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Asahi KaseiFRA:ASAA -3.78%81 Earnings Yield (Joel Greenblatt) % is 8.61% as of Jun. 2026, which is 1% below its 10-year median of 8.74. GuruFocus rates FRA:ASAA with a GF Score™ of 81/100 and a GF Value™ of €6.43 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 577 Conglomerates companies, Asahi Kasei ranks better than 64.3% on this metric.
Asahi Kasei's Enterprise Value for the quarter that ended in Jun. 2026 was €17,999 Mil.
Asahi Kasei's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €1,595 Mil. Asahi Kasei's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 8.61%.
The historical rank and industry rank for Asahi Kasei's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:ASAA'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.23 Med: 8.74 Max: 16.03
Current: 9.25
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Asahi Kasei was 16.03%. The lowest was -4.23%. And the median was 8.74%.
FRA:ASAA's Earnings Yield (Joel Greenblatt) % is ranked better than 64.3% of 577
companies
in the Conglomerates industry
Industry Median: 6.54
vs FRA:ASAA: 9.25
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) %. Asahi Kasei's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 8.90%. 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.
Asahi Kasei Earnings Yield (Joel Greenblatt) % Related Terms
Asahi Kasei Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Asahi Kasei'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.
FRA:ASAA vs MMM, HON: Earnings Yield (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Asahi Kasei'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.
Asahi Kasei Earnings Yield (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Asahi Kasei's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Asahi Kasei'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.
Asahi Kaseis Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Asahi Kasei'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 €1,595 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 8.61% mean?
Asahi Kasei (FRA:ASAA) has a Earnings Yield (Joel Greenblatt) % of 8.61% 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 Asahi Kasei and its competitors. This is near median its historical median of 8.74. According to the industry distribution chart, Asahi Kasei ranks #206 out of 577 companies in the Conglomerates industry, placing it in the top 35.7%.
Is Asahi Kasei's Earnings Yield (Joel Greenblatt) % too high?
Asahi Kasei's current Earnings Yield (Joel Greenblatt) % of 8.61% is near median its 10-year median of 8.74. The Conglomerates industry median Earnings Yield (Joel Greenblatt) % is 6.54. Asahi Kasei's value of 8.61% is 31.7% above this industry median. Based on the distribution chart, Asahi Kasei ranks #206 out of 577 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Asahi Kasei has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Kasei's Earnings Yield (Joel Greenblatt) % compare to MMM and HON?
According to the Conglomerates industry distribution chart, Asahi Kasei ranks #206 out of 577 companies for Earnings Yield (Joel Greenblatt) %. This puts Asahi Kasei in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.54. Asahi Kasei's value of 8.61% is 31.7% above this benchmark. While the company's 10-year median is 8.74 vs. the industry median of 6.54, Asahi Kasei 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 Conglomerates company?
The median Earnings Yield (Joel Greenblatt) % among Conglomerates companies is 6.54, based on 577 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. Asahi Kasei's current Earnings Yield (Joel Greenblatt) % of 8.61% is 31.7% 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 Asahi Kasei and its competitors. For the Conglomerates industry, the median Earnings Yield (Joel Greenblatt) % is 6.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asahi Kasei's current Earnings Yield (Joel Greenblatt) % is 8.61%, which is near median its own 10-year median of 8.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Kasei stock overvalued right now?
Based on GuruFocus' analysis, Asahi Kasei (FRA:ASAA) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.43, compared to a current price of €8.87 — trading 37.9% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 8.61%, which is near median its 10-year median of 8.74 and 31.7% above the Conglomerates industry median of 6.54. Asahi Kasei's overall GF Score™ is 81/100 with 4 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 Asahi Kasei (FRA:ASAA), the current Earnings Yield (Joel Greenblatt) % is 8.61% 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 Asahi Kasei (FRA:ASAA) Overvalued in 2026?
Based on GuruFocus' analysis, Asahi Kasei stock appears to be overvalued.
The current stock price of €8.87 is trading 37.9% above its estimated GF Value™ of €6.43.
GuruFocus considers Asahi Kasei to be Significantly Overvalued.
Key valuation signals for FRA:ASAA:
Earnings Yield (Joel Greenblatt) %: 8.61% (near median its 10-year median of 8.74)
GF Value™: €6.43 vs. price of €8.87 (37.9% above fair value)
Industry Position: 31.7% above the Conglomerates median (#206 of 577)
No single metric tells the full story. See the FRA:ASAA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asahi Kasei Corp is a Japanese industrial conglomerate mainly engaged in materials, housing, and healthcare businesses. The Health Care segment covers pharmaceuticals, healthcare, and critical care. The Housing segment includes housing and building materials businesses. The Material segment consists of environmental solutions, mobility & industry, AL business, and life innovation, such as digital solutions and comfort life. The Others segment includes plant and environmental engineering, research and information services, as well as staffing and placement businesses. It generates the majority of its revenue from the Material segment.
81GF Score
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