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MREITPHS:MREIT +0.58%62 Earnings Yield (Joel Greenblatt) % is 7.52% as of Mar. 2026, which is 35% above its 10-year median of 5.59. GuruFocus rates PHS:MREIT with a GF Score™ of 62/100 and a GF Value™ of ₱13.64 (Fairly Valued). The stock has 2 warning signs investors should review. Among 966 REITs companies, MREIT ranks better than 77.33% on this metric.
MREIT's Enterprise Value for the quarter that ended in Mar. 2026 was ₱69,810 Mil.
MREIT's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₱5,251 Mil. MREIT's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 7.52%.
The historical rank and industry rank for MREIT's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PHS:MREIT'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.31 Med: 5.59 Max: 10.29
Current: 7.29
During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of MREIT was 10.29%. The lowest was 0.31%. And the median was 5.59%.
PHS:MREIT's Earnings Yield (Joel Greenblatt) % is ranked better than 77.33% of 966
companies
in the REITs industry
Industry Median: 3.445
vs PHS:MREIT: 7.29
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) %. MREIT'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.
MREIT Earnings Yield (Joel Greenblatt) % Related Terms
MREIT Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for MREIT'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 REIT - Office subindustry, MREIT'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.
MREIT Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, MREIT's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MREIT'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.
MREITs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
MREIT'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 ₱5,251 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 7.52% mean?
MREIT (PHS:MREIT) has a Earnings Yield (Joel Greenblatt) % of 7.52% 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 MREIT and its competitors. This is 35% above median its historical median of 5.59. Over the past decade, MREIT's Earnings Yield (Joel Greenblatt) % has ranged from 0.31 to 10.29. According to the industry distribution chart, MREIT ranks #219 out of 966 companies in the REITs industry, placing it in the top 22.7%.
Is MREIT's Earnings Yield (Joel Greenblatt) % too high?
MREIT's current Earnings Yield (Joel Greenblatt) % of 7.52% is 35% above median its 10-year median of 5.59. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 10.29. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.45. MREIT's value of 7.52% is 118.3% above this industry median. Based on the distribution chart, MREIT ranks #219 out of 966 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, MREIT has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MREIT's Earnings Yield (Joel Greenblatt) % compare to BXP and ARE?
According to the REITs industry distribution chart, MREIT ranks #219 out of 966 companies for Earnings Yield (Joel Greenblatt) %. This places MREIT in the top 23% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 3.45. MREIT's value of 7.52% is 118.3% above this benchmark. Historically, MREIT's own Earnings Yield (Joel Greenblatt) % has ranged from 0.31 to 10.29 over the past decade. While the company's 10-year median is 5.59 vs. the industry median of 3.45, MREIT 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 REITs company?
The median Earnings Yield (Joel Greenblatt) % among REITs companies is 3.45, based on 966 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. MREIT's current Earnings Yield (Joel Greenblatt) % of 7.52% is 118.3% 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 MREIT and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MREIT's current Earnings Yield (Joel Greenblatt) % is 7.52%, which is 35% above median its own 10-year median of 5.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MREIT stock overvalued right now?
Based on GuruFocus' analysis, MREIT (PHS:MREIT) is currently considered Fairly Valued. The stock's GF Value™ is ₱13.64, compared to a current price of ₱13.98 — trading 2.5% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 7.52%, which is 35% above median its 10-year median of 5.59 and 118.3% above the REITs industry median of 3.45. MREIT's overall GF Score™ is 62/100 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 MREIT (PHS:MREIT), the current Earnings Yield (Joel Greenblatt) % is 7.52% 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 MREIT (PHS:MREIT) Overvalued in 2026?
Based on GuruFocus' analysis, MREIT stock appears to be overvalued.
The current stock price of ₱13.98 is trading 2.5% above its estimated GF Value™ of ₱13.64.
GuruFocus considers MREIT to be Fairly Valued.
Key valuation signals for PHS:MREIT:
Earnings Yield (Joel Greenblatt) %: 7.52% (35% above median its 10-year median of 5.59)
GF Value™: ₱13.64 vs. price of ₱13.98 (2.5% above fair value)
Industry Position: 118.3% above the REITs median (#219 of 966)
No single metric tells the full story. See the PHS:MREIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MREIT Inc operates as a Real Estate Investment Trust. The company is formed to own and invest in an income-producing commercial portfolio of office, retail, and hotel properties in the Philippines that meets its investment criteria. The principal investment mandate and plan of the company is to invest in income-generating real estate that meets a select set of criteria, such as location, property grade and type, and tenant profile.
62GF Score
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