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Hokkaido Gas CoTSE:9534 +0.43%75 Earnings Yield (Joel Greenblatt) % is 13.00% as of Jun. 2026, which is 90% above its 10-year median of 6.84. GuruFocus rates TSE:9534 with a GF Score™ of 75/100 and a GF Value™ of 円613.22 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 511 Utilities - Regulated companies, Hokkaido Gas Co ranks better than 77.69% on this metric.
Hokkaido Gas Co's Enterprise Value for the quarter that ended in Jun. 2026 was 円107,940 Mil.
Hokkaido Gas Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was 円14,041 Mil. Hokkaido Gas Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 13.00%.
The historical rank and industry rank for Hokkaido Gas Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:9534'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.4 Med: 6.84 Max: 17.63
Current: 11.37
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Hokkaido Gas Co was 17.63%. The lowest was 2.40%. And the median was 6.84%.
TSE:9534's Earnings Yield (Joel Greenblatt) % is ranked better than 77.69% of 511
companies
in the Utilities - Regulated industry
Industry Median: 6.76
vs TSE:9534: 11.37
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) %. Hokkaido Gas Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 19.72%. 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.
Hokkaido Gas Co (TSE:9534) 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.
Hokkaido Gas Co Earnings Yield (Joel Greenblatt) % Related Terms
Hokkaido Gas Co Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Hokkaido Gas 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.
Hokkaido Gas Co Earnings Yield (Joel Greenblatt) % Chart
TSE:9534 vs ATO, NI: Earnings Yield (Joel Greenblatt) % Comparison
For the Utilities - Regulated Gas subindustry, Hokkaido Gas 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.
Hokkaido Gas Co Earnings Yield (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hokkaido Gas Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hokkaido Gas Co's Earnings Yield (Joel Greenblatt) % falls into.
Hokkaido Gas 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.
Hokkaido Gas Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Hokkaido Gas Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円14,041 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 13.00% mean?
Hokkaido Gas Co (TSE:9534) has a Earnings Yield (Joel Greenblatt) % of 13.00% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Hokkaido Gas Co and its competitors. This is 90% above median its historical median of 6.84. Over the past decade, Hokkaido Gas Co's Earnings Yield (Joel Greenblatt) % has ranged from 2.40 to 17.63. According to the industry distribution chart, Hokkaido Gas Co ranks #114 out of 511 companies in the Utilities - Regulated industry, placing it in the top 22.3%.
Is Hokkaido Gas Co's Earnings Yield (Joel Greenblatt) % too high?
Hokkaido Gas Co's current Earnings Yield (Joel Greenblatt) % of 13.00% is 90% above median its 10-year median of 6.84. Over the past 10 years, this metric has ranged from a low of 2.40 to a high of 17.63. The Utilities - Regulated industry median Earnings Yield (Joel Greenblatt) % is 6.76. Hokkaido Gas Co's value of 13.00% is 92.3% above this industry median. Based on the distribution chart, Hokkaido Gas Co ranks #114 out of 511 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Hokkaido Gas Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokkaido Gas Co's Earnings Yield (Joel Greenblatt) % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hokkaido Gas Co ranks #114 out of 511 companies for Earnings Yield (Joel Greenblatt) %. This places Hokkaido Gas Co in the top 22% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 6.76. Hokkaido Gas Co's value of 13.00% is 92.3% above this benchmark. Historically, Hokkaido Gas Co's own Earnings Yield (Joel Greenblatt) % has ranged from 2.40 to 17.63 over the past decade. While the company's 10-year median is 6.84 vs. the industry median of 6.76, Hokkaido Gas 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 an Utilities - Regulated company?
The median Earnings Yield (Joel Greenblatt) % among Utilities - Regulated companies is 6.76, based on 511 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. Hokkaido Gas Co's current Earnings Yield (Joel Greenblatt) % of 13.00% is 92.3% 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 Hokkaido Gas Co and its competitors. For the Utilities - Regulated industry, the median Earnings Yield (Joel Greenblatt) % is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokkaido Gas Co's current Earnings Yield (Joel Greenblatt) % is 13.00%, which is 90% above median its own 10-year median of 6.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokkaido Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hokkaido Gas Co (TSE:9534) is currently considered Significantly Overvalued. The stock's GF Value™ is 円613.22, compared to a current price of 円929.00 — trading 51.5% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 13.00%, which is 90% above median its 10-year median of 6.84 and 92.3% above the Utilities - Regulated industry median of 6.76. Hokkaido Gas Co's overall GF Score™ is 75/100 with 6 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 Hokkaido Gas Co (TSE:9534), the current Earnings Yield (Joel Greenblatt) % is 13.00% as of Jun. 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 Hokkaido Gas Co (TSE:9534) Overvalued in 2026?
Based on GuruFocus' analysis, Hokkaido Gas Co stock appears to be overvalued.
The current stock price of 円929.00 is trading 51.5% above its estimated GF Value™ of 円613.22.
GuruFocus considers Hokkaido Gas Co to be Significantly Overvalued.
Key valuation signals for TSE:9534:
Earnings Yield (Joel Greenblatt) %: 13.00% (90% above median its 10-year median of 6.84)
GF Value™: 円613.22 vs. price of 円929.00 (51.5% above fair value)
Industry Position: 92.3% above the Utilities - Regulated median (#114 of 511)
No single metric tells the full story. See the TSE:9534 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hokkaido Gas Co Ltd is a Japan-based company operating in the utility sector. Its business activities included gas, heat supply, power supply, and sale of gas by-products. The company is also engaged in the production and sale of gas appliances and related construction work. Hokkaido serves to individual and corporate customers in areas throughout Japan including Sapporo, Otaru, Hakodate, Chitose, Ishikari, Kitahiroshima, Eniwa, Hokuto, and Kitami.
75GF Score
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