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Taiwan PaihoTPE:9938 -0.24%81 Earnings Yield (Joel Greenblatt) % is 8.42% as of Jun. 2026, which is 4% below its 10-year median of 8.81. GuruFocus rates TPE:9938 with a GF Score™ of 81/100 and a GF Value™ of NT$68.46 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,071 Manufacturing - Apparel & Accessories companies, Taiwan Paiho ranks better than 66.39% on this metric.
Taiwan Paiho's Enterprise Value for the quarter that ended in Jun. 2026 was NT$26,066 Mil.
Taiwan Paiho's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was NT$2,195 Mil. Taiwan Paiho's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 8.42%.
The historical rank and industry rank for Taiwan Paiho's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TPE:9938'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.49 Med: 8.81 Max: 14.36
Current: 8.75
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Taiwan Paiho was 14.36%. The lowest was 3.49%. And the median was 8.81%.
TPE:9938's Earnings Yield (Joel Greenblatt) % is ranked better than 66.39% of 1071
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.65
vs TPE:9938: 8.75
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) %. Taiwan Paiho's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was -2.87%. 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.
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.
Taiwan Paiho Earnings Yield (Joel Greenblatt) % Related Terms
Taiwan Paiho Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Taiwan Paiho'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.
For the Textile Manufacturing subindustry, Taiwan Paiho'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.
Taiwan Paiho Earnings Yield (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Taiwan Paiho's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Taiwan Paiho's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Taiwan Paihos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Taiwan Paiho'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$2,195 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 8.42% mean?
Taiwan Paiho (TPE:9938) has a Earnings Yield (Joel Greenblatt) % of 8.42% 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 Taiwan Paiho and its competitors. This is near median its historical median of 8.81. Over the past decade, Taiwan Paiho's Earnings Yield (Joel Greenblatt) % has ranged from 3.49 to 14.36. According to the industry distribution chart, Taiwan Paiho ranks #360 out of 1071 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 33.6%.
Is Taiwan Paiho's Earnings Yield (Joel Greenblatt) % too high?
Taiwan Paiho's current Earnings Yield (Joel Greenblatt) % of 8.42% is near median its 10-year median of 8.81. Over the past 10 years, this metric has ranged from a low of 3.49 to a high of 14.36. The Manufacturing - Apparel & Accessories industry median Earnings Yield (Joel Greenblatt) % is 5.65. Taiwan Paiho's value of 8.42% is 49% above this industry median. Based on the distribution chart, Taiwan Paiho ranks #360 out of 1071 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Taiwan Paiho has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Paiho's Earnings Yield (Joel Greenblatt) % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Taiwan Paiho ranks #360 out of 1071 companies for Earnings Yield (Joel Greenblatt) %. This puts Taiwan Paiho in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.65. Taiwan Paiho's value of 8.42% is 49% above this benchmark. Historically, Taiwan Paiho's own Earnings Yield (Joel Greenblatt) % has ranged from 3.49 to 14.36 over the past decade. While the company's 10-year median is 8.81 vs. the industry median of 5.65, Taiwan Paiho 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 Manufacturing - Apparel & Accessories company?
The median Earnings Yield (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 5.65, based on 1,071 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. Taiwan Paiho's current Earnings Yield (Joel Greenblatt) % of 8.42% is 49% 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 Taiwan Paiho and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Earnings Yield (Joel Greenblatt) % is 5.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Paiho's current Earnings Yield (Joel Greenblatt) % is 8.42%, which is near median its own 10-year median of 8.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Paiho stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Paiho (TPE:9938) is currently considered Possible Value Trap. The stock's GF Value™ is NT$68.46, compared to a current price of NT$41.15 — trading 39.9% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 8.42%, which is near median its 10-year median of 8.81 and 49% above the Manufacturing - Apparel & Accessories industry median of 5.65. Taiwan Paiho's overall GF Score™ is 81/100 with 8 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 Taiwan Paiho (TPE:9938), the current Earnings Yield (Joel Greenblatt) % is 8.42% 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 Taiwan Paiho (TPE:9938) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Paiho stock appears to be undervalued.
The current stock price of NT$41.15 is trading 39.9% below its estimated GF Value™ of NT$68.46.
GuruFocus considers Taiwan Paiho to be Possible Value Trap.
Key valuation signals for TPE:9938:
Earnings Yield (Joel Greenblatt) %: 8.42% (near median its 10-year median of 8.81)
GF Value™: NT$68.46 vs. price of NT$41.15 (39.9% below fair value)
Industry Position: 49% above the Manufacturing - Apparel & Accessories median (#360 of 1071)
No single metric tells the full story. See the TPE:9938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Paiho Ltd manufactures and sells touch fasteners, webbing, shoelaces, elastic, easy tape, and related superficial materials, as well as residential buildings constructed by entrusted construction contractors. The Group is also engaged in the construction business, including the sale of housing, shopping centers, and office buildings constructed by entrusted construction contractors. The Group operates through two reportable segments: Production, which generates maximum revenue, and Construction. Its business mainly operates in Taiwan, China, and Vietnam, with maximum revenue generated from Vietnam.
81GF Score
Get the complete analysis for TPE:9938
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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