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.
Business EngineeringTSE:4828 +2.17%92 Earnings Yield (Joel Greenblatt) % is 11.43% as of Mar. 2026, which is 12% above its 10-year median of 10.22. GuruFocus rates TSE:4828 with a GF Score™ of 92/100 and a GF Value™ of 円1,050.98 (Modestly Overvalued). Among 2,913 Software companies, Business Engineering ranks better than 78.99% on this metric.
Business Engineering's Enterprise Value for the quarter that ended in Mar. 2026 was 円58,461 Mil.
Business Engineering's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円6,610 Mil. Business Engineering's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 11.43%.
The historical rank and industry rank for Business Engineering's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:4828'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.42 Med: 10.22 Max: 16.95
Current: 9.65
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Business Engineering was 16.95%. The lowest was 3.42%. And the median was 10.22%.
TSE:4828's Earnings Yield (Joel Greenblatt) % is ranked better than 78.99% of 2913
companies
in the Software industry
Industry Median: 1.9
vs TSE:4828: 9.65
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) %. Business Engineering's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 23.47%. 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.
Business Engineering (TSE:4828) 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.
Business Engineering Earnings Yield (Joel Greenblatt) % Related Terms
Business Engineering Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Business Engineering'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.
Business Engineering Earnings Yield (Joel Greenblatt) % Chart
For the Software - Application subindustry, Business Engineering'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.
Business Engineering Earnings Yield (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Business Engineering's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Business Engineering's Earnings Yield (Joel Greenblatt) % falls into.
Business Engineering 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.
Business Engineerings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Business Engineering'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6,610 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 11.43% mean?
Business Engineering (TSE:4828) has a Earnings Yield (Joel Greenblatt) % of 11.43% 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 Business Engineering and its competitors. This is 12% above median its historical median of 10.22. Over the past decade, Business Engineering's Earnings Yield (Joel Greenblatt) % has ranged from 3.42 to 16.95. According to the industry distribution chart, Business Engineering ranks #612 out of 2913 companies in the Software industry, placing it in the top 21%.
Is Business Engineering's Earnings Yield (Joel Greenblatt) % too high?
Business Engineering's current Earnings Yield (Joel Greenblatt) % of 11.43% is 12% above median its 10-year median of 10.22. Over the past 10 years, this metric has ranged from a low of 3.42 to a high of 16.95. The Software industry median Earnings Yield (Joel Greenblatt) % is 1.90. Business Engineering's value of 11.43% is 501.6% above this industry median. Based on the distribution chart, Business Engineering ranks #612 out of 2913 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Business Engineering has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Business Engineering's Earnings Yield (Joel Greenblatt) % compare to CRM and SHOP?
According to the Software industry distribution chart, Business Engineering ranks #612 out of 2913 companies for Earnings Yield (Joel Greenblatt) %. This places Business Engineering in the top 21% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 1.90. Business Engineering's value of 11.43% is 501.6% above this benchmark. Historically, Business Engineering's own Earnings Yield (Joel Greenblatt) % has ranged from 3.42 to 16.95 over the past decade. While the company's 10-year median is 10.22 vs. the industry median of 1.90, Business Engineering 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 Software company?
The median Earnings Yield (Joel Greenblatt) % among Software companies is 1.90, based on 2,913 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. Business Engineering's current Earnings Yield (Joel Greenblatt) % of 11.43% is 501.6% 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 Business Engineering and its competitors. For the Software industry, the median Earnings Yield (Joel Greenblatt) % is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Business Engineering's current Earnings Yield (Joel Greenblatt) % is 11.43%, which is 12% above median its own 10-year median of 10.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Business Engineering stock overvalued right now?
Based on GuruFocus' analysis, Business Engineering (TSE:4828) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,050.98, compared to a current price of 円1,364.00 — trading 29.8% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 11.43%, which is 12% above median its 10-year median of 10.22 and 501.6% above the Software industry median of 1.90. Business Engineering's overall GF Score™ is 92/100. 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 Business Engineering (TSE:4828), the current Earnings Yield (Joel Greenblatt) % is 11.43% 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 Business Engineering (TSE:4828) Overvalued in 2026?
Based on GuruFocus' analysis, Business Engineering stock appears to be overvalued.
The current stock price of 円1,364.00 is trading 29.8% above its estimated GF Value™ of 円1,050.98.
GuruFocus considers Business Engineering to be Modestly Overvalued.
Key valuation signals for TSE:4828:
Earnings Yield (Joel Greenblatt) %: 11.43% (12% above median its 10-year median of 10.22)
GF Value™: 円1,050.98 vs. price of 円1,364.00 (29.8% above fair value)
Industry Position: 501.6% above the Software median (#612 of 2913)
No single metric tells the full story. See the TSE:4828 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Business Engineering Corp is a Japan-based company engaged in providing enterprise software solutions. The solutions offered by the company include Wide line up solutions, Oracle, Mcframe, Mcframe cloud, Global MES, SAP, Mcframe motion VR learning.
92GF Score
Get the complete analysis for TSE:4828
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:4828 has been successfully added to your 
