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.
TSE:7952'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.39 Med: 15.28 Max: 82.09
Current: 7.06
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Kawai Musical Instruments Manufacturing Co was 82.09%. The lowest was -2.39%. And the median was 15.28%.
TSE:7952's Earnings Yield (Joel Greenblatt) % is ranked better than 63.03% of 852
companies
in the Travel & Leisure industry
Industry Median: 4.925
vs TSE:7952: 7.06
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) %. Kawai Musical Instruments Manufacturing Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was -16.03%. 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.
* 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 Leisure subindustry, Kawai Musical Instruments Manufacturing 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.
Kawai Musical Instruments Manufacturing Co Earnings Yield (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Kawai Musical Instruments Manufacturing Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kawai Musical Instruments Manufacturing Co'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.
Kawai Musical Instruments Manufacturing 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2,073 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 7.10% mean?
Kawai Musical Instruments Manufacturing Co (TSE:7952) has a Earnings Yield (Joel Greenblatt) % of 7.10% 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 Kawai Musical Instruments Manufacturing Co and its competitors. This is 54% below median its historical median of 15.28. According to the industry distribution chart, Kawai Musical Instruments Manufacturing Co ranks #315 out of 852 companies in the Travel & Leisure industry, placing it in the top 37%.
Is Kawai Musical Instruments Manufacturing Co's Earnings Yield (Joel Greenblatt) % too high?
Kawai Musical Instruments Manufacturing Co's current Earnings Yield (Joel Greenblatt) % of 7.10% is 54% below median its 10-year median of 15.28. The Travel & Leisure industry median Earnings Yield (Joel Greenblatt) % is 4.93. Kawai Musical Instruments Manufacturing Co's value of 7.10% is 44.2% above this industry median. Based on the distribution chart, Kawai Musical Instruments Manufacturing Co ranks #315 out of 852 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Kawai Musical Instruments Manufacturing Co has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kawai Musical Instruments Manufacturing Co's Earnings Yield (Joel Greenblatt) % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Kawai Musical Instruments Manufacturing Co ranks #315 out of 852 companies for Earnings Yield (Joel Greenblatt) %. This puts Kawai Musical Instruments Manufacturing Co in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 4.93. Kawai Musical Instruments Manufacturing Co's value of 7.10% is 44.2% above this benchmark. While the company's 10-year median is 15.28 vs. the industry median of 4.93, Kawai Musical Instruments Manufacturing 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 Travel & Leisure company?
The median Earnings Yield (Joel Greenblatt) % among Travel & Leisure companies is 4.93, based on 852 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. Kawai Musical Instruments Manufacturing Co's current Earnings Yield (Joel Greenblatt) % of 7.10% is 44.2% 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 Kawai Musical Instruments Manufacturing Co and its competitors. For the Travel & Leisure industry, the median Earnings Yield (Joel Greenblatt) % is 4.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kawai Musical Instruments Manufacturing Co's current Earnings Yield (Joel Greenblatt) % is 7.10%, which is 54% below median its own 10-year median of 15.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kawai Musical Instruments Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Kawai Musical Instruments Manufacturing Co (TSE:7952) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,729.28, compared to a current price of 円3,235.00 — trading 18.5% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 7.10%, which is 54% below median its 10-year median of 15.28 and 44.2% above the Travel & Leisure industry median of 4.93. Kawai Musical Instruments Manufacturing Co's overall GF Score™ is 59/100 with 10 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 Kawai Musical Instruments Manufacturing Co (TSE:7952), the current Earnings Yield (Joel Greenblatt) % is 7.10% 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 Kawai Musical Instruments Manufacturing Co (TSE:7952) Overvalued in 2026?
Based on GuruFocus' analysis, Kawai Musical Instruments Manufacturing Co stock appears to be overvalued.
The current stock price of 円3,235.00 is trading 18.5% above its estimated GF Value™ of 円2,729.28.
GuruFocus considers Kawai Musical Instruments Manufacturing Co to be Modestly Overvalued.
Key valuation signals for TSE:7952:
Earnings Yield (Joel Greenblatt) %: 7.10% (54% below median its 10-year median of 15.28)
GF Value™: 円2,729.28 vs. price of 円3,235.00 (18.5% above fair value)
Industry Position: 44.2% above the Travel & Leisure median (#315 of 852)
No single metric tells the full story. See the TSE:7952 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kawai Musical Instruments Manufacturing Co Ltd is a Japan-based musical instrument manufacturer. The company is mainly engaged in manufacturing and sales of musical instruments, precision metals, wood products, and electronic devices. Products offered by the company include grand pianos, upright pianos, digital pianos, hybrid pianos, and anytime pianos. It sells its products under the brand name Philosophy, Legacy, Artists, Competitions, and Institutions. Kawai has world-wide sales networks, it distributes its products in Europe, America, Asia and Oceania, Africa and the Middle East. The company is also engaged in the development and sales of software and operations of music schools, and gymnastics schools.
59GF Score
Get the complete analysis for TSE:7952
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:7952 has been successfully added to your 
