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Topcon's Enterprise Value for the quarter that ended in Sep. 2025 was $627 Mil.
Topcon's EBIT for the trailing twelve months (TTM) ended in Sep. 2025 was $11 Mil. Topcon's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2025 was 0.37%.
The historical rank and industry rank for Topcon's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TOPCF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.33 Med: 3.5 Max: 9.51
Current: 0.37
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Topcon was 9.51%. The lowest was -0.33%. And the median was 3.50%.
TOPCF's Earnings Yield (Joel Greenblatt) % is not ranked
in the Hardware industry.
Industry Median: 2.335
vs TOPCF: 0.37
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) %. Topcon's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2025 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.
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.
Topcon Earnings Yield (Joel Greenblatt) % Related Terms
Topcon Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Topcon'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 Scientific & Technical Instruments subindustry, Topcon'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.
Topcon Earnings Yield (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Topcon's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Topcon'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.
Topcons Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2025 is calculated as
Topcon's EBIT for the trailing twelve months (TTM) ended in Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $11 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 0.37% mean?
Topcon (TOPCF) has a Earnings Yield (Joel Greenblatt) % of 0.37% as of Sep. 2025. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Topcon and its competitors. This is 89% below median its historical median of 3.50.
Is Topcon's Earnings Yield (Joel Greenblatt) % too high?
Topcon's current Earnings Yield (Joel Greenblatt) % of 0.37% is 89% below median its 10-year median of 3.50. The Hardware industry median Earnings Yield (Joel Greenblatt) % is 2.34. Topcon's value of 0.37% is 84.2% below this industry median. Overall, Topcon has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Topcon's Earnings Yield (Joel Greenblatt) % compare to GRMN and KEYS?
Topcon's Earnings Yield (Joel Greenblatt) % of 0.37% can be compared against companies in the Hardware industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.34. Topcon's value of 0.37% is 84.2% below this benchmark. While the company's 10-year median is 3.50 vs. the industry median of 2.34, Topcon 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 Hardware company?
The median Earnings Yield (Joel Greenblatt) % among Hardware companies is 2.34, based on 2,488 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. Topcon's current Earnings Yield (Joel Greenblatt) % of 0.37% is 84.2% 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 Topcon and its competitors. For the Hardware industry, the median Earnings Yield (Joel Greenblatt) % is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topcon's current Earnings Yield (Joel Greenblatt) % is 0.37%, which is 89% below median its own 10-year median of 3.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topcon stock overvalued right now?
Topcon (TOPCF) has a current Earnings Yield (Joel Greenblatt) % of 0.37%. The stock's GF Value™ is $11.64, compared to a current price of $21.21 — trading 82.2% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 0.37%, which is 89% below median its 10-year median of 3.50 and 84.2% below the Hardware industry median of 2.34. Topcon's overall GF Score™ is 9/100 with 9 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 Topcon (TOPCF), the current Earnings Yield (Joel Greenblatt) % is 0.37% as of Sep. 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 Topcon (TOPCF) Overvalued in 2026?
Based on GuruFocus' analysis, Topcon stock appears to be overvalued.
The current stock price of $21.21 is trading 82.2% above its estimated GF Value™ of $11.64.
Key valuation signals for TOPCF:
Earnings Yield (Joel Greenblatt) %: 0.37% (89% below median its 10-year median of 3.50)
GF Value™: $11.64 vs. price of $21.21 (82.2% above fair value)
Industry Position: 84.2% below the Hardware median
No single metric tells the full story. See the TOPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Topcon Corp sells ophthalmic instruments, medical equipment, machine control systems, and GPS-related products. Its operations are structured around three main areas: the Positioning Business, Eye Care Business, and Other. The Positioning division handles products such as total stations, 3D laser scanners, ICT automated construction systems, IT agricultural systems, GNSS receivers for surveying, laser equipment, and software for construction and civil engineering. The Eye Care division provides 3D fundus imaging devices, fundus cameras, auto and kerato refractors, slit lamps, tonometers, lens meters, ophthalmic laser systems, and related software for image management and electronic medical records.
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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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