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Copa HoldingsCPA +1.20%85 Earnings Yield (Joel Greenblatt) % is 16.03% as of Mar. 2026, which is 65% above its 10-year median of 9.69. GuruFocus rates CPA with a GF Score™ of 85/100 and a GF Value™ of $117.32 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,026 Transportation companies, Copa Holdings ranks better than 78.56% on this metric.
Copa Holdings's Enterprise Value for the quarter that ended in Mar. 2026 was $5,719 Mil.
Copa Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $917 Mil. Copa Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 16.03%.
The historical rank and industry rank for Copa Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CPA'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.52 Med: 9.69 Max: 20.91
Current: 12.89
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Copa Holdings was 20.91%. The lowest was -19.52%. And the median was 9.69%.
CPA's Earnings Yield (Joel Greenblatt) % is ranked better than 78.56% of 1026
companies
in the Transportation industry
Industry Median: 6.755
vs CPA: 12.89
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) %. Copa Holdings'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.
Copa Holdings (NYSE:CPA) 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.
Copa Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Copa Holdings Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Copa Holdings'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.
Copa Holdings Earnings Yield (Joel Greenblatt) % Chart
For the Airlines subindustry, Copa Holdings'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.
Copa Holdings Earnings Yield (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Copa Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Copa Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Copa Holdings 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.
Copa Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Copa Holdings'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 $917 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 16.03% mean?
Copa Holdings (CPA) has a Earnings Yield (Joel Greenblatt) % of 16.03% 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 Copa Holdings and its competitors. This is 65% above median its historical median of 9.69. According to the industry distribution chart, Copa Holdings ranks #220 out of 1026 companies in the Transportation industry, placing it in the top 21.4%.
Is Copa Holdings' Earnings Yield (Joel Greenblatt) % too high?
Copa Holdings' current Earnings Yield (Joel Greenblatt) % of 16.03% is 65% above median its 10-year median of 9.69. The Transportation industry median Earnings Yield (Joel Greenblatt) % is 6.76. Copa Holdings' value of 16.03% is 137.3% above this industry median. Based on the distribution chart, Copa Holdings ranks #220 out of 1026 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Copa Holdings has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Copa Holdings' Earnings Yield (Joel Greenblatt) % compare to ALK and SKYW?
According to the Transportation industry distribution chart, Copa Holdings ranks #220 out of 1026 companies for Earnings Yield (Joel Greenblatt) %. This places Copa Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 6.76. Copa Holdings' value of 16.03% is 137.3% above this benchmark. While the company's 10-year median is 9.69 vs. the industry median of 6.76, Copa Holdings 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 Transportation company?
The median Earnings Yield (Joel Greenblatt) % among Transportation companies is 6.76, based on 1,026 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. Copa Holdings's current Earnings Yield (Joel Greenblatt) % of 16.03% is 137.3% 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 Copa Holdings and its competitors. For the Transportation industry, the median Earnings Yield (Joel Greenblatt) % is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Copa Holdings's current Earnings Yield (Joel Greenblatt) % is 16.03%, which is 65% above median its own 10-year median of 9.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Copa Holdings stock overvalued right now?
Based on GuruFocus' analysis, Copa Holdings (CPA) is currently considered Modestly Overvalued. The stock's GF Value™ is $117.32, compared to a current price of $147.82 — trading 26% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 16.03%, which is 65% above median its 10-year median of 9.69 and 137.3% above the Transportation industry median of 6.76. Copa Holdings' overall GF Score™ is 85/100 with 7 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 Copa Holdings (CPA), the current Earnings Yield (Joel Greenblatt) % is 16.03% 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 Copa Holdings (CPA) Overvalued in 2026?
Based on GuruFocus' analysis, Copa Holdings stock appears to be overvalued.
The current stock price of $147.82 is trading 26% above its estimated GF Value™ of $117.32.
GuruFocus considers Copa Holdings to be Modestly Overvalued.
Key valuation signals for CPA:
Earnings Yield (Joel Greenblatt) %: 16.03% (65% above median its 10-year median of 9.69)
GF Value™: $117.32 vs. price of $147.82 (26% above fair value)
Industry Position: 137.3% above the Transportation median (#220 of 1026)
No single metric tells the full story. See the CPA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Copa Holdings SA is a provider of airline passenger and cargo services through its subsidiaries. The company operates through the air transportation segment. It offers international air transportation for passengers, cargo, and mail, operating from its Panama City hub in the Republic of Panama, and domestic and international air transportation for passengers, cargo, and mail with a point-to-point route network through Copa Colombia, a Colombian air carrier. The company's geographical segments are North America, South America, Central America, and the Caribbean. It derives the maximum revenue from North America.
85GF Score
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