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BSP:PNPR11's Earnings Yield (Joel Greenblatt) % is ranked worse than 91.53% of 956
companies
in the REITs industry
Industry Median: 3.51
vs BSP:PNPR11: -1.11
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) %. Panorama Properties Fundo De Investimento Imobiliario's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 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.
Panorama Properties Fundo De Investimento Imobiliario Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Earnings Yield (Joel Greenblatt) %
0.00
7.27
5.70
-0.54
Panorama Properties Fundo De Investimento Imobiliario Semi-Annual Data
Dec21
Dec22
Dec23
Dec24
Earnings Yield (Joel Greenblatt) %
0.00
7.27
5.70
-0.54
BSP:PNPR11 vs VICI, WPC: Earnings Yield (Joel Greenblatt) % Comparison
For the REIT - Diversified subindustry, Panorama Properties Fundo De Investimento Imobiliario'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.
Panorama Properties Fundo De Investimento Imobiliario 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 -0.54% mean?
Panorama Properties Fundo De Investimento Imobiliario (BSP:PNPR11) has a Earnings Yield (Joel Greenblatt) % of -0.54% as of Dec. 2024. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Panorama Properties Fundo De Investimento Imobiliario and its competitors. According to the industry distribution chart, Panorama Properties Fundo De Investimento Imobiliario ranks #875 out of 956 companies in the REITs industry, placing it in the top 91.5%.
Is Panorama Properties Fundo De Investimento Imobiliario's Earnings Yield (Joel Greenblatt) % too high?
Panorama Properties Fundo De Investimento Imobiliario's current Earnings Yield (Joel Greenblatt) % is -0.54%. Based on the distribution chart, Panorama Properties Fundo De Investimento Imobiliario ranks #875 out of 956 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Panorama Properties Fundo De Investimento Imobiliario has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Panorama Properties Fundo De Investimento Imobiliario's Earnings Yield (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, Panorama Properties Fundo De Investimento Imobiliario ranks #875 out of 956 companies for Earnings Yield (Joel Greenblatt) %. This places Panorama Properties Fundo De Investimento Imobiliario in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.51. 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 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. 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 Panorama Properties Fundo De Investimento Imobiliario 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. Panorama Properties Fundo De Investimento Imobiliario's current Earnings Yield (Joel Greenblatt) % is -0.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panorama Properties Fundo De Investimento Imobiliario stock overvalued right now?
Panorama Properties Fundo De Investimento Imobiliario (BSP:PNPR11) has a current Earnings Yield (Joel Greenblatt) % of -0.54%. The current Earnings Yield (Joel Greenblatt) % is -0.54%. Panorama Properties Fundo De Investimento Imobiliario's overall GF Score™ is 31/100 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 Panorama Properties Fundo De Investimento Imobiliario (BSP:PNPR11), the current Earnings Yield (Joel Greenblatt) % is -0.54% as of Dec. 2024. 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.
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