Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Analog DevicesADI +3.34%95 Earnings Yield (Joel Greenblatt) % is 2.12% as of Apr. 2026, which is 31% below its 10-year median of 3.07. GuruFocus rates ADI with a GF Score™ of 95/100 and a GF Value™ of $313.96 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,024 Semiconductors companies, Analog Devices ranks better than 60.06% on this metric.
Analog Devices's Enterprise Value for the quarter that ended in Apr. 2026 was $201,181 Mil.
Analog Devices's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 was $4,263 Mil. Analog Devices's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2026 was 2.12%.
The historical rank and industry rank for Analog Devices's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ADI'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.53 Med: 3.07 Max: 5.99
Current: 2.18
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Analog Devices was 5.99%. The lowest was 1.53%. And the median was 3.07%.
ADI's Earnings Yield (Joel Greenblatt) % is ranked better than 60.06% of 1024
companies
in the Semiconductors industry
Industry Median: 1.34
vs ADI: 2.18
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) %. Analog Devices's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2026 was 8.59%. 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.
Analog Devices (NAS:ADI) 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.
Analog Devices Earnings Yield (Joel Greenblatt) % Related Terms
Analog Devices Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Analog Devices'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.
Analog Devices Earnings Yield (Joel Greenblatt) % Chart
ADI vs QCOM, MRVL, TXN: Earnings Yield (Joel Greenblatt) % Comparison
For the Semiconductors subindustry, Analog Devices'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.
Analog Devices Earnings Yield (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Analog Devices's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Analog Devices's Earnings Yield (Joel Greenblatt) % falls into.
Analog Devices 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.
Analog Devicess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Oct. 2025 is calculated as
Analog Devices'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 $4,263 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 2.12% mean?
Analog Devices (ADI) has a Earnings Yield (Joel Greenblatt) % of 2.12% 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 Analog Devices and its competitors. This is 31% below median its historical median of 3.07. Over the past decade, Analog Devices' Earnings Yield (Joel Greenblatt) % has ranged from 1.53 to 5.99. According to the industry distribution chart, Analog Devices ranks #409 out of 1024 companies in the Semiconductors industry, placing it in the top 39.9%.
Is Analog Devices' Earnings Yield (Joel Greenblatt) % too high?
Analog Devices' current Earnings Yield (Joel Greenblatt) % of 2.12% is 31% below median its 10-year median of 3.07. Over the past 10 years, this metric has ranged from a low of 1.53 to a high of 5.99. The Semiconductors industry median Earnings Yield (Joel Greenblatt) % is 1.34. Analog Devices' value of 2.12% is 58.2% above this industry median. Based on the distribution chart, Analog Devices ranks #409 out of 1024 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Analog Devices has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Analog Devices' Earnings Yield (Joel Greenblatt) % compare to QCOM and MRVL?
According to the Semiconductors industry distribution chart, Analog Devices ranks #409 out of 1024 companies for Earnings Yield (Joel Greenblatt) %. This puts Analog Devices in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 1.34. Analog Devices' value of 2.12% is 58.2% above this benchmark. Historically, Analog Devices' own Earnings Yield (Joel Greenblatt) % has ranged from 1.53 to 5.99 over the past decade. While the company's 10-year median is 3.07 vs. the industry median of 1.34, Analog Devices 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 1.34, based on 1,024 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. Analog Devices's current Earnings Yield (Joel Greenblatt) % of 2.12% is 58.2% 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 Analog Devices and its competitors. For the Semiconductors industry, the median Earnings Yield (Joel Greenblatt) % is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Analog Devices's current Earnings Yield (Joel Greenblatt) % is 2.12%, which is 31% below median its own 10-year median of 3.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Analog Devices stock overvalued right now?
Based on GuruFocus' analysis, Analog Devices (ADI) is currently considered Modestly Overvalued. The stock's GF Value™ is $313.96, compared to a current price of $389.93 — trading 24.2% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 2.12%, which is 31% below median its 10-year median of 3.07 and 58.2% above the Semiconductors industry median of 1.34. Analog Devices' overall GF Score™ is 95/100 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 Analog Devices (ADI), the current Earnings Yield (Joel Greenblatt) % is 2.12% 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 Analog Devices (ADI) Overvalued in 2026?
Based on GuruFocus' analysis, Analog Devices stock appears to be overvalued.
The current stock price of $389.93 is trading 24.2% above its estimated GF Value™ of $313.96.
GuruFocus considers Analog Devices to be Modestly Overvalued.
Key valuation signals for ADI:
Earnings Yield (Joel Greenblatt) %: 2.12% (31% below median its 10-year median of 3.07)
GF Value™: $313.96 vs. price of $389.93 (24.2% above fair value)
Industry Position: 58.2% above the Semiconductors median (#409 of 1024)
No single metric tells the full story. See the ADI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Analog Devices is a leading analog, mixed-signal, and digital-signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers; more than half of its chip sales are to industrial and automotive end markets. ADI's chips are also incorporated into wireless infrastructure equipment.
95GF Score
Get the complete analysis for ADI
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ADI has been successfully added to your 
