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Construction PartnersROAD -1.40%92 Earnings Yield (Joel Greenblatt) % is 3.37% as of Mar. 2026, which is 10% above its 10-year median of 3.07. GuruFocus rates ROAD with a GF Score™ of 92/100 and a GF Value™ of $121.98 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,798 Construction companies, Construction Partners ranks worse than 64.29% on this metric.
Construction Partners's Enterprise Value for the quarter that ended in Mar. 2026 was $8,049 Mil.
Construction Partners's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $271 Mil. Construction Partners's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 3.37%.
The historical rank and industry rank for Construction Partners's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ROAD'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.32 Med: 3.07 Max: 15.47
Current: 3.59
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of Construction Partners was 15.47%. The lowest was 1.32%. And the median was 3.07%.
ROAD's Earnings Yield (Joel Greenblatt) % is ranked worse than 64.29% of 1798
companies
in the Construction industry
Industry Median: 6.26
vs ROAD: 3.59
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) %. Construction Partners's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 21.10%. 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.
Construction Partners (NAS:ROAD) 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.
Construction Partners Earnings Yield (Joel Greenblatt) % Related Terms
Construction Partners Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Construction Partners'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.
Construction Partners Earnings Yield (Joel Greenblatt) % Chart
For the Engineering & Construction subindustry, Construction Partners'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.
Construction Partners Earnings Yield (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Construction Partners's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Construction Partners's Earnings Yield (Joel Greenblatt) % falls into.
Construction Partners 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.
Construction Partnerss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2025 is calculated as
Construction Partners'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 $271 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 3.37% mean?
Construction Partners (ROAD) has a Earnings Yield (Joel Greenblatt) % of 3.37% 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 Construction Partners and its competitors. This is 10% above median its historical median of 3.07. Over the past decade, Construction Partners' Earnings Yield (Joel Greenblatt) % has ranged from 1.32 to 15.47. According to the industry distribution chart, Construction Partners ranks #1156 out of 1798 companies in the Construction industry, placing it in the top 64.3%.
Is Construction Partners' Earnings Yield (Joel Greenblatt) % too high?
Construction Partners' current Earnings Yield (Joel Greenblatt) % of 3.37% is 10% above median its 10-year median of 3.07. Over the past 10 years, this metric has ranged from a low of 1.32 to a high of 15.47. The Construction industry median Earnings Yield (Joel Greenblatt) % is 6.26. Construction Partners' value of 3.37% is 46.2% below this industry median. Based on the distribution chart, Construction Partners ranks #1156 out of 1798 companies in the Construction industry, which is below the industry midpoint. Overall, Construction Partners has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Construction Partners' Earnings Yield (Joel Greenblatt) % compare to GVA and ACA?
According to the Construction industry distribution chart, Construction Partners ranks #1156 out of 1798 companies for Earnings Yield (Joel Greenblatt) %. This places Construction Partners in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.26. Construction Partners' value of 3.37% is 46.2% below this benchmark. Historically, Construction Partners' own Earnings Yield (Joel Greenblatt) % has ranged from 1.32 to 15.47 over the past decade. While the company's 10-year median is 3.07 vs. the industry median of 6.26, Construction Partners has consistently been below 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 Construction company?
The median Earnings Yield (Joel Greenblatt) % among Construction companies is 6.26, based on 1,798 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. Construction Partners's current Earnings Yield (Joel Greenblatt) % of 3.37% is 46.2% below 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 Construction Partners and its competitors. For the Construction industry, the median Earnings Yield (Joel Greenblatt) % is 6.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Construction Partners's current Earnings Yield (Joel Greenblatt) % is 3.37%, which is 10% above median its own 10-year median of 3.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Construction Partners stock overvalued right now?
Based on GuruFocus' analysis, Construction Partners (ROAD) is currently considered Modestly Undervalued. The stock's GF Value™ is $121.98, compared to a current price of $102.41 — trading 16% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 3.37%, which is 10% above median its 10-year median of 3.07 and 46.2% below the Construction industry median of 6.26. Construction Partners' overall GF Score™ is 92/100 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 Construction Partners (ROAD), the current Earnings Yield (Joel Greenblatt) % is 3.37% 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 Construction Partners (ROAD) Overvalued in 2026?
Based on GuruFocus' analysis, Construction Partners stock appears to be undervalued.
The current stock price of $102.41 is trading 16% below its estimated GF Value™ of $121.98.
GuruFocus considers Construction Partners to be Modestly Undervalued.
Key valuation signals for ROAD:
Earnings Yield (Joel Greenblatt) %: 3.37% (10% above median its 10-year median of 3.07)
GF Value™: $121.98 vs. price of $102.41 (16% below fair value)
Industry Position: 46.2% below the Construction median (#1156 of 1798)
No single metric tells the full story. See the ROAD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Construction Partners Inc operates as a civil infrastructure company. It specializes in the construction and maintenance of roadways. The company through its subsidiaries, provides various products and services to both public and private infrastructure projects, with an emphasis on highways, roads, bridges, airports, and commercial and residential developments. Its operations consist of manufacturing and distributing hot mix asphalt, paving activities, including the construction of roadway base layers and application of asphalt pavement, site development, including the installation of utility and drainage systems, and others. The company has a single segment which predominantly consists of infrastructure and road construction, and operates across various states in the United States.
92GF 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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