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Vonovia SECHIX:VNAD 58 Earnings Yield (Joel Greenblatt) % is 6.81% as of Jun. 2026, which is 35% below its 10-year median of 10.53. GuruFocus rates CHIX:VNAD with a GF Score™ of 58/100 and a GF Value™ of €20.98 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,829 Real Estate companies, Vonovia SE ranks better than 61.02% on this metric.
Vonovia SE's Enterprise Value for the quarter that ended in Jun. 2026 was €62,662 Mil.
Vonovia SE's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €4,333 Mil. Vonovia SE's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 6.81%.
The historical rank and industry rank for Vonovia SE's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CHIX:VNAd'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -39.09 Med: 10.53 Max: 36.66
Current: 6.95
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Vonovia SE was 36.66%. The lowest was -39.09%. And the median was 10.53%.
CHIX:VNAd's Earnings Yield (Joel Greenblatt) % is ranked better than 61.02% of 1829
companies
in the Real Estate industry
Industry Median: 5.03
vs CHIX:VNAd: 6.95
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) %. Vonovia SE's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 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.
Vonovia SE (CHIX:VNAd) 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.
Vonovia SE Earnings Yield (Joel Greenblatt) % Related Terms
Vonovia SE Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Vonovia SE'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.
Vonovia SE Earnings Yield (Joel Greenblatt) % Chart
For the Real Estate Services subindustry, Vonovia SE'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.
Vonovia SE Earnings Yield (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Vonovia SE's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Vonovia SE's Earnings Yield (Joel Greenblatt) % falls into.
Vonovia SE 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.
Vonovia SEs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Vonovia SE's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €4,333 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 6.81% mean?
Vonovia SE (CHIX:VNAD) has a Earnings Yield (Joel Greenblatt) % of 6.81% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Vonovia SE and its competitors. This is 35% below median its historical median of 10.53. According to the industry distribution chart, Vonovia SE ranks #713 out of 1829 companies in the Real Estate industry, placing it in the top 39%.
Is Vonovia SE's Earnings Yield (Joel Greenblatt) % too high?
Vonovia SE's current Earnings Yield (Joel Greenblatt) % of 6.81% is 35% below median its 10-year median of 10.53. The Real Estate industry median Earnings Yield (Joel Greenblatt) % is 5.03. Vonovia SE's value of 6.81% is 35.4% above this industry median. Based on the distribution chart, Vonovia SE ranks #713 out of 1829 companies in the Real Estate industry, which is above the industry midpoint. Overall, Vonovia SE has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vonovia SE's Earnings Yield (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Vonovia SE ranks #713 out of 1829 companies for Earnings Yield (Joel Greenblatt) %. This puts Vonovia SE in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.03. Vonovia SE's value of 6.81% is 35.4% above this benchmark. While the company's 10-year median is 10.53 vs. the industry median of 5.03, Vonovia SE 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 Real Estate company?
The median Earnings Yield (Joel Greenblatt) % among Real Estate companies is 5.03, based on 1,829 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. Vonovia SE's current Earnings Yield (Joel Greenblatt) % of 6.81% is 35.4% 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 Vonovia SE and its competitors. For the Real Estate industry, the median Earnings Yield (Joel Greenblatt) % is 5.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vonovia SE's current Earnings Yield (Joel Greenblatt) % is 6.81%, which is 35% below median its own 10-year median of 10.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vonovia SE stock overvalued right now?
Based on GuruFocus' analysis, Vonovia SE (CHIX:VNAD) is currently considered Fairly Valued. The stock's GF Value™ is €20.98, compared to a current price of €20.85 — trading 0.6% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 6.81%, which is 35% below median its 10-year median of 10.53 and 35.4% above the Real Estate industry median of 5.03. Vonovia SE's overall GF Score™ is 58/100 with 6 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 Vonovia SE (CHIX:VNAD), the current Earnings Yield (Joel Greenblatt) % is 6.81% as of Jun. 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 Vonovia SE (CHIX:VNAD) Overvalued in 2026?
Based on GuruFocus' analysis, Vonovia SE stock appears to be undervalued.
The current stock price of €20.85 is trading 0.6% below its estimated GF Value™ of €20.98.
GuruFocus considers Vonovia SE to be Fairly Valued.
Key valuation signals for CHIX:VNAD:
Earnings Yield (Joel Greenblatt) %: 6.81% (35% below median its 10-year median of 10.53)
GF Value™: €20.98 vs. price of €20.85 (0.6% below fair value)
Industry Position: 35.4% above the Real Estate median (#713 of 1829)
No single metric tells the full story. See the CHIX:VNAD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vonovia SE is a residential real estate company based out of Germany. It owns and manages a multitude of residential units in many German cities and regions. The company makes long-term investments in the maintenance, modernization, and senior-friendly conversion of its properties. In addition to conducting property management, it handles financing, service, and coordination tasks. The company manages its operations through four business segments; Rental, Value-add, Recurring Sales, and Development. Maximum revenue is generated from the Rental segment, which combines all of the business activities that are aimed at the value-enhancing management of its residential real estate. It includes the company's property management activities in Germany, Austria, and Sweden.
58GF Score
Get the complete analysis for CHIX:VNAD
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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