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Modiv IndustrialMDV 49 Earnings Yield (Joel Greenblatt) % is 5.14% as of Jun. 2026, which is 49% above its 10-year median of 3.45. GuruFocus rates MDV with a GF Scoreâ„¢ of 49/100 and a GF Valueâ„¢ of $13.09 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 953 REITs companies, Modiv Industrial ranks better than 63.69% on this metric.
Modiv Industrial's Enterprise Value for the quarter that ended in Jun. 2026 was $470.22 Mil.
Modiv Industrial's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $24.18 Mil. Modiv Industrial's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 5.14%.
The historical rank and industry rank for Modiv Industrial's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MDV'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.38 Med: 3.45 Max: 5.73
Current: 5.08
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Modiv Industrial was 5.73%. The lowest was -1.38%. And the median was 3.45%.
MDV's Earnings Yield (Joel Greenblatt) % is ranked better than 63.69% of 953
companies
in the REITs industry
Industry Median: 3.53
vs MDV: 5.08
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) %. Modiv Industrial's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 19.29%. 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.
Modiv Industrial Earnings Yield (Joel Greenblatt) % Related Terms
Modiv Industrial Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Modiv Industrial'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 REIT - Industrial subindustry, Modiv Industrial'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.
Modiv Industrial Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Modiv Industrial's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Modiv Industrial'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.
Modiv Industrials Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Modiv Industrial's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $24.18 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 5.14% mean?
Modiv Industrial (MDV) has a Earnings Yield (Joel Greenblatt) % of 5.14% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Modiv Industrial and its competitors. This is 49% above median its historical median of 3.45. According to the industry distribution chart, Modiv Industrial ranks #346 out of 953 companies in the REITs industry, placing it in the top 36.3%.
Is Modiv Industrial's Earnings Yield (Joel Greenblatt) % too high?
Modiv Industrial's current Earnings Yield (Joel Greenblatt) % of 5.14% is 49% above median its 10-year median of 3.45. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.53. Modiv Industrial's value of 5.14% is 45.6% above this industry median. Based on the distribution chart, Modiv Industrial ranks #346 out of 953 companies in the REITs industry, which is above the industry midpoint. Overall, Modiv Industrial has a GF Scoreâ„¢ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Modiv Industrial's Earnings Yield (Joel Greenblatt) % compare to ILPT and PLD?
According to the REITs industry distribution chart, Modiv Industrial ranks #346 out of 953 companies for Earnings Yield (Joel Greenblatt) %. This puts Modiv Industrial in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.53. Modiv Industrial's value of 5.14% is 45.6% above this benchmark. While the company's 10-year median is 3.45 vs. the industry median of 3.53, Modiv Industrial 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 3.53, 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. Modiv Industrial's current Earnings Yield (Joel Greenblatt) % of 5.14% is 45.6% 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 Modiv Industrial and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modiv Industrial's current Earnings Yield (Joel Greenblatt) % is 5.14%, which is 49% above median its own 10-year median of 3.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modiv Industrial stock overvalued right now?
Based on GuruFocus' analysis, Modiv Industrial (MDV) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.09, compared to a current price of $18.05 — trading 37.9% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.14%, which is 49% above median its 10-year median of 3.45 and 45.6% above the REITs industry median of 3.53. Modiv Industrial's overall GF Score™ is 49/100 with 12 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 Modiv Industrial (MDV), the current Earnings Yield (Joel Greenblatt) % is 5.14% as of Jun. 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 Modiv Industrial (MDV) Overvalued in 2026?
Based on GuruFocus' analysis, Modiv Industrial stock appears to be overvalued.
The current stock price of $18.05 is trading 37.9% above its estimated GF Value™ of $13.09.
GuruFocus considers Modiv Industrial to be Significantly Overvalued.
Key valuation signals for MDV:
Earnings Yield (Joel Greenblatt) %: 5.14% (49% above median its 10-year median of 3.45)
GF Value™: $13.09 vs. price of $18.05 (37.9% above fair value)
Industry Position: 45.6% above the REITs median (#346 of 953)
No single metric tells the full story. See the MDV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Modiv Industrial Inc is a pioneer in the direct-to-consumer commercial real estate product industry. It provides individual investors access to real estate and real estate-related investments designed to provide both income and long-term growth. The company has invested in single-tenant income-producing properties. Its current business consists of owning, managing, operating, leasing, acquiring, investing in, and disposing of commercial real estate assets utilized for industrial manufacturing, as well as a few non-core assets. All of the company's consolidated revenues are derived from the company's consolidated real estate properties.
49GF Score
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