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Delta Property FundJSE:DLT 29 Earnings Yield (Joel Greenblatt) % is 14.20% as of Feb. 2026, which is 60% above its 10-year median of 8.87. GuruFocus rates JSE:DLT with a GF Score™ of 29/100 and a GF Value™ of R0.23 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 953 REITs companies, Delta Property Fund ranks better than 93.6% on this metric.
Delta Property Fund's Enterprise Value for the quarter that ended in Feb. 2026 was R3,969 Mil.
Delta Property Fund's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 was R564 Mil. Delta Property Fund's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2026 was 14.20%.
The historical rank and industry rank for Delta Property Fund's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JSE:DLT'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.19 Med: 8.87 Max: 22.95
Current: 14.28
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Delta Property Fund was 22.95%. The lowest was -6.19%. And the median was 8.87%.
JSE:DLT's Earnings Yield (Joel Greenblatt) % is ranked better than 93.6% of 953
companies
in the REITs industry
Industry Median: 3.52
vs JSE:DLT: 14.28
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) %. Delta Property Fund's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 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.
Delta Property Fund (JSE:DLT) 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.
Delta Property Fund Earnings Yield (Joel Greenblatt) % Related Terms
Delta Property Fund Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Delta Property Fund'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.
Delta Property Fund Earnings Yield (Joel Greenblatt) % Chart
For the REIT - Office subindustry, Delta Property Fund'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.
Delta Property Fund Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Delta Property Fund's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Delta Property Fund's Earnings Yield (Joel Greenblatt) % falls into.
Delta Property Fund 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.
Delta Property Funds 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 14.20% mean?
Delta Property Fund (JSE:DLT) has a Earnings Yield (Joel Greenblatt) % of 14.20% 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 Delta Property Fund and its competitors. This is 60% above median its historical median of 8.87. According to the industry distribution chart, Delta Property Fund ranks #61 out of 953 companies in the REITs industry, placing it in the top 6.4%.
Is Delta Property Fund's Earnings Yield (Joel Greenblatt) % too high?
Delta Property Fund's current Earnings Yield (Joel Greenblatt) % of 14.20% is 60% above median its 10-year median of 8.87. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.52. Delta Property Fund's value of 14.20% is 303.4% above this industry median. Based on the distribution chart, Delta Property Fund ranks #61 out of 953 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Delta Property Fund has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delta Property Fund's Earnings Yield (Joel Greenblatt) % compare to BXP and ARE?
According to the REITs industry distribution chart, Delta Property Fund ranks #61 out of 953 companies for Earnings Yield (Joel Greenblatt) %. This places Delta Property Fund in the top 6% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 3.52. Delta Property Fund's value of 14.20% is 303.4% above this benchmark. While the company's 10-year median is 8.87 vs. the industry median of 3.52, Delta Property Fund 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 REITs company?
The median Earnings Yield (Joel Greenblatt) % among REITs companies is 3.52, based on 953 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. Delta Property Fund's current Earnings Yield (Joel Greenblatt) % of 14.20% is 303.4% 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 Delta Property Fund and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Property Fund's current Earnings Yield (Joel Greenblatt) % is 14.20%, which is 60% above median its own 10-year median of 8.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delta Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Delta Property Fund (JSE:DLT) is currently considered Significantly Overvalued. The stock's GF Value™ is R0.23, compared to a current price of R0.35 — trading 52.2% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 14.20%, which is 60% above median its 10-year median of 8.87 and 303.4% above the REITs industry median of 3.52. Delta Property Fund's overall GF Score™ is 29/100 with 5 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 Delta Property Fund (JSE:DLT), the current Earnings Yield (Joel Greenblatt) % is 14.20% 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 Delta Property Fund (JSE:DLT) Overvalued in 2026?
Based on GuruFocus' analysis, Delta Property Fund stock appears to be overvalued.
The current stock price of R0.35 is trading 52.2% above its estimated GF Value™ of R0.23.
GuruFocus considers Delta Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:DLT:
Earnings Yield (Joel Greenblatt) %: 14.20% (60% above median its 10-year median of 8.87)
GF Value™: R0.23 vs. price of R0.35 (52.2% above fair value)
Industry Position: 303.4% above the REITs median (#61 of 953)
No single metric tells the full story. See the JSE:DLT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Delta Property Fund Ltd engages in making long-term investments in rental-generating properties. The company comprises three segments, namely, Office-Sovereign, Office-Other, and Head Office. The firm generates its revenue mainly from the Office Sovereign segment. The portfolio of the company consists of large assets, single tenanted by the national government, provincial government, state-owned enterprises, and large blue-chip corporations under long leases.
29GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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