Steel Partners Holdings LP's Enterprise Value for the quarter that ended in Sep. 2025 was $466 Mil.
Steel Partners Holdings LP's EBIT for the trailing twelve months (TTM) ended in Sep. 2025 was $384 Mil. Steel Partners Holdings LP's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2025 was 82.64%.
The historical rank and industry rank for Steel Partners Holdings LP's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SPLP'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.91 Med: 15.97 Max: 72.5
Current: 62.5
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Steel Partners Holdings LP was 72.50%. The lowest was 2.91%. And the median was 15.97%.
SPLP's Earnings Yield (Joel Greenblatt) % is not ranked
in the Conglomerates industry.
Industry Median: 6.35
vs SPLP: 62.50
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) %. Steel Partners Holdings LP's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2025 was 22.76%. 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.
The historical data trend for Steel Partners Holdings LP'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.
For the Conglomerates subindustry, Steel Partners Holdings LP'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.
Steel Partners Holdings LP Earnings Yield (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Steel Partners Holdings LP's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Steel Partners Holdings LP's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Steel Partners Holdings LPs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2024 is calculated as
Steel Partners Holdings LP's EBIT for the trailing twelve months (TTM) ended in Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $384 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 82.64% mean?
Steel Partners Holdings LP (SPLP) has a Earnings Yield (Joel Greenblatt) % of 82.64% as of Sep. 2025. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Steel Partners Holdings LP and its competitors. This is 417% above median its historical median of 15.97. Over the past decade, Steel Partners Holdings LP's Earnings Yield (Joel Greenblatt) % has ranged from 2.91 to 72.50.
Is Steel Partners Holdings LP's Earnings Yield (Joel Greenblatt) % too high?
Steel Partners Holdings LP's current Earnings Yield (Joel Greenblatt) % of 82.64% is 417% above median its 10-year median of 15.97. Over the past 10 years, this metric has ranged from a low of 2.91 to a high of 72.50. The Conglomerates industry median Earnings Yield (Joel Greenblatt) % is 6.35. Steel Partners Holdings LP's value of 82.64% is 1201.4% above this industry median. Overall, Steel Partners Holdings LP has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Steel Partners Holdings LP's Earnings Yield (Joel Greenblatt) % compare to MATW and DLX?
Steel Partners Holdings LP's Earnings Yield (Joel Greenblatt) % of 82.64% can be compared against companies in the Conglomerates industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.35. Steel Partners Holdings LP's value of 82.64% is 1201.4% above this benchmark. Historically, Steel Partners Holdings LP's own Earnings Yield (Joel Greenblatt) % has ranged from 2.91 to 72.50 over the past decade. While the company's 10-year median is 15.97 vs. the industry median of 6.35, Steel Partners Holdings LP 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 Conglomerates company?
The median Earnings Yield (Joel Greenblatt) % among Conglomerates companies is 6.35, based on 573 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. Steel Partners Holdings LP's current Earnings Yield (Joel Greenblatt) % of 82.64% is 1201.4% 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 Steel Partners Holdings LP and its competitors. For the Conglomerates industry, the median Earnings Yield (Joel Greenblatt) % is 6.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Partners Holdings LP's current Earnings Yield (Joel Greenblatt) % is 82.64%, which is 417% above median its own 10-year median of 15.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Partners Holdings LP stock overvalued right now?
Steel Partners Holdings LP (SPLP) has a current Earnings Yield (Joel Greenblatt) % of 82.64%. The stock's GF Value™ is $51.26, compared to a current price of $50.00 — trading 2.5% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 82.64%, which is 417% above median its 10-year median of 15.97 and 1201.4% above the Conglomerates industry median of 6.35. Steel Partners Holdings LP'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 Steel Partners Holdings LP (SPLP), the current Earnings Yield (Joel Greenblatt) % is 82.64% as of Sep. 2025. 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 Steel Partners Holdings LP (SPLP) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Partners Holdings LP stock appears to be undervalued.
The current stock price of $50.00 is trading 2.5% below its estimated GF Value™ of $51.26.
Key valuation signals for SPLP:
Earnings Yield (Joel Greenblatt) %: 82.64% (417% above median its 10-year median of 15.97)
GF Value™: $51.26 vs. price of $50.00 (2.5% below fair value)
Industry Position: 1201.4% above the Conglomerates median
No single metric tells the full story. See the SPLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. Its segments include the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, joining materials, tubing, building materials, performance materials etc; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in full range of banking activities; The Supply Chain segment consists of end-to-end world-wide supply; and Corporate and Other consists of equity method and other investments, and cash and cash equivalents.
66GF 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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