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The historical rank and industry rank for New Asia Construction & Development's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TPE:2516'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -412.2 Med: 9.44 Max: 368452.27
Current: 27.78
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of New Asia Construction & Development was 368452.27%. The lowest was -412.20%. And the median was 9.44%.
TPE:2516's Earnings Yield (Joel Greenblatt) % is ranked better than 92.32% of 1810
companies
in the Construction industry
Industry Median: 6.49
vs TPE:2516: 27.78
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) %. New Asia Construction & Development's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
New Asia Construction & Development (TPE:2516) 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.
New Asia Construction & Development Earnings Yield (Joel Greenblatt) % Chart
For the Engineering & Construction subindustry, New Asia Construction & Development'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.
New Asia Construction & Development Earnings Yield (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, New Asia Construction & Development's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where New Asia Construction & Development's Earnings Yield (Joel Greenblatt) % falls into.
New Asia Construction & Development 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.
New Asia Construction & Development'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$356 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 31.65% mean?
New Asia Construction & Development (TPE:2516) has a Earnings Yield (Joel Greenblatt) % of 31.65% 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 New Asia Construction & Development and its competitors. This is 235% above median its historical median of 9.44. According to the industry distribution chart, New Asia Construction & Development ranks #139 out of 1810 companies in the Construction industry, placing it in the top 7.7%.
Is New Asia Construction & Development's Earnings Yield (Joel Greenblatt) % too high?
New Asia Construction & Development's current Earnings Yield (Joel Greenblatt) % of 31.65% is 235% above median its 10-year median of 9.44. The Construction industry median Earnings Yield (Joel Greenblatt) % is 6.49. New Asia Construction & Development's value of 31.65% is 387.7% above this industry median. Based on the distribution chart, New Asia Construction & Development ranks #139 out of 1810 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, New Asia Construction & Development has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does New Asia Construction & Development's Earnings Yield (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, New Asia Construction & Development ranks #139 out of 1810 companies for Earnings Yield (Joel Greenblatt) %. This places New Asia Construction & Development in the top 8% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 6.49. New Asia Construction & Development's value of 31.65% is 387.7% above this benchmark. While the company's 10-year median is 9.44 vs. the industry median of 6.49, New Asia Construction & Development 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 Construction company?
The median Earnings Yield (Joel Greenblatt) % among Construction companies is 6.49, based on 1,810 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. New Asia Construction & Development's current Earnings Yield (Joel Greenblatt) % of 31.65% is 387.7% 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 New Asia Construction & Development and its competitors. For the Construction industry, the median Earnings Yield (Joel Greenblatt) % is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Asia Construction & Development's current Earnings Yield (Joel Greenblatt) % is 31.65%, which is 235% above median its own 10-year median of 9.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Asia Construction & Development stock overvalued right now?
Based on GuruFocus' analysis, New Asia Construction & Development (TPE:2516) is currently considered Fairly Valued. The stock's GF Value™ is NT$13.66, compared to a current price of NT$14.50 — trading 6.1% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 31.65%, which is 235% above median its 10-year median of 9.44 and 387.7% above the Construction industry median of 6.49. New Asia Construction & Development's overall GF Score™ is 82/100 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 New Asia Construction & Development (TPE:2516), the current Earnings Yield (Joel Greenblatt) % is 31.65% 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 New Asia Construction & Development (TPE:2516) Overvalued in 2026?
Based on GuruFocus' analysis, New Asia Construction & Development stock appears to be overvalued.
The current stock price of NT$14.50 is trading 6.1% above its estimated GF Value™ of NT$13.66.
GuruFocus considers New Asia Construction & Development to be Fairly Valued.
Key valuation signals for TPE:2516:
Earnings Yield (Joel Greenblatt) %: 31.65% (235% above median its 10-year median of 9.44)
GF Value™: NT$13.66 vs. price of NT$14.50 (6.1% above fair value)
Industry Position: 387.7% above the Construction median (#139 of 1810)
No single metric tells the full story. See the TPE:2516 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Asia Construction & Development Corp and its subsidiaries are engaged in the construction of heavy equipment needed for civil engineering, development business related to land and community, construction, leasing or selling of public housing and office building, repairment, leasing and selling of heavy equipment, manufacturing and selling of ready mixed concrete and asphalt concrete, and investment. The Group operates in the construction segment, which is engaged in the construction of residential and commercial buildings and civil engineering contracts. The company operates in Taiwan and Asia, and the maximum revenue is generated from Taiwan.
82GF Score
Get the complete analysis for TPE:2516
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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