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NVIDIANVDA +2.65%90 Earnings Yield (Joel Greenblatt) % is 3.98% as of Apr. 2026, which is 81% above its 10-year median of 2.20. GuruFocus rates NVDA with a GF Score™ of 90/100 and a GF Value™ of $371.51 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,022 Semiconductors companies, NVIDIA ranks better than 70.06% on this metric.
NVIDIA's Enterprise Value for the quarter that ended in Apr. 2026 was $4,765,561 Mil.
NVIDIA's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 was $189,741 Mil. NVIDIA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2026 was 3.98%.
The historical rank and industry rank for NVIDIA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NVDA'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.42 Med: 2.2 Max: 6.25
Current: 4.07
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of NVIDIA was 6.25%. The lowest was 0.42%. And the median was 2.20%.
NVDA's Earnings Yield (Joel Greenblatt) % is ranked better than 70.06% of 1022
companies
in the Semiconductors industry
Industry Median: 1.515
vs NVDA: 4.07
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) %. NVIDIA's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2026 was 20.95%. 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.
NVIDIA Earnings Yield (Joel Greenblatt) % Related Terms
NVIDIA Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for NVIDIA'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 Semiconductors subindustry, NVIDIA'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.
NVIDIA Earnings Yield (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, NVIDIA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NVIDIA'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.
NVIDIAs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2026 is calculated as
NVIDIA's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $189,741 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 3.98% mean?
NVIDIA (NVDA) has a Earnings Yield (Joel Greenblatt) % of 3.98% as of Apr. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on NVIDIA and its competitors. This is 81% above median its historical median of 2.20. Over the past decade, NVIDIA's Earnings Yield (Joel Greenblatt) % has ranged from 0.42 to 6.25. According to the industry distribution chart, NVIDIA ranks #306 out of 1022 companies in the Semiconductors industry, placing it in the top 29.9%.
Is NVIDIA's Earnings Yield (Joel Greenblatt) % too high?
NVIDIA's current Earnings Yield (Joel Greenblatt) % of 3.98% is 81% above median its 10-year median of 2.20. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 6.25. The Semiconductors industry median Earnings Yield (Joel Greenblatt) % is 1.52. NVIDIA's value of 3.98% is 162.7% above this industry median. Based on the distribution chart, NVIDIA ranks #306 out of 1022 companies in the Semiconductors industry, which is above the industry midpoint. Overall, NVIDIA has a GF Score™ of 90/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NVIDIA's Earnings Yield (Joel Greenblatt) % compare to AVGO and MU?
According to the Semiconductors industry distribution chart, NVIDIA ranks #306 out of 1022 companies for Earnings Yield (Joel Greenblatt) %. This puts NVIDIA in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 1.52. NVIDIA's value of 3.98% is 162.7% above this benchmark. Historically, NVIDIA's own Earnings Yield (Joel Greenblatt) % has ranged from 0.42 to 6.25 over the past decade. While the company's 10-year median is 2.20 vs. the industry median of 1.52, NVIDIA 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 Semiconductors company?
The median Earnings Yield (Joel Greenblatt) % among Semiconductors companies is 1.52, based on 1,022 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. NVIDIA's current Earnings Yield (Joel Greenblatt) % of 3.98% is 162.7% 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 NVIDIA and its competitors. For the Semiconductors industry, the median Earnings Yield (Joel Greenblatt) % is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NVIDIA's current Earnings Yield (Joel Greenblatt) % is 3.98%, which is 81% above median its own 10-year median of 2.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NVIDIA stock overvalued right now?
Based on GuruFocus' analysis, NVIDIA (NVDA) is currently considered Possible Value Trap. The stock's GF Value™ is $371.51, compared to a current price of $195.04 — trading 47.5% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 3.98%, which is 81% above median its 10-year median of 2.20 and 162.7% above the Semiconductors industry median of 1.52. NVIDIA's overall GF Score™ is 90/100 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 NVIDIA (NVDA), the current Earnings Yield (Joel Greenblatt) % is 3.98% as of Apr. 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 NVIDIA (NVDA) Overvalued in 2026?
Based on GuruFocus' analysis, NVIDIA stock appears to be undervalued.
The current stock price of $195.04 is trading 47.5% below its estimated GF Value™ of $371.51.
GuruFocus considers NVIDIA to be Possible Value Trap.
Key valuation signals for NVDA:
Earnings Yield (Joel Greenblatt) %: 3.98% (81% above median its 10-year median of 2.20)
GF Value™: $371.51 vs. price of $195.04 (47.5% below fair value)
Industry Position: 162.7% above the Semiconductors median (#306 of 1022)
No single metric tells the full story. See the NVDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence to run large language models. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.
90GF Score
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