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Cathay Real Estate Development CoTPE:2501 +0.22%84 Earnings Yield (Joel Greenblatt) % is 8.32% as of Jun. 2026, which is 74% above its 10-year median of 4.79. GuruFocus rates TPE:2501 with a GF Score™ of 84/100 and a GF Value™ of NT$26.11 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,827 Real Estate companies, Cathay Real Estate Development Co ranks better than 69.07% on this metric.
Cathay Real Estate Development Co's Enterprise Value for the quarter that ended in Jun. 2026 was NT$56,516 Mil.
Cathay Real Estate Development Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was NT$4,701 Mil. Cathay Real Estate Development Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 8.32%.
The historical rank and industry rank for Cathay Real Estate Development Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TPE:2501'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.81 Med: 4.79 Max: 12.75
Current: 8.7
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Cathay Real Estate Development Co was 12.75%. The lowest was 1.81%. And the median was 4.79%.
TPE:2501's Earnings Yield (Joel Greenblatt) % is ranked better than 69.07% of 1827
companies
in the Real Estate industry
Industry Median: 4.92
vs TPE:2501: 8.70
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) %. Cathay Real Estate Development Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 22.27%. 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.
Cathay Real Estate Development Co (TPE:2501) 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.
* 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.
Cathay Real Estate Development Co Earnings Yield (Joel Greenblatt) % Chart
Cathay Real Estate Development Co Earnings Yield (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, Cathay Real Estate Development Co'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.
Cathay Real Estate Development Co Earnings Yield (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Cathay Real Estate Development Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cathay Real Estate Development Co's Earnings Yield (Joel Greenblatt) % falls into.
Cathay Real Estate Development Co 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.
Cathay Real Estate Development Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$4,701 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 8.32% mean?
Cathay Real Estate Development Co (TPE:2501) has a Earnings Yield (Joel Greenblatt) % of 8.32% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Cathay Real Estate Development Co and its competitors. This is 74% above median its historical median of 4.79. Over the past decade, Cathay Real Estate Development Co's Earnings Yield (Joel Greenblatt) % has ranged from 1.81 to 12.75. According to the industry distribution chart, Cathay Real Estate Development Co ranks #565 out of 1827 companies in the Real Estate industry, placing it in the top 30.9%.
Is Cathay Real Estate Development Co's Earnings Yield (Joel Greenblatt) % too high?
Cathay Real Estate Development Co's current Earnings Yield (Joel Greenblatt) % of 8.32% is 74% above median its 10-year median of 4.79. Over the past 10 years, this metric has ranged from a low of 1.81 to a high of 12.75. The Real Estate industry median Earnings Yield (Joel Greenblatt) % is 4.92. Cathay Real Estate Development Co's value of 8.32% is 69.1% above this industry median. Based on the distribution chart, Cathay Real Estate Development Co ranks #565 out of 1827 companies in the Real Estate industry, which is above the industry midpoint. Overall, Cathay Real Estate Development Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cathay Real Estate Development Co's Earnings Yield (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Cathay Real Estate Development Co ranks #565 out of 1827 companies for Earnings Yield (Joel Greenblatt) %. This puts Cathay Real Estate Development Co in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 4.92. Cathay Real Estate Development Co's value of 8.32% is 69.1% above this benchmark. Historically, Cathay Real Estate Development Co's own Earnings Yield (Joel Greenblatt) % has ranged from 1.81 to 12.75 over the past decade. While the company's 10-year median is 4.79 vs. the industry median of 4.92, Cathay Real Estate Development Co 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 4.92, based on 1,827 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. Cathay Real Estate Development Co's current Earnings Yield (Joel Greenblatt) % of 8.32% is 69.1% 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 Cathay Real Estate Development Co and its competitors. For the Real Estate industry, the median Earnings Yield (Joel Greenblatt) % is 4.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cathay Real Estate Development Co's current Earnings Yield (Joel Greenblatt) % is 8.32%, which is 74% above median its own 10-year median of 4.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cathay Real Estate Development Co stock overvalued right now?
Based on GuruFocus' analysis, Cathay Real Estate Development Co (TPE:2501) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$26.11, compared to a current price of NT$22.55 — trading 13.6% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 8.32%, which is 74% above median its 10-year median of 4.79 and 69.1% above the Real Estate industry median of 4.92. Cathay Real Estate Development Co's overall GF Score™ is 84/100 with 2 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 Cathay Real Estate Development Co (TPE:2501), the current Earnings Yield (Joel Greenblatt) % is 8.32% as of Jun. 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 Cathay Real Estate Development Co (TPE:2501) Overvalued in 2026?
Based on GuruFocus' analysis, Cathay Real Estate Development Co stock appears to be undervalued.
The current stock price of NT$22.55 is trading 13.6% below its estimated GF Value™ of NT$26.11.
GuruFocus considers Cathay Real Estate Development Co to be Modestly Undervalued.
Key valuation signals for TPE:2501:
Earnings Yield (Joel Greenblatt) %: 8.32% (74% above median its 10-year median of 4.79)
GF Value™: NT$26.11 vs. price of NT$22.55 (13.6% below fair value)
Industry Position: 69.1% above the Real Estate median (#565 of 1827)
No single metric tells the full story. See the TPE:2501 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cathay Real Estate Development Co Ltd is engaged in commissioning contractors to build residential and commercial buildings for leasing and selling, and provides services in real estate, health management, tourism, and hospitality in Taiwan and around the world. The Group operates through the Property and Real Estate Development department, which generates maximum revenue and is responsible for commissioning construction contractors to build residential and commercial buildings for lease or sale, and equipment leasing operations, and the Construction department, which is engaged in construction contracting and construction management. Its projects include Urban Harmony in Taipei City and Taoyuan City, Park Front Row and Cathay Grand Park in Taoyuan City, and others.
84GF 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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