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.
Steppe CementSPPCF 55 Earnings Yield (Joel Greenblatt) % is 13.00% as of Dec. 2025, which is 10% above its 10-year median of 11.87. GuruFocus rates SPPCF with a GF Score™ of 55/100 and a GF Value™ of $0.30. The stock has 7 warning signs investors should review. Among 415 Building Materials companies, Steppe Cement ranks better than 76.14% on this metric.
Steppe Cement's Enterprise Value for the quarter that ended in Dec. 2025 was $59.1 Mil.
Steppe Cement's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $5.7 Mil. Steppe Cement's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2025 was 13.00%.
The historical rank and industry rank for Steppe Cement's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SPPCF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.59 Med: 11.87 Max: 34.77
Current: 11.17
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Steppe Cement was 34.77%. The lowest was -5.59%. And the median was 11.87%.
SPPCF's Earnings Yield (Joel Greenblatt) % is ranked better than 76.14% of 415
companies
in the Building Materials industry
Industry Median: 5.43
vs SPPCF: 11.17
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) %. Steppe Cement's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 was -3.46%. 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.
Steppe Cement Earnings Yield (Joel Greenblatt) % Related Terms
Steppe Cement Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Steppe Cement'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 Building Materials subindustry, Steppe Cement'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.
Steppe Cement Earnings Yield (Joel Greenblatt) % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Steppe Cement's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Steppe Cement'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.
Steppe Cements Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 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 13.00% mean?
Steppe Cement (SPPCF) has a Earnings Yield (Joel Greenblatt) % of 13.00% as of Dec. 2025. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Steppe Cement and its competitors. This is 10% above median its historical median of 11.87. According to the industry distribution chart, Steppe Cement ranks #99 out of 415 companies in the Building Materials industry, placing it in the top 23.9%.
Is Steppe Cement's Earnings Yield (Joel Greenblatt) % too high?
Steppe Cement's current Earnings Yield (Joel Greenblatt) % of 13.00% is 10% above median its 10-year median of 11.87. The Building Materials industry median Earnings Yield (Joel Greenblatt) % is 5.43. Steppe Cement's value of 13.00% is 139.4% above this industry median. Based on the distribution chart, Steppe Cement ranks #99 out of 415 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Steppe Cement has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Steppe Cement's Earnings Yield (Joel Greenblatt) % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Steppe Cement ranks #99 out of 415 companies for Earnings Yield (Joel Greenblatt) %. This places Steppe Cement in the top 24% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 5.43. Steppe Cement's value of 13.00% is 139.4% above this benchmark. While the company's 10-year median is 11.87 vs. the industry median of 5.43, Steppe Cement 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 Building Materials company?
The median Earnings Yield (Joel Greenblatt) % among Building Materials companies is 5.43, based on 415 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. Steppe Cement's current Earnings Yield (Joel Greenblatt) % of 13.00% is 139.4% 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 Steppe Cement and its competitors. For the Building Materials industry, the median Earnings Yield (Joel Greenblatt) % is 5.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steppe Cement's current Earnings Yield (Joel Greenblatt) % is 13.00%, which is 10% above median its own 10-year median of 11.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steppe Cement stock overvalued right now?
Steppe Cement (SPPCF) has a current Earnings Yield (Joel Greenblatt) % of 13.00%. The stock's GF Value™ is $0.30, compared to a current price of $0.31 — trading 3.3% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 13.00%, which is 10% above median its 10-year median of 11.87 and 139.4% above the Building Materials industry median of 5.43. Steppe Cement's overall GF Score™ is 55/100 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 Steppe Cement (SPPCF), the current Earnings Yield (Joel Greenblatt) % is 13.00% as of Dec. 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 Steppe Cement (SPPCF) Overvalued in 2026?
Based on GuruFocus' analysis, Steppe Cement stock appears to be overvalued.
The current stock price of $0.31 is trading 3.3% above its estimated GF Value™ of $0.30.
Key valuation signals for SPPCF:
Earnings Yield (Joel Greenblatt) %: 13.00% (10% above median its 10-year median of 11.87)
GF Value™: $0.30 vs. price of $0.31 (3.3% above fair value)
Industry Position: 139.4% above the Building Materials median (#99 of 415)
No single metric tells the full story. See the SPPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steppe Cement Ltd is an investment holding company based in Malaysia. Its primary business is the production and sale of cement, which is in the Karaganda region, the Republic of Kazakhstan. The company derives revenue from the sale of manufactured goods and the transmission and distribution of electricity.
55GF Score
Get the complete analysis for SPPCF
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
SPPCF has been successfully added to your 
