SHW AG (HAM:SW10) Earnings Yield (Joel Greenblatt) %: 8.13% (As of Dec. 2025) — 90% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

HAM:SW10 SHW AG HAM:SW10
59 GF Score
Price €7.25
GF Value €12.03
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is SHW AG Earnings Yield (Joel Greenblatt) %?

SHW AG HAM:SW10 +9.85% 59 Earnings Yield (Joel Greenblatt) % is 8.13% as of Dec. 2025, which is 90% above its 10-year median of 4.28. GuruFocus rates HAM:SW10 with a GF Score™ of 59/100 and a GF Value™ of €12.03 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,335 Vehicles & Parts companies, SHW AG ranks better than 60.97% on this metric.

SHW AG's Enterprise Value for the quarter that ended in Dec. 2025 was €159.1 Mil. SHW AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €12.9 Mil. SHW AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2025 was 8.13%.

The historical rank and industry rank for SHW AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

HAM:SW10' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.75   Med: 4.28   Max: 8.17
Current: 7.68

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of SHW AG was 8.17%. The lowest was -2.75%. And the median was 4.28%.

HAM:SW10's Earnings Yield (Joel Greenblatt) % is ranked better than
60.97% of 1335 companies
in the Vehicles & Parts industry
Industry Median: 5.84 vs HAM:SW10: 7.68

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) %. SHW AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 was -16.82%. 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.


SHW AG  (HAM:SW10) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


SHW AG Earnings Yield (Joel Greenblatt) % Related Terms


SHW AG Earnings Yield (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for SHW AG'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.

SHW AG Earnings Yield (Joel Greenblatt) % Chart

SHW AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.56 1.72 6.43 3.63 8.13

SHW AG Semi-Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.56 1.72 6.43 3.63 8.13

HAM:SW10 vs ORLY, AZO, GPC: Earnings Yield (Joel Greenblatt) % Comparison

For the Auto Parts subindustry, SHW AG'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.


SHW AG Earnings Yield (Joel Greenblatt) % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SHW AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where SHW AG's Earnings Yield (Joel Greenblatt) % falls into.


HAM:SW10
59GF Score
SHW AG HAM:SW10
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SHW AG 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.

SHW AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=12.936/159.0702
=8.13 %

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 8.13% mean?
SHW AG (HAM:SW10) has a Earnings Yield (Joel Greenblatt) % of 8.13% as of Dec. 2025. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on SHW AG and its competitors. This is 90% above median its historical median of 4.28. According to the industry distribution chart, SHW AG ranks #521 out of 1335 companies in the Vehicles & Parts industry, placing it in the top 39%.
Is SHW AG's Earnings Yield (Joel Greenblatt) % too high?
SHW AG's current Earnings Yield (Joel Greenblatt) % of 8.13% is 90% above median its 10-year median of 4.28. The Vehicles & Parts industry median Earnings Yield (Joel Greenblatt) % is 5.84. SHW AG's value of 8.13% is 39.2% above this industry median. Based on the distribution chart, SHW AG ranks #521 out of 1335 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, SHW AG has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SHW AG's Earnings Yield (Joel Greenblatt) % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, SHW AG ranks #521 out of 1335 companies for Earnings Yield (Joel Greenblatt) %. This puts SHW AG in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.84. SHW AG's value of 8.13% is 39.2% above this benchmark. While the company's 10-year median is 4.28 vs. the industry median of 5.84, SHW AG 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 Vehicles & Parts company?
The median Earnings Yield (Joel Greenblatt) % among Vehicles & Parts companies is 5.84, based on 1,335 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. SHW AG's current Earnings Yield (Joel Greenblatt) % of 8.13% is 39.2% 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 SHW AG and its competitors. For the Vehicles & Parts industry, the median Earnings Yield (Joel Greenblatt) % is 5.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SHW AG's current Earnings Yield (Joel Greenblatt) % is 8.13%, which is 90% above median its own 10-year median of 4.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SHW AG stock overvalued right now?
Based on GuruFocus' analysis, SHW AG (HAM:SW10) is currently considered Significantly Undervalued. The stock's GF Value™ is €12.03, compared to a current price of €7.25 — trading 39.7% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 8.13%, which is 90% above median its 10-year median of 4.28 and 39.2% above the Vehicles & Parts industry median of 5.84. SHW AG's overall GF Score™ is 59/100 with 4 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 SHW AG (HAM:SW10), the current Earnings Yield (Joel Greenblatt) % is 8.13% as of Dec. 2025. 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 SHW AG (HAM:SW10) Overvalued in 2026?

Based on GuruFocus' analysis, SHW AG stock appears to be undervalued. The current stock price of €7.25 is trading 39.7% below its estimated GF Value™ of €12.03. GuruFocus considers SHW AG to be Significantly Undervalued.

Key valuation signals for HAM:SW10:

  • Earnings Yield (Joel Greenblatt) %: 8.13% (90% above median its 10-year median of 4.28)
  • GF Value™: €12.03 vs. price of €7.25 (39.7% below fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 39.2% above the Vehicles & Parts median (#521 of 1335)

No single metric tells the full story. See the HAM:SW10 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SHW AG Business Description

Address Wilhelmstrasse 111, Aalen, BW, DEU, 73433
SHW AG is a Germany-based developer and manufacturer of a product that contributes to a reduction of fuel consumption and consequently CO2 emissions in the vehicle industry. The company has two operating segments, Pumps, and Engine Components and Brake Disc segment. In its Pumps and engine components business segment SHW develops and produces engine and transmission components for the various area of application. In the Brake Discs business segment, it develops and produces Monobloc, ventilated, cast iron brake discs as well as lightweight brake discs. The company generates the majority of its revenue from the Pumps and engine components business segment.
59GF Score

Get the complete analysis for HAM:SW10

Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€7.25
Price
€12.03
GF Value