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GrandesTSE:3261 68 Earnings Yield (Joel Greenblatt) % is 1.59% as of Jun. 2026, which is 86% below its 10-year median of 11.40. GuruFocus rates TSE:3261 with a GF Score™ of 68/100 and a GF Value™ of 円387.13 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,825 Real Estate companies, Grandes ranks worse than 66.63% on this metric.
Grandes's Enterprise Value for the quarter that ended in Jun. 2026 was 円2,702 Mil.
Grandes's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was 円43 Mil. Grandes's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 1.59%.
The historical rank and industry rank for Grandes's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:3261'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.04 Med: 11.4 Max: 100.13
Current: 1.5
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Grandes was 100.13%. The lowest was -2.04%. And the median was 11.40%.
TSE:3261's Earnings Yield (Joel Greenblatt) % is ranked worse than 66.63% of 1825
companies
in the Real Estate industry
Industry Median: 4.92
vs TSE:3261: 1.50
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) %. Grandes's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 0.00%. 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.
Grandes (TSE:3261) 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.
Grandes Earnings Yield (Joel Greenblatt) % Related Terms
Grandes Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Grandes'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 Real Estate Services subindustry, Grandes'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.
Grandes Earnings Yield (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Grandes's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Grandes's Earnings Yield (Joel Greenblatt) % falls into.
Grandes 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.
Grandess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Grandes'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 円43 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 1.59% mean?
Grandes (TSE:3261) has a Earnings Yield (Joel Greenblatt) % of 1.59% 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 Grandes and its competitors. This is 86% below median its historical median of 11.40. According to the industry distribution chart, Grandes ranks #1216 out of 1825 companies in the Real Estate industry, placing it in the top 66.6%.
Is Grandes' Earnings Yield (Joel Greenblatt) % too high?
Grandes' current Earnings Yield (Joel Greenblatt) % of 1.59% is 86% below median its 10-year median of 11.40. The Real Estate industry median Earnings Yield (Joel Greenblatt) % is 4.92. Grandes' value of 1.59% is 67.7% below this industry median. Based on the distribution chart, Grandes ranks #1216 out of 1825 companies in the Real Estate industry, which is below the industry midpoint. Overall, Grandes has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grandes' Earnings Yield (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Grandes ranks #1216 out of 1825 companies for Earnings Yield (Joel Greenblatt) %. This places Grandes in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 4.92. Grandes' value of 1.59% is 67.7% below this benchmark. While the company's 10-year median is 11.40 vs. the industry median of 4.92, Grandes has consistently been below 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 4.92, based on 1,825 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. Grandes's current Earnings Yield (Joel Greenblatt) % of 1.59% is 67.7% below 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 Grandes and its competitors. For the Real Estate industry, the median Earnings Yield (Joel Greenblatt) % is 4.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grandes's current Earnings Yield (Joel Greenblatt) % is 1.59%, which is 86% below median its own 10-year median of 11.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grandes stock overvalued right now?
Based on GuruFocus' analysis, Grandes (TSE:3261) is currently considered Fairly Valued. The stock's GF Value™ is 円387.13, compared to a current price of 円417.00 — trading 7.7% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 1.59%, which is 86% below median its 10-year median of 11.40 and 67.7% below the Real Estate industry median of 4.92. Grandes' overall GF Score™ is 68/100 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 Grandes (TSE:3261), the current Earnings Yield (Joel Greenblatt) % is 1.59% 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 Grandes (TSE:3261) Overvalued in 2026?
Based on GuruFocus' analysis, Grandes stock appears to be overvalued.
The current stock price of 円417.00 is trading 7.7% above its estimated GF Value™ of 円387.13.
GuruFocus considers Grandes to be Fairly Valued.
Key valuation signals for TSE:3261:
Earnings Yield (Joel Greenblatt) %: 1.59% (86% below median its 10-year median of 11.40)
GF Value™: 円387.13 vs. price of 円417.00 (7.7% above fair value)
Industry Position: 67.7% below the Real Estate median (#1216 of 1825)
No single metric tells the full story. See the TSE:3261 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grandes Inc is engages in the construction and sale of real estate properties in Japan. It is involved in the planning, development, and provision of wooded detached houses in Oita and Beppu in Japan.
68GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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