Real Fastigheter AB (NGM:REAL) Earnings Yield (Joel Greenblatt) %: 7.62% (As of Mar. 2026) — 62% Above Median

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.

NGM:REAL Real Fastigheter AB NGM:REAL
64 GF Score
Price kr10.00
GF Value kr10.23
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Real Fastigheter AB Earnings Yield (Joel Greenblatt) %?

Real Fastigheter AB NGM:REAL 64 Earnings Yield (Joel Greenblatt) % is 7.62% as of Mar. 2026, which is 62% above its 10-year median of 4.71. GuruFocus rates NGM:REAL with a GF Score™ of 64/100 and a GF Value™ of kr10.23 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,829 Real Estate companies, Real Fastigheter AB ranks better than 65.23% on this metric.

Real Fastigheter AB's Enterprise Value for the quarter that ended in Mar. 2026 was kr757.1 Mil. Real Fastigheter AB's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was kr57.7 Mil. Real Fastigheter AB's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 7.62%.

The historical rank and industry rank for Real Fastigheter AB's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

NGM:REAL' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.57   Med: 4.71   Max: 18.93
Current: 7.47

During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Real Fastigheter AB was 18.93%. The lowest was -7.57%. And the median was 4.71%.

NGM:REAL's Earnings Yield (Joel Greenblatt) % is ranked better than
65.23% of 1829 companies
in the Real Estate industry
Industry Median: 4.69 vs NGM:REAL: 7.47

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) %. Real Fastigheter AB's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was -62.13%. 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.


Real Fastigheter AB  (NGM:REAL) 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.


Real Fastigheter AB Earnings Yield (Joel Greenblatt) % Related Terms


Real Fastigheter AB Earnings Yield (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Real Fastigheter AB'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.

Real Fastigheter AB Earnings Yield (Joel Greenblatt) % Chart

Real Fastigheter AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.29 10.29 7.50 12.38 5.24

Real Fastigheter AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 11.71 11.20 7.66 5.24 7.62

NGM:REAL vs CBRE, BEKE, JLL: Earnings Yield (Joel Greenblatt) % Comparison

For the Real Estate Services subindustry, Real Fastigheter AB'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.


Real Fastigheter AB Earnings Yield (Joel Greenblatt) % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Real Fastigheter AB's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Real Fastigheter AB's Earnings Yield (Joel Greenblatt) % falls into.


NGM:REAL
64GF Score
Real Fastigheter AB NGM:REAL
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Real Fastigheter AB 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.

Real Fastigheter ABs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=51.6/985.3788
=5.24 %

Real Fastigheter AB'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 kr57.7 Mil.


What does a Earnings Yield (Joel Greenblatt) % of 7.62% mean?
Real Fastigheter AB (NGM:REAL) has a Earnings Yield (Joel Greenblatt) % of 7.62% 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 Real Fastigheter AB and its competitors. This is 62% above median its historical median of 4.71. According to the industry distribution chart, Real Fastigheter AB ranks #636 out of 1829 companies in the Real Estate industry, placing it in the top 34.8%.
Is Real Fastigheter AB's Earnings Yield (Joel Greenblatt) % too high?
Real Fastigheter AB's current Earnings Yield (Joel Greenblatt) % of 7.62% is 62% above median its 10-year median of 4.71. The Real Estate industry median Earnings Yield (Joel Greenblatt) % is 4.69. Real Fastigheter AB's value of 7.62% is 62.5% above this industry median. Based on the distribution chart, Real Fastigheter AB ranks #636 out of 1829 companies in the Real Estate industry, which is above the industry midpoint. Overall, Real Fastigheter AB has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Real Fastigheter AB's Earnings Yield (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Real Fastigheter AB ranks #636 out of 1829 companies for Earnings Yield (Joel Greenblatt) %. This puts Real Fastigheter AB in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 4.69. Real Fastigheter AB's value of 7.62% is 62.5% above this benchmark. While the company's 10-year median is 4.71 vs. the industry median of 4.69, Real Fastigheter AB 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 4.69, based on 1,829 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. Real Fastigheter AB's current Earnings Yield (Joel Greenblatt) % of 7.62% is 62.5% 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 Real Fastigheter AB and its competitors. For the Real Estate industry, the median Earnings Yield (Joel Greenblatt) % is 4.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Real Fastigheter AB's current Earnings Yield (Joel Greenblatt) % is 7.62%, which is 62% above median its own 10-year median of 4.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Real Fastigheter AB stock overvalued right now?
Based on GuruFocus' analysis, Real Fastigheter AB (NGM:REAL) is currently considered Fairly Valued. The stock's GF Value™ is kr10.23, compared to a current price of kr10.00 — trading 2.2% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 7.62%, which is 62% above median its 10-year median of 4.71 and 62.5% above the Real Estate industry median of 4.69. Real Fastigheter AB's overall GF Score™ is 64/100 with 8 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 Real Fastigheter AB (NGM:REAL), the current Earnings Yield (Joel Greenblatt) % is 7.62% 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 Real Fastigheter AB (NGM:REAL) Overvalued in 2026?

Based on GuruFocus' analysis, Real Fastigheter AB stock appears to be undervalued. The current stock price of kr10.00 is trading 2.2% below its estimated GF Value™ of kr10.23. GuruFocus considers Real Fastigheter AB to be Fairly Valued.

Key valuation signals for NGM:REAL:

  • Earnings Yield (Joel Greenblatt) %: 7.62% (62% above median its 10-year median of 4.71)
  • GF Value™: kr10.23 vs. price of kr10.00 (2.2% below fair value)
  • GF Score™: 64/100 with 8 warning signs
  • Industry Position: 62.5% above the Real Estate median (#636 of 1829)

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


Real Fastigheter AB Business Description

Address Forumvagen 14, Nacka, SWE, 131 53
Real Fastigheter AB acquires, owns, and manages real estate properties in Sweden. The company business is diversified into segments such as manufacturing, light industry, warehousing, and logistics. Its project portfolio includes Habo, Torsas, Landskrona, Anderstorp Tora, Gislaved, Karlskrona, Tranas and others.
64GF Score

Get the complete analysis for NGM:REAL

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

kr10.00
Price
kr10.23
GF Value