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Aerospace Industrial DevelopmentTPE:2634 82 Earnings Yield (Joel Greenblatt) % is 4.30% as of Jun. 2026, which is 2% below its 10-year median of 4.38. GuruFocus rates TPE:2634 with a GF Score™ of 82/100 and a GF Value™ of NT$49.60 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 365 Aerospace & Defense companies, Aerospace Industrial Development ranks better than 67.4% on this metric.
Aerospace Industrial Development's Enterprise Value for the quarter that ended in Jun. 2026 was NT$68,109 Mil.
Aerospace Industrial Development's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was NT$2,930 Mil. Aerospace Industrial Development's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 4.30%.
The historical rank and industry rank for Aerospace Industrial Development's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TPE:2634'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.71 Med: 4.38 Max: 6.92
Current: 3.91
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Aerospace Industrial Development was 6.92%. The lowest was 0.71%. And the median was 4.38%.
TPE:2634's Earnings Yield (Joel Greenblatt) % is ranked better than 67.4% of 365
companies
in the Aerospace & Defense industry
Industry Median: 2.15
vs TPE:2634: 3.91
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) %. Aerospace Industrial Development's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 12.53%. 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.
Aerospace Industrial Development (TPE:2634) 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.
Aerospace Industrial Development Earnings Yield (Joel Greenblatt) % Chart
For the Aerospace & Defense subindustry, Aerospace Industrial 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.
Aerospace Industrial Development Earnings Yield (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Aerospace Industrial Development's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Aerospace Industrial Development's Earnings Yield (Joel Greenblatt) % falls into.
Aerospace Industrial 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.
Aerospace Industrial 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$2,930 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 4.30% mean?
Aerospace Industrial Development (TPE:2634) has a Earnings Yield (Joel Greenblatt) % of 4.30% 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 Aerospace Industrial Development and its competitors. This is near median its historical median of 4.38. Over the past decade, Aerospace Industrial Development's Earnings Yield (Joel Greenblatt) % has ranged from 0.71 to 6.92. According to the industry distribution chart, Aerospace Industrial Development ranks #119 out of 365 companies in the Aerospace & Defense industry, placing it in the top 32.6%.
Is Aerospace Industrial Development's Earnings Yield (Joel Greenblatt) % too high?
Aerospace Industrial Development's current Earnings Yield (Joel Greenblatt) % of 4.30% is near median its 10-year median of 4.38. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 6.92. The Aerospace & Defense industry median Earnings Yield (Joel Greenblatt) % is 2.15. Aerospace Industrial Development's value of 4.30% is 100% above this industry median. Based on the distribution chart, Aerospace Industrial Development ranks #119 out of 365 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Aerospace Industrial Development has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aerospace Industrial Development's Earnings Yield (Joel Greenblatt) % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Aerospace Industrial Development ranks #119 out of 365 companies for Earnings Yield (Joel Greenblatt) %. This puts Aerospace Industrial Development in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.15. Aerospace Industrial Development's value of 4.30% is 100% above this benchmark. Historically, Aerospace Industrial Development's own Earnings Yield (Joel Greenblatt) % has ranged from 0.71 to 6.92 over the past decade. While the company's 10-year median is 4.38 vs. the industry median of 2.15, Aerospace Industrial 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 an Aerospace & Defense company?
The median Earnings Yield (Joel Greenblatt) % among Aerospace & Defense companies is 2.15, based on 365 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. Aerospace Industrial Development's current Earnings Yield (Joel Greenblatt) % of 4.30% is 100% 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 Aerospace Industrial Development and its competitors. For the Aerospace & Defense industry, the median Earnings Yield (Joel Greenblatt) % is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aerospace Industrial Development's current Earnings Yield (Joel Greenblatt) % is 4.30%, which is near median its own 10-year median of 4.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aerospace Industrial Development stock overvalued right now?
Based on GuruFocus' analysis, Aerospace Industrial Development (TPE:2634) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$49.60, compared to a current price of NT$63.80 — trading 28.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 4.30%, which is near median its 10-year median of 4.38 and 100% above the Aerospace & Defense industry median of 2.15. Aerospace Industrial Development's overall GF Score™ is 82/100 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 Aerospace Industrial Development (TPE:2634), the current Earnings Yield (Joel Greenblatt) % is 4.30% 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 Aerospace Industrial Development (TPE:2634) Overvalued in 2026?
Based on GuruFocus' analysis, Aerospace Industrial Development stock appears to be overvalued.
The current stock price of NT$63.80 is trading 28.6% above its estimated GF Value™ of NT$49.60.
GuruFocus considers Aerospace Industrial Development to be Modestly Overvalued.
Key valuation signals for TPE:2634:
Earnings Yield (Joel Greenblatt) %: 4.30% (near median its 10-year median of 4.38)
GF Value™: NT$49.60 vs. price of NT$63.80 (28.6% above fair value)
Industry Position: 100% above the Aerospace & Defense median (#119 of 365)
No single metric tells the full story. See the TPE:2634 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aerospace Industrial Development Corp is involved in the manufacturing and development of aerospace and defense products. The company's main business categories are as follows: design, manufacture, assembly, testing and maintenance of aircraft, engines, avionics, and related components; consulting services and technology transfers of aerospace technology, logistical support and engineering technology management of large-scale projects; engineering and development of software and sales of aerospace products. Geographically, the company operates in Asia, Europe and American regions.
82GF 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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