Daiwa House Industry Co (TSE:1925) Earnings Yield (Joel Greenblatt) %: 9.86% (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:1925 Daiwa House Industry Co Ltd TSE:1925
83 GF Score
Price 円4,513.00
GF Value 円5,189.44
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Daiwa House Industry Co Earnings Yield (Joel Greenblatt) %?

Daiwa House Industry Co TSE:1925 -0.68% 83 Earnings Yield (Joel Greenblatt) % is 9.86% as of Mar. 2026, which is 4% below its 10-year median of 10.32. GuruFocus rates TSE:1925 with a GF Score™ of 83/100 and a GF Value™ of 円5,189.44 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,826 Real Estate companies, Daiwa House Industry Co ranks better than 75.14% on this metric.

Daiwa House Industry Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円5,948,071 Mil. Daiwa House Industry Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円586,763 Mil. Daiwa House Industry Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 9.86%.

The historical rank and industry rank for Daiwa House Industry Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

TSE:1925' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.49   Med: 10.32   Max: 20.47
Current: 10.29

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Daiwa House Industry Co was 20.47%. The lowest was 6.49%. And the median was 10.32%.

TSE:1925's Earnings Yield (Joel Greenblatt) % is ranked better than
75.14% of 1826 companies
in the Real Estate industry
Industry Median: 4.725 vs TSE:1925: 10.29

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) %. Daiwa House Industry Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 10.78%. 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.


Daiwa House Industry Co  (TSE:1925) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Daiwa House Industry Co Earnings Yield (Joel Greenblatt) % Related Terms


Daiwa House Industry Co Earnings Yield (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Daiwa House Industry 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.

Daiwa House Industry Co Earnings Yield (Joel Greenblatt) % Chart

Daiwa House Industry Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.85 12.25 10.30 10.09 9.86

Daiwa House Industry Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.09 9.54 8.90 8.50 9.86

Daiwa House Industry Co Earnings Yield (Joel Greenblatt) % Competitor Comparison

For the Real Estate - Development subindustry, Daiwa House Industry 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.


Daiwa House Industry Co Earnings Yield (Joel Greenblatt) % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Daiwa House Industry Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Daiwa House Industry Co's Earnings Yield (Joel Greenblatt) % falls into.


TSE:1925
83GF Score
Daiwa House Industry Co Ltd TSE:1925
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daiwa House Industry 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.

Daiwa House Industry Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=586763/5948070.546
=9.86 %

Daiwa House Industry Co'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 円586,763 Mil.


What does a Earnings Yield (Joel Greenblatt) % of 9.86% mean?
Daiwa House Industry Co (TSE:1925) has a Earnings Yield (Joel Greenblatt) % of 9.86% 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 Daiwa House Industry Co and its competitors. This is near median its historical median of 10.32. Over the past decade, Daiwa House Industry Co's Earnings Yield (Joel Greenblatt) % has ranged from 6.49 to 20.47. According to the industry distribution chart, Daiwa House Industry Co ranks #454 out of 1826 companies in the Real Estate industry, placing it in the top 24.9%.
Is Daiwa House Industry Co's Earnings Yield (Joel Greenblatt) % too high?
Daiwa House Industry Co's current Earnings Yield (Joel Greenblatt) % of 9.86% is near median its 10-year median of 10.32. Over the past 10 years, this metric has ranged from a low of 6.49 to a high of 20.47. The Real Estate industry median Earnings Yield (Joel Greenblatt) % is 4.73. Daiwa House Industry Co's value of 9.86% is 108.7% above this industry median. Based on the distribution chart, Daiwa House Industry Co ranks #454 out of 1826 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Daiwa House Industry Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Daiwa House Industry Co's Earnings Yield (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Daiwa House Industry Co ranks #454 out of 1826 companies for Earnings Yield (Joel Greenblatt) %. This places Daiwa House Industry Co in the top 25% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 4.73. Daiwa House Industry Co's value of 9.86% is 108.7% above this benchmark. Historically, Daiwa House Industry Co's own Earnings Yield (Joel Greenblatt) % has ranged from 6.49 to 20.47 over the past decade. While the company's 10-year median is 10.32 vs. the industry median of 4.73, Daiwa House Industry 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 Real Estate company?
The median Earnings Yield (Joel Greenblatt) % among Real Estate companies is 4.73, based on 1,826 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. Daiwa House Industry Co's current Earnings Yield (Joel Greenblatt) % of 9.86% is 108.7% 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 Daiwa House Industry Co and its competitors. For the Real Estate industry, the median Earnings Yield (Joel Greenblatt) % is 4.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa House Industry Co's current Earnings Yield (Joel Greenblatt) % is 9.86%, which is near median its own 10-year median of 10.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa House Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Daiwa House Industry Co (TSE:1925) is currently considered Modestly Undervalued. The stock's GF Value™ is 円5,189.44, compared to a current price of 円4,513.00 — trading 13% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 9.86%, which is near median its 10-year median of 10.32 and 108.7% above the Real Estate industry median of 4.73. Daiwa House Industry Co's overall GF Score™ is 83/100 with 4 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 Daiwa House Industry Co (TSE:1925), the current Earnings Yield (Joel Greenblatt) % is 9.86% 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 Daiwa House Industry Co (TSE:1925) Overvalued in 2026?

Based on GuruFocus' analysis, Daiwa House Industry Co stock appears to be undervalued. The current stock price of 円4,513.00 is trading 13% below its estimated GF Value™ of 円5,189.44. GuruFocus considers Daiwa House Industry Co to be Modestly Undervalued.

Key valuation signals for TSE:1925:

  • Earnings Yield (Joel Greenblatt) %: 9.86% (near median its 10-year median of 10.32)
  • GF Value™: 円5,189.44 vs. price of 円4,513.00 (13% below fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 108.7% above the Real Estate median (#454 of 1826)

No single metric tells the full story. See the TSE:1925 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daiwa House Industry Co Business Description

Address 3-3-5 Umeda, Kita-ku, Osaka, JPN, 530-8241
Daiwa House Industry Co Ltd is engaged in the business of housing, commercial facilities, and urban development. The company operates through seven segments. The Apartment segment develops, sells, and manages condominiums, while the Business Facilities segment handles logistics, manufacturing, medical, and nursing care facilities. The Commercial Facility segment focuses on the development, construction, and management of retail spaces. The Detached Houses segment contracts and sells individual homes. The Environment Energy segment develops renewable power plants and electricity retail. The Rental Housing segment covers development, operation, and brokerage of rental housing, while Others include the resort hotel business.
83GF Score

Get the complete analysis for TSE:1925

Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円4,513.00
Price
円5,189.44
GF Value