Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Cathay Pacific AirwaysCPCAF 81 Earnings Yield (Joel Greenblatt) % is 0.00% as of Jun. 2026. GuruFocus rates CPCAF with a GF Score™ of 81/100 and a GF Value™ of $1.67 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,027 Transportation companies, Cathay Pacific Airways ranks better than 79.55% on this metric.
Cathay Pacific Airways's Enterprise Value for the quarter that ended in Jun. 2026 was $15,427 Mil.
Cathay Pacific Airways's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $2,277 Mil. Cathay Pacific Airways's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 0.00%.
The historical rank and industry rank for Cathay Pacific Airways's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CPCAF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.75 Med: 2.97 Max: 13.43
Current: 13.16
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Cathay Pacific Airways was 13.43%. The lowest was -18.75%. And the median was 2.97%.
CPCAF's Earnings Yield (Joel Greenblatt) % is ranked better than 79.55% of 1027
companies
in the Transportation industry
Industry Median: 6.69
vs CPCAF: 13.16
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) %. Cathay Pacific Airways's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
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.
Cathay Pacific Airways Earnings Yield (Joel Greenblatt) % Related Terms
Cathay Pacific Airways Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Cathay Pacific Airways'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 Airlines subindustry, Cathay Pacific Airways'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.
Cathay Pacific Airways Earnings Yield (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Cathay Pacific Airways's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cathay Pacific Airways'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.
Cathay Pacific Airwayss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 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 0.00% mean?
Cathay Pacific Airways (CPCAF) has a Earnings Yield (Joel Greenblatt) % of 0.00% 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 Cathay Pacific Airways and its competitors. According to the industry distribution chart, Cathay Pacific Airways ranks #210 out of 1027 companies in the Transportation industry, placing it in the top 20.4%.
Is Cathay Pacific Airways' Earnings Yield (Joel Greenblatt) % too high?
Cathay Pacific Airways' current Earnings Yield (Joel Greenblatt) % is 0.00%. Based on the distribution chart, Cathay Pacific Airways ranks #210 out of 1027 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Cathay Pacific Airways has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cathay Pacific Airways' Earnings Yield (Joel Greenblatt) % compare to DAL and UAL?
According to the Transportation industry distribution chart, Cathay Pacific Airways ranks #210 out of 1027 companies for Earnings Yield (Joel Greenblatt) %. This places Cathay Pacific Airways in the top 20% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 6.69. 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 6.69, based on 1,027 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. 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 Cathay Pacific Airways and its competitors. For the Transportation industry, the median Earnings Yield (Joel Greenblatt) % is 6.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cathay Pacific Airways's current Earnings Yield (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cathay Pacific Airways stock overvalued right now?
Based on GuruFocus' analysis, Cathay Pacific Airways (CPCAF) is currently considered Fairly Valued. The stock's GF Value™ is $1.67, compared to a current price of $1.65 — trading 1.2% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 0.00%. Cathay Pacific Airways' overall GF Score™ is 81/100 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 Cathay Pacific Airways (CPCAF), the current Earnings Yield (Joel Greenblatt) % is 0.00% 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 Cathay Pacific Airways (CPCAF) Overvalued in 2026?
Based on GuruFocus' analysis, Cathay Pacific Airways stock appears to be undervalued.
The current stock price of $1.65 is trading 1.2% below its estimated GF Value™ of $1.67.
GuruFocus considers Cathay Pacific Airways to be Fairly Valued.
Key valuation signals for CPCAF:
Earnings Yield (Joel Greenblatt) %: 0.00%
GF Value™: $1.67 vs. price of $1.65 (1.2% below fair value)
No single metric tells the full story. See the CPCAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cathay Pacific is Hong Kong's largest airline group, operating a fleet of 237 aircraft as of December 2025 and serving over 100 destinations globally. As of March 2026, its largest shareholders remain Swire Pacific and Air China, with stakes of 45% and 29%, respectively. The group operates the full-service carrier Cathay Pacific, low-cost carrier HK Express, and cargo operator Air Hong Kong.
81GF Score
Get the complete analysis for CPCAF
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CPCAF has been successfully added to your 
