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National CineMediaFRA:XWM0 +3.77%65 Earnings Yield (Joel Greenblatt) % is -2.06% as of Jun. 2026. GuruFocus rates FRA:XWM0 with a GF Score™ of 65/100 and a GF Value™ of €3.78 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,007 Media - Diversified companies, National CineMedia ranks worse than 71.2% on this metric.
National CineMedia's Enterprise Value for the quarter that ended in Jun. 2026 was €290.5 Mil.
National CineMedia's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €-6.3 Mil. National CineMedia's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was -2.06%.
The historical rank and industry rank for National CineMedia's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:XWM0'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.92 Med: 7.05 Max: 1413.09
Current: -3.06
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of National CineMedia was 1413.09%. The lowest was -4.92%. And the median was 7.05%.
FRA:XWM0's Earnings Yield (Joel Greenblatt) % is ranked worse than 71.2% of 1007
companies
in the Media - Diversified industry
Industry Median: 2.66
vs FRA:XWM0: -3.06
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) %. National CineMedia'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.
National CineMedia (FRA:XWM0) 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.
National CineMedia Earnings Yield (Joel Greenblatt) % Related Terms
National CineMedia Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for National CineMedia'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.
National CineMedia Earnings Yield (Joel Greenblatt) % Chart
For the Advertising Agencies subindustry, National CineMedia'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.
National CineMedia Earnings Yield (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, National CineMedia's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where National CineMedia's Earnings Yield (Joel Greenblatt) % falls into.
National CineMedia 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.
National CineMedias Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
National CineMedia'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 €-6.3 Mil.
What does a Earnings Yield (Joel Greenblatt) % of -2.06% mean?
National CineMedia (FRA:XWM0) has a Earnings Yield (Joel Greenblatt) % of -2.06% 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 National CineMedia and its competitors. According to the industry distribution chart, National CineMedia ranks #717 out of 1007 companies in the Media - Diversified industry, placing it in the top 71.2%.
Is National CineMedia's Earnings Yield (Joel Greenblatt) % too high?
National CineMedia's current Earnings Yield (Joel Greenblatt) % is -2.06%. Based on the distribution chart, National CineMedia ranks #717 out of 1007 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, National CineMedia has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National CineMedia's Earnings Yield (Joel Greenblatt) % compare to ADV and NEXN?
According to the Media - Diversified industry distribution chart, National CineMedia ranks #717 out of 1007 companies for Earnings Yield (Joel Greenblatt) %. This places National CineMedia in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.66. 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 Media - Diversified company?
The median Earnings Yield (Joel Greenblatt) % among Media - Diversified companies is 2.66, based on 1,007 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 National CineMedia and its competitors. For the Media - Diversified industry, the median Earnings Yield (Joel Greenblatt) % is 2.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National CineMedia's current Earnings Yield (Joel Greenblatt) % is -2.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National CineMedia stock overvalued right now?
Based on GuruFocus' analysis, National CineMedia (FRA:XWM0) is currently considered Significantly Undervalued. The stock's GF Value™ is €3.78, compared to a current price of €2.20 — trading 41.8% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is -2.06%. National CineMedia's overall GF Score™ is 65/100 with 3 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 National CineMedia (FRA:XWM0), the current Earnings Yield (Joel Greenblatt) % is -2.06% 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 National CineMedia (FRA:XWM0) Overvalued in 2026?
Based on GuruFocus' analysis, National CineMedia stock appears to be undervalued.
The current stock price of €2.20 is trading 41.8% below its estimated GF Value™ of €3.78.
GuruFocus considers National CineMedia to be Significantly Undervalued.
Key valuation signals for FRA:XWM0:
Earnings Yield (Joel Greenblatt) %: -2.06%
GF Value™: €3.78 vs. price of €2.20 (41.8% below fair value)
No single metric tells the full story. See the FRA:XWM0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National CineMedia Inc is a cinema advertising platform in the U.S. It derives revenue from the sale of advertising to national, regional and local businesses through The Noovie Show and the CineLife Show, the cinema advertising and entertainment show seen on movie screens across the U.S., on LEN, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theater lobbies.
65GF Score
Get the complete analysis for FRA:XWM0
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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