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Capital SecuritiesTPE:6005 +3.39%81 Earnings Yield (Joel Greenblatt) % is 16.03% as of Mar. 2026, which is 33% below its 10-year median of 23.81. GuruFocus rates TPE:6005 with a GF Score™ of 81/100 and a GF Value™ of NT$44.13 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 776 Capital Markets companies, Capital Securities ranks better than 77.32% on this metric.
Capital Securities's Enterprise Value for the quarter that ended in Mar. 2026 was NT$75,508 Mil.
Capital Securities's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was NT$12,107 Mil. Capital Securities's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 16.03%.
The historical rank and industry rank for Capital Securities's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TPE:6005'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.63 Med: 23.81 Max: 81.18
Current: 12.79
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Capital Securities was 81.18%. The lowest was 10.63%. And the median was 23.81%.
TPE:6005's Earnings Yield (Joel Greenblatt) % is ranked better than 77.32% of 776
companies
in the Capital Markets industry
Industry Median: 2.76
vs TPE:6005: 12.79
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) %. Capital Securities's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 4.40%. 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.
Capital Securities (TPE:6005) 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.
Capital Securities Earnings Yield (Joel Greenblatt) % Related Terms
Capital Securities Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Capital Securities'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.
Capital Securities Earnings Yield (Joel Greenblatt) % Chart
For the Capital Markets subindustry, Capital Securities'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.
Capital Securities Earnings Yield (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Capital Securities's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Capital Securities's Earnings Yield (Joel Greenblatt) % falls into.
Capital Securities 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.
Capital Securitiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Capital Securities's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$12,107 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 16.03% mean?
Capital Securities (TPE:6005) has a Earnings Yield (Joel Greenblatt) % of 16.03% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Capital Securities and its competitors. This is 33% below median its historical median of 23.81. Over the past decade, Capital Securities' Earnings Yield (Joel Greenblatt) % has ranged from 10.63 to 81.18. According to the industry distribution chart, Capital Securities ranks #176 out of 776 companies in the Capital Markets industry, placing it in the top 22.7%.
Is Capital Securities' Earnings Yield (Joel Greenblatt) % too high?
Capital Securities' current Earnings Yield (Joel Greenblatt) % of 16.03% is 33% below median its 10-year median of 23.81. Over the past 10 years, this metric has ranged from a low of 10.63 to a high of 81.18. The Capital Markets industry median Earnings Yield (Joel Greenblatt) % is 2.76. Capital Securities' value of 16.03% is 480.8% above this industry median. Based on the distribution chart, Capital Securities ranks #176 out of 776 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Capital Securities has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Capital Securities' Earnings Yield (Joel Greenblatt) % compare to MS and GS?
According to the Capital Markets industry distribution chart, Capital Securities ranks #176 out of 776 companies for Earnings Yield (Joel Greenblatt) %. This places Capital Securities in the top 23% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 2.76. Capital Securities' value of 16.03% is 480.8% above this benchmark. Historically, Capital Securities' own Earnings Yield (Joel Greenblatt) % has ranged from 10.63 to 81.18 over the past decade. While the company's 10-year median is 23.81 vs. the industry median of 2.76, Capital Securities 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 Capital Markets company?
The median Earnings Yield (Joel Greenblatt) % among Capital Markets companies is 2.76, based on 776 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. Capital Securities's current Earnings Yield (Joel Greenblatt) % of 16.03% is 480.8% 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 Capital Securities and its competitors. For the Capital Markets industry, the median Earnings Yield (Joel Greenblatt) % is 2.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capital Securities's current Earnings Yield (Joel Greenblatt) % is 16.03%, which is 33% below median its own 10-year median of 23.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Securities stock overvalued right now?
Based on GuruFocus' analysis, Capital Securities (TPE:6005) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$44.13, compared to a current price of NT$32.05 — trading 27.4% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 16.03%, which is 33% below median its 10-year median of 23.81 and 480.8% above the Capital Markets industry median of 2.76. Capital Securities' overall GF Score™ is 81/100 with 5 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 Capital Securities (TPE:6005), the current Earnings Yield (Joel Greenblatt) % is 16.03% as of Mar. 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 Capital Securities (TPE:6005) Overvalued in 2026?
Based on GuruFocus' analysis, Capital Securities stock appears to be undervalued.
The current stock price of NT$32.05 is trading 27.4% below its estimated GF Value™ of NT$44.13.
GuruFocus considers Capital Securities to be Modestly Undervalued.
Key valuation signals for TPE:6005:
Earnings Yield (Joel Greenblatt) %: 16.03% (33% below median its 10-year median of 23.81)
GF Value™: NT$44.13 vs. price of NT$32.05 (27.4% below fair value)
Industry Position: 480.8% above the Capital Markets median (#176 of 776)
No single metric tells the full story. See the TPE:6005 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capital Securities Corp is a Taiwan-based securities company engaged in brokerage, underwriting, proprietary trading, and derivatives businesses. It operates in segments such as the Brokerage segment, which is engaged in brokerage trading, margin trading, and securities lending business. Corporate financing segment: Engaged in providing advisory on initial public offering or to register on the emerging or listed market, securities underwriting and sales, corporate finance, mergers and acquisitions. Dealing segment: Engaged in trading securities and related listed stock instruments on a proprietary basis. Derivative instrument segment: Engaged in the investment, consultancy, and issuance of derivative instruments. Futures: Engaged in the business of domestic futures brokerage services.
81GF Score
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