Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Tong Ming Enterprise CoTPE:5538 -2.19%84 Earnings Yield (Joel Greenblatt) % is 13.35% as of Jun. 2026, which is 26% above its 10-year median of 10.63. GuruFocus rates TPE:5538 with a GF Score™ of 84/100 and a GF Value™ of NT$32.76 (Fairly Valued). The stock has 7 warning signs investors should review. Among 633 Steel companies, Tong Ming Enterprise Co ranks better than 78.83% on this metric.
Tong Ming Enterprise Co's Enterprise Value for the quarter that ended in Jun. 2026 was NT$9,011 Mil.
Tong Ming Enterprise Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was NT$1,203 Mil. Tong Ming Enterprise Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 13.35%.
The historical rank and industry rank for Tong Ming Enterprise Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TPE:5538'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.13 Med: 10.63 Max: 21.24
Current: 12.48
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tong Ming Enterprise Co was 21.24%. The lowest was 3.13%. And the median was 10.63%.
TPE:5538's Earnings Yield (Joel Greenblatt) % is ranked better than 78.83% of 633
companies
in the Steel industry
Industry Median: 5.59
vs TPE:5538: 12.48
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) %. Tong Ming Enterprise Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was -10.63%. 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.
Tong Ming Enterprise Co (TPE:5538) 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.
Tong Ming Enterprise Co Earnings Yield (Joel Greenblatt) % Related Terms
Tong Ming Enterprise Co Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Tong Ming Enterprise Co'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.
Tong Ming Enterprise Co Earnings Yield (Joel Greenblatt) % Chart
For the Steel subindustry, Tong Ming Enterprise 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.
Tong Ming Enterprise Co Earnings Yield (Joel Greenblatt) % vs Steel Industry
For the Steel industry and Basic Materials sector, Tong Ming Enterprise Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tong Ming Enterprise Co's Earnings Yield (Joel Greenblatt) % falls into.
Tong Ming Enterprise 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.
Tong Ming Enterprise Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Tong Ming Enterprise 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$1,203 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 13.35% mean?
Tong Ming Enterprise Co (TPE:5538) has a Earnings Yield (Joel Greenblatt) % of 13.35% 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 Tong Ming Enterprise Co and its competitors. This is 26% above median its historical median of 10.63. Over the past decade, Tong Ming Enterprise Co's Earnings Yield (Joel Greenblatt) % has ranged from 3.13 to 21.24. According to the industry distribution chart, Tong Ming Enterprise Co ranks #134 out of 633 companies in the Steel industry, placing it in the top 21.2%.
Is Tong Ming Enterprise Co's Earnings Yield (Joel Greenblatt) % too high?
Tong Ming Enterprise Co's current Earnings Yield (Joel Greenblatt) % of 13.35% is 26% above median its 10-year median of 10.63. Over the past 10 years, this metric has ranged from a low of 3.13 to a high of 21.24. The Steel industry median Earnings Yield (Joel Greenblatt) % is 5.59. Tong Ming Enterprise Co's value of 13.35% is 138.8% above this industry median. Based on the distribution chart, Tong Ming Enterprise Co ranks #134 out of 633 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Tong Ming Enterprise Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tong Ming Enterprise Co's Earnings Yield (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Tong Ming Enterprise Co ranks #134 out of 633 companies for Earnings Yield (Joel Greenblatt) %. This places Tong Ming Enterprise Co in the top 21% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 5.59. Tong Ming Enterprise Co's value of 13.35% is 138.8% above this benchmark. Historically, Tong Ming Enterprise Co's own Earnings Yield (Joel Greenblatt) % has ranged from 3.13 to 21.24 over the past decade. While the company's 10-year median is 10.63 vs. the industry median of 5.59, Tong Ming Enterprise 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 Steel company?
The median Earnings Yield (Joel Greenblatt) % among Steel companies is 5.59, based on 633 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. Tong Ming Enterprise Co's current Earnings Yield (Joel Greenblatt) % of 13.35% is 138.8% 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 Tong Ming Enterprise Co and its competitors. For the Steel industry, the median Earnings Yield (Joel Greenblatt) % is 5.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tong Ming Enterprise Co's current Earnings Yield (Joel Greenblatt) % is 13.35%, which is 26% above median its own 10-year median of 10.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Ming Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Tong Ming Enterprise Co (TPE:5538) is currently considered Fairly Valued. The stock's GF Value™ is NT$32.76, compared to a current price of NT$35.70 — trading 9% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 13.35%, which is 26% above median its 10-year median of 10.63 and 138.8% above the Steel industry median of 5.59. Tong Ming Enterprise Co's overall GF Score™ is 84/100 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 Tong Ming Enterprise Co (TPE:5538), the current Earnings Yield (Joel Greenblatt) % is 13.35% 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 Tong Ming Enterprise Co (TPE:5538) Overvalued in 2026?
Based on GuruFocus' analysis, Tong Ming Enterprise Co stock appears to be overvalued.
The current stock price of NT$35.70 is trading 9% above its estimated GF Value™ of NT$32.76.
GuruFocus considers Tong Ming Enterprise Co to be Fairly Valued.
Key valuation signals for TPE:5538:
Earnings Yield (Joel Greenblatt) %: 13.35% (26% above median its 10-year median of 10.63)
GF Value™: NT$32.76 vs. price of NT$35.70 (9% above fair value)
Industry Position: 138.8% above the Steel median (#134 of 633)
No single metric tells the full story. See the TPE:5538 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. The company derives the maximum revenue from Fasteners products. Geographically, the company operates in China. The company serves industries such as curtain wall, high-speed railways, communication, new energy, shipbuilding, animal husbandry, and foreign engineering projects. It derives maximum revenue from Fasteners followed by Wire, Strategic products, and others.
84GF Score
Get the complete analysis for TPE:5538
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:5538 has been successfully added to your 
