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ToseiTOETF 86 Earnings Yield (Joel Greenblatt) % is 9.38% as of May. 2026, which is 1% above its 10-year median of 9.29. GuruFocus rates TOETF with a GF Score™ of 86/100 and a GF Value™ of $8.60 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,826 Real Estate companies, Tosei ranks better than 72.73% on this metric.
Tosei's Enterprise Value for the quarter that ended in May. 2026 was $1,835.7 Mil.
Tosei's EBIT for the trailing twelve months (TTM) ended in May. 2026 was $172.4 Mil. Tosei's Earnings Yield (Joel Greenblatt) for the quarter that ended in May. 2026 was 9.38%.
The historical rank and industry rank for Tosei's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TOETF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.27 Med: 9.29 Max: 16.29
Current: 9.51
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tosei was 16.29%. The lowest was 5.27%. And the median was 9.29%.
TOETF's Earnings Yield (Joel Greenblatt) % is ranked better than 72.73% of 1826
companies
in the Real Estate industry
Industry Median: 4.77
vs TOETF: 9.51
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) %. Tosei's Forward Rate of Return (Yacktman) % for the quarter that ended in May. 2026 was 16.65%. 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.
Tosei Earnings Yield (Joel Greenblatt) % Related Terms
Tosei Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Tosei'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 Real Estate - Diversified subindustry, Tosei'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.
Tosei Earnings Yield (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Tosei's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tosei'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.
Toseis Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Nov. 2025 is calculated as
Tosei's EBIT for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $172.4 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 9.38% mean?
Tosei (TOETF) has a Earnings Yield (Joel Greenblatt) % of 9.38% as of May. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Tosei and its competitors. This is near median its historical median of 9.29. Over the past decade, Tosei's Earnings Yield (Joel Greenblatt) % has ranged from 5.27 to 16.29. According to the industry distribution chart, Tosei ranks #498 out of 1826 companies in the Real Estate industry, placing it in the top 27.3%.
Is Tosei's Earnings Yield (Joel Greenblatt) % too high?
Tosei's current Earnings Yield (Joel Greenblatt) % of 9.38% is near median its 10-year median of 9.29. Over the past 10 years, this metric has ranged from a low of 5.27 to a high of 16.29. The Real Estate industry median Earnings Yield (Joel Greenblatt) % is 4.77. Tosei's value of 9.38% is 96.6% above this industry median. Based on the distribution chart, Tosei ranks #498 out of 1826 companies in the Real Estate industry, which is above the industry midpoint. Overall, Tosei has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tosei's Earnings Yield (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Tosei ranks #498 out of 1826 companies for Earnings Yield (Joel Greenblatt) %. This puts Tosei in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 4.77. Tosei's value of 9.38% is 96.6% above this benchmark. Historically, Tosei's own Earnings Yield (Joel Greenblatt) % has ranged from 5.27 to 16.29 over the past decade. While the company's 10-year median is 9.29 vs. the industry median of 4.77, Tosei 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 Real Estate company?
The median Earnings Yield (Joel Greenblatt) % among Real Estate companies is 4.77, based on 1,826 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. Tosei's current Earnings Yield (Joel Greenblatt) % of 9.38% is 96.6% 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 Tosei and its competitors. For the Real Estate industry, the median Earnings Yield (Joel Greenblatt) % is 4.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tosei's current Earnings Yield (Joel Greenblatt) % is 9.38%, which is near median its own 10-year median of 9.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosei stock overvalued right now?
Based on GuruFocus' analysis, Tosei (TOETF) is currently considered Modestly Undervalued. The stock's GF Value™ is $8.60, compared to a current price of $9.15 — trading 6.4% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 9.38%, which is near median its 10-year median of 9.29 and 96.6% above the Real Estate industry median of 4.77. Tosei's overall GF Score™ is 86/100 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 Tosei (TOETF), the current Earnings Yield (Joel Greenblatt) % is 9.38% as of May. 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 Tosei (TOETF) Overvalued in 2026?
Based on GuruFocus' analysis, Tosei stock appears to be overvalued.
The current stock price of $9.15 is trading 6.4% above its estimated GF Value™ of $8.60.
GuruFocus considers Tosei to be Modestly Undervalued.
Key valuation signals for TOETF:
Earnings Yield (Joel Greenblatt) %: 9.38% (near median its 10-year median of 9.29)
GF Value™: $8.60 vs. price of $9.15 (6.4% above fair value)
Industry Position: 96.6% above the Real Estate median (#498 of 1826)
No single metric tells the full story. See the TOETF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tosei Corp is a diversified real estate company based in Japan. It is engaged in selling condominiums, detached houses, rental condominiums, and office buildings to individual customers and investors; providing asset management services for real estate funds, leasing properties; operating a real estate revitalization business; and operating hotels, among other activities. Along with its subsidiaries, the company operates in the following reportable segments: Real Estate Revitalization, Real Estate Development, Real Estate Leasing, Real Estate Fund and Consulting, Real Estate Management, and Hotel. Maximum revenue is generated from its Real Estate Revitalization Business, which revitalizes and sells properties with deteriorated asset value.
86GF Score
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