Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Property For IndustryPYIYF +37.95%84 Earnings Yield (Joel Greenblatt) % is 6.30% as of Jun. 2026, which is 22% below its 10-year median of 8.06. GuruFocus rates PYIYF with a GF Score™ of 84/100 and a GF Value™ of $1.35. The stock has 7 warning signs investors should review. Among 954 REITs companies, Property For Industry ranks better than 82.39% on this metric.
Property For Industry's Enterprise Value for the quarter that ended in Jun. 2026 was $1,084.47 Mil.
Property For Industry's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $72.73 Mil. Property For Industry's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 6.30%.
The historical rank and industry rank for Property For Industry's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PYIYF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.11 Med: 8.06 Max: 28.33
Current: 6.38
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Property For Industry was 28.33%. The lowest was -4.11%. And the median was 8.06%.
PYIYF's Earnings Yield (Joel Greenblatt) % is ranked better than 82.39% of 954
companies
in the REITs industry
Industry Median: 3.53
vs PYIYF: 6.38
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) %. Property For Industry's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
Property For Industry (OTCPK:PYIYF) 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.
Property For Industry Earnings Yield (Joel Greenblatt) % Related Terms
Property For Industry Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Property For Industry'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.
Property For Industry Earnings Yield (Joel Greenblatt) % Chart
For the REIT - Industrial subindustry, Property For Industry'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.
Property For Industry Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Property For Industry's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Property For Industry's Earnings Yield (Joel Greenblatt) % falls into.
Property For Industry 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.
Property For Industrys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2026 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
What does a Earnings Yield (Joel Greenblatt) % of 6.30% mean?
Property For Industry (PYIYF) has a Earnings Yield (Joel Greenblatt) % of 6.30% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Property For Industry and its competitors. This is 22% below median its historical median of 8.06. According to the industry distribution chart, Property For Industry ranks #168 out of 954 companies in the REITs industry, placing it in the top 17.6%.
Is Property For Industry's Earnings Yield (Joel Greenblatt) % too high?
Property For Industry's current Earnings Yield (Joel Greenblatt) % of 6.30% is 22% below median its 10-year median of 8.06. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.53. Property For Industry's value of 6.30% is 78.5% above this industry median. Based on the distribution chart, Property For Industry ranks #168 out of 954 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Property For Industry has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Property For Industry's Earnings Yield (Joel Greenblatt) % compare to PLD and PSA?
According to the REITs industry distribution chart, Property For Industry ranks #168 out of 954 companies for Earnings Yield (Joel Greenblatt) %. This places Property For Industry in the top 18% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 3.53. Property For Industry's value of 6.30% is 78.5% above this benchmark. While the company's 10-year median is 8.06 vs. the industry median of 3.53, Property For Industry 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 3.53, based on 954 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. Property For Industry's current Earnings Yield (Joel Greenblatt) % of 6.30% is 78.5% 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 Property For Industry and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Property For Industry's current Earnings Yield (Joel Greenblatt) % is 6.30%, which is 22% below median its own 10-year median of 8.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Property For Industry stock overvalued right now?
Property For Industry (PYIYF) has a current Earnings Yield (Joel Greenblatt) % of 6.30%. The stock's GF Value™ is $1.35, compared to a current price of $1.26 — trading 6.7% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 6.30%, which is 22% below median its 10-year median of 8.06 and 78.5% above the REITs industry median of 3.53. Property For Industry's overall GF Score™ is 84/100 with 7 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 Property For Industry (PYIYF), the current Earnings Yield (Joel Greenblatt) % is 6.30% as of Jun. 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 Property For Industry (PYIYF) Overvalued in 2026?
Based on GuruFocus' analysis, Property For Industry stock appears to be undervalued.
The current stock price of $1.26 is trading 6.7% below its estimated GF Value™ of $1.35.
Key valuation signals for PYIYF:
Earnings Yield (Joel Greenblatt) %: 6.30% (22% below median its 10-year median of 8.06)
GF Value™: $1.35 vs. price of $1.26 (6.7% below fair value)
Industry Position: 78.5% above the REITs median (#168 of 954)
No single metric tells the full story. See the PYIYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Property For Industry Ltd is a New Zealand-based industrial property investment company. The company's portfolio is predominantly composed of industrial properties. Its investment properties are solely located in New Zealand, with the majority in Auckland and the remaining in other New Zealand cities. Its tenants encompass large enterprises such as Fisher and Paykel Appliances, Fletcher Building Products, Brambles, and Cottonsoft, among others. Rental and management fee income represents nearly all of its operating revenue.
84GF Score
Get the complete analysis for PYIYF
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PYIYF has been successfully added to your 
