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Spirax GroupSPXSF +8.18%88 Earnings Yield (Joel Greenblatt) % is 4.81% as of Dec. 2025, which is 15% above its 10-year median of 4.19. GuruFocus rates SPXSF with a GF Score™ of 88/100 and a GF Value™ of $111.95 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 3,091 Industrial Products companies, Spirax Group ranks better than 57.62% on this metric.
Spirax Group's Enterprise Value for the quarter that ended in Dec. 2025 was $7,698 Mil.
Spirax Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $368 Mil. Spirax Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2025 was 4.81%.
The historical rank and industry rank for Spirax Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SPXSF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.95 Med: 4.19 Max: 6.42
Current: 4.31
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Spirax Group was 6.42%. The lowest was 1.95%. And the median was 4.19%.
SPXSF's Earnings Yield (Joel Greenblatt) % is ranked better than 57.62% of 3091
companies
in the Industrial Products industry
Industry Median: 3.42
vs SPXSF: 4.31
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) %. Spirax Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 was 6.57%. 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.
Spirax Group (OTCPK:SPXSF) 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.
Spirax Group Earnings Yield (Joel Greenblatt) % Related Terms
Spirax Group Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Spirax Group'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.
Spirax Group Earnings Yield (Joel Greenblatt) % Chart
For the Specialty Industrial Machinery subindustry, Spirax Group'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.
Spirax Group Earnings Yield (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Spirax Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Spirax Group's Earnings Yield (Joel Greenblatt) % falls into.
Spirax Group 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.
Spirax Groups 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 4.81% mean?
Spirax Group (SPXSF) has a Earnings Yield (Joel Greenblatt) % of 4.81% 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 Spirax Group and its competitors. This is 15% above median its historical median of 4.19. Over the past decade, Spirax Group's Earnings Yield (Joel Greenblatt) % has ranged from 1.95 to 6.42. According to the industry distribution chart, Spirax Group ranks #1310 out of 3091 companies in the Industrial Products industry, placing it in the top 42.4%.
Is Spirax Group's Earnings Yield (Joel Greenblatt) % too high?
Spirax Group's current Earnings Yield (Joel Greenblatt) % of 4.81% is 15% above median its 10-year median of 4.19. Over the past 10 years, this metric has ranged from a low of 1.95 to a high of 6.42. The Industrial Products industry median Earnings Yield (Joel Greenblatt) % is 3.42. Spirax Group's value of 4.81% is 40.6% above this industry median. Based on the distribution chart, Spirax Group ranks #1310 out of 3091 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Spirax Group has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spirax Group's Earnings Yield (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Spirax Group ranks #1310 out of 3091 companies for Earnings Yield (Joel Greenblatt) %. This puts Spirax Group in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.42. Spirax Group's value of 4.81% is 40.6% above this benchmark. Historically, Spirax Group's own Earnings Yield (Joel Greenblatt) % has ranged from 1.95 to 6.42 over the past decade. While the company's 10-year median is 4.19 vs. the industry median of 3.42, Spirax Group 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 an Industrial Products company?
The median Earnings Yield (Joel Greenblatt) % among Industrial Products companies is 3.42, based on 3,091 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. Spirax Group's current Earnings Yield (Joel Greenblatt) % of 4.81% is 40.6% 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 Spirax Group and its competitors. For the Industrial Products industry, the median Earnings Yield (Joel Greenblatt) % is 3.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spirax Group's current Earnings Yield (Joel Greenblatt) % is 4.81%, which is 15% above median its own 10-year median of 4.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spirax Group stock overvalued right now?
Based on GuruFocus' analysis, Spirax Group (SPXSF) is currently considered Modestly Undervalued. The stock's GF Value™ is $111.95, compared to a current price of $98.97 — trading 11.6% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 4.81%, which is 15% above median its 10-year median of 4.19 and 40.6% above the Industrial Products industry median of 3.42. Spirax Group's overall GF Score™ is 88/100 with 4 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 Spirax Group (SPXSF), the current Earnings Yield (Joel Greenblatt) % is 4.81% 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 Spirax Group (SPXSF) Overvalued in 2026?
Based on GuruFocus' analysis, Spirax Group stock appears to be undervalued.
The current stock price of $98.97 is trading 11.6% below its estimated GF Value™ of $111.95.
GuruFocus considers Spirax Group to be Modestly Undervalued.
Key valuation signals for SPXSF:
Earnings Yield (Joel Greenblatt) %: 4.81% (15% above median its 10-year median of 4.19)
GF Value™: $111.95 vs. price of $98.97 (11.6% below fair value)
Industry Position: 40.6% above the Industrial Products median (#1310 of 3091)
No single metric tells the full story. See the SPXSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spirax is a global manufacturer of a wide range of applications for industrial and commercial steam systems, electric thermal solutions, and peristaltic pumps used across multiple industries. The group operates across three segments and has over 110,000 direct customers across 130 countries. Approximately 85% of group sales are generated from recurring maintenance and small improvements to existing customer systems. Spirax has 1,700 product lines and 2,100 sales and service engineers, who account for 25% of employees.
88GF Score
Get the complete analysis for SPXSF
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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