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First GenFSGCY 54 Earnings Yield (Joel Greenblatt) % is 11.33% as of Mar. 2026, which is 25% below its 10-year median of 15.18. GuruFocus rates FSGCY with a GF Score™ of 54/100 and a GF Value™ of $2.20 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 479 Utilities - Independent Power Producers companies, First Gen ranks better than 84.55% on this metric.
First Gen's Enterprise Value for the quarter that ended in Mar. 2026 was $2,844.7 Mil.
First Gen's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $318.0 Mil. First Gen's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 11.33%.
The historical rank and industry rank for First Gen's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FSGCY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.03 Med: 15.18 Max: 26.65
Current: 11.03
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of First Gen was 26.65%. The lowest was 6.03%. And the median was 15.18%.
FSGCY's Earnings Yield (Joel Greenblatt) % is ranked better than 84.55% of 479
companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.36
vs FSGCY: 11.03
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) %. First Gen's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 12.67%. 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.
First Gen (OTCPK:FSGCY) 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.
First Gen Earnings Yield (Joel Greenblatt) % Related Terms
First Gen Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for First Gen'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.
First Gen Earnings Yield (Joel Greenblatt) % Chart
First Gen Earnings Yield (Joel Greenblatt) % Competitor Comparison
For the Utilities - Renewable subindustry, First Gen'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.
First Gen Earnings Yield (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, First Gen's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where First Gen's Earnings Yield (Joel Greenblatt) % falls into.
First Gen 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.
First Gens Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
First Gen'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 $318.0 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 11.33% mean?
First Gen (FSGCY) has a Earnings Yield (Joel Greenblatt) % of 11.33% 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 First Gen and its competitors. This is 25% below median its historical median of 15.18. Over the past decade, First Gen's Earnings Yield (Joel Greenblatt) % has ranged from 6.03 to 26.65. According to the industry distribution chart, First Gen ranks #74 out of 479 companies in the Utilities - Independent Power Producers industry, placing it in the top 15.4%.
Is First Gen's Earnings Yield (Joel Greenblatt) % too high?
First Gen's current Earnings Yield (Joel Greenblatt) % of 11.33% is 25% below median its 10-year median of 15.18. Over the past 10 years, this metric has ranged from a low of 6.03 to a high of 26.65. The Utilities - Independent Power Producers industry median Earnings Yield (Joel Greenblatt) % is 3.36. First Gen's value of 11.33% is 237.2% above this industry median. Based on the distribution chart, First Gen ranks #74 out of 479 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, First Gen has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Gen's Earnings Yield (Joel Greenblatt) % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, First Gen ranks #74 out of 479 companies for Earnings Yield (Joel Greenblatt) %. This places First Gen in the top 15% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 3.36. First Gen's value of 11.33% is 237.2% above this benchmark. Historically, First Gen's own Earnings Yield (Joel Greenblatt) % has ranged from 6.03 to 26.65 over the past decade. While the company's 10-year median is 15.18 vs. the industry median of 3.36, First Gen 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 an Utilities - Independent Power Producers company?
The median Earnings Yield (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 3.36, based on 479 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. First Gen's current Earnings Yield (Joel Greenblatt) % of 11.33% is 237.2% 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 First Gen and its competitors. For the Utilities - Independent Power Producers industry, the median Earnings Yield (Joel Greenblatt) % is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Gen's current Earnings Yield (Joel Greenblatt) % is 11.33%, which is 25% below median its own 10-year median of 15.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Gen stock overvalued right now?
Based on GuruFocus' analysis, First Gen (FSGCY) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.20, compared to a current price of $5.35 — trading 143.2% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 11.33%, which is 25% below median its 10-year median of 15.18 and 237.2% above the Utilities - Independent Power Producers industry median of 3.36. First Gen's overall GF Score™ is 54/100 with 12 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 First Gen (FSGCY), the current Earnings Yield (Joel Greenblatt) % is 11.33% 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 First Gen (FSGCY) Overvalued in 2026?
Based on GuruFocus' analysis, First Gen stock appears to be overvalued.
The current stock price of $5.35 is trading 143.2% above its estimated GF Value™ of $2.20.
GuruFocus considers First Gen to be Significantly Overvalued.
Key valuation signals for FSGCY:
Earnings Yield (Joel Greenblatt) %: 11.33% (25% below median its 10-year median of 15.18)
GF Value™: $2.20 vs. price of $5.35 (143.2% above fair value)
Industry Position: 237.2% above the Utilities - Independent Power Producers median (#74 of 479)
No single metric tells the full story. See the FSGCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Gen Corp is an independent electric utility company operating in the Philippines. First Gen develops, finances, builds, bids for, and operate power generation projects. The company generates a amount of Filipino energy needs through its portfolio of natural gas, wind, solar, hydro, and geothermal power plants located in the country. Majority of the power generated by First Gen is produced through natural gas and geothermal fuel sources. It operates in six segments: FGPC, FGP, EDC and Subsidiaries, FGEN LNG, FNPC, and Prime Meridian. The company only operates in Philippines.
54GF Score
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