6% above this benchmark. While the company's 10-year median is 19.07 vs. the industry median of 3.46, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario 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. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current Earnings Yield (Joel Greenblatt) % of 19.19% is 454.6% 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 Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario 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. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's current Earnings Yield (Joel Greenblatt) % is 19.19%, which is near median its own 10-year median of 19.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$34.36, compared to a current price of R$30.66 — trading 10.8% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 19.19%, which is near median its 10-year median of 19.07 and 454.6% above the REITs industry median of 3.46. Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario's overall GF Score™ is 42/100 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 Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11), the current Earnings Yield (Joel Greenblatt) % is 19.19% 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 Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario (BSP:MFII11) Overvalued in 2026?
Based on GuruFocus' analysis, Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario stock appears to be undervalued.
The current stock price of R$30.66 is trading 10.8% below its estimated GF Value™ of R$34.36.
GuruFocus considers Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario to be Modestly Undervalued.
Key valuation signals for BSP:MFII11:
Earnings Yield (Joel Greenblatt) %: 19.19% (near median its 10-year median of 19.07)
GF Value™: R$34.36 vs. price of R$30.66 (10.8% below fair value)
Industry Position: 454.6% above the REITs median (#4 of 956)
No single metric tells the full story. See the BSP:MFII11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merito Desenvolvimento Imobiliario I FII Fundo de Investimento Imobiliario is a real estate investment trust. It is engaged in the acquisition of interests in real estate development projects developed in partnership with developers.
42GF Score
Get the complete analysis for BSP:MFII11
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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