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Pure CyclePCYO +1.36%72 Earnings Yield (Joel Greenblatt) % is 7.89% as of May. 2026, which is 161% above its 10-year median of 3.02. GuruFocus rates PCYO with a GF Score™ of 72/100 and a GF Value™ of $14.47 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 508 Utilities - Regulated companies, Pure Cycle ranks better than 57.87% on this metric.
Pure Cycle's Enterprise Value for the quarter that ended in May. 2026 was $255.43 Mil.
Pure Cycle's EBIT for the trailing twelve months (TTM) ended in May. 2026 was $20.14 Mil. Pure Cycle's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2026 was 7.89%.
The historical rank and industry rank for Pure Cycle's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PCYO'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.11 Med: 3.02 Max: 10.21
Current: 7.56
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Pure Cycle was 10.21%. The lowest was -3.11%. And the median was 3.02%.
PCYO's Earnings Yield (Joel Greenblatt) % is ranked better than 57.87% of 508
companies
in the Utilities - Regulated industry
Industry Median: 6.56
vs PCYO: 7.56
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) %. Pure Cycle's Forward Rate of Return (Yacktman) % for the quarter that ended in May. 2026 was 3.35%. 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.
Pure Cycle (NAS:PCYO) 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.
Pure Cycle Earnings Yield (Joel Greenblatt) % Related Terms
Pure Cycle Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Pure Cycle'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.
Pure Cycle Earnings Yield (Joel Greenblatt) % Chart
For the Utilities - Regulated Water subindustry, Pure Cycle'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.
Pure Cycle Earnings Yield (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Pure Cycle's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Pure Cycle's Earnings Yield (Joel Greenblatt) % falls into.
Pure Cycle 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.
Pure Cycles Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2025 is calculated as
Pure Cycle's EBIT for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $20.14 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 7.89% mean?
Pure Cycle (PCYO) has a Earnings Yield (Joel Greenblatt) % of 7.89% as of May. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Pure Cycle and its competitors. This is 161% above median its historical median of 3.02. According to the industry distribution chart, Pure Cycle ranks #214 out of 508 companies in the Utilities - Regulated industry, placing it in the top 42.1%.
Is Pure Cycle's Earnings Yield (Joel Greenblatt) % too high?
Pure Cycle's current Earnings Yield (Joel Greenblatt) % of 7.89% is 161% above median its 10-year median of 3.02. The Utilities - Regulated industry median Earnings Yield (Joel Greenblatt) % is 6.56. Pure Cycle's value of 7.89% is 20.3% above this industry median. Based on the distribution chart, Pure Cycle ranks #214 out of 508 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Pure Cycle has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pure Cycle's Earnings Yield (Joel Greenblatt) % compare to CDZI and GWRS?
According to the Utilities - Regulated industry distribution chart, Pure Cycle ranks #214 out of 508 companies for Earnings Yield (Joel Greenblatt) %. This puts Pure Cycle in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.56. Pure Cycle's value of 7.89% is 20.3% above this benchmark. While the company's 10-year median is 3.02 vs. the industry median of 6.56, Pure Cycle 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 an Utilities - Regulated company?
The median Earnings Yield (Joel Greenblatt) % among Utilities - Regulated companies is 6.56, based on 508 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. Pure Cycle's current Earnings Yield (Joel Greenblatt) % of 7.89% is 20.3% 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 Pure Cycle and its competitors. For the Utilities - Regulated industry, the median Earnings Yield (Joel Greenblatt) % is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pure Cycle's current Earnings Yield (Joel Greenblatt) % is 7.89%, which is 161% above median its own 10-year median of 3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pure Cycle stock overvalued right now?
Based on GuruFocus' analysis, Pure Cycle (PCYO) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.47, compared to a current price of $10.82 — trading 25.2% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 7.89%, which is 161% above median its 10-year median of 3.02 and 20.3% above the Utilities - Regulated industry median of 6.56. Pure Cycle's overall GF Score™ is 72/100 with 2 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 Pure Cycle (PCYO), the current Earnings Yield (Joel Greenblatt) % is 7.89% as of May. 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 Pure Cycle (PCYO) Overvalued in 2026?
Based on GuruFocus' analysis, Pure Cycle stock appears to be undervalued.
The current stock price of $10.82 is trading 25.2% below its estimated GF Value™ of $14.47.
GuruFocus considers Pure Cycle to be Modestly Undervalued.
Key valuation signals for PCYO:
Earnings Yield (Joel Greenblatt) %: 7.89% (161% above median its 10-year median of 3.02)
GF Value™: $14.47 vs. price of $10.82 (25.2% below fair value)
Industry Position: 20.3% above the Utilities - Regulated median (#214 of 508)
No single metric tells the full story. See the PCYO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pure Cycle Corp is a diversified land and water resource development company. The company designs, constructs, manages, operates, and maintains water and wastewater systems. The firm operates in three business segments namely Water and wastewater resource development, Land development, and the Single-Family Rental Segment. It generates maximum revenue from the Land development segment. The land resource development segment includes all the activities necessary to develop and sell finished lots.
72GF 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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