NDGPF (Nine Dragons Paper (Holdings)) Earnings Yield (Joel Greenblatt) %: 0.00% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NDGPF Nine Dragons Paper (Holdings) Ltd NDGPF
49 GF Score
Price $0.95
GF Value $0.54
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Nine Dragons Paper (Holdings) Earnings Yield (Joel Greenblatt) %?

Nine Dragons Paper (Holdings) NDGPF 49 Earnings Yield (Joel Greenblatt) % is 0.00% as of Dec. 2025. GuruFocus rates NDGPF with a GF Score™ of 49/100 and a GF Value™ of $0.54 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 288 Forest Products companies, Nine Dragons Paper (Holdings) ranks better than 59.03% on this metric.

Nine Dragons Paper (Holdings)'s Enterprise Value for the quarter that ended in Dec. 2025 was $13,227 Mil. Nine Dragons Paper (Holdings)'s EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $830 Mil. Nine Dragons Paper (Holdings)'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2025 was 0.00%.

The historical rank and industry rank for Nine Dragons Paper (Holdings)'s Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

NDGPF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.71   Med: 7.6   Max: 22.18
Current: 5.47

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Nine Dragons Paper (Holdings) was 22.18%. The lowest was -2.71%. And the median was 7.60%.

NDGPF's Earnings Yield (Joel Greenblatt) % is ranked better than
59.03% of 288 companies
in the Forest Products industry
Industry Median: 3.835 vs NDGPF: 5.47

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) %. Nine Dragons Paper (Holdings)'s Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 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.


Nine Dragons Paper (Holdings)  (OTCPK:NDGPF) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Nine Dragons Paper (Holdings) Earnings Yield (Joel Greenblatt) % Related Terms


Nine Dragons Paper (Holdings) Earnings Yield (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Nine Dragons Paper (Holdings)'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.

Nine Dragons Paper (Holdings) Earnings Yield (Joel Greenblatt) % Chart

Nine Dragons Paper (Holdings) Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.41 6.73 -2.38 3.76 5.20

Nine Dragons Paper (Holdings) Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 3.76 0.00 5.20 0.00

Nine Dragons Paper (Holdings) Earnings Yield (Joel Greenblatt) % Competitor Comparison

For the Paper & Paper Products subindustry, Nine Dragons Paper (Holdings)'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.


Nine Dragons Paper (Holdings) Earnings Yield (Joel Greenblatt) % vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nine Dragons Paper (Holdings)'s Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Nine Dragons Paper (Holdings)'s Earnings Yield (Joel Greenblatt) % falls into.


NDGPF
49GF Score
Nine Dragons Paper (Holdings) Ltd NDGPF
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nine Dragons Paper (Holdings) 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.

Nine Dragons Paper (Holdings)s Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2025 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=581.049/11088.652632
=5.24 %

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 0.00% mean?
Nine Dragons Paper (Holdings) (NDGPF) has a Earnings Yield (Joel Greenblatt) % of 0.00% as of Dec. 2025. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Nine Dragons Paper (Holdings) and its competitors. According to the industry distribution chart, Nine Dragons Paper (Holdings) ranks #118 out of 288 companies in the Forest Products industry, placing it in the top 41%.
Is Nine Dragons Paper (Holdings)'s Earnings Yield (Joel Greenblatt) % too high?
Nine Dragons Paper (Holdings)'s current Earnings Yield (Joel Greenblatt) % is 0.00%. Based on the distribution chart, Nine Dragons Paper (Holdings) ranks #118 out of 288 companies in the Forest Products industry, which is above the industry midpoint. Overall, Nine Dragons Paper (Holdings) has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nine Dragons Paper (Holdings)'s Earnings Yield (Joel Greenblatt) % compare to competitors?
According to the Forest Products industry distribution chart, Nine Dragons Paper (Holdings) ranks #118 out of 288 companies for Earnings Yield (Joel Greenblatt) %. This puts Nine Dragons Paper (Holdings) in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.84. 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 Forest Products company?
The median Earnings Yield (Joel Greenblatt) % among Forest Products companies is 3.84, based on 288 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. 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 Nine Dragons Paper (Holdings) and its competitors. For the Forest Products industry, the median Earnings Yield (Joel Greenblatt) % is 3.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nine Dragons Paper (Holdings)'s current Earnings Yield (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nine Dragons Paper (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Nine Dragons Paper (Holdings) (NDGPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.54, compared to a current price of $0.95 — trading 75.9% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 0.00%. Nine Dragons Paper (Holdings)'s overall GF Score™ is 49/100 with 6 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 Nine Dragons Paper (Holdings) (NDGPF), the current Earnings Yield (Joel Greenblatt) % is 0.00% as of Dec. 2025. 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 Nine Dragons Paper (Holdings) (NDGPF) Overvalued in 2026?

Based on GuruFocus' analysis, Nine Dragons Paper (Holdings) stock appears to be overvalued. The current stock price of $0.95 is trading 75.9% above its estimated GF Value™ of $0.54. GuruFocus considers Nine Dragons Paper (Holdings) to be Significantly Overvalued.

Key valuation signals for NDGPF:

  • Earnings Yield (Joel Greenblatt) %: 0.00%
  • GF Value™: $0.54 vs. price of $0.95 (75.9% above fair value)
  • GF Score™: 49/100 with 6 warning signs

No single metric tells the full story. See the NDGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nine Dragons Paper (Holdings) Business Description

Other Exchanges NDGPY:USA02689:Hong Kong
Address No.12, Xincheng Road, Songshan Lake High-Tech Industrial Development Zone, Guangdong Province, Dongguan, CHN
Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company is a pulp and paper manufacturing group specializing in the integrated production of pulp and paper, with main products including various kinds of environmentally friendly packaging paper, printing and writing paper, high-end virgin paper, and products from the entire upstream and downstream production chain. Covering the full industry spectrum, it offers kraftlinerboard, testlinerboard, white top linerboard, coated linerboard, bleached folding boxboard, high-performance corrugating medium, coated duplex board, gypsum board cover paper, and more.
49GF Score

Get the complete analysis for NDGPF

Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.95
Price
$0.54
GF Value