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Lechwerke AGHAM:LEC 58 Earnings Yield (Joel Greenblatt) % is 6.53% as of Dec. 2025, which is 28% above its 10-year median of 5.11. GuruFocus rates HAM:LEC with a GF Score™ of 58/100 and a GF Value™ of €45.71 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 509 Utilities - Regulated companies, Lechwerke AG ranks better than 52.85% on this metric.
Lechwerke AG's Enterprise Value for the quarter that ended in Dec. 2025 was €2,533.9 Mil.
Lechwerke AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €163.1 Mil. Lechwerke AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2025 was 6.53%.
The historical rank and industry rank for Lechwerke AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HAM:LEC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.57 Med: 5.11 Max: 10.11
Current: 7.07
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Lechwerke AG was 10.11%. The lowest was 2.57%. And the median was 5.11%.
HAM:LEC's Earnings Yield (Joel Greenblatt) % is ranked better than 52.85% of 509
companies
in the Utilities - Regulated industry
Industry Median: 6.56
vs HAM:LEC: 7.07
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) %. Lechwerke AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 was 9.43%. 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.
Lechwerke AG (HAM:LEC) 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.
Lechwerke AG Earnings Yield (Joel Greenblatt) % Related Terms
Lechwerke AG Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Lechwerke 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.
Lechwerke AG Earnings Yield (Joel Greenblatt) % Chart
HAM:LEC vs SRE, AES: Earnings Yield (Joel Greenblatt) % Comparison
For the Utilities - Diversified subindustry, Lechwerke 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.
Lechwerke AG Earnings Yield (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Lechwerke AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lechwerke AG's Earnings Yield (Joel Greenblatt) % falls into.
Lechwerke 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.
Lechwerke 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 6.53% mean?
Lechwerke AG (HAM:LEC) has a Earnings Yield (Joel Greenblatt) % of 6.53% 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 Lechwerke AG and its competitors. This is 28% above median its historical median of 5.11. Over the past decade, Lechwerke AG's Earnings Yield (Joel Greenblatt) % has ranged from 2.57 to 10.11. According to the industry distribution chart, Lechwerke AG ranks #240 out of 509 companies in the Utilities - Regulated industry, placing it in the top 47.2%.
Is Lechwerke AG's Earnings Yield (Joel Greenblatt) % too high?
Lechwerke AG's current Earnings Yield (Joel Greenblatt) % of 6.53% is 28% above median its 10-year median of 5.11. Over the past 10 years, this metric has ranged from a low of 2.57 to a high of 10.11. The Utilities - Regulated industry median Earnings Yield (Joel Greenblatt) % is 6.56. Lechwerke AG's value of 6.53% is 0.5% below this industry median. Based on the distribution chart, Lechwerke AG ranks #240 out of 509 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Lechwerke AG has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lechwerke AG's Earnings Yield (Joel Greenblatt) % compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, Lechwerke AG ranks #240 out of 509 companies for Earnings Yield (Joel Greenblatt) %. This puts Lechwerke AG in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.56. Lechwerke AG's value of 6.53% is 0.5% below this benchmark. Historically, Lechwerke AG's own Earnings Yield (Joel Greenblatt) % has ranged from 2.57 to 10.11 over the past decade. While the company's 10-year median is 5.11 vs. the industry median of 6.56, Lechwerke AG has consistently been below 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 - Regulated company?
The median Earnings Yield (Joel Greenblatt) % among Utilities - Regulated companies is 6.56, based on 509 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. Lechwerke AG's current Earnings Yield (Joel Greenblatt) % of 6.53% is 0.5% below 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 Lechwerke AG and its competitors. For the Utilities - Regulated industry, the median Earnings Yield (Joel Greenblatt) % is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lechwerke AG's current Earnings Yield (Joel Greenblatt) % is 6.53%, which is 28% above median its own 10-year median of 5.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lechwerke AG stock overvalued right now?
Based on GuruFocus' analysis, Lechwerke AG (HAM:LEC) is currently considered Significantly Overvalued. The stock's GF Value™ is €45.71, compared to a current price of €62.00 — trading 35.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 6.53%, which is 28% above median its 10-year median of 5.11 and 0.5% below the Utilities - Regulated industry median of 6.56. Lechwerke AG's overall GF Score™ is 58/100 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 Lechwerke AG (HAM:LEC), the current Earnings Yield (Joel Greenblatt) % is 6.53% 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 Lechwerke AG (HAM:LEC) Overvalued in 2026?
Based on GuruFocus' analysis, Lechwerke AG stock appears to be overvalued.
The current stock price of €62.00 is trading 35.6% above its estimated GF Value™ of €45.71.
GuruFocus considers Lechwerke AG to be Significantly Overvalued.
Key valuation signals for HAM:LEC:
Earnings Yield (Joel Greenblatt) %: 6.53% (28% above median its 10-year median of 5.11)
GF Value™: €45.71 vs. price of €62.00 (35.6% above fair value)
Industry Position: 0.5% below the Utilities - Regulated median (#240 of 509)
No single metric tells the full story. See the HAM:LEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lechwerke AG is a regional energy supplier in Bavaria and parts of Baden-Wurttemberg. The company offers both electricity and gas products as well as all energy-related services such as contracting, energy certificates and energy controlling. The company also works in the field of street lighting as well as the development and implementation of energy efficiency projects and comprehensive energy concepts.
58GF Score
Get the complete analysis for HAM:LEC
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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