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Shandong Iron & Steel CoSHSE:600022 +0.75%54 Earnings Yield (Joel Greenblatt) % is 3.14% as of Jun. 2026, which is 24% below its 10-year median of 4.13. GuruFocus rates SHSE:600022 with a GF Score™ of 54/100 and a GF Value™ of ¥1.18 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 633 Steel companies, Shandong Iron & Steel Co ranks worse than 61.61% on this metric.
Shandong Iron & Steel Co's Enterprise Value for the quarter that ended in Jun. 2026 was ¥38,881 Mil.
Shandong Iron & Steel Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ¥1,221 Mil. Shandong Iron & Steel Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 3.14%.
The historical rank and industry rank for Shandong Iron & Steel Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SHSE:600022'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.55 Med: 4.13 Max: 19.77
Current: 3.06
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Shandong Iron & Steel Co was 19.77%. The lowest was -6.55%. And the median was 4.13%.
SHSE:600022's Earnings Yield (Joel Greenblatt) % is ranked worse than 61.61% of 633
companies
in the Steel industry
Industry Median: 5.68
vs SHSE:600022: 3.06
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) %. Shandong Iron & Steel Co'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.
Shandong Iron & Steel Co (SHSE:600022) 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.
Shandong Iron & Steel Co Earnings Yield (Joel Greenblatt) % Related Terms
Shandong Iron & Steel Co Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Shandong Iron & Steel Co'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.
Shandong Iron & Steel Co Earnings Yield (Joel Greenblatt) % Chart
For the Steel subindustry, Shandong Iron & Steel Co'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.
Shandong Iron & Steel Co Earnings Yield (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Shandong Iron & Steel Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shandong Iron & Steel Co's Earnings Yield (Joel Greenblatt) % falls into.
Shandong Iron & Steel Co 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.
Shandong Iron & Steel Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Shandong Iron & Steel Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥1,221 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 3.14% mean?
Shandong Iron & Steel Co (SHSE:600022) has a Earnings Yield (Joel Greenblatt) % of 3.14% 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 Shandong Iron & Steel Co and its competitors. This is 24% below median its historical median of 4.13. According to the industry distribution chart, Shandong Iron & Steel Co ranks #390 out of 633 companies in the Steel industry, placing it in the top 61.6%.
Is Shandong Iron & Steel Co's Earnings Yield (Joel Greenblatt) % too high?
Shandong Iron & Steel Co's current Earnings Yield (Joel Greenblatt) % of 3.14% is 24% below median its 10-year median of 4.13. The Steel industry median Earnings Yield (Joel Greenblatt) % is 5.68. Shandong Iron & Steel Co's value of 3.14% is 44.7% below this industry median. Based on the distribution chart, Shandong Iron & Steel Co ranks #390 out of 633 companies in the Steel industry, which is below the industry midpoint. Overall, Shandong Iron & Steel Co has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Iron & Steel Co's Earnings Yield (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Shandong Iron & Steel Co ranks #390 out of 633 companies for Earnings Yield (Joel Greenblatt) %. This places Shandong Iron & Steel Co in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.68. Shandong Iron & Steel Co's value of 3.14% is 44.7% below this benchmark. While the company's 10-year median is 4.13 vs. the industry median of 5.68, Shandong Iron & Steel Co 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 Steel company?
The median Earnings Yield (Joel Greenblatt) % among Steel companies is 5.68, based on 633 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. Shandong Iron & Steel Co's current Earnings Yield (Joel Greenblatt) % of 3.14% is 44.7% 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 Shandong Iron & Steel Co and its competitors. For the Steel industry, the median Earnings Yield (Joel Greenblatt) % is 5.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Iron & Steel Co's current Earnings Yield (Joel Greenblatt) % is 3.14%, which is 24% below median its own 10-year median of 4.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Iron & Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Iron & Steel Co (SHSE:600022) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥1.18, compared to a current price of ¥1.34 — trading 13.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 3.14%, which is 24% below median its 10-year median of 4.13 and 44.7% below the Steel industry median of 5.68. Shandong Iron & Steel Co's overall GF Score™ is 54/100 with 9 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 Shandong Iron & Steel Co (SHSE:600022), the current Earnings Yield (Joel Greenblatt) % is 3.14% 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 Shandong Iron & Steel Co (SHSE:600022) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Iron & Steel Co stock appears to be overvalued.
The current stock price of ¥1.34 is trading 13.6% above its estimated GF Value™ of ¥1.18.
GuruFocus considers Shandong Iron & Steel Co to be Modestly Overvalued.
Key valuation signals for SHSE:600022:
Earnings Yield (Joel Greenblatt) %: 3.14% (24% below median its 10-year median of 4.13)
GF Value™: ¥1.18 vs. price of ¥1.34 (13.6% above fair value)
Industry Position: 44.7% below the Steel median (#390 of 633)
No single metric tells the full story. See the SHSE:600022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Iron & Steel Co Ltd is a China-based company engaged in manufacturing and marketing steel materials. The company produces cold-formed steel, galvanized coil, composite board, hot rolled equal angle steel, hot-rolled channel steel and other products.
54GF 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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