Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Mercia Asset ManagementLSE:MERC 49 Earnings Yield (Joel Greenblatt) % is -8.29% as of Mar. 2026. GuruFocus rates LSE:MERC with a GF Score™ of 49/100 and a GF Value™ of £0.33 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,628 Asset Management companies, Mercia Asset Management ranks worse than 91.71% on this metric.
Mercia Asset Management's Enterprise Value for the quarter that ended in Mar. 2026 was £91.46 Mil.
Mercia Asset Management's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was £-7.58 Mil. Mercia Asset Management's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was -8.29%.
The historical rank and industry rank for Mercia Asset Management's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LSE:MERC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -57.44 Med: 0.13 Max: 61.44
Current: -8.59
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Mercia Asset Management was 61.44%. The lowest was -57.44%. And the median was 0.13%.
LSE:MERC's Earnings Yield (Joel Greenblatt) % is ranked worse than 91.71% of 1628
companies
in the Asset Management industry
Industry Median: 0
vs LSE:MERC: -8.59
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) %. Mercia Asset Management'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.
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.
Mercia Asset Management Earnings Yield (Joel Greenblatt) % Related Terms
Mercia Asset Management Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Mercia Asset Management'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.
For the Asset Management subindustry, Mercia Asset Management'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.
Mercia Asset Management Earnings Yield (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Mercia Asset Management's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mercia Asset Management's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Mercia Asset Managements 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 -8.29% mean?
Mercia Asset Management (LSE:MERC) has a Earnings Yield (Joel Greenblatt) % of -8.29% 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 Mercia Asset Management and its competitors. According to the industry distribution chart, Mercia Asset Management ranks #1493 out of 1628 companies in the Asset Management industry, placing it in the top 91.7%.
Is Mercia Asset Management's Earnings Yield (Joel Greenblatt) % too high?
Mercia Asset Management's current Earnings Yield (Joel Greenblatt) % is -8.29%. Based on the distribution chart, Mercia Asset Management ranks #1493 out of 1628 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Mercia Asset Management has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mercia Asset Management's Earnings Yield (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Mercia Asset Management ranks #1493 out of 1628 companies for Earnings Yield (Joel Greenblatt) %. This places Mercia Asset Management in the lower half of its industry. 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 Asset Management company?
A good Earnings Yield (Joel Greenblatt) % depends on the Asset Management industry context. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Mercia Asset Management and its competitors. Mercia Asset Management's current Earnings Yield (Joel Greenblatt) % is -8.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercia Asset Management stock overvalued right now?
Based on GuruFocus' analysis, Mercia Asset Management (LSE:MERC) is currently considered Modestly Undervalued. The stock's GF Value™ is £0.33, compared to a current price of £0.27 — trading 18.2% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is -8.29%. Mercia Asset Management's overall GF Score™ is 49/100 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 Mercia Asset Management (LSE:MERC), the current Earnings Yield (Joel Greenblatt) % is -8.29% 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 Mercia Asset Management (LSE:MERC) Overvalued in 2026?
Based on GuruFocus' analysis, Mercia Asset Management stock appears to be undervalued.
The current stock price of £0.27 is trading 18.2% below its estimated GF Value™ of £0.33.
GuruFocus considers Mercia Asset Management to be Modestly Undervalued.
Key valuation signals for LSE:MERC:
Earnings Yield (Joel Greenblatt) %: -8.29%
GF Value™: £0.33 vs. price of £0.27 (18.2% below fair value)
No single metric tells the full story. See the LSE:MERC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercia Asset Management PLC is a specialist asset manager focusing on supporting regional SMEs. The company provides capital across its four asset classes proprietary balance sheet capital, venture capital, private equity, and debt. The company initially nurtures businesses via its third-party funds under management and then, over time, provides further funding to the companies by deploying direct investment follow-on capital from its balance sheet. It has more than eight offices in the UK region, approx. 20 university partnerships and extensive personal networks, providing it with access to high-quality deal flow.
49GF Score
Get the complete analysis for LSE:MERC
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:MERC has been successfully added to your 
