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Emira Property FundJSE:EMI +0.72%58 Earnings Yield (Joel Greenblatt) % is 10.59% as of Mar. 2026, which is 9% above its 10-year median of 9.72. GuruFocus rates JSE:EMI with a GF Score™ of 58/100 and a GF Value™ of R8.60 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 959 REITs companies, Emira Property Fund ranks better than 87.59% on this metric.
Emira Property Fund's Enterprise Value for the quarter that ended in Mar. 2026 was R10,789 Mil.
Emira Property Fund's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was R1,214 Mil. Emira Property Fund's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 10.59%.
The historical rank and industry rank for Emira Property Fund's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JSE:EMI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.97 Med: 9.72 Max: 27.76
Current: 10.96
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Emira Property Fund was 27.76%. The lowest was -3.97%. And the median was 9.72%.
JSE:EMI's Earnings Yield (Joel Greenblatt) % is ranked better than 87.59% of 959
companies
in the REITs industry
Industry Median: 3.55
vs JSE:EMI: 10.96
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) %. Emira Property Fund's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.
Emira Property Fund (JSE:EMI) 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.
Emira Property Fund Earnings Yield (Joel Greenblatt) % Related Terms
Emira Property Fund Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Emira 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.
Emira Property Fund Earnings Yield (Joel Greenblatt) % Chart
JSE:EMI vs VICI, WPC: Earnings Yield (Joel Greenblatt) % Comparison
For the REIT - Diversified subindustry, Emira 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.
Emira Property Fund Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Emira Property Fund's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Emira Property Fund's Earnings Yield (Joel Greenblatt) % falls into.
Emira 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.
Emira Property Funds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 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 10.59% mean?
Emira Property Fund (JSE:EMI) has a Earnings Yield (Joel Greenblatt) % of 10.59% 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 Emira Property Fund and its competitors. This is near median its historical median of 9.72. According to the industry distribution chart, Emira Property Fund ranks #119 out of 959 companies in the REITs industry, placing it in the top 12.4%.
Is Emira Property Fund's Earnings Yield (Joel Greenblatt) % too high?
Emira Property Fund's current Earnings Yield (Joel Greenblatt) % of 10.59% is near median its 10-year median of 9.72. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.55. Emira Property Fund's value of 10.59% is 198.3% above this industry median. Based on the distribution chart, Emira Property Fund ranks #119 out of 959 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Emira Property Fund has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emira Property Fund's Earnings Yield (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, Emira Property Fund ranks #119 out of 959 companies for Earnings Yield (Joel Greenblatt) %. This places Emira Property Fund in the top 12% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 3.55. Emira Property Fund's value of 10.59% is 198.3% above this benchmark. While the company's 10-year median is 9.72 vs. the industry median of 3.55, Emira 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 3.55, based on 959 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. Emira Property Fund's current Earnings Yield (Joel Greenblatt) % of 10.59% is 198.3% 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 Emira Property Fund and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emira Property Fund's current Earnings Yield (Joel Greenblatt) % is 10.59%, which is near median its own 10-year median of 9.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emira Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Emira Property Fund (JSE:EMI) is currently considered Significantly Overvalued. The stock's GF Value™ is R8.60, compared to a current price of R13.90 — trading 61.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 10.59%, which is near median its 10-year median of 9.72 and 198.3% above the REITs industry median of 3.55. Emira Property Fund's overall GF Score™ is 58/100 with 8 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 Emira Property Fund (JSE:EMI), the current Earnings Yield (Joel Greenblatt) % is 10.59% 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 Emira Property Fund (JSE:EMI) Overvalued in 2026?
Based on GuruFocus' analysis, Emira Property Fund stock appears to be overvalued.
The current stock price of R13.90 is trading 61.6% above its estimated GF Value™ of R8.60.
GuruFocus considers Emira Property Fund to be Significantly Overvalued.
Key valuation signals for JSE:EMI:
Earnings Yield (Joel Greenblatt) %: 10.59% (near median its 10-year median of 9.72)
GF Value™: R8.60 vs. price of R13.90 (61.6% above fair value)
Industry Position: 198.3% above the REITs median (#119 of 959)
No single metric tells the full story. See the JSE:EMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential, and industrial properties. The majority of the properties are in Gauteng, with the others in the Western Cape and KwaZulu-Natal. The company operates through five segments, namely: Office; Retail; Industrial; Residential; and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties. The residential segment comprises directly held residential property, and the corporate segment comprises the South African administration activities of the Group.
58GF Score
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