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Hokuriku Gas CoTSE:9537 60 Earnings Yield (Joel Greenblatt) % is 25.91% as of Mar. 2026, which is 74% above its 10-year median of 14.93. GuruFocus rates TSE:9537 with a GF Score™ of 60/100 and a GF Value™ of 円3,716.49 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 510 Utilities - Regulated companies, Hokuriku Gas Co ranks better than 93.92% on this metric.
Hokuriku Gas Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円16,011 Mil.
Hokuriku Gas Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円3,906 Mil. Hokuriku Gas Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 25.91%.
The historical rank and industry rank for Hokuriku Gas Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:9537'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.27 Med: 14.93 Max: 30.62
Current: 25.64
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Hokuriku Gas Co was 30.62%. The lowest was -6.27%. And the median was 14.93%.
TSE:9537's Earnings Yield (Joel Greenblatt) % is ranked better than 93.92% of 510
companies
in the Utilities - Regulated industry
Industry Median: 6.68
vs TSE:9537: 25.64
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) %. Hokuriku Gas Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 12.61%. 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.
Hokuriku Gas Co (TSE:9537) 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.
Hokuriku Gas Co Earnings Yield (Joel Greenblatt) % Related Terms
Hokuriku Gas Co Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Hokuriku 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.
Hokuriku Gas Co Earnings Yield (Joel Greenblatt) % Chart
TSE:9537 vs ATO, NI: Earnings Yield (Joel Greenblatt) % Comparison
For the Utilities - Regulated Gas subindustry, Hokuriku 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.
Hokuriku Gas Co Earnings Yield (Joel Greenblatt) % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hokuriku Gas Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hokuriku Gas Co's Earnings Yield (Joel Greenblatt) % falls into.
Hokuriku 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.
Hokuriku Gas Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Hokuriku Gas 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3,906 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 25.91% mean?
Hokuriku Gas Co (TSE:9537) has a Earnings Yield (Joel Greenblatt) % of 25.91% 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 Hokuriku Gas Co and its competitors. This is 74% above median its historical median of 14.93. According to the industry distribution chart, Hokuriku Gas Co ranks #31 out of 510 companies in the Utilities - Regulated industry, placing it in the top 6.1%.
Is Hokuriku Gas Co's Earnings Yield (Joel Greenblatt) % too high?
Hokuriku Gas Co's current Earnings Yield (Joel Greenblatt) % of 25.91% is 74% above median its 10-year median of 14.93. The Utilities - Regulated industry median Earnings Yield (Joel Greenblatt) % is 6.68. Hokuriku Gas Co's value of 25.91% is 287.9% above this industry median. Based on the distribution chart, Hokuriku Gas Co ranks #31 out of 510 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Hokuriku Gas Co has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokuriku Gas Co's Earnings Yield (Joel Greenblatt) % compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hokuriku Gas Co ranks #31 out of 510 companies for Earnings Yield (Joel Greenblatt) %. This places Hokuriku Gas Co in the top 6% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 6.68. Hokuriku Gas Co's value of 25.91% is 287.9% above this benchmark. While the company's 10-year median is 14.93 vs. the industry median of 6.68, Hokuriku 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 6.68, based on 510 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. Hokuriku Gas Co's current Earnings Yield (Joel Greenblatt) % of 25.91% is 287.9% 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 Hokuriku Gas Co and its competitors. For the Utilities - Regulated industry, the median Earnings Yield (Joel Greenblatt) % is 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokuriku Gas Co's current Earnings Yield (Joel Greenblatt) % is 25.91%, which is 74% above median its own 10-year median of 14.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokuriku Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hokuriku Gas Co (TSE:9537) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,716.49, compared to a current price of 円4,300.00 — trading 15.7% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 25.91%, which is 74% above median its 10-year median of 14.93 and 287.9% above the Utilities - Regulated industry median of 6.68. Hokuriku Gas Co's overall GF Score™ is 60/100 with 3 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 Hokuriku Gas Co (TSE:9537), the current Earnings Yield (Joel Greenblatt) % is 25.91% 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 Hokuriku Gas Co (TSE:9537) Overvalued in 2026?
Based on GuruFocus' analysis, Hokuriku Gas Co stock appears to be overvalued.
The current stock price of 円4,300.00 is trading 15.7% above its estimated GF Value™ of 円3,716.49.
GuruFocus considers Hokuriku Gas Co to be Modestly Overvalued.
Key valuation signals for TSE:9537:
Earnings Yield (Joel Greenblatt) %: 25.91% (74% above median its 10-year median of 14.93)
GF Value™: 円3,716.49 vs. price of 円4,300.00 (15.7% above fair value)
Industry Position: 287.9% above the Utilities - Regulated median (#31 of 510)
No single metric tells the full story. See the TSE:9537 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hokuriku Gas Co Ltd engages in the manufacture, supply, and sale of city gas and gas-related equipment. It is involved in the manufacture, supply, and sale of city gas, as well as the operation of gas works and the sale of gas equipment. The firm also engages in the sale of liquefied petroleum gas (LPG) and LPG equipment, the operation of LPG piping works, gas works and civil engineering works, the design, installation, maintenance, security and inspection of gas equipment, the sale, installation and meter reading of housing facilities and equipment, the leasing and management of buildings, the leasing of business equipment and vehicles, It also undertakes gas construction contracts; and sells gas appliances.
60GF 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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