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Bavarian Nordic ASCHIX:BAVAC 77 Earnings Yield (Joel Greenblatt) % is 12.56% as of Mar. 2026, which is 303% above its 10-year median of 3.12. GuruFocus rates CHIX:BAVAC with a GF Score™ of 77/100 and a GF Value™ of kr173.46. The stock has 2 warning signs investors should review. Among 1,319 Biotechnology companies, Bavarian Nordic AS ranks better than 96.13% on this metric.
Bavarian Nordic AS's Enterprise Value for the quarter that ended in Mar. 2026 was kr12,456 Mil.
Bavarian Nordic AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was kr1,601 Mil. Bavarian Nordic AS's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 12.56%.
The historical rank and industry rank for Bavarian Nordic AS's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CHIX:BAVAc'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -21.09 Med: 3.12 Max: 22.66
Current: 13.96
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Bavarian Nordic AS was 22.66%. The lowest was -21.09%. And the median was 3.12%.
CHIX:BAVAc's Earnings Yield (Joel Greenblatt) % is ranked better than 96.13% of 1319
companies
in the Biotechnology industry
Industry Median: -10.07
vs CHIX:BAVAc: 13.96
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) %. Bavarian Nordic AS's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 0.00%. 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.
Bavarian Nordic AS (CHIX:BAVAc) 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.
Bavarian Nordic AS Earnings Yield (Joel Greenblatt) % Related Terms
Bavarian Nordic AS Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Bavarian Nordic AS'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.
Bavarian Nordic AS Earnings Yield (Joel Greenblatt) % Chart
For the Biotechnology subindustry, Bavarian Nordic AS'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.
Bavarian Nordic AS Earnings Yield (Joel Greenblatt) % vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Bavarian Nordic AS's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bavarian Nordic AS's Earnings Yield (Joel Greenblatt) % falls into.
Bavarian Nordic AS 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.
Bavarian Nordic ASs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Bavarian Nordic AS'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 kr1,601 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 12.56% mean?
Bavarian Nordic AS (CHIX:BAVAC) has a Earnings Yield (Joel Greenblatt) % of 12.56% 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 Bavarian Nordic AS and its competitors. This is 303% above median its historical median of 3.12. According to the industry distribution chart, Bavarian Nordic AS ranks #51 out of 1319 companies in the Biotechnology industry, placing it in the top 3.9%.
Is Bavarian Nordic AS's Earnings Yield (Joel Greenblatt) % too high?
Bavarian Nordic AS's current Earnings Yield (Joel Greenblatt) % of 12.56% is 303% above median its 10-year median of 3.12. Based on the distribution chart, Bavarian Nordic AS ranks #51 out of 1319 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Bavarian Nordic AS has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Bavarian Nordic AS's Earnings Yield (Joel Greenblatt) % compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Bavarian Nordic AS ranks #51 out of 1319 companies for Earnings Yield (Joel Greenblatt) %. This places Bavarian Nordic AS in the top 4% of its industry — outperforming the majority of peers. 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 Biotechnology company?
A good Earnings Yield (Joel Greenblatt) % depends on the Biotechnology 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 Bavarian Nordic AS and its competitors. Bavarian Nordic AS's current Earnings Yield (Joel Greenblatt) % is 12.56%, which is 303% above median its own 10-year median of 3.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bavarian Nordic AS stock overvalued right now?
Bavarian Nordic AS (CHIX:BAVAC) has a current Earnings Yield (Joel Greenblatt) % of 12.56%. The stock's GF Value™ is kr173.46, compared to a current price of kr188.30 — trading 8.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 12.56%, which is 303% above median its 10-year median of 3.12. Bavarian Nordic AS's overall GF Score™ is 77/100 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 Bavarian Nordic AS (CHIX:BAVAC), the current Earnings Yield (Joel Greenblatt) % is 12.56% 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 Bavarian Nordic AS (CHIX:BAVAC) Overvalued in 2026?
Based on GuruFocus' analysis, Bavarian Nordic AS stock appears to be overvalued.
The current stock price of kr188.30 is trading 8.6% above its estimated GF Value™ of kr173.46.
Key valuation signals for CHIX:BAVAC:
Earnings Yield (Joel Greenblatt) %: 12.56% (303% above median its 10-year median of 3.12)
GF Value™: kr173.46 vs. price of kr188.30 (8.6% above fair value)
No single metric tells the full story. See the CHIX:BAVAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bavarian Nordic AS is a biotechnology company focused on the research, development, manufacturing, and commercialization of life-saving vaccines. The group is a supplier of mpox and smallpox vaccines to governments to enhance public health preparedness and has a portfolio of travel vaccines. The vast majority of the company's revenue is generated in the United States, Germany, and other geographic markets. Its products include Encepur, Jynneos, Rabipur, Vaxchora, VIMKUNYA and Vivotif.
77GF 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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