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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Altern EnergyKAR:ALTN -1.96%35 Earnings Yield (Joel Greenblatt) % is 63.82% as of Mar. 2026, which is 265% above its 10-year median of 17.48. GuruFocus rates KAR:ALTN with a GF Score™ of 35/100 and a GF Value™ of ₨0.69 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 481 Utilities - Independent Power Producers companies, Altern Energy ranks worse than 207900% on this metric.
Altern Energy's Enterprise Value for the quarter that ended in Mar. 2026 was ₨-1,853.7 Mil.
Altern Energy's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₨-980.5 Mil. Altern Energy's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 63.82%.
The historical rank and industry rank for Altern Energy's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
KAR:ALTN'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3394.27 Med: 17.48 Max: 81.3
Current: 76.69
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Altern Energy was 81.30%. The lowest was -3394.27%. And the median was 17.48%.
KAR:ALTN's Earnings Yield (Joel Greenblatt) % is not ranked
in the Utilities - Independent Power Producers industry.
Industry Median: 3.16
vs KAR:ALTN: 76.69
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) %. Altern Energy'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.
Altern Energy (KAR:ALTN) 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.
Altern Energy Earnings Yield (Joel Greenblatt) % Related Terms
Altern Energy Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Altern Energy'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.
Altern Energy Earnings Yield (Joel Greenblatt) % Chart
For the Utilities - Independent Power Producers subindustry, Altern Energy'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.
Altern Energy Earnings Yield (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Altern Energy's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Altern Energy's Earnings Yield (Joel Greenblatt) % falls into.
Altern Energy 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.
Altern Energys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2025 is calculated as
Altern Energy'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 ₨-980.5 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 63.82% mean?
Altern Energy (KAR:ALTN) has a Earnings Yield (Joel Greenblatt) % of 63.82% 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 Altern Energy and its competitors. This is 265% above median its historical median of 17.48. According to the industry distribution chart, Altern Energy ranks #999999 out of 481 companies in the Utilities - Independent Power Producers industry.
Is Altern Energy's Earnings Yield (Joel Greenblatt) % too high?
Altern Energy's current Earnings Yield (Joel Greenblatt) % of 63.82% is 265% above median its 10-year median of 17.48. The Utilities - Independent Power Producers industry median Earnings Yield (Joel Greenblatt) % is 3.16. Altern Energy's value of 63.82% is 1919.6% above this industry median. Based on the distribution chart, Altern Energy ranks #999999 out of 481 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Altern Energy has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altern Energy's Earnings Yield (Joel Greenblatt) % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Altern Energy ranks #999999 out of 481 companies for Earnings Yield (Joel Greenblatt) %. This places Altern Energy in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.16. Altern Energy's value of 63.82% is 1919.6% above this benchmark. While the company's 10-year median is 17.48 vs. the industry median of 3.16, Altern Energy 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 3.16, based on 481 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. Altern Energy's current Earnings Yield (Joel Greenblatt) % of 63.82% is 1919.6% 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 Altern Energy and its competitors. For the Utilities - Independent Power Producers industry, the median Earnings Yield (Joel Greenblatt) % is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altern Energy's current Earnings Yield (Joel Greenblatt) % is 63.82%, which is 265% above median its own 10-year median of 17.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altern Energy stock overvalued right now?
Based on GuruFocus' analysis, Altern Energy (KAR:ALTN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨0.69, compared to a current price of ₨6.49 — trading 840.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 63.82%, which is 265% above median its 10-year median of 17.48 and 1919.6% above the Utilities - Independent Power Producers industry median of 3.16. Altern Energy's overall GF Score™ is 35/100 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 Altern Energy (KAR:ALTN), the current Earnings Yield (Joel Greenblatt) % is 63.82% 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 Altern Energy (KAR:ALTN) Overvalued in 2026?
Based on GuruFocus' analysis, Altern Energy stock appears to be overvalued.
The current stock price of ₨6.49 is trading 840.6% above its estimated GF Value™ of ₨0.69.
GuruFocus considers Altern Energy to be Significantly Overvalued.
Key valuation signals for KAR:ALTN:
Earnings Yield (Joel Greenblatt) %: 63.82% (265% above median its 10-year median of 17.48)
GF Value™: ₨0.69 vs. price of ₨6.49 (840.6% above fair value)
Industry Position: 1919.6% above the Utilities - Independent Power Producers median (#999999 of 481)
No single metric tells the full story. See the KAR:ALTN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altern Energy Ltd generates and supplies electric power to the Water and Power Development Authority of Pakistan from its thermal power plant. It operates in the engineering, power, chemicals, and agriculture sectors. The company's principal activity is to build, own, operate, and maintain a gas-fired power plant having a gross capacity of 32 Mega Watts.
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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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