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Noritake CoTSE:5331 71 Earnings Yield (Joel Greenblatt) % is 11.71% as of Mar. 2026, which is 23% below its 10-year median of 15.22. GuruFocus rates TSE:5331 with a GF Score™ of 71/100 and a GF Value™ of 円2,117.44 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 566 Conglomerates companies, Noritake Co ranks better than 68.9% on this metric.
Noritake Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円166,051 Mil.
Noritake Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円21,626 Mil. Noritake Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 11.71%.
The historical rank and industry rank for Noritake Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:5331'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.86 Med: 15.22 Max: 27.36
Current: 10.12
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Noritake Co was 27.36%. The lowest was 2.86%. And the median was 15.22%.
TSE:5331's Earnings Yield (Joel Greenblatt) % is ranked better than 68.9% of 566
companies
in the Conglomerates industry
Industry Median: 6.62
vs TSE:5331: 10.12
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) %. Noritake Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 20.88%. 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.
Noritake Co (TSE:5331) 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.
Noritake Co Earnings Yield (Joel Greenblatt) % Related Terms
Noritake Co Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Noritake 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.
Noritake Co Earnings Yield (Joel Greenblatt) % Chart
TSE:5331 vs MMM, HON: Earnings Yield (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, Noritake 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.
Noritake Co Earnings Yield (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Noritake Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Noritake Co's Earnings Yield (Joel Greenblatt) % falls into.
Noritake 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.
Noritake Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Noritake Co'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21,626 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 11.71% mean?
Noritake Co (TSE:5331) has a Earnings Yield (Joel Greenblatt) % of 11.71% 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 Noritake Co and its competitors. This is 23% below median its historical median of 15.22. Over the past decade, Noritake Co's Earnings Yield (Joel Greenblatt) % has ranged from 2.86 to 27.36. According to the industry distribution chart, Noritake Co ranks #176 out of 566 companies in the Conglomerates industry, placing it in the top 31.1%.
Is Noritake Co's Earnings Yield (Joel Greenblatt) % too high?
Noritake Co's current Earnings Yield (Joel Greenblatt) % of 11.71% is 23% below median its 10-year median of 15.22. Over the past 10 years, this metric has ranged from a low of 2.86 to a high of 27.36. The Conglomerates industry median Earnings Yield (Joel Greenblatt) % is 6.62. Noritake Co's value of 11.71% is 76.9% above this industry median. Based on the distribution chart, Noritake Co ranks #176 out of 566 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Noritake Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Noritake Co's Earnings Yield (Joel Greenblatt) % compare to MMM and HON?
According to the Conglomerates industry distribution chart, Noritake Co ranks #176 out of 566 companies for Earnings Yield (Joel Greenblatt) %. This puts Noritake Co in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.62. Noritake Co's value of 11.71% is 76.9% above this benchmark. Historically, Noritake Co's own Earnings Yield (Joel Greenblatt) % has ranged from 2.86 to 27.36 over the past decade. While the company's 10-year median is 15.22 vs. the industry median of 6.62, Noritake 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 a Conglomerates company?
The median Earnings Yield (Joel Greenblatt) % among Conglomerates companies is 6.62, based on 566 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. Noritake Co's current Earnings Yield (Joel Greenblatt) % of 11.71% is 76.9% 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 Noritake Co and its competitors. For the Conglomerates industry, the median Earnings Yield (Joel Greenblatt) % is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noritake Co's current Earnings Yield (Joel Greenblatt) % is 11.71%, which is 23% below median its own 10-year median of 15.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noritake Co stock overvalued right now?
Based on GuruFocus' analysis, Noritake Co (TSE:5331) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,117.44, compared to a current price of 円3,870.00 — trading 82.8% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 11.71%, which is 23% below median its 10-year median of 15.22 and 76.9% above the Conglomerates industry median of 6.62. Noritake Co's overall GF Score™ is 71/100 with 2 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 Noritake Co (TSE:5331), the current Earnings Yield (Joel Greenblatt) % is 11.71% 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 Noritake Co (TSE:5331) Overvalued in 2026?
Based on GuruFocus' analysis, Noritake Co stock appears to be overvalued.
The current stock price of 円3,870.00 is trading 82.8% above its estimated GF Value™ of 円2,117.44.
GuruFocus considers Noritake Co to be Significantly Overvalued.
Key valuation signals for TSE:5331:
Earnings Yield (Joel Greenblatt) %: 11.71% (23% below median its 10-year median of 15.22)
GF Value™: 円2,117.44 vs. price of 円3,870.00 (82.8% above fair value)
Industry Position: 76.9% above the Conglomerates median (#176 of 566)
No single metric tells the full story. See the TSE:5331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Noritake Co Ltd is engaged in manufacturing of grinding and polishing tools, electronic component materials and manufacturing equipment. The group has established four different business fields with the application and development of a variety of ceramics manufacturing technologies: Industrial Products, which supports industries with grinding wheels and diamond tools, Ceramics & Materials, which supplies ceramic raw materials to many kinds of manufacturers, Engineering which develops and proposes manufacturing equipment and technologies, and Tabletop, which offers tableware to create rich and luxurious dining.
71GF 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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