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StepStone GroupSTEP -3.28%49 Earnings Yield (Joel Greenblatt) % is -16.34% as of Mar. 2026. GuruFocus rates STEP with a GF Score™ of 49/100 and a GF Value™ of $90.33 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,631 Asset Management companies, StepStone Group ranks worse than 93.68% on this metric.
StepStone Group's Enterprise Value for the quarter that ended in Mar. 2026 was $5,338 Mil.
StepStone Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $-873 Mil. StepStone Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was -16.34%.
The historical rank and industry rank for StepStone Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
STEP'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.96 Med: 4.89 Max: 29.44
Current: -17.36
During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of StepStone Group was 29.44%. The lowest was -19.96%. And the median was 4.89%.
STEP's Earnings Yield (Joel Greenblatt) % is ranked worse than 93.68% of 1631
companies
in the Asset Management industry
Industry Median: 0
vs STEP: -17.36
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) %. StepStone Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.
StepStone Group (NAS:STEP) 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.
StepStone Group Earnings Yield (Joel Greenblatt) % Related Terms
StepStone Group Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for StepStone 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.
StepStone Group Earnings Yield (Joel Greenblatt) % Chart
For the Asset Management subindustry, StepStone 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.
StepStone Group Earnings Yield (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, StepStone Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where StepStone Group's Earnings Yield (Joel Greenblatt) % falls into.
StepStone 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.
StepStone Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
StepStone Group'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 $-873 Mil.
What does a Earnings Yield (Joel Greenblatt) % of -16.34% mean?
StepStone Group (STEP) has a Earnings Yield (Joel Greenblatt) % of -16.34% 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 StepStone Group and its competitors. According to the industry distribution chart, StepStone Group ranks #1528 out of 1631 companies in the Asset Management industry, placing it in the top 93.7%.
Is StepStone Group's Earnings Yield (Joel Greenblatt) % too high?
StepStone Group's current Earnings Yield (Joel Greenblatt) % is -16.34%. Based on the distribution chart, StepStone Group ranks #1528 out of 1631 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, StepStone Group has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does StepStone Group's Earnings Yield (Joel Greenblatt) % compare to CSQ and GBDC?
According to the Asset Management industry distribution chart, StepStone Group ranks #1528 out of 1631 companies for Earnings Yield (Joel Greenblatt) %. This places StepStone Group in the lower half of its industry. 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 Asset Management company?
A good Earnings Yield (Joel Greenblatt) % depends on the Asset Management industry context. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 StepStone Group and its competitors. StepStone Group's current Earnings Yield (Joel Greenblatt) % is -16.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is StepStone Group stock overvalued right now?
Based on GuruFocus' analysis, StepStone Group (STEP) is currently considered Possible Value Trap. The stock's GF Value™ is $90.33, compared to a current price of $43.34 — trading 52% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is -16.34%. StepStone Group's overall GF Score™ is 49/100 with 3 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 StepStone Group (STEP), the current Earnings Yield (Joel Greenblatt) % is -16.34% 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 StepStone Group (STEP) Overvalued in 2026?
Based on GuruFocus' analysis, StepStone Group stock appears to be undervalued.
The current stock price of $43.34 is trading 52% below its estimated GF Value™ of $90.33.
GuruFocus considers StepStone Group to be Possible Value Trap.
Key valuation signals for STEP:
Earnings Yield (Joel Greenblatt) %: -16.34%
GF Value™: $90.33 vs. price of $43.34 (52% below fair value)
No single metric tells the full story. See the STEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
StepStone Group Inc operates as a fully integrated private markets solution provider. The company provides customized investment solutions and advisory and data services. It provides investment solutions in the areas of private equity, real estate, private debt, and infrastructure and real assets. The company consists of a single operating segment and a single reportable segment for accounting and financial reporting purposes.
49GF 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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