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PSP Swiss Property AGPSPSF -3.56%66 Earnings Yield (Joel Greenblatt) % is 5.10% as of Mar. 2026, which is 5% below its 10-year median of 5.38. GuruFocus rates PSPSF with a GF Score™ of 66/100 and a GF Value™ of $155.43. The stock has 5 warning signs investors should review. Among 1,830 Real Estate companies, PSP Swiss Property AG ranks better than 53.39% on this metric.
PSP Swiss Property AG's Enterprise Value for the quarter that ended in Mar. 2026 was $13,354.3 Mil.
PSP Swiss Property AG's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $673.3 Mil. PSP Swiss Property AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 5.10%.
The historical rank and industry rank for PSP Swiss Property AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PSPSF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.57 Med: 5.38 Max: 11.19
Current: 5.44
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of PSP Swiss Property AG was 11.19%. The lowest was 1.57%. And the median was 5.38%.
PSPSF's Earnings Yield (Joel Greenblatt) % is ranked better than 53.39% of 1830
companies
in the Real Estate industry
Industry Median: 4.76
vs PSPSF: 5.44
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) %. PSP Swiss Property AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was -4.66%. 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.
PSP Swiss Property AG Earnings Yield (Joel Greenblatt) % Related Terms
PSP Swiss Property AG Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for PSP Swiss Property AG'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.
PSP Swiss Property AG Earnings Yield (Joel Greenblatt) % Chart
For the Real Estate Services subindustry, PSP Swiss Property AG'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.
PSP Swiss Property AG Earnings Yield (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PSP Swiss Property AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PSP Swiss Property AG's Earnings Yield (Joel Greenblatt) % falls into.
PSP Swiss Property AG 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.
PSP Swiss Property AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
PSP Swiss Property AG'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 $673.3 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 5.10% mean?
PSP Swiss Property AG (PSPSF) has a Earnings Yield (Joel Greenblatt) % of 5.10% 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 PSP Swiss Property AG and its competitors. This is near median its historical median of 5.38. Over the past decade, PSP Swiss Property AG's Earnings Yield (Joel Greenblatt) % has ranged from 1.57 to 11.19. According to the industry distribution chart, PSP Swiss Property AG ranks #853 out of 1830 companies in the Real Estate industry, placing it in the top 46.6%.
Is PSP Swiss Property AG's Earnings Yield (Joel Greenblatt) % too high?
PSP Swiss Property AG's current Earnings Yield (Joel Greenblatt) % of 5.10% is near median its 10-year median of 5.38. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 11.19. The Real Estate industry median Earnings Yield (Joel Greenblatt) % is 4.76. PSP Swiss Property AG's value of 5.10% is 7.1% above this industry median. Based on the distribution chart, PSP Swiss Property AG ranks #853 out of 1830 companies in the Real Estate industry, which is above the industry midpoint. Overall, PSP Swiss Property AG has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does PSP Swiss Property AG's Earnings Yield (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, PSP Swiss Property AG ranks #853 out of 1830 companies for Earnings Yield (Joel Greenblatt) %. This puts PSP Swiss Property AG in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 4.76. PSP Swiss Property AG's value of 5.10% is 7.1% above this benchmark. Historically, PSP Swiss Property AG's own Earnings Yield (Joel Greenblatt) % has ranged from 1.57 to 11.19 over the past decade. While the company's 10-year median is 5.38 vs. the industry median of 4.76, PSP Swiss Property AG 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 4.76, based on 1,830 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. PSP Swiss Property AG's current Earnings Yield (Joel Greenblatt) % of 5.10% is 7.1% 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 PSP Swiss Property AG and its competitors. For the Real Estate industry, the median Earnings Yield (Joel Greenblatt) % is 4.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PSP Swiss Property AG's current Earnings Yield (Joel Greenblatt) % is 5.10%, which is near median its own 10-year median of 5.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PSP Swiss Property AG stock overvalued right now?
PSP Swiss Property AG (PSPSF) has a current Earnings Yield (Joel Greenblatt) % of 5.10%. The stock's GF Value™ is $155.43, compared to a current price of $180.89 — trading 16.4% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.10%, which is near median its 10-year median of 5.38 and 7.1% above the Real Estate industry median of 4.76. PSP Swiss Property AG's overall GF Score™ is 66/100 with 5 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 PSP Swiss Property AG (PSPSF), the current Earnings Yield (Joel Greenblatt) % is 5.10% 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 PSP Swiss Property AG (PSPSF) Overvalued in 2026?
Based on GuruFocus' analysis, PSP Swiss Property AG stock appears to be overvalued.
The current stock price of $180.89 is trading 16.4% above its estimated GF Value™ of $155.43.
Key valuation signals for PSPSF:
Earnings Yield (Joel Greenblatt) %: 5.10% (near median its 10-year median of 5.38)
GF Value™: $155.43 vs. price of $180.89 (16.4% above fair value)
Industry Position: 7.1% above the Real Estate median (#853 of 1830)
No single metric tells the full story. See the PSPSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PSP Swiss Property AG is a general real estate company, with all its properties active in Switzerland. The company's operating segments are Real estate investments, Property management, and Holding. A majority of its revenue is generated from the Real estate investments segment, which comprises all properties of the Group, such as investment properties, investment properties for sale, own-used properties, development properties, as well as development projects for sale. Income in this segment is generated by the properties mainly in the form of rental income and net changes in fair value. The Property management segment includes all services and activities concerning the management of the company's real estate portfolio, and the Holding segment includes the traditional corporate functions.
66GF Score
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