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.
Melcor DevelopmentsMODVF 79 Earnings Yield (Joel Greenblatt) % is 13.53% as of Mar. 2026, which is 55% above its 10-year median of 8.75. GuruFocus rates MODVF with a GF Score™ of 79/100 and a GF Value™ of $11.00 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,826 Real Estate companies, Melcor Developments ranks better than 83.35% on this metric.
Melcor Developments's Enterprise Value for the quarter that ended in Mar. 2026 was $721.4 Mil.
Melcor Developments's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $97.7 Mil. Melcor Developments's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 13.53%.
The historical rank and industry rank for Melcor Developments's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MODVF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.49 Med: 8.75 Max: 14.47
Current: 13.62
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Melcor Developments was 14.47%. The lowest was -3.49%. And the median was 8.75%.
MODVF's Earnings Yield (Joel Greenblatt) % is ranked better than 83.35% of 1826
companies
in the Real Estate industry
Industry Median: 4.765
vs MODVF: 13.62
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) %. Melcor Developments'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.
Melcor Developments Earnings Yield (Joel Greenblatt) % Related Terms
Melcor Developments Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Melcor Developments'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 Real Estate - Development subindustry, Melcor Developments'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.
Melcor Developments Earnings Yield (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Melcor Developments's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Melcor Developments'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.
Melcor Developmentss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Melcor Developments'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 $97.7 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 13.53% mean?
Melcor Developments (MODVF) has a Earnings Yield (Joel Greenblatt) % of 13.53% 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 Melcor Developments and its competitors. This is 55% above median its historical median of 8.75. According to the industry distribution chart, Melcor Developments ranks #304 out of 1826 companies in the Real Estate industry, placing it in the top 16.6%.
Is Melcor Developments' Earnings Yield (Joel Greenblatt) % too high?
Melcor Developments' current Earnings Yield (Joel Greenblatt) % of 13.53% is 55% above median its 10-year median of 8.75. The Real Estate industry median Earnings Yield (Joel Greenblatt) % is 4.77. Melcor Developments' value of 13.53% is 183.9% above this industry median. Based on the distribution chart, Melcor Developments ranks #304 out of 1826 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Melcor Developments has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Melcor Developments' Earnings Yield (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Melcor Developments ranks #304 out of 1826 companies for Earnings Yield (Joel Greenblatt) %. This places Melcor Developments in the top 17% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 4.77. Melcor Developments' value of 13.53% is 183.9% above this benchmark. While the company's 10-year median is 8.75 vs. the industry median of 4.77, Melcor Developments 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 Real Estate company?
The median Earnings Yield (Joel Greenblatt) % among Real Estate companies is 4.77, based on 1,826 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. Melcor Developments's current Earnings Yield (Joel Greenblatt) % of 13.53% is 183.9% 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 Melcor Developments and its competitors. For the Real Estate industry, the median Earnings Yield (Joel Greenblatt) % is 4.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melcor Developments's current Earnings Yield (Joel Greenblatt) % is 13.53%, which is 55% above median its own 10-year median of 8.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melcor Developments stock overvalued right now?
Based on GuruFocus' analysis, Melcor Developments (MODVF) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.00, compared to a current price of $13.52 — trading 22.9% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 13.53%, which is 55% above median its 10-year median of 8.75 and 183.9% above the Real Estate industry median of 4.77. Melcor Developments' overall GF Score™ is 79/100 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 Melcor Developments (MODVF), the current Earnings Yield (Joel Greenblatt) % is 13.53% 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 Melcor Developments (MODVF) Overvalued in 2026?
Based on GuruFocus' analysis, Melcor Developments stock appears to be overvalued.
The current stock price of $13.52 is trading 22.9% above its estimated GF Value™ of $11.00.
GuruFocus considers Melcor Developments to be Modestly Overvalued.
Key valuation signals for MODVF:
Earnings Yield (Joel Greenblatt) %: 13.53% (55% above median its 10-year median of 8.75)
GF Value™: $11.00 vs. price of $13.52 (22.9% above fair value)
Industry Position: 183.9% above the Real Estate median (#304 of 1826)
No single metric tells the full story. See the MODVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions includes Land: acquires raw land and plans residential communities and commercial developments, Properties: owns and operates a portfolio of commercial and residential properties and development of commercial properties, Golf: owning and operating championship golf courses associated with residential communities, Corporate: orchestrates strategic planning, financial governance, risk mitigation guiding the organization through dynamic market shifts towards sustained and adaptive success.
79GF Score
Get the complete analysis for MODVF
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
MODVF has been successfully added to your 
