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Canaf InvestmentsCAFZF -1.32%57 Earnings Yield (Joel Greenblatt) % is 51.28% as of Apr. 2026, which is 4% below its 10-year median of 53.58. GuruFocus rates CAFZF with a GF Score™ of 57/100 and a GF Value™ of $0.17 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 631 Steel companies, Canaf Investments ranks better than 96.51% on this metric.
Canaf Investments's Enterprise Value for the quarter that ended in Apr. 2026 was $4.98 Mil.
Canaf Investments's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 was $2.48 Mil. Canaf Investments's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2026 was 51.28%.
The historical rank and industry rank for Canaf Investments's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CAFZF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.32 Med: 53.58 Max: 3157.4
Current: 42.19
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Canaf Investments was 3157.40%. The lowest was -18.32%. And the median was 53.58%.
CAFZF's Earnings Yield (Joel Greenblatt) % is ranked better than 96.51% of 631
companies
in the Steel industry
Industry Median: 5.52
vs CAFZF: 42.19
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) %. Canaf Investments's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2026 was 34.36%. 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.
Canaf Investments Earnings Yield (Joel Greenblatt) % Related Terms
Canaf Investments Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Canaf Investments'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.
For the Coking Coal subindustry, Canaf Investments'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.
Canaf Investments Earnings Yield (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Canaf Investments's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Canaf Investments'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.
Canaf Investmentss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Oct. 2025 is calculated as
Canaf Investments's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.48 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 51.28% mean?
Canaf Investments (CAFZF) has a Earnings Yield (Joel Greenblatt) % of 51.28% as of Apr. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Canaf Investments and its competitors. This is near median its historical median of 53.58. According to the industry distribution chart, Canaf Investments ranks #22 out of 631 companies in the Steel industry, placing it in the top 3.5%.
Is Canaf Investments' Earnings Yield (Joel Greenblatt) % too high?
Canaf Investments' current Earnings Yield (Joel Greenblatt) % of 51.28% is near median its 10-year median of 53.58. The Steel industry median Earnings Yield (Joel Greenblatt) % is 5.52. Canaf Investments' value of 51.28% is 829% above this industry median. Based on the distribution chart, Canaf Investments ranks #22 out of 631 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Canaf Investments has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canaf Investments' Earnings Yield (Joel Greenblatt) % compare to HCC and AMR?
According to the Steel industry distribution chart, Canaf Investments ranks #22 out of 631 companies for Earnings Yield (Joel Greenblatt) %. This places Canaf Investments in the top 4% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 5.52. Canaf Investments' value of 51.28% is 829% above this benchmark. While the company's 10-year median is 53.58 vs. the industry median of 5.52, Canaf Investments 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 Steel company?
The median Earnings Yield (Joel Greenblatt) % among Steel companies is 5.52, based on 631 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. Canaf Investments's current Earnings Yield (Joel Greenblatt) % of 51.28% is 829% 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 Canaf Investments and its competitors. For the Steel industry, the median Earnings Yield (Joel Greenblatt) % is 5.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canaf Investments's current Earnings Yield (Joel Greenblatt) % is 51.28%, which is near median its own 10-year median of 53.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canaf Investments stock overvalued right now?
Based on GuruFocus' analysis, Canaf Investments (CAFZF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.17, compared to a current price of $0.23 — trading 32.4% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 51.28%, which is near median its 10-year median of 53.58 and 829% above the Steel industry median of 5.52. Canaf Investments' overall GF Score™ is 57/100 with 1 warning sign 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 Canaf Investments (CAFZF), the current Earnings Yield (Joel Greenblatt) % is 51.28% as of Apr. 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 Canaf Investments (CAFZF) Overvalued in 2026?
Based on GuruFocus' analysis, Canaf Investments stock appears to be overvalued.
The current stock price of $0.23 is trading 32.4% above its estimated GF Value™ of $0.17.
GuruFocus considers Canaf Investments to be Significantly Overvalued.
Key valuation signals for CAFZF:
Earnings Yield (Joel Greenblatt) %: 51.28% (near median its 10-year median of 53.58)
GF Value™: $0.17 vs. price of $0.23 (32.4% above fair value)
Industry Position: 829% above the Steel median (#22 of 631)
No single metric tells the full story. See the CAFZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canaf Investments Inc is a Canadian company that owns and operates a coal processing plant in South Africa that processes coal and coal products into calcine, a coke substitute with high carbon content. The company, through its subsidiaries, produces calcined anthracite used in the manufacturing process of steel and manganese. The company operates in two reportable segments: head office operations in Canada and the coal processing business in South Africa, out of which the majority of revenue comes from South Africa.
57GF Score
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