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.
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.
Tokuden CoTSE:3437 -0.67%74 Earnings Yield (Joel Greenblatt) % is 18.23% as of Jun. 2026, which is 57% below its 10-year median of 42.85. GuruFocus rates TSE:3437 with a GF Score™ of 74/100 and a GF Value™ of 円2,709.65 (Fairly Valued). The stock has 4 warning signs investors should review. Among 3,105 Industrial Products companies, Tokuden Co ranks better than 93.4% on this metric.
Tokuden Co's Enterprise Value for the quarter that ended in Jun. 2026 was 円3,223 Mil.
Tokuden Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was 円588 Mil. Tokuden Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 18.23%.
The historical rank and industry rank for Tokuden Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:3437'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.63 Med: 42.85 Max: 517.56
Current: 19.13
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tokuden Co was 517.56%. The lowest was 11.63%. And the median was 42.85%.
TSE:3437's Earnings Yield (Joel Greenblatt) % is ranked better than 93.4% of 3105
companies
in the Industrial Products industry
Industry Median: 3.46
vs TSE:3437: 19.13
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) %. Tokuden Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 2.68%. 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.
Tokuden Co (TSE:3437) 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.
Tokuden Co Earnings Yield (Joel Greenblatt) % Related Terms
Tokuden Co Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Tokuden 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.
Tokuden Co Earnings Yield (Joel Greenblatt) % Chart
For the Specialty Industrial Machinery subindustry, Tokuden 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.
Tokuden Co Earnings Yield (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Tokuden Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tokuden Co's Earnings Yield (Joel Greenblatt) % falls into.
Tokuden 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.
Tokuden Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Tokuden Co'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588 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 18.23% mean?
Tokuden Co (TSE:3437) has a Earnings Yield (Joel Greenblatt) % of 18.23% 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 Tokuden Co and its competitors. This is 57% below median its historical median of 42.85. Over the past decade, Tokuden Co's Earnings Yield (Joel Greenblatt) % has ranged from 11.63 to 517.56. According to the industry distribution chart, Tokuden Co ranks #205 out of 3105 companies in the Industrial Products industry, placing it in the top 6.6%.
Is Tokuden Co's Earnings Yield (Joel Greenblatt) % too high?
Tokuden Co's current Earnings Yield (Joel Greenblatt) % of 18.23% is 57% below median its 10-year median of 42.85. Over the past 10 years, this metric has ranged from a low of 11.63 to a high of 517.56. The Industrial Products industry median Earnings Yield (Joel Greenblatt) % is 3.46. Tokuden Co's value of 18.23% is 426.9% above this industry median. Based on the distribution chart, Tokuden Co ranks #205 out of 3105 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Tokuden Co has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tokuden Co's Earnings Yield (Joel Greenblatt) % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Tokuden Co ranks #205 out of 3105 companies for Earnings Yield (Joel Greenblatt) %. This places Tokuden Co in the top 7% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 3.46. Tokuden Co's value of 18.23% is 426.9% above this benchmark. Historically, Tokuden Co's own Earnings Yield (Joel Greenblatt) % has ranged from 11.63 to 517.56 over the past decade. While the company's 10-year median is 42.85 vs. the industry median of 3.46, Tokuden 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 an Industrial Products company?
The median Earnings Yield (Joel Greenblatt) % among Industrial Products companies is 3.46, based on 3,105 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. Tokuden Co's current Earnings Yield (Joel Greenblatt) % of 18.23% is 426.9% 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 Tokuden Co and its competitors. For the Industrial Products industry, the median Earnings Yield (Joel Greenblatt) % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokuden Co's current Earnings Yield (Joel Greenblatt) % is 18.23%, which is 57% below median its own 10-year median of 42.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokuden Co stock overvalued right now?
Based on GuruFocus' analysis, Tokuden Co (TSE:3437) is currently considered Fairly Valued. The stock's GF Value™ is 円2,709.65, compared to a current price of 円2,655.00 — trading 2% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 18.23%, which is 57% below median its 10-year median of 42.85 and 426.9% above the Industrial Products industry median of 3.46. Tokuden Co's overall GF Score™ is 74/100 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 Tokuden Co (TSE:3437), the current Earnings Yield (Joel Greenblatt) % is 18.23% 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 Tokuden Co (TSE:3437) Overvalued in 2026?
Based on GuruFocus' analysis, Tokuden Co stock appears to be undervalued.
The current stock price of 円2,655.00 is trading 2% below its estimated GF Value™ of 円2,709.65.
GuruFocus considers Tokuden Co to be Fairly Valued.
Key valuation signals for TSE:3437:
Earnings Yield (Joel Greenblatt) %: 18.23% (57% below median its 10-year median of 42.85)
GF Value™: 円2,709.65 vs. price of 円2,655.00 (2% below fair value)
Industry Position: 426.9% above the Industrial Products median (#205 of 3105)
No single metric tells the full story. See the TSE:3437 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokuden Co Ltd is engaged in the manufacturing of industrial products like submerged arc welding, wire for TIG welding, wire for MIG welding, fusion type flux, and PTA welding powder material.
74GF Score
Get the complete analysis for TSE:3437
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3437 has been successfully added to your 
