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FRA:EFF0's Earnings Yield (Joel Greenblatt) % is ranked worse than 95.15% of 1628
companies
in the Asset Management industry
Industry Median: 0
vs FRA:EFF0: -22.19
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) %. Deutsche Effecten- und Wechsel- Beteiligungsges AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 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.
Deutsche Effecten- und Wechsel- Beteiligungsges AG (FRA:EFF0) 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.
Deutsche Effecten- und Wechsel- Beteiligungsges AG Earnings Yield (Joel Greenblatt) % Chart
Deutsche Effecten- und Wechsel- Beteiligungsges AG Annual Data
For the Asset Management subindustry, Deutsche Effecten- und Wechsel- Beteiligungsges AG'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.
Deutsche Effecten- und Wechsel- Beteiligungsges AG Earnings Yield (Joel Greenblatt) % vs Asset Management Industry
Deutsche Effecten- und Wechsel- Beteiligungsges AG 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.
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 -19.76% mean?
Deutsche Effecten- und Wechsel- Beteiligungsges AG (FRA:EFF0) has a Earnings Yield (Joel Greenblatt) % of -19.76% as of Dec. 2025. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Deutsche Effecten- und Wechsel- Beteiligungsges AG and its competitors. According to the industry distribution chart, Deutsche Effecten- und Wechsel- Beteiligungsges AG ranks #1549 out of 1628 companies in the Asset Management industry, placing it in the top 95.1%.
Is Deutsche Effecten- und Wechsel- Beteiligungsges AG's Earnings Yield (Joel Greenblatt) % too high?
Deutsche Effecten- und Wechsel- Beteiligungsges AG's current Earnings Yield (Joel Greenblatt) % is -19.76%. Based on the distribution chart, Deutsche Effecten- und Wechsel- Beteiligungsges AG ranks #1549 out of 1628 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Deutsche Effecten- und Wechsel- Beteiligungsges AG has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Deutsche Effecten- und Wechsel- Beteiligungsges AG's Earnings Yield (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Deutsche Effecten- und Wechsel- Beteiligungsges AG ranks #1549 out of 1628 companies for Earnings Yield (Joel Greenblatt) %. This places Deutsche Effecten- und Wechsel- Beteiligungsges AG in the lower half of its industry. 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 Asset Management company?
A good Earnings Yield (Joel Greenblatt) % depends on the Asset Management industry context. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Deutsche Effecten- und Wechsel- Beteiligungsges AG and its competitors. Deutsche Effecten- und Wechsel- Beteiligungsges AG's current Earnings Yield (Joel Greenblatt) % is -19.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche Effecten- und Wechsel- Beteiligungsges AG stock overvalued right now?
Deutsche Effecten- und Wechsel- Beteiligungsges AG (FRA:EFF0) has a current Earnings Yield (Joel Greenblatt) % of -19.76%. The current Earnings Yield (Joel Greenblatt) % is -19.76%. Deutsche Effecten- und Wechsel- Beteiligungsges AG's overall GF Score™ is 41/100 with 1 warning sign 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 Deutsche Effecten- und Wechsel- Beteiligungsges AG (FRA:EFF0), the current Earnings Yield (Joel Greenblatt) % is -19.76% as of Dec. 2025. 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.
Deutsche Effecten- und Wechsel- Beteiligungsges AG is a Germany-based listed investment company that specializes in the selection, acquisition, development, and sale of tech companies. It focuses on asset management and companies whose technologies and business models have an impact on the future development of the financial industry. The company supports its portfolio companies with capital, expertise in corporate development, and its extensive network of experts.
41GF Score
Get the complete analysis for FRA:EFF0
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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