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United Natural FoodsFRA:UN3 -1.80%60 Earnings Yield (Joel Greenblatt) % is 1.17% as of Apr. 2026, which is 67% below its 10-year median of 3.57. GuruFocus rates FRA:UN3 with a GF Score™ of 60/100 and a GF Value™ of €18.72 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 315 Retail - Defensive companies, United Natural Foods ranks worse than 77.78% on this metric.
United Natural Foods's Enterprise Value for the quarter that ended in Apr. 2026 was €5,149 Mil.
United Natural Foods's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 was €61 Mil. United Natural Foods's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2026 was 1.17%.
The historical rank and industry rank for United Natural Foods's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:UN3'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.07 Med: 3.57 Max: 15.61
Current: 1.22
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of United Natural Foods was 15.61%. The lowest was -12.07%. And the median was 3.57%.
FRA:UN3's Earnings Yield (Joel Greenblatt) % is ranked worse than 77.78% of 315
companies
in the Retail - Defensive industry
Industry Median: 6.26
vs FRA:UN3: 1.22
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) %. United Natural Foods's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2026 was -12.92%. 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.
United Natural Foods (FRA:UN3) 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.
United Natural Foods Earnings Yield (Joel Greenblatt) % Related Terms
United Natural Foods Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for United Natural Foods'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.
United Natural Foods Earnings Yield (Joel Greenblatt) % Chart
For the Food Distribution subindustry, United Natural Foods'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.
United Natural Foods Earnings Yield (Joel Greenblatt) % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, United Natural Foods's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where United Natural Foods's Earnings Yield (Joel Greenblatt) % falls into.
United Natural Foods 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.
United Natural Foodss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jul. 2025 is calculated as
United Natural Foods's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €61 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 1.17% mean?
United Natural Foods (FRA:UN3) has a Earnings Yield (Joel Greenblatt) % of 1.17% as of Apr. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on United Natural Foods and its competitors. This is 67% below median its historical median of 3.57. According to the industry distribution chart, United Natural Foods ranks #245 out of 315 companies in the Retail - Defensive industry, placing it in the top 77.8%.
Is United Natural Foods' Earnings Yield (Joel Greenblatt) % too high?
United Natural Foods' current Earnings Yield (Joel Greenblatt) % of 1.17% is 67% below median its 10-year median of 3.57. The Retail - Defensive industry median Earnings Yield (Joel Greenblatt) % is 6.26. United Natural Foods' value of 1.17% is 81.3% below this industry median. Based on the distribution chart, United Natural Foods ranks #245 out of 315 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, United Natural Foods has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Natural Foods' Earnings Yield (Joel Greenblatt) % compare to ANDE and CHEF?
According to the Retail - Defensive industry distribution chart, United Natural Foods ranks #245 out of 315 companies for Earnings Yield (Joel Greenblatt) %. This places United Natural Foods in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.26. United Natural Foods' value of 1.17% is 81.3% below this benchmark. While the company's 10-year median is 3.57 vs. the industry median of 6.26, United Natural Foods has consistently been below 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 Retail - Defensive company?
The median Earnings Yield (Joel Greenblatt) % among Retail - Defensive companies is 6.26, based on 315 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. United Natural Foods's current Earnings Yield (Joel Greenblatt) % of 1.17% is 81.3% below 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 United Natural Foods and its competitors. For the Retail - Defensive industry, the median Earnings Yield (Joel Greenblatt) % is 6.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Natural Foods's current Earnings Yield (Joel Greenblatt) % is 1.17%, which is 67% below median its own 10-year median of 3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Natural Foods stock overvalued right now?
Based on GuruFocus' analysis, United Natural Foods (FRA:UN3) is currently considered Significantly Overvalued. The stock's GF Value™ is €18.72, compared to a current price of €39.73 — trading 112.2% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 1.17%, which is 67% below median its 10-year median of 3.57 and 81.3% below the Retail - Defensive industry median of 6.26. United Natural Foods' overall GF Score™ is 60/100 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 United Natural Foods (FRA:UN3), the current Earnings Yield (Joel Greenblatt) % is 1.17% as of Apr. 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 United Natural Foods (FRA:UN3) Overvalued in 2026?
Based on GuruFocus' analysis, United Natural Foods stock appears to be overvalued.
The current stock price of €39.73 is trading 112.2% above its estimated GF Value™ of €18.72.
GuruFocus considers United Natural Foods to be Significantly Overvalued.
Key valuation signals for FRA:UN3:
Earnings Yield (Joel Greenblatt) %: 1.17% (67% below median its 10-year median of 3.57)
GF Value™: €18.72 vs. price of €39.73 (112.2% above fair value)
Industry Position: 81.3% below the Retail - Defensive median (#245 of 315)
No single metric tells the full story. See the FRA:UN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Natural Foods Inc is a wholesale distributor of natural, organic and specialty foods and nonfood products across North America. The company's products consist of national, regional and private label brands grouped into grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. United Natural Foods serves various retail formats including conventional supermarket chains, natural product superstores, independent retail operators and foodservice channels such as e-commerce platforms. The company's operations are comprised of principal divisions: the wholesale division; the retail division; and other.
60GF 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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