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NanosonicsASX:NAN +2.25%86 Earnings Yield (Joel Greenblatt) % is 2.52% as of Jun. 2026, which is 180% above its 10-year median of 0.90. GuruFocus rates ASX:NAN with a GF Score™ of 86/100 and a GF Value™ of A$4.13 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 847 Medical Devices & Instruments companies, Nanosonics ranks better than 61.28% on this metric.
Nanosonics's Enterprise Value for the quarter that ended in Jun. 2026 was A$863.3 Mil.
Nanosonics's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was A$21.8 Mil. Nanosonics's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 2.52%.
The historical rank and industry rank for Nanosonics's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ASX:NAN'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.08 Med: 0.9 Max: 3.19
Current: 3.19
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Nanosonics was 3.19%. The lowest was 0.08%. And the median was 0.90%.
ASX:NAN's Earnings Yield (Joel Greenblatt) % is ranked better than 61.28% of 847
companies
in the Medical Devices & Instruments industry
Industry Median: 1.13
vs ASX:NAN: 3.19
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) %. Nanosonics's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 21.59%. 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.
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.
Nanosonics Earnings Yield (Joel Greenblatt) % Related Terms
Nanosonics Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Nanosonics'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 Medical Instruments & Supplies subindustry, Nanosonics'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.
Nanosonics Earnings Yield (Joel Greenblatt) % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Nanosonics's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Nanosonics'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.
Nanosonicss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2026 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
What does a Earnings Yield (Joel Greenblatt) % of 2.52% mean?
Nanosonics (ASX:NAN) has a Earnings Yield (Joel Greenblatt) % of 2.52% 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 Nanosonics and its competitors. This is 180% above median its historical median of 0.90. Over the past decade, Nanosonics' Earnings Yield (Joel Greenblatt) % has ranged from 0.08 to 3.19. According to the industry distribution chart, Nanosonics ranks #328 out of 847 companies in the Medical Devices & Instruments industry, placing it in the top 38.7%.
Is Nanosonics' Earnings Yield (Joel Greenblatt) % too high?
Nanosonics' current Earnings Yield (Joel Greenblatt) % of 2.52% is 180% above median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 3.19. The Medical Devices & Instruments industry median Earnings Yield (Joel Greenblatt) % is 1.13. Nanosonics' value of 2.52% is 123% above this industry median. Based on the distribution chart, Nanosonics ranks #328 out of 847 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Nanosonics has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nanosonics' Earnings Yield (Joel Greenblatt) % compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Nanosonics ranks #328 out of 847 companies for Earnings Yield (Joel Greenblatt) %. This puts Nanosonics in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 1.13. Nanosonics' value of 2.52% is 123% above this benchmark. Historically, Nanosonics' own Earnings Yield (Joel Greenblatt) % has ranged from 0.08 to 3.19 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 1.13, Nanosonics 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 Medical Devices & Instruments company?
The median Earnings Yield (Joel Greenblatt) % among Medical Devices & Instruments companies is 1.13, based on 847 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. Nanosonics's current Earnings Yield (Joel Greenblatt) % of 2.52% is 123% 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 Nanosonics and its competitors. For the Medical Devices & Instruments industry, the median Earnings Yield (Joel Greenblatt) % is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nanosonics's current Earnings Yield (Joel Greenblatt) % is 2.52%, which is 180% above median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nanosonics stock overvalued right now?
Based on GuruFocus' analysis, Nanosonics (ASX:NAN) is currently considered Possible Value Trap. The stock's GF Value™ is A$4.13, compared to a current price of A$2.73 — trading 33.9% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 2.52%, which is 180% above median its 10-year median of 0.90 and 123% above the Medical Devices & Instruments industry median of 1.13. Nanosonics' overall GF Score™ is 86/100 with 2 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 Nanosonics (ASX:NAN), the current Earnings Yield (Joel Greenblatt) % is 2.52% 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 Nanosonics (ASX:NAN) Overvalued in 2026?
Based on GuruFocus' analysis, Nanosonics stock appears to be undervalued.
The current stock price of A$2.73 is trading 33.9% below its estimated GF Value™ of A$4.13.
GuruFocus considers Nanosonics to be Possible Value Trap.
Key valuation signals for ASX:NAN:
Earnings Yield (Joel Greenblatt) %: 2.52% (180% above median its 10-year median of 0.90)
GF Value™: A$4.13 vs. price of A$2.73 (33.9% below fair value)
Industry Position: 123% above the Medical Devices & Instruments median (#328 of 847)
No single metric tells the full story. See the ASX:NAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nanosonics is largely a single-product firm, and its Trophon device provides high-level disinfection of ultrasound probes used in semicritical procedures. The patented technology uses low-temperature sonically activated hydrogen peroxide mist suitable for probes sensitive to damage. Automated HLD is increasingly being used as the standard of care globally as it is superior in preventing cross-infection of patients. Nanosonics' revenue consists of capital sales of Trophon units, ongoing consumables sales, and service revenue. By December 2025, there were 38,000 Trophon units installed globally. Market penetration rates range from over 75% in Australia and New Zealand, over 50% in the US to single-digit penetration in Europe, Middle East, and Africa, and elsewhere in the Asia-Pacific region.
86GF Score
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