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NirecoTSE:6863 84 Earnings Yield (Joel Greenblatt) % is 20.49% as of Mar. 2026, which is 24% below its 10-year median of 27.08. GuruFocus rates TSE:6863 with a GF Score™ of 84/100 and a GF Value™ of 円669.96 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,494 Hardware companies, Nireco ranks better than 85.81% on this metric.
Nireco's Enterprise Value for the quarter that ended in Mar. 2026 was 円9,599 Mil.
Nireco's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円2,067 Mil. Nireco's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 20.49%.
The historical rank and industry rank for Nireco's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:6863'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -31217.74 Med: 27.08 Max: 4080.2
Current: 12.74
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Nireco was 4080.20%. The lowest was -31217.74%. And the median was 27.08%.
TSE:6863's Earnings Yield (Joel Greenblatt) % is ranked better than 85.81% of 2494
companies
in the Hardware industry
Industry Median: 2.615
vs TSE:6863: 12.74
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) %. Nireco's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 26.99%. 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.
Nireco Earnings Yield (Joel Greenblatt) % Related Terms
Nireco Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Nireco'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 Scientific & Technical Instruments subindustry, Nireco'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.
Nireco Earnings Yield (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Nireco's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nireco'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.
Nirecos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Nireco'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2,067 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 20.49% mean?
Nireco (TSE:6863) has a Earnings Yield (Joel Greenblatt) % of 20.49% 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 Nireco and its competitors. This is 24% below median its historical median of 27.08. According to the industry distribution chart, Nireco ranks #354 out of 2494 companies in the Hardware industry, placing it in the top 14.2%.
Is Nireco's Earnings Yield (Joel Greenblatt) % too high?
Nireco's current Earnings Yield (Joel Greenblatt) % of 20.49% is 24% below median its 10-year median of 27.08. The Hardware industry median Earnings Yield (Joel Greenblatt) % is 2.62. Nireco's value of 20.49% is 683.6% above this industry median. Based on the distribution chart, Nireco ranks #354 out of 2494 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Nireco has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nireco's Earnings Yield (Joel Greenblatt) % compare to GRMN and COHR?
According to the Hardware industry distribution chart, Nireco ranks #354 out of 2494 companies for Earnings Yield (Joel Greenblatt) %. This places Nireco in the top 14% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 2.62. Nireco's value of 20.49% is 683.6% above this benchmark. While the company's 10-year median is 27.08 vs. the industry median of 2.62, Nireco 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 2.62, based on 2,494 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. Nireco's current Earnings Yield (Joel Greenblatt) % of 20.49% is 683.6% 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 Nireco and its competitors. For the Hardware industry, the median Earnings Yield (Joel Greenblatt) % is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nireco's current Earnings Yield (Joel Greenblatt) % is 20.49%, which is 24% below median its own 10-year median of 27.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nireco stock overvalued right now?
Based on GuruFocus' analysis, Nireco (TSE:6863) is currently considered Significantly Overvalued. The stock's GF Value™ is 円669.96, compared to a current price of 円985.00 — trading 47% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 20.49%, which is 24% below median its 10-year median of 27.08 and 683.6% above the Hardware industry median of 2.62. Nireco's overall GF Score™ is 84/100 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 Nireco (TSE:6863), the current Earnings Yield (Joel Greenblatt) % is 20.49% 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 Nireco (TSE:6863) Overvalued in 2026?
Based on GuruFocus' analysis, Nireco stock appears to be overvalued.
The current stock price of 円985.00 is trading 47% above its estimated GF Value™ of 円669.96.
GuruFocus considers Nireco to be Significantly Overvalued.
Key valuation signals for TSE:6863:
Earnings Yield (Joel Greenblatt) %: 20.49% (24% below median its 10-year median of 27.08)
GF Value™: 円669.96 vs. price of 円985.00 (47% above fair value)
Industry Position: 683.6% above the Hardware median (#354 of 2494)
No single metric tells the full story. See the TSE:6863 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nireco Corp is engaged in the development, manufacture and sale of control, measurement and inspection equipment for a wide range of industries, from steel and chemicals to food and printing. Its reportable segments include: Process business; Web business; Inspection machine business; and Optics business.
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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