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Techno Horizon CoTSE:6629 -1.01%62 Earnings Yield (Joel Greenblatt) % is 16.78% as of Mar. 2026, which is 182% above its 10-year median of 5.96. GuruFocus rates TSE:6629 with a GF Score™ of 62/100 and a GF Value™ of 円532.17 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,497 Hardware companies, Techno Horizon Co ranks better than 88.99% on this metric.
Techno Horizon Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円20,260 Mil.
Techno Horizon Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円3,165 Mil. Techno Horizon Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 16.78%.
The historical rank and industry rank for Techno Horizon Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:6629'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.77 Med: 5.96 Max: 17.17
Current: 14.6
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Techno Horizon Co was 17.17%. The lowest was -3.77%. And the median was 5.96%.
TSE:6629's Earnings Yield (Joel Greenblatt) % is ranked better than 88.99% of 2497
companies
in the Hardware industry
Industry Median: 2.61
vs TSE:6629: 14.60
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) %. Techno Horizon Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 9.62%. 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.
Techno Horizon Co (TSE:6629) 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.
Techno Horizon Co Earnings Yield (Joel Greenblatt) % Related Terms
Techno Horizon Co Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Techno Horizon 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.
Techno Horizon Co Earnings Yield (Joel Greenblatt) % Chart
For the Electronic Components subindustry, Techno Horizon 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.
Techno Horizon Co Earnings Yield (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Techno Horizon Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Techno Horizon Co's Earnings Yield (Joel Greenblatt) % falls into.
Techno Horizon 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.
Techno Horizon Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Techno Horizon 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3,165 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 16.78% mean?
Techno Horizon Co (TSE:6629) has a Earnings Yield (Joel Greenblatt) % of 16.78% 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 Techno Horizon Co and its competitors. This is 182% above median its historical median of 5.96. According to the industry distribution chart, Techno Horizon Co ranks #275 out of 2497 companies in the Hardware industry, placing it in the top 11%.
Is Techno Horizon Co's Earnings Yield (Joel Greenblatt) % too high?
Techno Horizon Co's current Earnings Yield (Joel Greenblatt) % of 16.78% is 182% above median its 10-year median of 5.96. The Hardware industry median Earnings Yield (Joel Greenblatt) % is 2.61. Techno Horizon Co's value of 16.78% is 542.9% above this industry median. Based on the distribution chart, Techno Horizon Co ranks #275 out of 2497 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Techno Horizon Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Techno Horizon Co's Earnings Yield (Joel Greenblatt) % compare to APH and GLW?
According to the Hardware industry distribution chart, Techno Horizon Co ranks #275 out of 2497 companies for Earnings Yield (Joel Greenblatt) %. This places Techno Horizon Co in the top 11% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 2.61. Techno Horizon Co's value of 16.78% is 542.9% above this benchmark. While the company's 10-year median is 5.96 vs. the industry median of 2.61, Techno Horizon 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 Hardware company?
The median Earnings Yield (Joel Greenblatt) % among Hardware companies is 2.61, based on 2,497 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. Techno Horizon Co's current Earnings Yield (Joel Greenblatt) % of 16.78% is 542.9% 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 Techno Horizon Co and its competitors. For the Hardware industry, the median Earnings Yield (Joel Greenblatt) % is 2.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techno Horizon Co's current Earnings Yield (Joel Greenblatt) % is 16.78%, which is 182% above median its own 10-year median of 5.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Horizon Co stock overvalued right now?
Based on GuruFocus' analysis, Techno Horizon Co (TSE:6629) is currently considered Significantly Overvalued. The stock's GF Value™ is 円532.17, compared to a current price of 円977.00 — trading 83.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 16.78%, which is 182% above median its 10-year median of 5.96 and 542.9% above the Hardware industry median of 2.61. Techno Horizon Co's overall GF Score™ is 62/100 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 Techno Horizon Co (TSE:6629), the current Earnings Yield (Joel Greenblatt) % is 16.78% 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 Techno Horizon Co (TSE:6629) Overvalued in 2026?
Based on GuruFocus' analysis, Techno Horizon Co stock appears to be overvalued.
The current stock price of 円977.00 is trading 83.6% above its estimated GF Value™ of 円532.17.
GuruFocus considers Techno Horizon Co to be Significantly Overvalued.
Key valuation signals for TSE:6629:
Earnings Yield (Joel Greenblatt) %: 16.78% (182% above median its 10-year median of 5.96)
GF Value™: 円532.17 vs. price of 円977.00 (83.6% above fair value)
Industry Position: 542.9% above the Hardware median (#275 of 2497)
No single metric tells the full story. See the TSE:6629 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techno Horizon Co Ltd is a Japan-based company engaged in optical business and electronic business. The company manufactures and sells optical, electrical, medical, and precision equipment; develops, manufactures, and sells information and communication equipment, FA related equipment, and other electronic devices; and produces and sells various optical lenses and plastic moulded products, as well as provides system integration services.
62GF 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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