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Bulgarian Real Estate Fund REITXBUL:BREF 75 Earnings Yield (Joel Greenblatt) % is 21.79% as of Jun. 2026, which is 266% above its 10-year median of 5.95. GuruFocus rates XBUL:BREF with a GF Score™ of 75/100 and a GF Value™ of €27.51 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 956 REITs companies, Bulgarian Real Estate Fund REIT ranks better than 96.34% on this metric.
Bulgarian Real Estate Fund REIT's Enterprise Value for the quarter that ended in Jun. 2026 was €67.37 Mil.
Bulgarian Real Estate Fund REIT's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €14.69 Mil. Bulgarian Real Estate Fund REIT's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 21.79%.
The historical rank and industry rank for Bulgarian Real Estate Fund REIT's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XBUL:BREF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.59 Med: 5.95 Max: 22.64
Current: 21.23
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Bulgarian Real Estate Fund REIT was 22.64%. The lowest was 1.59%. And the median was 5.95%.
XBUL:BREF's Earnings Yield (Joel Greenblatt) % is ranked better than 96.34% of 956
companies
in the REITs industry
Industry Median: 3.46
vs XBUL:BREF: 21.23
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) %. Bulgarian Real Estate Fund REIT's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 22.07%. 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.
Bulgarian Real Estate Fund REIT (XBUL:BREF) 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.
* 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.
Bulgarian Real Estate Fund REIT Earnings Yield (Joel Greenblatt) % Chart
XBUL:BREF vs VICI, WPC: Earnings Yield (Joel Greenblatt) % Comparison
For the REIT - Diversified subindustry, Bulgarian Real Estate Fund REIT'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.
Bulgarian Real Estate Fund REIT Earnings Yield (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Bulgarian Real Estate Fund REIT's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bulgarian Real Estate Fund REIT's Earnings Yield (Joel Greenblatt) % falls into.
Bulgarian Real Estate Fund REIT 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.
Bulgarian Real Estate Fund REITs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Bulgarian Real Estate Fund REIT'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 €14.69 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 21.79% mean?
Bulgarian Real Estate Fund REIT (XBUL:BREF) has a Earnings Yield (Joel Greenblatt) % of 21.79% 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 Bulgarian Real Estate Fund REIT and its competitors. This is 266% above median its historical median of 5.95. Over the past decade, Bulgarian Real Estate Fund REIT's Earnings Yield (Joel Greenblatt) % has ranged from 1.59 to 22.64. According to the industry distribution chart, Bulgarian Real Estate Fund REIT ranks #35 out of 956 companies in the REITs industry, placing it in the top 3.7%.
Is Bulgarian Real Estate Fund REIT's Earnings Yield (Joel Greenblatt) % too high?
Bulgarian Real Estate Fund REIT's current Earnings Yield (Joel Greenblatt) % of 21.79% is 266% above median its 10-year median of 5.95. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 22.64. The REITs industry median Earnings Yield (Joel Greenblatt) % is 3.46. Bulgarian Real Estate Fund REIT's value of 21.79% is 529.8% above this industry median. Based on the distribution chart, Bulgarian Real Estate Fund REIT ranks #35 out of 956 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Bulgarian Real Estate Fund REIT has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Real Estate Fund REIT's Earnings Yield (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, Bulgarian Real Estate Fund REIT ranks #35 out of 956 companies for Earnings Yield (Joel Greenblatt) %. This places Bulgarian Real Estate Fund REIT in the top 4% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 3.46. Bulgarian Real Estate Fund REIT's value of 21.79% is 529.8% above this benchmark. Historically, Bulgarian Real Estate Fund REIT's own Earnings Yield (Joel Greenblatt) % has ranged from 1.59 to 22.64 over the past decade. While the company's 10-year median is 5.95 vs. the industry median of 3.46, Bulgarian Real Estate Fund REIT 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 REITs company?
The median Earnings Yield (Joel Greenblatt) % among REITs companies is 3.46, based on 956 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. Bulgarian Real Estate Fund REIT's current Earnings Yield (Joel Greenblatt) % of 21.79% is 529.8% 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 Bulgarian Real Estate Fund REIT and its competitors. For the REITs industry, the median Earnings Yield (Joel Greenblatt) % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Real Estate Fund REIT's current Earnings Yield (Joel Greenblatt) % is 21.79%, which is 266% above median its own 10-year median of 5.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian Real Estate Fund REIT stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT (XBUL:BREF) is currently considered Possible Value Trap. The stock's GF Value™ is €27.51, compared to a current price of €2.69 — trading 90.2% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 21.79%, which is 266% above median its 10-year median of 5.95 and 529.8% above the REITs industry median of 3.46. Bulgarian Real Estate Fund REIT'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 Bulgarian Real Estate Fund REIT (XBUL:BREF), the current Earnings Yield (Joel Greenblatt) % is 21.79% 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 Bulgarian Real Estate Fund REIT (XBUL:BREF) Overvalued in 2026?
Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT stock appears to be undervalued.
The current stock price of €2.69 is trading 90.2% below its estimated GF Value™ of €27.51.
GuruFocus considers Bulgarian Real Estate Fund REIT to be Possible Value Trap.
Key valuation signals for XBUL:BREF:
Earnings Yield (Joel Greenblatt) %: 21.79% (266% above median its 10-year median of 5.95)
GF Value™: €27.51 vs. price of €2.69 (90.2% below fair value)
Industry Position: 529.8% above the REITs median (#35 of 956)
No single metric tells the full story. See the XBUL:BREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bulgarian Real Estate Fund REIT is a special investment purpose joint-stock entity seated in the Republic of Bulgaria. The main activity of the fund is investing the cash funds raised through securities issuance in real property /securitization of real property/ through the purchase of ownership rights and other real rights over real property, carrying out construction and improvements therein for the purpose of making it available for management, renting, leasing and/or sale. Its investment objective is to achieve capital appreciation by means of diversified investments in business buildings, residential and other high-class properties, retail premises and agricultural land on the territory of Bulgaria.
75GF Score
Get the complete analysis for XBUL:BREF
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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