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Warner Music GroupHAM:WA4 +0.43%79 Earnings Yield (Joel Greenblatt) % is 5.62% as of Jun. 2026, which is 58% above its 10-year median of 3.56. GuruFocus rates HAM:WA4 with a GF Score™ of 79/100 and a GF Value™ of €29.78. The stock has 2 warning signs investors should review. Among 1,011 Media - Diversified companies, Warner Music Group ranks better than 58.06% on this metric.
Warner Music Group's Enterprise Value for the quarter that ended in Jun. 2026 was €16,008 Mil.
Warner Music Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €905 Mil. Warner Music Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 5.62%.
The historical rank and industry rank for Warner Music Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HAM:WA4'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.95 Med: 3.56 Max: 5.74
Current: 5.61
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Warner Music Group was 5.74%. The lowest was -1.95%. And the median was 3.56%.
HAM:WA4's Earnings Yield (Joel Greenblatt) % is ranked better than 58.06% of 1011
companies
in the Media - Diversified industry
Industry Median: 2.72
vs HAM:WA4: 5.61
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) %. Warner Music Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 6.30%. 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.
Warner Music Group (HAM:WA4) 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.
Warner Music Group Earnings Yield (Joel Greenblatt) % Related Terms
Warner Music Group Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Warner Music Group'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.
Warner Music Group Earnings Yield (Joel Greenblatt) % Chart
For the Entertainment subindustry, Warner Music Group'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.
Warner Music Group Earnings Yield (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Warner Music Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Warner Music Group's Earnings Yield (Joel Greenblatt) % falls into.
Warner Music Group 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.
Warner Music Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2025 is calculated as
Warner Music Group'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 €905 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 5.62% mean?
Warner Music Group (HAM:WA4) has a Earnings Yield (Joel Greenblatt) % of 5.62% 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 Warner Music Group and its competitors. This is 58% above median its historical median of 3.56. According to the industry distribution chart, Warner Music Group ranks #424 out of 1011 companies in the Media - Diversified industry, placing it in the top 41.9%.
Is Warner Music Group's Earnings Yield (Joel Greenblatt) % too high?
Warner Music Group's current Earnings Yield (Joel Greenblatt) % of 5.62% is 58% above median its 10-year median of 3.56. The Media - Diversified industry median Earnings Yield (Joel Greenblatt) % is 2.72. Warner Music Group's value of 5.62% is 106.6% above this industry median. Based on the distribution chart, Warner Music Group ranks #424 out of 1011 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Warner Music Group has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Warner Music Group's Earnings Yield (Joel Greenblatt) % compare to TKO and NWSA?
According to the Media - Diversified industry distribution chart, Warner Music Group ranks #424 out of 1011 companies for Earnings Yield (Joel Greenblatt) %. This puts Warner Music Group in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.72. Warner Music Group's value of 5.62% is 106.6% above this benchmark. While the company's 10-year median is 3.56 vs. the industry median of 2.72, Warner Music Group 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 Media - Diversified company?
The median Earnings Yield (Joel Greenblatt) % among Media - Diversified companies is 2.72, based on 1,011 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. Warner Music Group's current Earnings Yield (Joel Greenblatt) % of 5.62% is 106.6% 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 Warner Music Group and its competitors. For the Media - Diversified industry, the median Earnings Yield (Joel Greenblatt) % is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warner Music Group's current Earnings Yield (Joel Greenblatt) % is 5.62%, which is 58% above median its own 10-year median of 3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warner Music Group stock overvalued right now?
Warner Music Group (HAM:WA4) has a current Earnings Yield (Joel Greenblatt) % of 5.62%. The stock's GF Value™ is €29.78, compared to a current price of €23.29 — trading 21.8% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.62%, which is 58% above median its 10-year median of 3.56 and 106.6% above the Media - Diversified industry median of 2.72. Warner Music Group's overall GF Score™ is 79/100 with 2 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 Warner Music Group (HAM:WA4), the current Earnings Yield (Joel Greenblatt) % is 5.62% 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 Warner Music Group (HAM:WA4) Overvalued in 2026?
Based on GuruFocus' analysis, Warner Music Group stock appears to be undervalued.
The current stock price of €23.29 is trading 21.8% below its estimated GF Value™ of €29.78.
Key valuation signals for HAM:WA4:
Earnings Yield (Joel Greenblatt) %: 5.62% (58% above median its 10-year median of 3.56)
GF Value™: €29.78 vs. price of €23.29 (21.8% below fair value)
Industry Position: 106.6% above the Media - Diversified median (#424 of 1011)
No single metric tells the full story. See the HAM:WA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warner Music is the third-largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing notable record labels including Atlantic Records, Warner Records, Elektra Records. Some of the most successful current artists signed to record deals with Warner include Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Warner's remaining revenue comes from its publishing business, where Warner Chappell represents more than 180,000 songwriters and composers, some of whom are also Warner recording artists but many of whom are not recording artists or are attached to other labels. Warner Chappell controls more than 1 million musical compositions. Access Industries controls 98% of Warner's voting rights, while holding a 72% economic interest.
79GF 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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