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Howmet AerospaceHWM +2.28%82 Earnings Yield (Joel Greenblatt) % is 2.39% as of Mar. 2026, which is 38% below its 10-year median of 3.87. GuruFocus rates HWM with a GF Scoreâ„¢ of 82/100 and a GF Valueâ„¢ of $141.20 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 362 Aerospace & Defense companies, Howmet Aerospace ranks worse than 52.49% on this metric.
Howmet Aerospace's Enterprise Value for the quarter that ended in Mar. 2026 was $94,600 Mil.
Howmet Aerospace's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $2,257 Mil. Howmet Aerospace's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 2.39%.
The historical rank and industry rank for Howmet Aerospace's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HWM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.73 Med: 3.87 Max: 13.97
Current: 1.93
During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Howmet Aerospace was 13.97%. The lowest was 1.73%. And the median was 3.87%.
HWM's Earnings Yield (Joel Greenblatt) % is ranked worse than 52.49% of 362
companies
in the Aerospace & Defense industry
Industry Median: 2.145
vs HWM: 1.93
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) %. Howmet Aerospace's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 20.85%. 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.
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.
Howmet Aerospace Earnings Yield (Joel Greenblatt) % Related Terms
Howmet Aerospace Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Howmet Aerospace'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.
For the Aerospace & Defense subindustry, Howmet Aerospace'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.
Howmet Aerospace Earnings Yield (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Howmet Aerospace's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Howmet Aerospace's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Howmet Aerospaces Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Howmet Aerospace's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,257 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 2.39% mean?
Howmet Aerospace (HWM) has a Earnings Yield (Joel Greenblatt) % of 2.39% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Howmet Aerospace and its competitors. This is 38% below median its historical median of 3.87. Over the past decade, Howmet Aerospace's Earnings Yield (Joel Greenblatt) % has ranged from 1.73 to 13.97. According to the industry distribution chart, Howmet Aerospace ranks #190 out of 362 companies in the Aerospace & Defense industry, placing it in the top 52.5%.
Is Howmet Aerospace's Earnings Yield (Joel Greenblatt) % too high?
Howmet Aerospace's current Earnings Yield (Joel Greenblatt) % of 2.39% is 38% below median its 10-year median of 3.87. Over the past 10 years, this metric has ranged from a low of 1.73 to a high of 13.97. The Aerospace & Defense industry median Earnings Yield (Joel Greenblatt) % is 2.15. Howmet Aerospace's value of 2.39% is 11.4% above this industry median. Based on the distribution chart, Howmet Aerospace ranks #190 out of 362 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Howmet Aerospace has a GF Scoreâ„¢ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Howmet Aerospace's Earnings Yield (Joel Greenblatt) % compare to LMT and GD?
According to the Aerospace & Defense industry distribution chart, Howmet Aerospace ranks #190 out of 362 companies for Earnings Yield (Joel Greenblatt) %. This places Howmet Aerospace in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.15. Howmet Aerospace's value of 2.39% is 11.4% above this benchmark. Historically, Howmet Aerospace's own Earnings Yield (Joel Greenblatt) % has ranged from 1.73 to 13.97 over the past decade. While the company's 10-year median is 3.87 vs. the industry median of 2.15, Howmet Aerospace 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 an Aerospace & Defense company?
The median Earnings Yield (Joel Greenblatt) % among Aerospace & Defense companies is 2.15, based on 362 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. Howmet Aerospace's current Earnings Yield (Joel Greenblatt) % of 2.39% is 11.4% 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 Howmet Aerospace and its competitors. For the Aerospace & Defense industry, the median Earnings Yield (Joel Greenblatt) % is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Howmet Aerospace's current Earnings Yield (Joel Greenblatt) % is 2.39%, which is 38% below median its own 10-year median of 3.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Howmet Aerospace stock overvalued right now?
Based on GuruFocus' analysis, Howmet Aerospace (HWM) is currently considered Significantly Overvalued. The stock's GF Value™ is $141.20, compared to a current price of $287.09 — trading 103.3% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 2.39%, which is 38% below median its 10-year median of 3.87 and 11.4% above the Aerospace & Defense industry median of 2.15. Howmet Aerospace's overall GF Score™ is 82/100 with 6 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 Howmet Aerospace (HWM), the current Earnings Yield (Joel Greenblatt) % is 2.39% as of Mar. 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 Howmet Aerospace (HWM) Overvalued in 2026?
Based on GuruFocus' analysis, Howmet Aerospace stock appears to be overvalued.
The current stock price of $287.09 is trading 103.3% above its estimated GF Value™ of $141.20.
GuruFocus considers Howmet Aerospace to be Significantly Overvalued.
Key valuation signals for HWM:
Earnings Yield (Joel Greenblatt) %: 2.39% (38% below median its 10-year median of 3.87)
GF Value™: $141.20 vs. price of $287.09 (103.3% above fair value)
Industry Position: 11.4% above the Aerospace & Defense median (#190 of 362)
No single metric tells the full story. See the HWM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Howmet Aerospace Inc offers engineered solutions for the aerospace and transportation industries. The company's products and solutions include investment castings for jet engines and industrial gas turbines; seamless rolled rings for jet engines; fastening systems for aerospace, industrial and commercial transportation applications; forged jet engine components (e.g., jet engine disks); machined and forged aircraft parts; and forged aluminum commercial vehicle wheels, all of which are sold directly to customers or through distributors. It has four reportable segments: Engine Products, which derives key revenue, Fastening Systems, Engineered Structures, and Forged Wheels. Geographically, the company derives maximum revenue from the USA, followed by France, Japan, Germany, and other markets.
82GF Score
Get the complete analysis for HWM
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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