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Callaway Golf CoFRA:CLY -0.63%70 Earnings Yield (Joel Greenblatt) % is 6.42% as of Jun. 2026, which is 38% above its 10-year median of 4.64. GuruFocus rates FRA:CLY with a GF Score™ of 70/100 and a GF Value™ of €9.81 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 857 Travel & Leisure companies, Callaway Golf Co ranks better than 67.09% on this metric.
Callaway Golf Co's Enterprise Value for the quarter that ended in Jun. 2026 was €2,930 Mil.
Callaway Golf Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €186 Mil. Callaway Golf Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 6.42%.
The historical rank and industry rank for Callaway Golf Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:CLY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.15 Med: 4.64 Max: 10.97
Current: 7.36
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Callaway Golf Co was 10.97%. The lowest was -4.15%. And the median was 4.64%.
FRA:CLY's Earnings Yield (Joel Greenblatt) % is ranked better than 67.09% of 857
companies
in the Travel & Leisure industry
Industry Median: 4.8
vs FRA:CLY: 7.36
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) %. Callaway Golf Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was -9.84%. 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.
Callaway Golf Co (FRA:CLY) 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.
Callaway Golf Co Earnings Yield (Joel Greenblatt) % Related Terms
Callaway Golf Co Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Callaway Golf Co'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.
Callaway Golf Co Earnings Yield (Joel Greenblatt) % Chart
For the Leisure subindustry, Callaway Golf Co'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.
Callaway Golf Co Earnings Yield (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Callaway Golf Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Callaway Golf Co's Earnings Yield (Joel Greenblatt) % falls into.
Callaway Golf Co 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.
Callaway Golf Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Callaway Golf Co'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 €186 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 6.42% mean?
Callaway Golf Co (FRA:CLY) has a Earnings Yield (Joel Greenblatt) % of 6.42% 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 Callaway Golf Co and its competitors. This is 38% above median its historical median of 4.64. According to the industry distribution chart, Callaway Golf Co ranks #282 out of 857 companies in the Travel & Leisure industry, placing it in the top 32.9%.
Is Callaway Golf Co's Earnings Yield (Joel Greenblatt) % too high?
Callaway Golf Co's current Earnings Yield (Joel Greenblatt) % of 6.42% is 38% above median its 10-year median of 4.64. The Travel & Leisure industry median Earnings Yield (Joel Greenblatt) % is 4.80. Callaway Golf Co's value of 6.42% is 33.8% above this industry median. Based on the distribution chart, Callaway Golf Co ranks #282 out of 857 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Callaway Golf Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Callaway Golf Co's Earnings Yield (Joel Greenblatt) % compare to YETI and OSW?
According to the Travel & Leisure industry distribution chart, Callaway Golf Co ranks #282 out of 857 companies for Earnings Yield (Joel Greenblatt) %. This puts Callaway Golf Co in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 4.80. Callaway Golf Co's value of 6.42% is 33.8% above this benchmark. While the company's 10-year median is 4.64 vs. the industry median of 4.80, Callaway Golf Co 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 4.80, based on 857 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. Callaway Golf Co's current Earnings Yield (Joel Greenblatt) % of 6.42% is 33.8% 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 Callaway Golf Co and its competitors. For the Travel & Leisure industry, the median Earnings Yield (Joel Greenblatt) % is 4.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Callaway Golf Co's current Earnings Yield (Joel Greenblatt) % is 6.42%, which is 38% above median its own 10-year median of 4.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Callaway Golf Co stock overvalued right now?
Based on GuruFocus' analysis, Callaway Golf Co (FRA:CLY) is currently considered Significantly Overvalued. The stock's GF Value™ is €9.81, compared to a current price of €14.28 — trading 45.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 6.42%, which is 38% above median its 10-year median of 4.64 and 33.8% above the Travel & Leisure industry median of 4.80. Callaway Golf Co's overall GF Score™ is 70/100 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 Callaway Golf Co (FRA:CLY), the current Earnings Yield (Joel Greenblatt) % is 6.42% 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 Callaway Golf Co (FRA:CLY) Overvalued in 2026?
Based on GuruFocus' analysis, Callaway Golf Co stock appears to be overvalued.
The current stock price of €14.28 is trading 45.6% above its estimated GF Value™ of €9.81.
GuruFocus considers Callaway Golf Co to be Significantly Overvalued.
Key valuation signals for FRA:CLY:
Earnings Yield (Joel Greenblatt) %: 6.42% (38% above median its 10-year median of 4.64)
GF Value™: €9.81 vs. price of €14.28 (45.6% above fair value)
Industry Position: 33.8% above the Travel & Leisure median (#282 of 857)
No single metric tells the full story. See the FRA:CLY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Callaway Golf Co is a golf equipment, gear and apparel company with a portfolio of world-wide brands, including Callaway Golf, Odyssey, TravisMathew, and OGIO. Callaway designs, manufactures, and sells high-performance golf clubs, golf balls, apparel, bags, and other accessories-setting the standard for performance in the game of golf. The company has two operating and reportable business segments: Golf Equipment and Apparel, Gear and Other. Geographically, the company operates in United States, Europe, Asia, and Rest of World, of which it derives maximum revenue from United States.
70GF Score
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