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China Tourism Group Duty FreeCTGDF 81 Earnings Yield (Joel Greenblatt) % is 4.56% as of Mar. 2026, which is 1% above its 10-year median of 4.50. GuruFocus rates CTGDF with a GF Score™ of 81/100. The stock has 5 warning signs investors should review. Among 1,130 Retail - Cyclical companies, China Tourism Group Duty Free ranks better than 54.16% on this metric.
China Tourism Group Duty Free's Enterprise Value for the quarter that ended in Mar. 2026 was $0 Mil.
China Tourism Group Duty Free's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $821 Mil. China Tourism Group Duty Free's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 4.56%.
The historical rank and industry rank for China Tourism Group Duty Free's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CTGDF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.74 Med: 4.5 Max: 17.49
Current: 6.29
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of China Tourism Group Duty Free was 17.49%. The lowest was 0.74%. And the median was 4.50%.
CTGDF's Earnings Yield (Joel Greenblatt) % is ranked better than 54.16% of 1130
companies
in the Retail - Cyclical industry
Industry Median: 5.525
vs CTGDF: 6.29
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) %. China Tourism Group Duty Free's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was -18.22%. 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.
China Tourism Group Duty Free (OTCPK:CTGDF) 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.
China Tourism Group Duty Free Earnings Yield (Joel Greenblatt) % Chart
For the Specialty Retail subindustry, China Tourism Group Duty Free'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.
China Tourism Group Duty Free Earnings Yield (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Tourism Group Duty Free's Earnings Yield (Joel Greenblatt) % falls into.
China Tourism Group Duty Free 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.
China Tourism Group Duty Frees Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
China Tourism Group Duty Free'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 $821 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 4.56% mean?
China Tourism Group Duty Free (CTGDF) has a Earnings Yield (Joel Greenblatt) % of 4.56% 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 China Tourism Group Duty Free and its competitors. This is near median its historical median of 4.50. Over the past decade, China Tourism Group Duty Free's Earnings Yield (Joel Greenblatt) % has ranged from 0.74 to 17.49. According to the industry distribution chart, China Tourism Group Duty Free ranks #518 out of 1130 companies in the Retail - Cyclical industry, placing it in the top 45.8%.
Is China Tourism Group Duty Free's Earnings Yield (Joel Greenblatt) % too high?
China Tourism Group Duty Free's current Earnings Yield (Joel Greenblatt) % of 4.56% is near median its 10-year median of 4.50. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 17.49. The Retail - Cyclical industry median Earnings Yield (Joel Greenblatt) % is 5.53. China Tourism Group Duty Free's value of 4.56% is 17.5% below this industry median. Based on the distribution chart, China Tourism Group Duty Free ranks #518 out of 1130 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, China Tourism Group Duty Free has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does China Tourism Group Duty Free's Earnings Yield (Joel Greenblatt) % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, China Tourism Group Duty Free ranks #518 out of 1130 companies for Earnings Yield (Joel Greenblatt) %. This puts China Tourism Group Duty Free in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.53. China Tourism Group Duty Free's value of 4.56% is 17.5% below this benchmark. Historically, China Tourism Group Duty Free's own Earnings Yield (Joel Greenblatt) % has ranged from 0.74 to 17.49 over the past decade. While the company's 10-year median is 4.50 vs. the industry median of 5.53, China Tourism Group Duty Free has consistently been below 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 Retail - Cyclical company?
The median Earnings Yield (Joel Greenblatt) % among Retail - Cyclical companies is 5.53, based on 1,130 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. China Tourism Group Duty Free's current Earnings Yield (Joel Greenblatt) % of 4.56% is 17.5% below 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 China Tourism Group Duty Free and its competitors. For the Retail - Cyclical industry, the median Earnings Yield (Joel Greenblatt) % is 5.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Tourism Group Duty Free's current Earnings Yield (Joel Greenblatt) % is 4.56%, which is near median its own 10-year median of 4.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tourism Group Duty Free stock overvalued right now?
China Tourism Group Duty Free (CTGDF) has a current Earnings Yield (Joel Greenblatt) % of 4.56%. The current Earnings Yield (Joel Greenblatt) % is 4.56%, which is near median its 10-year median of 4.50 and 17.5% below the Retail - Cyclical industry median of 5.53. China Tourism Group Duty Free's overall GF Score™ is 81/100 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 China Tourism Group Duty Free (CTGDF), the current Earnings Yield (Joel Greenblatt) % is 4.56% 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.
Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2025 with revenue of CNY 54 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 33 provinces in China, as well as overseas. The company also operates a duty-paid business. Its 2025 revenue mix was 73% duty-free sales and 27% duty-paid sales and others. CTG Duty Free is 50% owned by China Tourism Group, a state-owned enterprise that falls directly under the State-owned Assets Supervision and Administration Commission of the State Council.
81GF Score
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