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CMCNGO:2185 74 Earnings Yield (Joel Greenblatt) % is 38.17% as of Mar. 2026, which is 0% above its 10-year median of 38.12. GuruFocus rates NGO:2185 with a GF Score™ of 74/100 and a GF Value™ of 円808.67. The stock has 3 warning signs investors should review. Among 2,914 Software companies, CMC ranks better than 95.98% on this metric.
CMC's Enterprise Value for the quarter that ended in Mar. 2026 was 円257 Mil.
CMC's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円4,116 Mil. CMC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 38.17%.
The historical rank and industry rank for CMC's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NGO:2185'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 12.25 Med: 38.12 Max: 168.94
Current: 35.59
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of CMC was 168.94%. The lowest was 12.25%. And the median was 38.12%.
NGO:2185's Earnings Yield (Joel Greenblatt) % is ranked better than 95.98% of 2914
companies
in the Software industry
Industry Median: 2.105
vs NGO:2185: 35.59
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) %. CMC'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.
CMC Earnings Yield (Joel Greenblatt) % Related Terms
CMC Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for CMC'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 Information Technology Services subindustry, CMC'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.
CMC Earnings Yield (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, CMC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CMC'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.
CMCs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2025 is calculated as
CMC'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4,116 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 38.17% mean?
CMC (NGO:2185) has a Earnings Yield (Joel Greenblatt) % of 38.17% 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 CMC and its competitors. This is near median its historical median of 38.12. Over the past decade, CMC's Earnings Yield (Joel Greenblatt) % has ranged from 12.25 to 168.94. According to the industry distribution chart, CMC ranks #117 out of 2914 companies in the Software industry, placing it in the top 4%.
Is CMC's Earnings Yield (Joel Greenblatt) % too high?
CMC's current Earnings Yield (Joel Greenblatt) % of 38.17% is near median its 10-year median of 38.12. Over the past 10 years, this metric has ranged from a low of 12.25 to a high of 168.94. The Software industry median Earnings Yield (Joel Greenblatt) % is 2.11. CMC's value of 38.17% is 1713.3% above this industry median. Based on the distribution chart, CMC ranks #117 out of 2914 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, CMC has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does CMC's Earnings Yield (Joel Greenblatt) % compare to IBM and ACN?
According to the Software industry distribution chart, CMC ranks #117 out of 2914 companies for Earnings Yield (Joel Greenblatt) %. This places CMC in the top 4% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 2.11. CMC's value of 38.17% is 1713.3% above this benchmark. Historically, CMC's own Earnings Yield (Joel Greenblatt) % has ranged from 12.25 to 168.94 over the past decade. While the company's 10-year median is 38.12 vs. the industry median of 2.11, CMC 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 Software company?
The median Earnings Yield (Joel Greenblatt) % among Software companies is 2.11, based on 2,914 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. CMC's current Earnings Yield (Joel Greenblatt) % of 38.17% is 1713.3% 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 CMC and its competitors. For the Software industry, the median Earnings Yield (Joel Greenblatt) % is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMC's current Earnings Yield (Joel Greenblatt) % is 38.17%, which is near median its own 10-year median of 38.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMC stock overvalued right now?
CMC (NGO:2185) has a current Earnings Yield (Joel Greenblatt) % of 38.17%. The stock's GF Value™ is 円808.67, compared to a current price of 円1,090.50 — trading 34.9% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 38.17%, which is near median its 10-year median of 38.12 and 1713.3% above the Software industry median of 2.11. CMC's overall GF Score™ is 74/100 with 3 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 CMC (NGO:2185), the current Earnings Yield (Joel Greenblatt) % is 38.17% 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 CMC (NGO:2185) Overvalued in 2026?
Based on GuruFocus' analysis, CMC stock appears to be overvalued.
The current stock price of 円1,090.50 is trading 34.9% above its estimated GF Value™ of 円808.67.
Key valuation signals for NGO:2185:
Earnings Yield (Joel Greenblatt) %: 38.17% (near median its 10-year median of 38.12)
GF Value™: 円808.67 vs. price of 円1,090.50 (34.9% above fair value)
Industry Position: 1713.3% above the Software median (#117 of 2914)
No single metric tells the full story. See the NGO:2185 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CMC Corp is a Japanese company engaged in writing and editing technical manuals for automakers in Japan. The business is comprised of marketing operations and system development operations.
74GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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