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Tokura Construction CoNGO:1892 57 Earnings Yield (Joel Greenblatt) % is 47.85% as of Mar. 2026, which is 32% above its 10-year median of 36.17. GuruFocus rates NGO:1892 with a GF Score™ of 57/100 and a GF Value™ of 円4,653.27 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,810 Construction companies, Tokura Construction Co ranks better than 99.12% on this metric.
Tokura Construction Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円6,878 Mil.
Tokura Construction Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円3,758 Mil. Tokura Construction Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 47.85%.
The historical rank and industry rank for Tokura Construction Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NGO:1892'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -15571.98 Med: 36.17 Max: 3605.65
Current: 156.25
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tokura Construction Co was 3605.65%. The lowest was -15571.98%. And the median was 36.17%.
NGO:1892's Earnings Yield (Joel Greenblatt) % is ranked better than 99.12% of 1810
companies
in the Construction industry
Industry Median: 6.49
vs NGO:1892: 156.25
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) %. Tokura Construction Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 10.99%. 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.
Tokura Construction Co (NGO:1892) 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.
Tokura Construction Co Earnings Yield (Joel Greenblatt) % Related Terms
Tokura Construction Co Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Tokura Construction Co'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.
Tokura Construction Co Earnings Yield (Joel Greenblatt) % Chart
For the Engineering & Construction subindustry, Tokura Construction Co'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.
Tokura Construction Co Earnings Yield (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Tokura Construction Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tokura Construction Co's Earnings Yield (Joel Greenblatt) % falls into.
Tokura Construction Co 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.
Tokura Construction Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Tokura Construction Co'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 円3,758 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 47.85% mean?
Tokura Construction Co (NGO:1892) has a Earnings Yield (Joel Greenblatt) % of 47.85% 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 Tokura Construction Co and its competitors. This is 32% above median its historical median of 36.17. According to the industry distribution chart, Tokura Construction Co ranks #16 out of 1810 companies in the Construction industry, placing it in the top 0.90000000000001%.
Is Tokura Construction Co's Earnings Yield (Joel Greenblatt) % too high?
Tokura Construction Co's current Earnings Yield (Joel Greenblatt) % of 47.85% is 32% above median its 10-year median of 36.17. The Construction industry median Earnings Yield (Joel Greenblatt) % is 6.49. Tokura Construction Co's value of 47.85% is 637.3% above this industry median. Based on the distribution chart, Tokura Construction Co ranks #16 out of 1810 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Tokura Construction Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokura Construction Co's Earnings Yield (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Tokura Construction Co ranks #16 out of 1810 companies for Earnings Yield (Joel Greenblatt) %. This places Tokura Construction Co in the top 1% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 6.49. Tokura Construction Co's value of 47.85% is 637.3% above this benchmark. While the company's 10-year median is 36.17 vs. the industry median of 6.49, Tokura Construction Co 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 6.49, based on 1,810 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. Tokura Construction Co's current Earnings Yield (Joel Greenblatt) % of 47.85% is 637.3% 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 Tokura Construction Co and its competitors. For the Construction industry, the median Earnings Yield (Joel Greenblatt) % is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokura Construction Co's current Earnings Yield (Joel Greenblatt) % is 47.85%, which is 32% above median its own 10-year median of 36.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokura Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Tokura Construction Co (NGO:1892) is currently considered Significantly Overvalued. The stock's GF Value™ is 円4,653.27, compared to a current price of 円7,810.00 — trading 67.8% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 47.85%, which is 32% above median its 10-year median of 36.17 and 637.3% above the Construction industry median of 6.49. Tokura Construction Co's overall GF Score™ is 57/100 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 Tokura Construction Co (NGO:1892), the current Earnings Yield (Joel Greenblatt) % is 47.85% 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 Tokura Construction Co (NGO:1892) Overvalued in 2026?
Based on GuruFocus' analysis, Tokura Construction Co stock appears to be overvalued.
The current stock price of 円7,810.00 is trading 67.8% above its estimated GF Value™ of 円4,653.27.
GuruFocus considers Tokura Construction Co to be Significantly Overvalued.
Key valuation signals for NGO:1892:
Earnings Yield (Joel Greenblatt) %: 47.85% (32% above median its 10-year median of 36.17)
GF Value™: 円4,653.27 vs. price of 円7,810.00 (67.8% above fair value)
Industry Position: 637.3% above the Construction median (#16 of 1810)
No single metric tells the full story. See the NGO:1892 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokura Construction Co Ltd is a Japan-based company engaged in the business of engineering and construction works. Its operations are carried out through the following business divisions: Construction, Civil Engineering, Real Estate, and Others. It generates the majority of its revenue from the Construction segment.
57GF Score
Get the complete analysis for NGO:1892
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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