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Nippon SteelNISTF +0.57%64 Earnings Yield (Joel Greenblatt) % is 3.36% as of Mar. 2026, which is 49% below its 10-year median of 6.64. GuruFocus rates NISTF with a GF Score™ of 64/100 and a GF Value™ of $4.61 (Fairly Valued). The stock has 11 warning signs investors should review. Among 631 Steel companies, Nippon Steel ranks worse than 61.17% on this metric.
Nippon Steel's Enterprise Value for the quarter that ended in Mar. 2026 was $51,546 Mil.
Nippon Steel's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $1,723 Mil. Nippon Steel's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 3.36%.
The historical rank and industry rank for Nippon Steel's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NISTF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -16.9 Med: 6.64 Max: 22.42
Current: 3.13
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Nippon Steel was 22.42%. The lowest was -16.90%. And the median was 6.64%.
NISTF's Earnings Yield (Joel Greenblatt) % is ranked worse than 61.17% of 631
companies
in the Steel industry
Industry Median: 5.29
vs NISTF: 3.13
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 Steel's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 13.39%. 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.
Nippon Steel Earnings Yield (Joel Greenblatt) % Related Terms
Nippon Steel Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Nippon Steel'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 Steel subindustry, Nippon Steel'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 Steel Earnings Yield (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Nippon Steel's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nippon Steel'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.
Nippon Steels Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Nippon Steel'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 $1,723 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 3.36% mean?
Nippon Steel (NISTF) has a Earnings Yield (Joel Greenblatt) % of 3.36% 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 Steel and its competitors. This is 49% below median its historical median of 6.64. According to the industry distribution chart, Nippon Steel ranks #386 out of 631 companies in the Steel industry, placing it in the top 61.2%.
Is Nippon Steel's Earnings Yield (Joel Greenblatt) % too high?
Nippon Steel's current Earnings Yield (Joel Greenblatt) % of 3.36% is 49% below median its 10-year median of 6.64. The Steel industry median Earnings Yield (Joel Greenblatt) % is 5.29. Nippon Steel's value of 3.36% is 36.5% below this industry median. Based on the distribution chart, Nippon Steel ranks #386 out of 631 companies in the Steel industry, which is below the industry midpoint. Overall, Nippon Steel has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nippon Steel's Earnings Yield (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Nippon Steel ranks #386 out of 631 companies for Earnings Yield (Joel Greenblatt) %. This places Nippon Steel in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.29. Nippon Steel's value of 3.36% is 36.5% below this benchmark. While the company's 10-year median is 6.64 vs. the industry median of 5.29, Nippon Steel has consistently been below 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 Steel company?
The median Earnings Yield (Joel Greenblatt) % among Steel companies is 5.29, based on 631 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 Steel's current Earnings Yield (Joel Greenblatt) % of 3.36% is 36.5% below 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 Steel and its competitors. For the Steel industry, the median Earnings Yield (Joel Greenblatt) % is 5.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Steel's current Earnings Yield (Joel Greenblatt) % is 3.36%, which is 49% below median its own 10-year median of 6.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Steel stock overvalued right now?
Based on GuruFocus' analysis, Nippon Steel (NISTF) is currently considered Fairly Valued. The stock's GF Value™ is $4.61, compared to a current price of $4.38 — trading 5% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 3.36%, which is 49% below median its 10-year median of 6.64 and 36.5% below the Steel industry median of 5.29. Nippon Steel's overall GF Score™ is 64/100 with 11 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 Steel (NISTF), the current Earnings Yield (Joel Greenblatt) % is 3.36% 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 Steel (NISTF) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Steel stock appears to be undervalued.
The current stock price of $4.38 is trading 5% below its estimated GF Value™ of $4.61.
GuruFocus considers Nippon Steel to be Fairly Valued.
Key valuation signals for NISTF:
Earnings Yield (Joel Greenblatt) %: 3.36% (49% below median its 10-year median of 6.64)
GF Value™: $4.61 vs. price of $4.38 (5% below fair value)
Industry Position: 36.5% below the Steel median (#386 of 631)
No single metric tells the full story. See the NISTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Steel Corp is mainly engaged in the steel manufacturing business, engineering business, chemical & material business, and system solution business. The company operates through four business segments. The Chemicals & Materials segment manufactures and sells coal chemicals, petrochemicals, electronic materials, semiconductors, carbon fibers, composites, and processed metal products. The Engineering segment handles industrial machinery, steel structures, construction contracting, waste disposal, recycling, and energy supply. The Steel segment focuses on the production and sale of steel products. The System Solutions segment provides IT consulting, outsourcing, and related services. It generates the majority of its revenue from the Steel segment.
64GF 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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