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Combined Motor HoldingsJSE:CMH -3.44%92 Earnings Yield (Joel Greenblatt) % is 21.55% as of Feb. 2026, which is 1% above its 10-year median of 21.25. GuruFocus rates JSE:CMH with a GF Score™ of 92/100 and a GF Value™ of R39.60 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,343 Vehicles & Parts companies, Combined Motor Holdings ranks better than 90.77% on this metric.
Combined Motor Holdings's Enterprise Value for the quarter that ended in Feb. 2026 was R3,764 Mil.
Combined Motor Holdings's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 was R811 Mil. Combined Motor Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2026 was 21.55%.
The historical rank and industry rank for Combined Motor Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JSE:CMH'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.74 Med: 21.25 Max: 34.24
Current: 23.04
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Combined Motor Holdings was 34.24%. The lowest was 13.74%. And the median was 21.25%.
JSE:CMH's Earnings Yield (Joel Greenblatt) % is ranked better than 90.77% of 1343
companies
in the Vehicles & Parts industry
Industry Median: 5.77
vs JSE:CMH: 23.04
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) %. Combined Motor Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 2026 was 30.30%. 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.
Combined Motor Holdings (JSE:CMH) 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.
Combined Motor Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Combined Motor Holdings Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Combined Motor Holdings'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.
Combined Motor Holdings Earnings Yield (Joel Greenblatt) % Chart
For the Auto & Truck Dealerships subindustry, Combined Motor Holdings'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.
Combined Motor Holdings Earnings Yield (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Combined Motor Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Combined Motor Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Combined Motor Holdings 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.
Combined Motor Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Feb. 2026 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 21.55% mean?
Combined Motor Holdings (JSE:CMH) has a Earnings Yield (Joel Greenblatt) % of 21.55% as of Feb. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Combined Motor Holdings and its competitors. This is near median its historical median of 21.25. Over the past decade, Combined Motor Holdings' Earnings Yield (Joel Greenblatt) % has ranged from 13.74 to 34.24. According to the industry distribution chart, Combined Motor Holdings ranks #124 out of 1343 companies in the Vehicles & Parts industry, placing it in the top 9.2%.
Is Combined Motor Holdings' Earnings Yield (Joel Greenblatt) % too high?
Combined Motor Holdings' current Earnings Yield (Joel Greenblatt) % of 21.55% is near median its 10-year median of 21.25. Over the past 10 years, this metric has ranged from a low of 13.74 to a high of 34.24. The Vehicles & Parts industry median Earnings Yield (Joel Greenblatt) % is 5.77. Combined Motor Holdings' value of 21.55% is 273.5% above this industry median. Based on the distribution chart, Combined Motor Holdings ranks #124 out of 1343 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Combined Motor Holdings has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Combined Motor Holdings' Earnings Yield (Joel Greenblatt) % compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Combined Motor Holdings ranks #124 out of 1343 companies for Earnings Yield (Joel Greenblatt) %. This places Combined Motor Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 5.77. Combined Motor Holdings' value of 21.55% is 273.5% above this benchmark. Historically, Combined Motor Holdings' own Earnings Yield (Joel Greenblatt) % has ranged from 13.74 to 34.24 over the past decade. While the company's 10-year median is 21.25 vs. the industry median of 5.77, Combined Motor Holdings 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 Vehicles & Parts company?
The median Earnings Yield (Joel Greenblatt) % among Vehicles & Parts companies is 5.77, based on 1,343 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. Combined Motor Holdings's current Earnings Yield (Joel Greenblatt) % of 21.55% is 273.5% 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 Combined Motor Holdings and its competitors. For the Vehicles & Parts industry, the median Earnings Yield (Joel Greenblatt) % is 5.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Combined Motor Holdings's current Earnings Yield (Joel Greenblatt) % is 21.55%, which is near median its own 10-year median of 21.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Combined Motor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Combined Motor Holdings (JSE:CMH) is currently considered Fairly Valued. The stock's GF Value™ is R39.60, compared to a current price of R36.50 — trading 7.8% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 21.55%, which is near median its 10-year median of 21.25 and 273.5% above the Vehicles & Parts industry median of 5.77. Combined Motor Holdings' overall GF Score™ is 92/100 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 Combined Motor Holdings (JSE:CMH), the current Earnings Yield (Joel Greenblatt) % is 21.55% as of Feb. 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 Combined Motor Holdings (JSE:CMH) Overvalued in 2026?
Based on GuruFocus' analysis, Combined Motor Holdings stock appears to be undervalued.
The current stock price of R36.50 is trading 7.8% below its estimated GF Value™ of R39.60.
GuruFocus considers Combined Motor Holdings to be Fairly Valued.
Key valuation signals for JSE:CMH:
Earnings Yield (Joel Greenblatt) %: 21.55% (near median its 10-year median of 21.25)
GF Value™: R39.60 vs. price of R36.50 (7.8% below fair value)
Industry Position: 273.5% above the Vehicles & Parts median (#124 of 1343)
No single metric tells the full story. See the JSE:CMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Combined Motor Holdings Ltd is a South Africa-based investment holding company engaged in motor retail and distribution, car hire, and financial services. The Company operates through four business segments: Motor Retail and Distribution, which generates maximum revenue and covers passenger, light commercial, and heavy commercial vehicles in both the volume and luxury categories; Car Hire, which offers a range of well-maintained vehicles for short- and long-term hire; Financial Services, which provides insurance underwriting facilities for products sold with new and used vehicles, including coverage for death, disability, dread disease, retrenchment, vehicle and component warranties, and vehicle financing through joint ventures with two finance houses; and Corporate Services and Other.
92GF Score
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