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Graham Holdings CoGHC +0.21%90 Earnings Yield (Joel Greenblatt) % is 15.29% as of Jun. 2026, which is 37% above its 10-year median of 11.14. GuruFocus rates GHC with a GF Score™ of 90/100 and a GF Value™ of $995.25 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 568 Conglomerates companies, Graham Holdings Co ranks better than 81.69% on this metric.
Graham Holdings Co's Enterprise Value for the quarter that ended in Jun. 2026 was $5,005 Mil.
Graham Holdings Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $765 Mil. Graham Holdings Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 15.29%.
The historical rank and industry rank for Graham Holdings Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
GHC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.11 Med: 11.14 Max: 31.53
Current: 14.47
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Graham Holdings Co was 31.53%. The lowest was -0.11%. And the median was 11.14%.
GHC's Earnings Yield (Joel Greenblatt) % is ranked better than 81.69% of 568
companies
in the Conglomerates industry
Industry Median: 6.47
vs GHC: 14.47
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) %. Graham Holdings Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 17.58%. 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.
Graham Holdings Co (NYSE:GHC) 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.
Graham Holdings Co Earnings Yield (Joel Greenblatt) % Related Terms
Graham Holdings Co Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Graham Holdings 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.
Graham Holdings Co Earnings Yield (Joel Greenblatt) % Chart
For the Conglomerates subindustry, Graham Holdings 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.
Graham Holdings Co Earnings Yield (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Graham Holdings Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Graham Holdings Co's Earnings Yield (Joel Greenblatt) % falls into.
Graham Holdings 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.
Graham Holdings Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Graham Holdings 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 $765 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 15.29% mean?
Graham Holdings Co (GHC) has a Earnings Yield (Joel Greenblatt) % of 15.29% 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 Graham Holdings Co and its competitors. This is 37% above median its historical median of 11.14. According to the industry distribution chart, Graham Holdings Co ranks #104 out of 568 companies in the Conglomerates industry, placing it in the top 18.3%.
Is Graham Holdings Co's Earnings Yield (Joel Greenblatt) % too high?
Graham Holdings Co's current Earnings Yield (Joel Greenblatt) % of 15.29% is 37% above median its 10-year median of 11.14. The Conglomerates industry median Earnings Yield (Joel Greenblatt) % is 6.47. Graham Holdings Co's value of 15.29% is 136.3% above this industry median. Based on the distribution chart, Graham Holdings Co ranks #104 out of 568 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Graham Holdings Co has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Graham Holdings Co's Earnings Yield (Joel Greenblatt) % compare to SEB and OTTR?
According to the Conglomerates industry distribution chart, Graham Holdings Co ranks #104 out of 568 companies for Earnings Yield (Joel Greenblatt) %. This places Graham Holdings Co in the top 18% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 6.47. Graham Holdings Co's value of 15.29% is 136.3% above this benchmark. While the company's 10-year median is 11.14 vs. the industry median of 6.47, Graham Holdings 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 Conglomerates company?
The median Earnings Yield (Joel Greenblatt) % among Conglomerates companies is 6.47, based on 568 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. Graham Holdings Co's current Earnings Yield (Joel Greenblatt) % of 15.29% is 136.3% 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 Graham Holdings Co and its competitors. For the Conglomerates industry, the median Earnings Yield (Joel Greenblatt) % is 6.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Graham Holdings Co's current Earnings Yield (Joel Greenblatt) % is 15.29%, which is 37% above median its own 10-year median of 11.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Graham Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Graham Holdings Co (GHC) is currently considered Modestly Overvalued. The stock's GF Value™ is $995.25, compared to a current price of $1,212.77 — trading 21.9% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 15.29%, which is 37% above median its 10-year median of 11.14 and 136.3% above the Conglomerates industry median of 6.47. Graham Holdings Co's overall GF Score™ is 90/100 with 9 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 Graham Holdings Co (GHC), the current Earnings Yield (Joel Greenblatt) % is 15.29% 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 Graham Holdings Co (GHC) Overvalued in 2026?
Based on GuruFocus' analysis, Graham Holdings Co stock appears to be overvalued.
The current stock price of $1,212.77 is trading 21.9% above its estimated GF Value™ of $995.25.
GuruFocus considers Graham Holdings Co to be Modestly Overvalued.
Key valuation signals for GHC:
Earnings Yield (Joel Greenblatt) %: 15.29% (37% above median its 10-year median of 11.14)
GF Value™: $995.25 vs. price of $1,212.77 (21.9% above fair value)
Industry Position: 136.3% above the Conglomerates median (#104 of 568)
No single metric tells the full story. See the GHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Graham Holdings Company is a diversified holding company with operations spanning educational services, television broadcasting, healthcare, manufacturing, automotive dealerships, and other businesses. The Company's education activities are conducted through Kaplan, whose services include academic preparation programs for international students, English-language programs, exam preparation, and career and academic advisement. These services are provided to students, schools, and colleges, both domestically and outside the United States. It operates through seven reportable segments: Kaplan International, Kaplan Higher Education, Kaplan Supplemental Education, Television Broadcasting, CSI, Manufacturing and Automotive, with key revenue coming from the Education and Automotive segments.
90GF Score
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