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Vicinity CentresFRA:C98 +0.66%67 Earnings Yield (Joel Greenblatt) % is 9.43% as of Jun. 2026, which is 46% above its 10-year median of 6.46. GuruFocus rates FRA:C98 with a GF Score™ of 67/100 and a GF Value™ of €1.33 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 960 REITs companies, Vicinity Centres ranks better than 84.06% on this metric.
Vicinity Centres's Enterprise Value for the quarter that ended in Jun. 2026 was €9,956.8 Mil.
Vicinity Centres's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €929.9 Mil. Vicinity Centres's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 9.43%.
The historical rank and industry rank for Vicinity Centres's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:C98'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.77 Med: 6.46 Max: 12.92
Current: 9.32
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Vicinity Centres was 12.92%. The lowest was -18.77%. And the median was 6.46%.
FRA:C98's Earnings Yield (Joel Greenblatt) % is ranked better than 84.06% of 960
companies
in the REITs industry
Industry Median: 3.52
vs FRA:C98: 9.32
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) %. Vicinity Centres'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.
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.
Vicinity Centres Earnings Yield (Joel Greenblatt) % Related Terms
Vicinity Centres Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Vicinity Centres'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:C98 vs SPG, O, KIM: Earnings Yield (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Vicinity Centres'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.
Vicinity Centres Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Vicinity Centres's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Vicinity Centres'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.
Vicinity Centress Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2026 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
What does a Earnings Yield (Joel Greenblatt) % of 9.43% mean?
Vicinity Centres (FRA:C98) has a Earnings Yield (Joel Greenblatt) % of 9.43% 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 Vicinity Centres and its competitors. This is 46% above median its historical median of 6.46. According to the industry distribution chart, Vicinity Centres ranks #153 out of 960 companies in the REITs industry, placing it in the top 15.9%.
Is Vicinity Centres' Earnings Yield (Joel Greenblatt) % too high?
Vicinity Centres' current Earnings Yield (Joel Greenblatt) % of 9.43% is 46% above median its 10-year median of 6.46. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.52. Vicinity Centres' value of 9.43% is 167.9% above this industry median. Based on the distribution chart, Vicinity Centres ranks #153 out of 960 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Vicinity Centres has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vicinity Centres' Earnings Yield (Joel Greenblatt) % compare to SPG and O?
According to the REITs industry distribution chart, Vicinity Centres ranks #153 out of 960 companies for Earnings Yield (Joel Greenblatt) %. This places Vicinity Centres in the top 16% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 3.52. Vicinity Centres' value of 9.43% is 167.9% above this benchmark. While the company's 10-year median is 6.46 vs. the industry median of 3.52, Vicinity Centres 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 REITs company?
The median Earnings Yield (Joel Greenblatt) % among REITs companies is 3.52, based on 960 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. Vicinity Centres's current Earnings Yield (Joel Greenblatt) % of 9.43% is 167.9% 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 Vicinity Centres and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vicinity Centres's current Earnings Yield (Joel Greenblatt) % is 9.43%, which is 46% above median its own 10-year median of 6.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vicinity Centres stock overvalued right now?
Based on GuruFocus' analysis, Vicinity Centres (FRA:C98) is currently considered Modestly Overvalued. The stock's GF Value™ is €1.33, compared to a current price of €1.53 — trading 15% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 9.43%, which is 46% above median its 10-year median of 6.46 and 167.9% above the REITs industry median of 3.52. Vicinity Centres' overall GF Score™ is 67/100 with 8 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 Vicinity Centres (FRA:C98), the current Earnings Yield (Joel Greenblatt) % is 9.43% 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 Vicinity Centres (FRA:C98) Overvalued in 2026?
Based on GuruFocus' analysis, Vicinity Centres stock appears to be overvalued.
The current stock price of €1.53 is trading 15% above its estimated GF Value™ of €1.33.
GuruFocus considers Vicinity Centres to be Modestly Overvalued.
Key valuation signals for FRA:C98:
Earnings Yield (Joel Greenblatt) %: 9.43% (46% above median its 10-year median of 6.46)
GF Value™: €1.33 vs. price of €1.53 (15% above fair value)
Industry Position: 167.9% above the REITs median (#153 of 960)
No single metric tells the full story. See the FRA:C98 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vicinity Centres operates about 50 shopping malls in Australia. They include several iconic city centers, like Queen Victoria Building, The Strand Arcade and The Galeries in Sydney, which are frequented by tourists and office workers nearby. Melbourne's Chadstone, Vicinity's crown jewel, is Australia's largest and highest turnover shopping mall. Smaller regional and neighborhood centers, to which Vicinity is consciously trimming exposure, account for around 15% of the portfolio. Vast majority of Vicinity's income is derived from rents. The group also earns small management fees for managing properties and development projects on behalf of capital partners.
67GF 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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