One REIT (TSE:3290) Earnings Yield (Joel Greenblatt) %: 0.00% (As of Feb. 2026)

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:3290 One REIT Inc TSE:3290
54 GF Score
Price 円73,600.00
GF Value 円88,723.75
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is One REIT Earnings Yield (Joel Greenblatt) %?

One REIT TSE:3290 -0.94% 54 Earnings Yield (Joel Greenblatt) % is 0.00% as of Feb. 2026. GuruFocus rates TSE:3290 with a GF Score™ of 54/100 and a GF Value™ of 円88,723.75 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 952 REITs companies, One REIT ranks better than 52.84% on this metric.

One REIT's Enterprise Value for the quarter that ended in Feb. 2026 was 円132,857 Mil. One REIT's EBIT for the trailing twelve months (TTM) ended in Feb. 2026 was 円5,031 Mil. One REIT's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2026 was 0.00%.

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

TSE:3290' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.65   Med: 3.3   Max: 4.15
Current: 3.8

During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of One REIT was 4.15%. The lowest was 2.65%. And the median was 3.30%.

TSE:3290's Earnings Yield (Joel Greenblatt) % is ranked better than
52.84% of 952 companies
in the REITs industry
Industry Median: 3.53 vs TSE:3290: 3.80

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) %. One REIT's Forward Rate of Return (Yacktman) % for the quarter that ended in Feb. 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.


One REIT  (TSE:3290) 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.


One REIT Earnings Yield (Joel Greenblatt) % Related Terms


One REIT Earnings Yield (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for One REIT'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.

One REIT Earnings Yield (Joel Greenblatt) % Chart

One REIT Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.07 3.24 3.13 3.16 3.85

One REIT Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.00 3.16 0.00 3.85 0.00

TSE:3290 vs BXP, ARE, VNO: Earnings Yield (Joel Greenblatt) % Comparison

For the REIT - Office subindustry, One REIT'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.


One REIT Earnings Yield (Joel Greenblatt) % vs REITs Industry

For the REITs industry and Real Estate sector, One REIT's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where One REIT's Earnings Yield (Joel Greenblatt) % falls into.


TSE:3290
54GF Score
One REIT Inc TSE:3290
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

One REIT 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.

One REITs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Aug. 2025 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=5156.071/133910.479
=3.85 %

For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.


What does a Earnings Yield (Joel Greenblatt) % of 0.00% mean?
One REIT (TSE:3290) has a Earnings Yield (Joel Greenblatt) % of 0.00% as of Feb. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on One REIT and its competitors. Over the past decade, One REIT's Earnings Yield (Joel Greenblatt) % has ranged from 2.65 to 4.15. According to the industry distribution chart, One REIT ranks #449 out of 952 companies in the REITs industry, placing it in the top 47.2%.
Is One REIT's Earnings Yield (Joel Greenblatt) % too high?
One REIT's current Earnings Yield (Joel Greenblatt) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 2.65 to a high of 4.15. Based on the distribution chart, One REIT ranks #449 out of 952 companies in the REITs industry, which is above the industry midpoint. Overall, One REIT has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does One REIT's Earnings Yield (Joel Greenblatt) % compare to BXP and ARE?
According to the REITs industry distribution chart, One REIT ranks #449 out of 952 companies for Earnings Yield (Joel Greenblatt) %. This puts One REIT in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.53. Historically, One REIT's own Earnings Yield (Joel Greenblatt) % has ranged from 2.65 to 4.15 over the past decade. 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 REITs company?
The median Earnings Yield (Joel Greenblatt) % among REITs companies is 3.53, based on 952 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. 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 One REIT and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. One REIT's current Earnings Yield (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is One REIT stock overvalued right now?
Based on GuruFocus' analysis, One REIT (TSE:3290) is currently considered Modestly Undervalued. The stock's GF Value™ is 円88,723.75, compared to a current price of 円73,600.00 — trading 17% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 0.00%. One REIT's overall GF Score™ is 54/100 with 7 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 One REIT (TSE:3290), the current Earnings Yield (Joel Greenblatt) % is 0.00% as of Feb. 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 One REIT (TSE:3290) Overvalued in 2026?

Based on GuruFocus' analysis, One REIT stock appears to be undervalued. The current stock price of 円73,600.00 is trading 17% below its estimated GF Value™ of 円88,723.75. GuruFocus considers One REIT to be Modestly Undervalued.

Key valuation signals for TSE:3290:

  • Earnings Yield (Joel Greenblatt) %: 0.00%
  • GF Value™: 円88,723.75 vs. price of 円73,600.00 (17% below fair value)
  • GF Score™: 54/100 with 7 warning signs

No single metric tells the full story. See the TSE:3290 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


One REIT Business Description

Industry Real EstateREITs
Address 1-5-5 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0013
One REIT Inc operates as a real estate investment trust. The company invest in commercial real estate and office buildings in Japan. It operates in a single segment, which is real estate leasing.
54GF Score

Get the complete analysis for TSE:3290

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

円73,600.00
Price
円88,723.75
GF Value