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NOFTSE:4403 -0.92%84 Earnings Yield (Joel Greenblatt) % is 10.57% as of Jun. 2026, which is 2% below its 10-year median of 10.78. GuruFocus rates TSE:4403 with a GF Score™ of 84/100 and a GF Value™ of 円3,134.34 (Modestly Undervalued). Among 1,641 Chemicals companies, NOF ranks better than 80.32% on this metric.
NOF's Enterprise Value for the quarter that ended in Jun. 2026 was 円536,559 Mil.
NOF's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was 円56,710 Mil. NOF's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 10.57%.
The historical rank and industry rank for NOF's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:4403'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.94 Med: 10.78 Max: 13.74
Current: 10.91
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of NOF was 13.74%. The lowest was 6.94%. And the median was 10.78%.
TSE:4403's Earnings Yield (Joel Greenblatt) % is ranked better than 80.32% of 1641
companies
in the Chemicals industry
Industry Median: 4.25
vs TSE:4403: 10.91
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) %. NOF's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 11.70%. 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.
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.
NOF Earnings Yield (Joel Greenblatt) % Related Terms
NOF Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for NOF'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 Specialty Chemicals subindustry, NOF'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.
NOF Earnings Yield (Joel Greenblatt) % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, NOF's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NOF's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
NOFs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
NOF'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56,710 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 10.57% mean?
NOF (TSE:4403) has a Earnings Yield (Joel Greenblatt) % of 10.57% 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 NOF and its competitors. This is near median its historical median of 10.78. Over the past decade, NOF's Earnings Yield (Joel Greenblatt) % has ranged from 6.94 to 13.74. According to the industry distribution chart, NOF ranks #323 out of 1641 companies in the Chemicals industry, placing it in the top 19.7%.
Is NOF's Earnings Yield (Joel Greenblatt) % too high?
NOF's current Earnings Yield (Joel Greenblatt) % of 10.57% is near median its 10-year median of 10.78. Over the past 10 years, this metric has ranged from a low of 6.94 to a high of 13.74. The Chemicals industry median Earnings Yield (Joel Greenblatt) % is 4.25. NOF's value of 10.57% is 148.7% above this industry median. Based on the distribution chart, NOF ranks #323 out of 1641 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, NOF has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NOF's Earnings Yield (Joel Greenblatt) % compare to LIN and SHW?
According to the Chemicals industry distribution chart, NOF ranks #323 out of 1641 companies for Earnings Yield (Joel Greenblatt) %. This places NOF in the top 20% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 4.25. NOF's value of 10.57% is 148.7% above this benchmark. Historically, NOF's own Earnings Yield (Joel Greenblatt) % has ranged from 6.94 to 13.74 over the past decade. While the company's 10-year median is 10.78 vs. the industry median of 4.25, NOF 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 Chemicals company?
The median Earnings Yield (Joel Greenblatt) % among Chemicals companies is 4.25, based on 1,641 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. NOF's current Earnings Yield (Joel Greenblatt) % of 10.57% is 148.7% 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 NOF and its competitors. For the Chemicals industry, the median Earnings Yield (Joel Greenblatt) % is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NOF's current Earnings Yield (Joel Greenblatt) % is 10.57%, which is near median its own 10-year median of 10.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NOF stock overvalued right now?
Based on GuruFocus' analysis, NOF (TSE:4403) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,134.34, compared to a current price of 円2,588.50 — trading 17.4% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 10.57%, which is near median its 10-year median of 10.78 and 148.7% above the Chemicals industry median of 4.25. NOF's overall GF Score™ is 84/100. 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 NOF (TSE:4403), the current Earnings Yield (Joel Greenblatt) % is 10.57% 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 NOF (TSE:4403) Overvalued in 2026?
Based on GuruFocus' analysis, NOF stock appears to be undervalued.
The current stock price of 円2,588.50 is trading 17.4% below its estimated GF Value™ of 円3,134.34.
GuruFocus considers NOF to be Modestly Undervalued.
Key valuation signals for TSE:4403:
Earnings Yield (Joel Greenblatt) %: 10.57% (near median its 10-year median of 10.78)
GF Value™: 円3,134.34 vs. price of 円2,588.50 (17.4% below fair value)
Industry Position: 148.7% above the Chemicals median (#323 of 1641)
No single metric tells the full story. See the TSE:4403 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NOF Corp is engaged in the chemical manufacturing business. The Group has three reportable segments: Functional Chemicals Business, Pharmaceuticals, Medical and Healthcare Business, & Chemicals Business. The Functional Chemicals segment manufactures and sells fatty acids, surfactants, ethylene oxide/propylene oxide derivatives, organic peroxides, petrochemicals, functional polymers, electronic materials, and special rust prevention agents. The Pharmaceuticals, Medical and Healthcare segment produces pharmaceutical and functional food ingredients, health-related products, biocompatible materials, and raw materials for DDS pharmaceutical formulations. The Chemicals segment manufactures and sells industrial explosives, space-related products, defense-related products, and functional products.
84GF 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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