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Morinaga Milk Industry CoTSE:2264 +1.56%74 Earnings Yield (Joel Greenblatt) % is 6.95% as of Mar. 2026, which is 12% below its 10-year median of 7.92. GuruFocus rates TSE:2264 with a GF Score™ of 74/100 and a GF Value™ of 円887.32 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,044 Consumer Packaged Goods companies, Morinaga Milk Industry Co ranks better than 58.27% on this metric.
Morinaga Milk Industry Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円486,029 Mil.
Morinaga Milk Industry Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円33,757 Mil. Morinaga Milk Industry Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 6.95%.
The historical rank and industry rank for Morinaga Milk Industry Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:2264'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.47 Med: 7.92 Max: 39.16
Current: 7.41
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Morinaga Milk Industry Co was 39.16%. The lowest was 4.47%. And the median was 7.92%.
TSE:2264's Earnings Yield (Joel Greenblatt) % is ranked better than 58.27% of 2044
companies
in the Consumer Packaged Goods industry
Industry Median: 5.93
vs TSE:2264: 7.41
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) %. Morinaga Milk Industry Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 11.95%. 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.
Morinaga Milk Industry Co (TSE:2264) 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.
Morinaga Milk Industry Co Earnings Yield (Joel Greenblatt) % Related Terms
Morinaga Milk Industry Co Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Morinaga Milk 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.
Morinaga Milk Industry Co Earnings Yield (Joel Greenblatt) % Chart
TSE:2264 vs KHC, GIS: Earnings Yield (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Morinaga Milk 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.
Morinaga Milk Industry Co Earnings Yield (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Morinaga Milk Industry Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Morinaga Milk Industry Co's Earnings Yield (Joel Greenblatt) % falls into.
Morinaga Milk 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.
Morinaga Milk Industry Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Morinaga Milk 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33,757 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 6.95% mean?
Morinaga Milk Industry Co (TSE:2264) has a Earnings Yield (Joel Greenblatt) % of 6.95% 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 Morinaga Milk Industry Co and its competitors. This is 12% below median its historical median of 7.92. Over the past decade, Morinaga Milk Industry Co's Earnings Yield (Joel Greenblatt) % has ranged from 4.47 to 39.16. According to the industry distribution chart, Morinaga Milk Industry Co ranks #853 out of 2044 companies in the Consumer Packaged Goods industry, placing it in the top 41.7%.
Is Morinaga Milk Industry Co's Earnings Yield (Joel Greenblatt) % too high?
Morinaga Milk Industry Co's current Earnings Yield (Joel Greenblatt) % of 6.95% is 12% below median its 10-year median of 7.92. Over the past 10 years, this metric has ranged from a low of 4.47 to a high of 39.16. The Consumer Packaged Goods industry median Earnings Yield (Joel Greenblatt) % is 5.93. Morinaga Milk Industry Co's value of 6.95% is 17.2% above this industry median. Based on the distribution chart, Morinaga Milk Industry Co ranks #853 out of 2044 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Morinaga Milk Industry Co has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morinaga Milk Industry Co's Earnings Yield (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Morinaga Milk Industry Co ranks #853 out of 2044 companies for Earnings Yield (Joel Greenblatt) %. This puts Morinaga Milk Industry Co in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.93. Morinaga Milk Industry Co's value of 6.95% is 17.2% above this benchmark. Historically, Morinaga Milk Industry Co's own Earnings Yield (Joel Greenblatt) % has ranged from 4.47 to 39.16 over the past decade. While the company's 10-year median is 7.92 vs. the industry median of 5.93, Morinaga Milk 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 Consumer Packaged Goods company?
The median Earnings Yield (Joel Greenblatt) % among Consumer Packaged Goods companies is 5.93, based on 2,044 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. Morinaga Milk Industry Co's current Earnings Yield (Joel Greenblatt) % of 6.95% is 17.2% 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 Morinaga Milk Industry Co and its competitors. For the Consumer Packaged Goods industry, the median Earnings Yield (Joel Greenblatt) % is 5.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morinaga Milk Industry Co's current Earnings Yield (Joel Greenblatt) % is 6.95%, which is 12% below median its own 10-year median of 7.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morinaga Milk Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Morinaga Milk Industry Co (TSE:2264) is currently considered Modestly Overvalued. The stock's GF Value™ is 円887.32, compared to a current price of 円1,106.00 — trading 24.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 6.95%, which is 12% below median its 10-year median of 7.92 and 17.2% above the Consumer Packaged Goods industry median of 5.93. Morinaga Milk Industry Co's overall GF Score™ is 74/100 with 2 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 Morinaga Milk Industry Co (TSE:2264), the current Earnings Yield (Joel Greenblatt) % is 6.95% 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 Morinaga Milk Industry Co (TSE:2264) Overvalued in 2026?
Based on GuruFocus' analysis, Morinaga Milk Industry Co stock appears to be overvalued.
The current stock price of 円1,106.00 is trading 24.6% above its estimated GF Value™ of 円887.32.
GuruFocus considers Morinaga Milk Industry Co to be Modestly Overvalued.
Key valuation signals for TSE:2264:
Earnings Yield (Joel Greenblatt) %: 6.95% (12% below median its 10-year median of 7.92)
GF Value™: 円887.32 vs. price of 円1,106.00 (24.6% above fair value)
Industry Position: 17.2% above the Consumer Packaged Goods median (#853 of 2044)
No single metric tells the full story. See the TSE:2264 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morinaga Milk Industry Co Ltd is a Japanese company engaged in the production and distribution of dairy products. It produces a variety of milk and milk-based products such as dairy-based beverages, yogurt, desserts, condensed milk, powdered milk, butter, cheese, ice cream, clinical liquid diets. It also manufactures and sells animal feed, and constructs plant equipment. The company through its subsidiaries markets its products internationally.
74GF Score
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