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Nippon Air Conditioning Services CoNGO:4658 82 Earnings Yield (Joel Greenblatt) % is 11.14% as of Mar. 2026, which is 16% below its 10-year median of 13.34. GuruFocus rates NGO:4658 with a GF Score™ of 82/100 and a GF Value™ of 円1,221.61 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,101 Business Services companies, Nippon Air Conditioning Services Co ranks better than 70.94% on this metric.
The historical rank and industry rank for Nippon Air Conditioning Services Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NGO:4658'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.98 Med: 13.34 Max: 22.72
Current: 11.57
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Nippon Air Conditioning Services Co was 22.72%. The lowest was 7.98%. And the median was 13.34%.
NGO:4658's Earnings Yield (Joel Greenblatt) % is ranked better than 70.94% of 1101
companies
in the Business Services industry
Industry Median: 6.68
vs NGO:4658: 11.57
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) %. Nippon Air Conditioning Services Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 11.31%. 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.
Nippon Air Conditioning Services Co (NGO:4658) 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.
* 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.
Nippon Air Conditioning Services Co Earnings Yield (Joel Greenblatt) % Chart
For the Specialty Business Services subindustry, Nippon Air Conditioning Services 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.
Nippon Air Conditioning Services Co Earnings Yield (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Nippon Air Conditioning Services Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nippon Air Conditioning Services Co's Earnings Yield (Joel Greenblatt) % falls into.
Nippon Air Conditioning Services 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.
Nippon Air Conditioning Services 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5,599 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 11.14% mean?
Nippon Air Conditioning Services Co (NGO:4658) has a Earnings Yield (Joel Greenblatt) % of 11.14% 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 Nippon Air Conditioning Services Co and its competitors. This is 16% below median its historical median of 13.34. Over the past decade, Nippon Air Conditioning Services Co's Earnings Yield (Joel Greenblatt) % has ranged from 7.98 to 22.72. According to the industry distribution chart, Nippon Air Conditioning Services Co ranks #320 out of 1101 companies in the Business Services industry, placing it in the top 29.1%.
Is Nippon Air Conditioning Services Co's Earnings Yield (Joel Greenblatt) % too high?
Nippon Air Conditioning Services Co's current Earnings Yield (Joel Greenblatt) % of 11.14% is 16% below median its 10-year median of 13.34. Over the past 10 years, this metric has ranged from a low of 7.98 to a high of 22.72. The Business Services industry median Earnings Yield (Joel Greenblatt) % is 6.68. Nippon Air Conditioning Services Co's value of 11.14% is 66.8% above this industry median. Based on the distribution chart, Nippon Air Conditioning Services Co ranks #320 out of 1101 companies in the Business Services industry, which is above the industry midpoint. Overall, Nippon Air Conditioning Services Co has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Air Conditioning Services Co's Earnings Yield (Joel Greenblatt) % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Nippon Air Conditioning Services Co ranks #320 out of 1101 companies for Earnings Yield (Joel Greenblatt) %. This puts Nippon Air Conditioning Services Co in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.68. Nippon Air Conditioning Services Co's value of 11.14% is 66.8% above this benchmark. Historically, Nippon Air Conditioning Services Co's own Earnings Yield (Joel Greenblatt) % has ranged from 7.98 to 22.72 over the past decade. While the company's 10-year median is 13.34 vs. the industry median of 6.68, Nippon Air Conditioning Services 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 Business Services company?
The median Earnings Yield (Joel Greenblatt) % among Business Services companies is 6.68, based on 1,101 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. Nippon Air Conditioning Services Co's current Earnings Yield (Joel Greenblatt) % of 11.14% is 66.8% 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 Nippon Air Conditioning Services Co and its competitors. For the Business Services industry, the median Earnings Yield (Joel Greenblatt) % is 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Air Conditioning Services Co's current Earnings Yield (Joel Greenblatt) % is 11.14%, which is 16% below median its own 10-year median of 13.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Air Conditioning Services Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Air Conditioning Services Co (NGO:4658) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,221.61, compared to a current price of 円1,605.00 — trading 31.4% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 11.14%, which is 16% below median its 10-year median of 13.34 and 66.8% above the Business Services industry median of 6.68. Nippon Air Conditioning Services Co's overall GF Score™ is 82/100 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 Nippon Air Conditioning Services Co (NGO:4658), the current Earnings Yield (Joel Greenblatt) % is 11.14% 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 Nippon Air Conditioning Services Co (NGO:4658) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Air Conditioning Services Co stock appears to be overvalued.
The current stock price of 円1,605.00 is trading 31.4% above its estimated GF Value™ of 円1,221.61.
GuruFocus considers Nippon Air Conditioning Services Co to be Significantly Overvalued.
Key valuation signals for NGO:4658:
Earnings Yield (Joel Greenblatt) %: 11.14% (16% below median its 10-year median of 13.34)
GF Value™: 円1,221.61 vs. price of 円1,605.00 (31.4% above fair value)
Industry Position: 66.8% above the Business Services median (#320 of 1101)
No single metric tells the full story. See the NGO:4658 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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