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Smart (J) (Contractors)LSE:SMJ +0.89%55 Earnings Yield (Joel Greenblatt) % is 17.01% as of Jan. 2026, which is 68% above its 10-year median of 10.12. GuruFocus rates LSE:SMJ with a GF Score™ of 55/100 and a GF Value™ of £2.27 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,808 Construction companies, Smart (J) (Contractors) ranks better than 88.66% on this metric.
Smart (J) (Contractors)'s Enterprise Value for the quarter that ended in Jan. 2026 was £39.90 Mil.
Smart (J) (Contractors)'s EBIT for the trailing twelve months (TTM) ended in Jan. 2026 was £6.86 Mil. Smart (J) (Contractors)'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2026 was 17.01%.
The historical rank and industry rank for Smart (J) (Contractors)'s Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LSE:SMJ'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10.52 Med: 10.12 Max: 32.76
Current: 21.18
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Smart (J) (Contractors) was 32.76%. The lowest was -10.52%. And the median was 10.12%.
LSE:SMJ's Earnings Yield (Joel Greenblatt) % is ranked better than 88.66% of 1808
companies
in the Construction industry
Industry Median: 6.445
vs LSE:SMJ: 21.18
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) %. Smart (J) (Contractors)'s Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2026 was -17.56%. 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.
Smart (J) (Contractors) Earnings Yield (Joel Greenblatt) % Related Terms
Smart (J) (Contractors) Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Smart (J) (Contractors)'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 Engineering & Construction subindustry, Smart (J) (Contractors)'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.
Smart (J) (Contractors) Earnings Yield (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Smart (J) (Contractors)'s Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Smart (J) (Contractors)'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.
Smart (J) (Contractors)s Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jul. 2025 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 17.01% mean?
Smart (J) (Contractors) (LSE:SMJ) has a Earnings Yield (Joel Greenblatt) % of 17.01% as of Jan. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Smart (J) (Contractors) and its competitors. This is 68% above median its historical median of 10.12. According to the industry distribution chart, Smart (J) (Contractors) ranks #205 out of 1808 companies in the Construction industry, placing it in the top 11.3%.
Is Smart (J) (Contractors)'s Earnings Yield (Joel Greenblatt) % too high?
Smart (J) (Contractors)'s current Earnings Yield (Joel Greenblatt) % of 17.01% is 68% above median its 10-year median of 10.12. The Construction industry median Earnings Yield (Joel Greenblatt) % is 6.45. Smart (J) (Contractors)'s value of 17.01% is 163.9% above this industry median. Based on the distribution chart, Smart (J) (Contractors) ranks #205 out of 1808 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Smart (J) (Contractors) has a GF Score™ of 55/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Smart (J) (Contractors)'s Earnings Yield (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Smart (J) (Contractors) ranks #205 out of 1808 companies for Earnings Yield (Joel Greenblatt) %. This places Smart (J) (Contractors) in the top 11% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 6.45. Smart (J) (Contractors)'s value of 17.01% is 163.9% above this benchmark. While the company's 10-year median is 10.12 vs. the industry median of 6.45, Smart (J) (Contractors) 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 Construction company?
The median Earnings Yield (Joel Greenblatt) % among Construction companies is 6.45, based on 1,808 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. Smart (J) (Contractors)'s current Earnings Yield (Joel Greenblatt) % of 17.01% is 163.9% 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 Smart (J) (Contractors) and its competitors. For the Construction industry, the median Earnings Yield (Joel Greenblatt) % is 6.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart (J) (Contractors)'s current Earnings Yield (Joel Greenblatt) % is 17.01%, which is 68% above median its own 10-year median of 10.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart (J) (Contractors) stock overvalued right now?
Based on GuruFocus' analysis, Smart (J) (Contractors) (LSE:SMJ) is currently considered Significantly Undervalued. The stock's GF Value™ is £2.27, compared to a current price of £1.14 — trading 50% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 17.01%, which is 68% above median its 10-year median of 10.12 and 163.9% above the Construction industry median of 6.45. Smart (J) (Contractors)'s overall GF Score™ is 55/100 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 Smart (J) (Contractors) (LSE:SMJ), the current Earnings Yield (Joel Greenblatt) % is 17.01% as of Jan. 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 Smart (J) (Contractors) (LSE:SMJ) Overvalued in 2026?
Based on GuruFocus' analysis, Smart (J) (Contractors) stock appears to be undervalued.
The current stock price of £1.14 is trading 50% below its estimated GF Value™ of £2.27.
GuruFocus considers Smart (J) (Contractors) to be Significantly Undervalued.
Key valuation signals for LSE:SMJ:
Earnings Yield (Joel Greenblatt) %: 17.01% (68% above median its 10-year median of 10.12)
GF Value™: £2.27 vs. price of £1.14 (50% below fair value)
Industry Position: 163.9% above the Construction median (#205 of 1808)
No single metric tells the full story. See the LSE:SMJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart (J) & Co (Contractors) PLC is a construction company. Its activities include building and civil engineering contracting, a residential development for sale, and the development of industrial and commercial property for lease and sale. The main construction activity undertaken by the company is that of social housing for several housing associations and registered social landlords predominately in the Edinburgh area. It has a portfolio of self-financed industrial and commercial properties that are owned and managed by its subsidiary company. The investment properties are located throughout the central belt of Scotland and in the Edinburgh area.
55GF 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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