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Tokyo CenturyTCNRF -6.27%74 Earnings Yield (Joel Greenblatt) % is 2.98% as of Mar. 2026, which is 19% above its 10-year median of 2.50. GuruFocus rates TCNRF with a GF Score™ of 74/100 and a GF Value™ of $6.50. The stock has 8 warning signs investors should review. Among 1,102 Business Services companies, Tokyo Century ranks worse than 67.88% on this metric.
Tokyo Century's Enterprise Value for the quarter that ended in Mar. 2026 was $34,231 Mil.
Tokyo Century's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $1,204 Mil. Tokyo Century's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 2.98%.
The historical rank and industry rank for Tokyo Century's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TCNRF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.62 Med: 2.5 Max: 18.97
Current: 3.01
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tokyo Century was 18.97%. The lowest was 0.62%. And the median was 2.50%.
TCNRF's Earnings Yield (Joel Greenblatt) % is ranked worse than 67.88% of 1102
companies
in the Business Services industry
Industry Median: 6.53
vs TCNRF: 3.01
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) %. Tokyo Century's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 12.27%. 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.
Tokyo Century (OTCPK:TCNRF) 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.
Tokyo Century Earnings Yield (Joel Greenblatt) % Related Terms
Tokyo Century Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Tokyo Century'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.
Tokyo Century Earnings Yield (Joel Greenblatt) % Chart
For the Rental & Leasing Services subindustry, Tokyo Century'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.
Tokyo Century Earnings Yield (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Tokyo Century's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tokyo Century's Earnings Yield (Joel Greenblatt) % falls into.
Tokyo Century 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.
Tokyo Centurys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Tokyo Century'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 $1,204 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 2.98% mean?
Tokyo Century (TCNRF) has a Earnings Yield (Joel Greenblatt) % of 2.98% 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 Tokyo Century and its competitors. This is 19% above median its historical median of 2.50. Over the past decade, Tokyo Century's Earnings Yield (Joel Greenblatt) % has ranged from 0.62 to 18.97. According to the industry distribution chart, Tokyo Century ranks #748 out of 1102 companies in the Business Services industry, placing it in the top 67.9%.
Is Tokyo Century's Earnings Yield (Joel Greenblatt) % too high?
Tokyo Century's current Earnings Yield (Joel Greenblatt) % of 2.98% is 19% above median its 10-year median of 2.50. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 18.97. The Business Services industry median Earnings Yield (Joel Greenblatt) % is 6.53. Tokyo Century's value of 2.98% is 54.4% below this industry median. Based on the distribution chart, Tokyo Century ranks #748 out of 1102 companies in the Business Services industry, which is below the industry midpoint. Overall, Tokyo Century has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Tokyo Century's Earnings Yield (Joel Greenblatt) % compare to URI and SUNB?
According to the Business Services industry distribution chart, Tokyo Century ranks #748 out of 1102 companies for Earnings Yield (Joel Greenblatt) %. This places Tokyo Century in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.53. Tokyo Century's value of 2.98% is 54.4% below this benchmark. Historically, Tokyo Century's own Earnings Yield (Joel Greenblatt) % has ranged from 0.62 to 18.97 over the past decade. While the company's 10-year median is 2.50 vs. the industry median of 6.53, Tokyo Century 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 Business Services company?
The median Earnings Yield (Joel Greenblatt) % among Business Services companies is 6.53, based on 1,102 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. Tokyo Century's current Earnings Yield (Joel Greenblatt) % of 2.98% is 54.4% 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 Tokyo Century and its competitors. For the Business Services industry, the median Earnings Yield (Joel Greenblatt) % is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Century's current Earnings Yield (Joel Greenblatt) % is 2.98%, which is 19% above median its own 10-year median of 2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Century stock overvalued right now?
Tokyo Century (TCNRF) has a current Earnings Yield (Joel Greenblatt) % of 2.98%. The stock's GF Value™ is $6.50, compared to a current price of $10.32 — trading 58.8% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 2.98%, which is 19% above median its 10-year median of 2.50 and 54.4% below the Business Services industry median of 6.53. Tokyo Century's overall GF Score™ is 74/100 with 8 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 Tokyo Century (TCNRF), the current Earnings Yield (Joel Greenblatt) % is 2.98% 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 Tokyo Century (TCNRF) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Century stock appears to be overvalued.
The current stock price of $10.32 is trading 58.8% above its estimated GF Value™ of $6.50.
Key valuation signals for TCNRF:
Earnings Yield (Joel Greenblatt) %: 2.98% (19% above median its 10-year median of 2.50)
GF Value™: $6.50 vs. price of $10.32 (58.8% above fair value)
Industry Position: 54.4% below the Business Services median (#748 of 1102)
No single metric tells the full story. See the TCNRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Century Corp is engaged in leasing and financing businesses. The company operates through five reportable segments: Domestic Leasing Business, Automobility Business, Specialty Business, International Business, and Environmental Infrastructure Business. Its activities include leasing and financing for equipment and facilities, auto leasing and car sharing, loans and investments for ships, aircraft, and real estate, as well as renewable energy and related services. It generates the majority of its revenue from the Domestic leasing segment, which includes information and communication equipment, office equipment, industrial machine tools, transportation equipment, and commercial and service industries.
74GF 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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