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Franklin ResourcesBEN -0.68%78 Earnings Yield (Joel Greenblatt) % is 5.34% as of Mar. 2026, which is 53% below its 10-year median of 11.48. GuruFocus rates BEN with a GF Score™ of 78/100 and a GF Value™ of $23.57 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,630 Asset Management companies, Franklin Resources ranks better than 78.77% on this metric.
Franklin Resources's Enterprise Value for the quarter that ended in Mar. 2026 was $26,590 Mil.
Franklin Resources's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $1,612 Mil. Franklin Resources's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 5.34%.
The historical rank and industry rank for Franklin Resources's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BEN'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.35 Med: 11.48 Max: 35.03
Current: 4.92
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Franklin Resources was 35.03%. The lowest was 2.35%. And the median was 11.48%.
BEN's Earnings Yield (Joel Greenblatt) % is ranked better than 78.77% of 1630
companies
in the Asset Management industry
Industry Median: 0
vs BEN: 4.92
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) %. Franklin Resources's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was -5.82%. 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.
Franklin Resources (NYSE:BEN) 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.
Franklin Resources Earnings Yield (Joel Greenblatt) % Related Terms
Franklin Resources Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Franklin Resources'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.
Franklin Resources Earnings Yield (Joel Greenblatt) % Chart
BEN vs CG, CRBG, PS: Earnings Yield (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Franklin Resources'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.
Franklin Resources Earnings Yield (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Franklin Resources's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Franklin Resources's Earnings Yield (Joel Greenblatt) % falls into.
Franklin Resources 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.
Franklin Resourcess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2025 is calculated as
Franklin Resources'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 $1,612 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 5.34% mean?
Franklin Resources (BEN) has a Earnings Yield (Joel Greenblatt) % of 5.34% 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 Franklin Resources and its competitors. This is 53% below median its historical median of 11.48. Over the past decade, Franklin Resources' Earnings Yield (Joel Greenblatt) % has ranged from 2.35 to 35.03. According to the industry distribution chart, Franklin Resources ranks #346 out of 1630 companies in the Asset Management industry, placing it in the top 21.2%.
Is Franklin Resources' Earnings Yield (Joel Greenblatt) % too high?
Franklin Resources' current Earnings Yield (Joel Greenblatt) % of 5.34% is 53% below median its 10-year median of 11.48. Over the past 10 years, this metric has ranged from a low of 2.35 to a high of 35.03. Based on the distribution chart, Franklin Resources ranks #346 out of 1630 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Franklin Resources has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Franklin Resources' Earnings Yield (Joel Greenblatt) % compare to CG and CRBG?
According to the Asset Management industry distribution chart, Franklin Resources ranks #346 out of 1630 companies for Earnings Yield (Joel Greenblatt) %. This places Franklin Resources in the top 21% of its industry — outperforming the majority of peers. Historically, Franklin Resources' own Earnings Yield (Joel Greenblatt) % has ranged from 2.35 to 35.03 over the past decade. 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 an Asset Management company?
A good Earnings Yield (Joel Greenblatt) % depends on the Asset Management industry context. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Franklin Resources and its competitors. Franklin Resources's current Earnings Yield (Joel Greenblatt) % is 5.34%, which is 53% below median its own 10-year median of 11.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Franklin Resources stock overvalued right now?
Based on GuruFocus' analysis, Franklin Resources (BEN) is currently considered Significantly Overvalued. The stock's GF Value™ is $23.57, compared to a current price of $33.77 — trading 43.3% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.34%, which is 53% below median its 10-year median of 11.48. Franklin Resources' overall GF Score™ is 78/100 with 9 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 Franklin Resources (BEN), the current Earnings Yield (Joel Greenblatt) % is 5.34% 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 Franklin Resources (BEN) Overvalued in 2026?
Based on GuruFocus' analysis, Franklin Resources stock appears to be overvalued.
The current stock price of $33.77 is trading 43.3% above its estimated GF Value™ of $23.57.
GuruFocus considers Franklin Resources to be Significantly Overvalued.
Key valuation signals for BEN:
Earnings Yield (Joel Greenblatt) %: 5.34% (53% below median its 10-year median of 11.48)
GF Value™: $23.57 vs. price of $33.77 (43.3% above fair value)
No single metric tells the full story. See the BEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Franklin Resources provides investment services for individual and institutional investors. At the end of May 2026, Franklin had $1.780 trillion in managed assets, composed primarily of equity (40%), fixed-income (26%), multi-asset/balanced (12%) funds, alternatives (17%), and money market funds (5%). Distribution tends to be weighted between retail investors (57% of assets under management) and institutional accounts (40%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the US-based asset managers we cover, with 30% of its AUM invested in global/international strategies and 29% sourced from clients domiciled outside the United States.
78GF 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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