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Toho Holdings CoFRA:TON +1.98%82 Earnings Yield (Joel Greenblatt) % is 11.71% as of Mar. 2026, which is 20% below its 10-year median of 14.65. GuruFocus rates FRA:TON with a GF Score™ of 82/100 and a GF Value™ of €26.38. The stock has 3 warning signs investors should review. Among 122 Medical Distribution companies, Toho Holdings Co ranks better than 82.79% on this metric.
Toho Holdings Co's Enterprise Value for the quarter that ended in Mar. 2026 was €1,222 Mil.
Toho Holdings Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €147 Mil. Toho Holdings Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 11.71%.
The historical rank and industry rank for Toho Holdings Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:TON'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.61 Med: 14.65 Max: 32.12
Current: 16.23
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Toho Holdings Co was 32.12%. The lowest was 9.61%. And the median was 14.65%.
FRA:TON's Earnings Yield (Joel Greenblatt) % is ranked better than 82.79% of 122
companies
in the Medical Distribution industry
Industry Median: 6.075
vs FRA:TON: 16.23
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) %. Toho Holdings Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 18.37%. 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.
Toho Holdings Co (FRA:TON) 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.
Toho Holdings Co Earnings Yield (Joel Greenblatt) % Related Terms
Toho Holdings Co Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Toho Holdings Co'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.
Toho Holdings Co Earnings Yield (Joel Greenblatt) % Chart
For the Medical Distribution subindustry, Toho Holdings Co'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.
Toho Holdings Co Earnings Yield (Joel Greenblatt) % vs Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Toho Holdings Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Toho Holdings Co's Earnings Yield (Joel Greenblatt) % falls into.
Toho Holdings Co 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.
Toho Holdings Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Toho Holdings Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €147 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 11.71% mean?
Toho Holdings Co (FRA:TON) has a Earnings Yield (Joel Greenblatt) % of 11.71% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Toho Holdings Co and its competitors. This is 20% below median its historical median of 14.65. Over the past decade, Toho Holdings Co's Earnings Yield (Joel Greenblatt) % has ranged from 9.61 to 32.12. According to the industry distribution chart, Toho Holdings Co ranks #21 out of 122 companies in the Medical Distribution industry, placing it in the top 17.2%.
Is Toho Holdings Co's Earnings Yield (Joel Greenblatt) % too high?
Toho Holdings Co's current Earnings Yield (Joel Greenblatt) % of 11.71% is 20% below median its 10-year median of 14.65. Over the past 10 years, this metric has ranged from a low of 9.61 to a high of 32.12. The Medical Distribution industry median Earnings Yield (Joel Greenblatt) % is 6.08. Toho Holdings Co's value of 11.71% is 92.8% above this industry median. Based on the distribution chart, Toho Holdings Co ranks #21 out of 122 companies in the Medical Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Toho Holdings Co has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Toho Holdings Co's Earnings Yield (Joel Greenblatt) % compare to MCK and COR?
According to the Medical Distribution industry distribution chart, Toho Holdings Co ranks #21 out of 122 companies for Earnings Yield (Joel Greenblatt) %. This places Toho Holdings Co in the top 17% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 6.08. Toho Holdings Co's value of 11.71% is 92.8% above this benchmark. Historically, Toho Holdings Co's own Earnings Yield (Joel Greenblatt) % has ranged from 9.61 to 32.12 over the past decade. While the company's 10-year median is 14.65 vs. the industry median of 6.08, Toho Holdings Co 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 Medical Distribution company?
The median Earnings Yield (Joel Greenblatt) % among Medical Distribution companies is 6.08, based on 122 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. Toho Holdings Co's current Earnings Yield (Joel Greenblatt) % of 11.71% is 92.8% 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 Toho Holdings Co and its competitors. For the Medical Distribution industry, the median Earnings Yield (Joel Greenblatt) % is 6.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Holdings Co's current Earnings Yield (Joel Greenblatt) % is 11.71%, which is 20% below median its own 10-year median of 14.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Holdings Co stock overvalued right now?
Toho Holdings Co (FRA:TON) has a current Earnings Yield (Joel Greenblatt) % of 11.71%. The stock's GF Value™ is €26.38, compared to a current price of €20.60 — trading 21.9% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 11.71%, which is 20% below median its 10-year median of 14.65 and 92.8% above the Medical Distribution industry median of 6.08. Toho Holdings Co's overall GF Score™ is 82/100 with 3 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 Toho Holdings Co (FRA:TON), the current Earnings Yield (Joel Greenblatt) % is 11.71% as of Mar. 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 Toho Holdings Co (FRA:TON) Overvalued in 2026?
Based on GuruFocus' analysis, Toho Holdings Co stock appears to be undervalued.
The current stock price of €20.60 is trading 21.9% below its estimated GF Value™ of €26.38.
Key valuation signals for FRA:TON:
Earnings Yield (Joel Greenblatt) %: 11.71% (20% below median its 10-year median of 14.65)
GF Value™: €26.38 vs. price of €20.60 (21.9% below fair value)
Industry Position: 92.8% above the Medical Distribution median (#21 of 122)
No single metric tells the full story. See the FRA:TON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho Holdings Co Ltd is a specialty and generic drug manufacturing company. The company's business includes pharmaceutical wholesaling and pharmacy dispensing. It also maintains a site-management organization business that assists a variety of medical establishments, ranging from large medical institutions to private clinics, with a wide range of clinical trials under contract. The company supports medical institutions suitable for respective trials to improve the quality and speed of clinical trials. It generates additional revenue through software sales to medical institutions.
82GF Score
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