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Nac CoTSE:9788 75 Earnings Yield (Joel Greenblatt) % is 12.33% as of Mar. 2026, which is 14% above its 10-year median of 10.80. GuruFocus rates TSE:9788 with a GF Score™ of 75/100 and a GF Value™ of 円591.36 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,810 Construction companies, Nac Co ranks better than 67.79% on this metric.
Nac Co's Enterprise Value for the quarter that ended in Mar. 2026 was 円20,453 Mil.
Nac Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円2,425 Mil. Nac Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 12.33%.
The historical rank and industry rank for Nac Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:9788'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.42 Med: 10.8 Max: 18.74
Current: 10.83
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Nac Co was 18.74%. The lowest was -0.42%. And the median was 10.80%.
TSE:9788's Earnings Yield (Joel Greenblatt) % is ranked better than 67.79% of 1810
companies
in the Construction industry
Industry Median: 6.475
vs TSE:9788: 10.83
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) %. Nac Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 2.42%. 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.
Nac Co (TSE:9788) 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.
Nac Co Earnings Yield (Joel Greenblatt) % Related Terms
Nac Co Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Nac 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.
For the Engineering & Construction subindustry, Nac 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.
Nac Co Earnings Yield (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Nac Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nac Co's Earnings Yield (Joel Greenblatt) % falls into.
Nac 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.
Nac Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Nac 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2,425 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 12.33% mean?
Nac Co (TSE:9788) has a Earnings Yield (Joel Greenblatt) % of 12.33% 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 Nac Co and its competitors. This is 14% above median its historical median of 10.80. According to the industry distribution chart, Nac Co ranks #583 out of 1810 companies in the Construction industry, placing it in the top 32.2%.
Is Nac Co's Earnings Yield (Joel Greenblatt) % too high?
Nac Co's current Earnings Yield (Joel Greenblatt) % of 12.33% is 14% above median its 10-year median of 10.80. The Construction industry median Earnings Yield (Joel Greenblatt) % is 6.48. Nac Co's value of 12.33% is 90.4% above this industry median. Based on the distribution chart, Nac Co ranks #583 out of 1810 companies in the Construction industry, which is above the industry midpoint. Overall, Nac Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nac Co's Earnings Yield (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Nac Co ranks #583 out of 1810 companies for Earnings Yield (Joel Greenblatt) %. This puts Nac Co in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.48. Nac Co's value of 12.33% is 90.4% above this benchmark. While the company's 10-year median is 10.80 vs. the industry median of 6.48, Nac 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 Construction company?
The median Earnings Yield (Joel Greenblatt) % among Construction companies is 6.48, based on 1,810 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. Nac Co's current Earnings Yield (Joel Greenblatt) % of 12.33% is 90.4% 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 Nac Co and its competitors. For the Construction industry, the median Earnings Yield (Joel Greenblatt) % is 6.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nac Co's current Earnings Yield (Joel Greenblatt) % is 12.33%, which is 14% above median its own 10-year median of 10.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nac Co stock overvalued right now?
Based on GuruFocus' analysis, Nac Co (TSE:9788) is currently considered Modestly Undervalued. The stock's GF Value™ is 円591.36, compared to a current price of 円517.00 — trading 12.6% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 12.33%, which is 14% above median its 10-year median of 10.80 and 90.4% above the Construction industry median of 6.48. Nac Co's overall GF Score™ is 75/100 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 Nac Co (TSE:9788), the current Earnings Yield (Joel Greenblatt) % is 12.33% 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 Nac Co (TSE:9788) Overvalued in 2026?
Based on GuruFocus' analysis, Nac Co stock appears to be undervalued.
The current stock price of 円517.00 is trading 12.6% below its estimated GF Value™ of 円591.36.
GuruFocus considers Nac Co to be Modestly Undervalued.
Key valuation signals for TSE:9788:
Earnings Yield (Joel Greenblatt) %: 12.33% (14% above median its 10-year median of 10.80)
GF Value™: 円591.36 vs. price of 円517.00 (12.6% below fair value)
Industry Position: 90.4% above the Construction median (#583 of 1810)
No single metric tells the full story. See the TSE:9788 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nac Co Ltd engages in the operation of housing maintenance and construction business in Japan. The company's operating division include Production and sales of home delivery water, Rental business, Construction consulting business, Housing business, and Beauty and health business.
75GF 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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