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SM Prime HoldingsPHS:SMPH -1.09%90 Earnings Yield (Joel Greenblatt) % is 7.54% as of Mar. 2026, which is 94% above its 10-year median of 3.88. GuruFocus rates PHS:SMPH with a GF Score™ of 90/100 and a GF Value™ of ₱28.32 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,827 Real Estate companies, SM Prime Holdings ranks better than 67.38% on this metric.
SM Prime Holdings's Enterprise Value for the quarter that ended in Mar. 2026 was ₱980,942 Mil.
SM Prime Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₱73,925 Mil. SM Prime Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 7.54%.
The historical rank and industry rank for SM Prime Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PHS:SMPH'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.09 Med: 3.88 Max: 8.21
Current: 8.08
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of SM Prime Holdings was 8.21%. The lowest was 2.09%. And the median was 3.88%.
PHS:SMPH's Earnings Yield (Joel Greenblatt) % is ranked better than 67.38% of 1827
companies
in the Real Estate industry
Industry Median: 4.74
vs PHS:SMPH: 8.08
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) %. SM Prime Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 28.65%. 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.
SM Prime Holdings (PHS:SMPH) 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.
SM Prime Holdings Earnings Yield (Joel Greenblatt) % Related Terms
SM Prime Holdings Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for SM Prime Holdings'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.
SM Prime Holdings Earnings Yield (Joel Greenblatt) % Chart
SM Prime Holdings Earnings Yield (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Diversified subindustry, SM Prime Holdings'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.
SM Prime Holdings Earnings Yield (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, SM Prime Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SM Prime Holdings's Earnings Yield (Joel Greenblatt) % falls into.
SM Prime Holdings 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.
SM Prime Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
SM Prime Holdings'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 ₱73,925 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 7.54% mean?
SM Prime Holdings (PHS:SMPH) has a Earnings Yield (Joel Greenblatt) % of 7.54% 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 SM Prime Holdings and its competitors. This is 94% above median its historical median of 3.88. Over the past decade, SM Prime Holdings' Earnings Yield (Joel Greenblatt) % has ranged from 2.09 to 8.21. According to the industry distribution chart, SM Prime Holdings ranks #596 out of 1827 companies in the Real Estate industry, placing it in the top 32.6%.
Is SM Prime Holdings' Earnings Yield (Joel Greenblatt) % too high?
SM Prime Holdings' current Earnings Yield (Joel Greenblatt) % of 7.54% is 94% above median its 10-year median of 3.88. Over the past 10 years, this metric has ranged from a low of 2.09 to a high of 8.21. The Real Estate industry median Earnings Yield (Joel Greenblatt) % is 4.74. SM Prime Holdings' value of 7.54% is 59.1% above this industry median. Based on the distribution chart, SM Prime Holdings ranks #596 out of 1827 companies in the Real Estate industry, which is above the industry midpoint. Overall, SM Prime Holdings has a GF Score™ of 90/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SM Prime Holdings' Earnings Yield (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, SM Prime Holdings ranks #596 out of 1827 companies for Earnings Yield (Joel Greenblatt) %. This puts SM Prime Holdings in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 4.74. SM Prime Holdings' value of 7.54% is 59.1% above this benchmark. Historically, SM Prime Holdings' own Earnings Yield (Joel Greenblatt) % has ranged from 2.09 to 8.21 over the past decade. While the company's 10-year median is 3.88 vs. the industry median of 4.74, SM Prime Holdings 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 Real Estate company?
The median Earnings Yield (Joel Greenblatt) % among Real Estate companies is 4.74, based on 1,827 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. SM Prime Holdings's current Earnings Yield (Joel Greenblatt) % of 7.54% is 59.1% 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 SM Prime Holdings and its competitors. For the Real Estate industry, the median Earnings Yield (Joel Greenblatt) % is 4.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SM Prime Holdings's current Earnings Yield (Joel Greenblatt) % is 7.54%, which is 94% above median its own 10-year median of 3.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SM Prime Holdings stock overvalued right now?
Based on GuruFocus' analysis, SM Prime Holdings (PHS:SMPH) is currently considered Possible Value Trap. The stock's GF Value™ is ₱28.32, compared to a current price of ₱18.20 — trading 35.7% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 7.54%, which is 94% above median its 10-year median of 3.88 and 59.1% above the Real Estate industry median of 4.74. SM Prime Holdings' overall GF Score™ is 90/100 with 4 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 SM Prime Holdings (PHS:SMPH), the current Earnings Yield (Joel Greenblatt) % is 7.54% 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 SM Prime Holdings (PHS:SMPH) Overvalued in 2026?
Based on GuruFocus' analysis, SM Prime Holdings stock appears to be undervalued.
The current stock price of ₱18.20 is trading 35.7% below its estimated GF Value™ of ₱28.32.
GuruFocus considers SM Prime Holdings to be Possible Value Trap.
Key valuation signals for PHS:SMPH:
Earnings Yield (Joel Greenblatt) %: 7.54% (94% above median its 10-year median of 3.88)
GF Value™: ₱28.32 vs. price of ₱18.20 (35.7% below fair value)
Industry Position: 59.1% above the Real Estate median (#596 of 1827)
No single metric tells the full story. See the PHS:SMPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SM Prime Holdings Inc is an integrated property developer. It is engaged in acquiring and developing real estate, conducting and maintaining commercial shopping centers, and constructing and managing buildings such as condominiums, apartments, hotels, restaurants, stores, and other structures for mixed-use purposes. The company has four business segments, namely, malls, residential, commercial, and integrated property developments and hotels and convention centers. It generates maximum revenue from the Malls segment, which develops, conducts, operates, and maintains the business of commercial shopping centers for rent, amusement centers, or cinema theaters within the compound of the shopping centers.
90GF 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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