Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
FermiFRMI +0.35%13 Earnings Yield (Joel Greenblatt) % is -5.74% as of Jun. 2026. GuruFocus rates FRMI with a GF Score™ of 13/100. The stock has 1 warning sign investors should review. Among 957 REITs companies, Fermi ranks worse than 96.45% on this metric.
Fermi's Enterprise Value for the quarter that ended in Jun. 2026 was $6,358.99 Mil.
Fermi's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $-365.10 Mil. Fermi's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was -5.74%.
The historical rank and industry rank for Fermi's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRMI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.12 Med: 0 Max: 0
Current: -8.69
FRMI's Earnings Yield (Joel Greenblatt) % is ranked worse than 96.45% of 957
companies
in the REITs industry
Industry Median: 3.51
vs FRMI: -8.69
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) %. Fermi'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.
Fermi Earnings Yield (Joel Greenblatt) % Related Terms
Fermi Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Fermi'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.
For the REIT - Specialty subindustry, Fermi'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.
Fermi Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Fermi's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fermi'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.
Fermis Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Fermi'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 $-365.10 Mil.
What does a Earnings Yield (Joel Greenblatt) % of -5.74% mean?
Fermi (FRMI) has a Earnings Yield (Joel Greenblatt) % of -5.74% 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 Fermi and its competitors. According to the industry distribution chart, Fermi ranks #923 out of 957 companies in the REITs industry, placing it in the top 96.4%.
Is Fermi's Earnings Yield (Joel Greenblatt) % too high?
Fermi's current Earnings Yield (Joel Greenblatt) % is -5.74%. Based on the distribution chart, Fermi ranks #923 out of 957 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Fermi has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Fermi's Earnings Yield (Joel Greenblatt) % compare to EPR and OUT?
According to the REITs industry distribution chart, Fermi ranks #923 out of 957 companies for Earnings Yield (Joel Greenblatt) %. This places Fermi in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.51. 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 3.51, based on 957 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. 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 Fermi and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fermi's current Earnings Yield (Joel Greenblatt) % is -5.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fermi stock overvalued right now?
Fermi (FRMI) has a current Earnings Yield (Joel Greenblatt) % of -5.74%. The current Earnings Yield (Joel Greenblatt) % is -5.74%. Fermi's overall GF Score™ is 13/100 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 Fermi (FRMI), the current Earnings Yield (Joel Greenblatt) % is -5.74% 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.
Fermi Inc building a private power campus for AI-centric customers, developing and leasing large-scale, grid-independent energy generation and high-performance computing facilities purpose-built for the hyperscale era. The company is also developing a private energy and site infrastructure platform across the campus to support multiple powered shell buildings and a diversified, integrated power supply, including private power generation and delivery infrastructure, substations, internal distribution networks, water and cooling systems, and other essential infrastructure. In addition to powered shell facilities, it may offer long-term ground leases to tenants that elect to construct their own powered shell facilities on land, with or without integrated power delivery.
13GF Score
Get the complete analysis for FRMI
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRMI has been successfully added to your 
