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Applied Industrial TechnologiesFRA:AT4 -0.78%88 Earnings Yield (Joel Greenblatt) % is 4.45% as of Jun. 2026, which is 27% below its 10-year median of 6.13. GuruFocus rates FRA:AT4 with a GF Score™ of 88/100 and a GF Value™ of €227.86 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 161 Industrial Distribution companies, Applied Industrial Technologies ranks worse than 67.7% on this metric.
Applied Industrial Technologies's Enterprise Value for the quarter that ended in Jun. 2026 was €10,873 Mil.
Applied Industrial Technologies's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €483 Mil. Applied Industrial Technologies's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 4.45%.
The historical rank and industry rank for Applied Industrial Technologies's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:AT4'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.52 Med: 6.13 Max: 10.41
Current: 4.19
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Applied Industrial Technologies was 10.41%. The lowest was 0.52%. And the median was 6.13%.
FRA:AT4's Earnings Yield (Joel Greenblatt) % is ranked worse than 67.7% of 161
companies
in the Industrial Distribution industry
Industry Median: 6.04
vs FRA:AT4: 4.19
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) %. Applied Industrial Technologies's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 18.46%. 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.
For the Industrial Distribution subindustry, Applied Industrial Technologies'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.
Applied Industrial Technologies Earnings Yield (Joel Greenblatt) % vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Applied Industrial Technologies's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Applied Industrial Technologies'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.
Applied Industrial Technologiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2026 is calculated as
Applied Industrial Technologies'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 €483 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 4.45% mean?
Applied Industrial Technologies (FRA:AT4) has a Earnings Yield (Joel Greenblatt) % of 4.45% 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 Applied Industrial Technologies and its competitors. This is 27% below median its historical median of 6.13. Over the past decade, Applied Industrial Technologies' Earnings Yield (Joel Greenblatt) % has ranged from 0.52 to 10.41. According to the industry distribution chart, Applied Industrial Technologies ranks #109 out of 161 companies in the Industrial Distribution industry, placing it in the top 67.7%.
Is Applied Industrial Technologies' Earnings Yield (Joel Greenblatt) % too high?
Applied Industrial Technologies' current Earnings Yield (Joel Greenblatt) % of 4.45% is 27% below median its 10-year median of 6.13. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 10.41. The Industrial Distribution industry median Earnings Yield (Joel Greenblatt) % is 6.04. Applied Industrial Technologies' value of 4.45% is 26.3% below this industry median. Based on the distribution chart, Applied Industrial Technologies ranks #109 out of 161 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Applied Industrial Technologies has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Industrial Technologies' Earnings Yield (Joel Greenblatt) % compare to QXO and WSO?
According to the Industrial Distribution industry distribution chart, Applied Industrial Technologies ranks #109 out of 161 companies for Earnings Yield (Joel Greenblatt) %. This places Applied Industrial Technologies in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.04. Applied Industrial Technologies' value of 4.45% is 26.3% below this benchmark. Historically, Applied Industrial Technologies' own Earnings Yield (Joel Greenblatt) % has ranged from 0.52 to 10.41 over the past decade. While the company's 10-year median is 6.13 vs. the industry median of 6.04, Applied Industrial Technologies 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 an Industrial Distribution company?
The median Earnings Yield (Joel Greenblatt) % among Industrial Distribution companies is 6.04, based on 161 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. Applied Industrial Technologies's current Earnings Yield (Joel Greenblatt) % of 4.45% is 26.3% 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 Applied Industrial Technologies and its competitors. For the Industrial Distribution industry, the median Earnings Yield (Joel Greenblatt) % is 6.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Industrial Technologies's current Earnings Yield (Joel Greenblatt) % is 4.45%, which is 27% below median its own 10-year median of 6.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Industrial Technologies stock overvalued right now?
Based on GuruFocus' analysis, Applied Industrial Technologies (FRA:AT4) is currently considered Significantly Overvalued. The stock's GF Value™ is €227.86, compared to a current price of €306.60 — trading 34.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 4.45%, which is 27% below median its 10-year median of 6.13 and 26.3% below the Industrial Distribution industry median of 6.04. Applied Industrial Technologies' overall GF Score™ is 88/100 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 Applied Industrial Technologies (FRA:AT4), the current Earnings Yield (Joel Greenblatt) % is 4.45% 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 Applied Industrial Technologies (FRA:AT4) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Industrial Technologies stock appears to be overvalued.
The current stock price of €306.60 is trading 34.6% above its estimated GF Value™ of €227.86.
GuruFocus considers Applied Industrial Technologies to be Significantly Overvalued.
Key valuation signals for FRA:AT4:
Earnings Yield (Joel Greenblatt) %: 4.45% (27% below median its 10-year median of 6.13)
GF Value™: €227.86 vs. price of €306.60 (34.6% above fair value)
Industry Position: 26.3% below the Industrial Distribution median (#109 of 161)
No single metric tells the full story. See the FRA:AT4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. The company's reportable segments are; Service Center Based Distribution which derives key revenue, and Engineered Solutions. Geographically, the company derives its key revenue from the United States and the rest from Canada and other countries.
88GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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