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Boyd GamingBYD -0.27%87 Earnings Yield (Joel Greenblatt) % is 25.38% as of Jun. 2026, which is 294% above its 10-year median of 6.44. GuruFocus rates BYD with a GF Score™ of 87/100 and a GF Value™ of $90.86 (Fairly Valued). The stock has 5 warning signs investors should review. Among 859 Travel & Leisure companies, Boyd Gaming ranks better than 94.76% on this metric.
Boyd Gaming's Enterprise Value for the quarter that ended in Jun. 2026 was $9,498 Mil.
Boyd Gaming's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $2,410 Mil. Boyd Gaming's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 25.38%.
The historical rank and industry rank for Boyd Gaming's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BYD'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.44 Med: 6.44 Max: 30.2
Current: 26.53
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Boyd Gaming was 30.20%. The lowest was -0.44%. And the median was 6.44%.
BYD's Earnings Yield (Joel Greenblatt) % is ranked better than 94.76% of 859
companies
in the Travel & Leisure industry
Industry Median: 4.66
vs BYD: 26.53
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) %. Boyd Gaming's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 25.28%. 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.
Boyd Gaming Earnings Yield (Joel Greenblatt) % Related Terms
Boyd Gaming Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Boyd Gaming'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.
BYD vs CZR, MTN, HGV: Earnings Yield (Joel Greenblatt) % Comparison
For the Resorts & Casinos subindustry, Boyd Gaming'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.
Boyd Gaming Earnings Yield (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Boyd Gaming'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.
Boyd Gamings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Boyd Gaming'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 $2,410 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 25.38% mean?
Boyd Gaming (BYD) has a Earnings Yield (Joel Greenblatt) % of 25.38% 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 Boyd Gaming and its competitors. This is 294% above median its historical median of 6.44. According to the industry distribution chart, Boyd Gaming ranks #45 out of 859 companies in the Travel & Leisure industry, placing it in the top 5.2%.
Is Boyd Gaming's Earnings Yield (Joel Greenblatt) % too high?
Boyd Gaming's current Earnings Yield (Joel Greenblatt) % of 25.38% is 294% above median its 10-year median of 6.44. The Travel & Leisure industry median Earnings Yield (Joel Greenblatt) % is 4.66. Boyd Gaming's value of 25.38% is 444.6% above this industry median. Based on the distribution chart, Boyd Gaming ranks #45 out of 859 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Boyd Gaming has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Boyd Gaming's Earnings Yield (Joel Greenblatt) % compare to CZR and MTN?
According to the Travel & Leisure industry distribution chart, Boyd Gaming ranks #45 out of 859 companies for Earnings Yield (Joel Greenblatt) %. This places Boyd Gaming in the top 5% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 4.66. Boyd Gaming's value of 25.38% is 444.6% above this benchmark. While the company's 10-year median is 6.44 vs. the industry median of 4.66, Boyd Gaming 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 Travel & Leisure company?
The median Earnings Yield (Joel Greenblatt) % among Travel & Leisure companies is 4.66, based on 859 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. Boyd Gaming's current Earnings Yield (Joel Greenblatt) % of 25.38% is 444.6% 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 Boyd Gaming and its competitors. For the Travel & Leisure industry, the median Earnings Yield (Joel Greenblatt) % is 4.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boyd Gaming's current Earnings Yield (Joel Greenblatt) % is 25.38%, which is 294% above median its own 10-year median of 6.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boyd Gaming stock overvalued right now?
Based on GuruFocus' analysis, Boyd Gaming (BYD) is currently considered Fairly Valued. The stock's GF Value™ is $90.86, compared to a current price of $84.83 — trading 6.6% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 25.38%, which is 294% above median its 10-year median of 6.44 and 444.6% above the Travel & Leisure industry median of 4.66. Boyd Gaming's overall GF Score™ is 87/100 with 5 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 Boyd Gaming (BYD), the current Earnings Yield (Joel Greenblatt) % is 25.38% 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 Boyd Gaming (BYD) Overvalued in 2026?
Based on GuruFocus' analysis, Boyd Gaming stock appears to be undervalued.
The current stock price of $84.83 is trading 6.6% below its estimated GF Value™ of $90.86.
GuruFocus considers Boyd Gaming to be Fairly Valued.
Key valuation signals for BYD:
Earnings Yield (Joel Greenblatt) %: 25.38% (294% above median its 10-year median of 6.44)
GF Value™: $90.86 vs. price of $84.83 (6.6% below fair value)
Industry Position: 444.6% above the Travel & Leisure median (#45 of 859)
No single metric tells the full story. See the BYD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly-owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Geographical regions separate its business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. The Midwest and South hold the key number of entertainment properties and generate the majority of the company's revenue.
87GF Score
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