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Partners Group Holding AGFRA:P2H +0.98%72 Earnings Yield (Joel Greenblatt) % is 5.73% as of Dec. 2025, which is 29% above its 10-year median of 4.43. GuruFocus rates FRA:P2H with a GF Score™ of 72/100 and a GF Value™ of €1,425.16 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,633 Asset Management companies, Partners Group Holding AG ranks better than 82.24% on this metric.
Partners Group Holding AG's Enterprise Value for the quarter that ended in Dec. 2025 was €29,397 Mil.
Partners Group Holding AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €1,685 Mil. Partners Group Holding AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2025 was 5.73%.
The historical rank and industry rank for Partners Group Holding AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:P2H'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.15 Med: 4.43 Max: 8.4
Current: 7.34
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Partners Group Holding AG was 8.40%. The lowest was 2.15%. And the median was 4.43%.
FRA:P2H's Earnings Yield (Joel Greenblatt) % is ranked better than 82.24% of 1633
companies
in the Asset Management industry
Industry Median: 0
vs FRA:P2H: 7.34
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) %. Partners Group Holding AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 was 9.91%. 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.
Partners Group Holding AG (FRA:P2H) 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.
Partners Group Holding AG Earnings Yield (Joel Greenblatt) % Related Terms
Partners Group Holding AG Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Partners Group Holding AG'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.
Partners Group Holding AG Earnings Yield (Joel Greenblatt) % Chart
For the Asset Management subindustry, Partners Group Holding 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.
Partners Group Holding AG Earnings Yield (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Partners Group Holding AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Partners Group Holding AG's Earnings Yield (Joel Greenblatt) % falls into.
Partners Group Holding 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.
Partners Group Holding AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 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 5.73% mean?
Partners Group Holding AG (FRA:P2H) has a Earnings Yield (Joel Greenblatt) % of 5.73% 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 Partners Group Holding AG and its competitors. This is 29% above median its historical median of 4.43. Over the past decade, Partners Group Holding AG's Earnings Yield (Joel Greenblatt) % has ranged from 2.15 to 8.40. According to the industry distribution chart, Partners Group Holding AG ranks #290 out of 1633 companies in the Asset Management industry, placing it in the top 17.8%.
Is Partners Group Holding AG's Earnings Yield (Joel Greenblatt) % too high?
Partners Group Holding AG's current Earnings Yield (Joel Greenblatt) % of 5.73% is 29% above median its 10-year median of 4.43. Over the past 10 years, this metric has ranged from a low of 2.15 to a high of 8.40. Based on the distribution chart, Partners Group Holding AG ranks #290 out of 1633 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Partners Group Holding AG has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Partners Group Holding AG's Earnings Yield (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Partners Group Holding AG ranks #290 out of 1633 companies for Earnings Yield (Joel Greenblatt) %. This places Partners Group Holding AG in the top 18% of its industry — outperforming the majority of peers. Historically, Partners Group Holding AG's own Earnings Yield (Joel Greenblatt) % has ranged from 2.15 to 8.40 over the past decade. 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 Partners Group Holding AG and its competitors. Partners Group Holding AG's current Earnings Yield (Joel Greenblatt) % is 5.73%, which is 29% above median its own 10-year median of 4.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Partners Group Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Partners Group Holding AG (FRA:P2H) is currently considered Significantly Undervalued. The stock's GF Value™ is €1,425.16, compared to a current price of €804.40 — trading 43.6% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.73%, which is 29% above median its 10-year median of 4.43. Partners Group Holding AG's overall GF Score™ is 72/100 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 Partners Group Holding AG (FRA:P2H), the current Earnings Yield (Joel Greenblatt) % is 5.73% 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.
Is Partners Group Holding AG (FRA:P2H) Overvalued in 2026?
Based on GuruFocus' analysis, Partners Group Holding AG stock appears to be undervalued.
The current stock price of €804.40 is trading 43.6% below its estimated GF Value™ of €1,425.16.
GuruFocus considers Partners Group Holding AG to be Significantly Undervalued.
Key valuation signals for FRA:P2H:
Earnings Yield (Joel Greenblatt) %: 5.73% (29% above median its 10-year median of 4.43)
GF Value™: €1,425.16 vs. price of €804.40 (43.6% below fair value)
No single metric tells the full story. See the FRA:P2H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Partners Group is a Swiss-based global alternative asset manager founded in 1996. It manages funds invested in private equity, private credit, real estate, and infrastructure. Most of Partners Group's assets are invested in Europe and the Americas, with a smaller exposure to Asia and the Middle East. Partners Group operates a differentiated business model, offering bespoke client solutions through diversified portfolios tailored to each client individually, semiliquid open-ended funds, alongside traditional closed-end funds.
72GF 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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