National Foods FZCO (KAR:NATF) Earnings Yield (Joel Greenblatt) %: 16.84% (As of Mar. 2026) — 114% 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.

KAR:NATF National Foods FZCO KAR:NATF
97 GF Score
Price ₨375.37
GF Value ₨267.72
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is National Foods FZCO Earnings Yield (Joel Greenblatt) %?

National Foods FZCO KAR:NATF +1.98% 97 Earnings Yield (Joel Greenblatt) % is 16.84% as of Mar. 2026, which is 114% above its 10-year median of 7.87. GuruFocus rates KAR:NATF with a GF Score™ of 97/100 and a GF Value™ of ₨267.72 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,026 Consumer Packaged Goods companies, National Foods FZCO ranks better than 84.01% on this metric.

National Foods FZCO's Enterprise Value for the quarter that ended in Mar. 2026 was ₨63,757 Mil. National Foods FZCO's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₨10,734 Mil. National Foods FZCO's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 16.84%.

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

KAR:NATF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.48   Med: 7.87   Max: 17.1
Current: 14.61

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of National Foods FZCO was 17.10%. The lowest was 1.48%. And the median was 7.87%.

KAR:NATF's Earnings Yield (Joel Greenblatt) % is ranked better than
84.01% of 2026 companies
in the Consumer Packaged Goods industry
Industry Median: 6.04 vs KAR:NATF: 14.61

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) %. National Foods FZCO's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 23.59%. 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 Foods FZCO  (KAR:NATF) 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.


National Foods FZCO Earnings Yield (Joel Greenblatt) % Related Terms


National Foods FZCO Earnings Yield (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for National Foods FZCO'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 Foods FZCO Earnings Yield (Joel Greenblatt) % Chart

National Foods FZCO Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.48 9.64 16.56 10.24 8.32

National Foods FZCO Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.62 8.32 9.09 11.76 16.84

KAR:NATF vs KHC, GIS: Earnings Yield (Joel Greenblatt) % Comparison

For the Packaged Foods subindustry, National Foods FZCO'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 Foods FZCO Earnings Yield (Joel Greenblatt) % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, National Foods FZCO's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where National Foods FZCO's Earnings Yield (Joel Greenblatt) % falls into.


KAR:NATF
97GF Score
National Foods FZCO KAR:NATF
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Foods FZCO 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 Foods FZCOs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2025 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=7579.295/91084.95945
=8.32 %

National Foods FZCO'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 ₨10,734 Mil.


What does a Earnings Yield (Joel Greenblatt) % of 16.84% mean?
National Foods FZCO (KAR:NATF) has a Earnings Yield (Joel Greenblatt) % of 16.84% 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 National Foods FZCO and its competitors. This is 114% above median its historical median of 7.87. Over the past decade, National Foods FZCO's Earnings Yield (Joel Greenblatt) % has ranged from 1.48 to 17.10. According to the industry distribution chart, National Foods FZCO ranks #324 out of 2026 companies in the Consumer Packaged Goods industry, placing it in the top 16%.
Is National Foods FZCO's Earnings Yield (Joel Greenblatt) % too high?
National Foods FZCO's current Earnings Yield (Joel Greenblatt) % of 16.84% is 114% above median its 10-year median of 7.87. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 17.10. The Consumer Packaged Goods industry median Earnings Yield (Joel Greenblatt) % is 6.04. National Foods FZCO's value of 16.84% is 178.8% above this industry median. Based on the distribution chart, National Foods FZCO ranks #324 out of 2026 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, National Foods FZCO has a GF Score™ of 97/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Foods FZCO's Earnings Yield (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, National Foods FZCO ranks #324 out of 2026 companies for Earnings Yield (Joel Greenblatt) %. This places National Foods FZCO in the top 16% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 6.04. National Foods FZCO's value of 16.84% is 178.8% above this benchmark. Historically, National Foods FZCO's own Earnings Yield (Joel Greenblatt) % has ranged from 1.48 to 17.10 over the past decade. While the company's 10-year median is 7.87 vs. the industry median of 6.04, National Foods FZCO 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 Consumer Packaged Goods company?
The median Earnings Yield (Joel Greenblatt) % among Consumer Packaged Goods companies is 6.04, based on 2,026 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. National Foods FZCO's current Earnings Yield (Joel Greenblatt) % of 16.84% is 178.8% 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 National Foods FZCO and its competitors. For the Consumer Packaged Goods industry, the median Earnings Yield (Joel Greenblatt) % is 6.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Foods FZCO's current Earnings Yield (Joel Greenblatt) % is 16.84%, which is 114% above median its own 10-year median of 7.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Foods FZCO stock overvalued right now?
Based on GuruFocus' analysis, National Foods FZCO (KAR:NATF) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨267.72, compared to a current price of ₨375.37 — trading 40.2% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 16.84%, which is 114% above median its 10-year median of 7.87 and 178.8% above the Consumer Packaged Goods industry median of 6.04. National Foods FZCO's overall GF Score™ is 97/100 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 National Foods FZCO (KAR:NATF), the current Earnings Yield (Joel Greenblatt) % is 16.84% 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 National Foods FZCO (KAR:NATF) Overvalued in 2026?

Based on GuruFocus' analysis, National Foods FZCO stock appears to be overvalued. The current stock price of ₨375.37 is trading 40.2% above its estimated GF Value™ of ₨267.72. GuruFocus considers National Foods FZCO to be Significantly Overvalued.

Key valuation signals for KAR:NATF:

  • Earnings Yield (Joel Greenblatt) %: 16.84% (114% above median its 10-year median of 7.87)
  • GF Value™: ₨267.72 vs. price of ₨375.37 (40.2% above fair value)
  • GF Score™: 97/100 with 6 warning signs
  • Industry Position: 178.8% above the Consumer Packaged Goods median (#324 of 2026)

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


National Foods FZCO Business Description

Address 12/CL-6, Claremont Road, Civil Lines, Karachi, SD, PAK, 75530
National Foods FZCO, formerly known as National Foods Ltd, is a Pakistan-based multi-category food company. It is principally engaged in the manufacturing and sale of convenience food products. The company's operating segment includes Food and food-related products and Retail. It generates maximum revenue from the Food and food-related products segment. Geographically, it derives the majority of revenue from Pakistan and also has a presence in KSA/Canada, the Middle East. The products of the company include desserts, jams, pickles, frozen meals, ketchup, recipe masala, rice, basic spices, and snacks.
97GF Score

Get the complete analysis for KAR:NATF

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

₨375.37
Price
₨267.72
GF Value