NetEaseNETTF -0.98%94 Earnings Yield (Joel Greenblatt) % is 10.99% as of Mar. 2026, which is 81% above its 10-year median of 6.07. GuruFocus rates NETTF with a GF Score™ of 94/100 and a GF Value™ of $23.59 (Fairly Valued). Among 549 Interactive Media companies, NetEase ranks better than 72.5% on this metric.
NetEase's Enterprise Value for the quarter that ended in Mar. 2026 was $39,613 Mil.
NetEase's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $5,404 Mil. NetEase's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 10.99%.
The historical rank and industry rank for NetEase's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NETTF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.61 Med: 6.07 Max: 12.18
Current: 9.54
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of NetEase was 12.18%. The lowest was 2.61%. And the median was 6.07%.
NETTF's Earnings Yield (Joel Greenblatt) % is ranked better than 72.5% of 549
companies
in the Interactive Media industry
Industry Median: 2.28
vs NETTF: 9.54
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) %. NetEase's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 23.82%. 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.
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.
NetEase Earnings Yield (Joel Greenblatt) % Related Terms
NetEase Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for NetEase'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 Electronic Gaming & Multimedia subindustry, NetEase'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.
NetEase Earnings Yield (Joel Greenblatt) % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetEase's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NetEase'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.
NetEases Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
NetEase'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 $5,404 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 10.99% mean?
NetEase (NETTF) has a Earnings Yield (Joel Greenblatt) % of 10.99% 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 NetEase and its competitors. This is 81% above median its historical median of 6.07. Over the past decade, NetEase's Earnings Yield (Joel Greenblatt) % has ranged from 2.61 to 12.18. According to the industry distribution chart, NetEase ranks #151 out of 549 companies in the Interactive Media industry, placing it in the top 27.5%.
Is NetEase's Earnings Yield (Joel Greenblatt) % too high?
NetEase's current Earnings Yield (Joel Greenblatt) % of 10.99% is 81% above median its 10-year median of 6.07. Over the past 10 years, this metric has ranged from a low of 2.61 to a high of 12.18. The Interactive Media industry median Earnings Yield (Joel Greenblatt) % is 2.28. NetEase's value of 10.99% is 382% above this industry median. Based on the distribution chart, NetEase ranks #151 out of 549 companies in the Interactive Media industry, which is above the industry midpoint. Overall, NetEase has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NetEase's Earnings Yield (Joel Greenblatt) % compare to EA and TTWO?
According to the Interactive Media industry distribution chart, NetEase ranks #151 out of 549 companies for Earnings Yield (Joel Greenblatt) %. This puts NetEase in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.28. NetEase's value of 10.99% is 382% above this benchmark. Historically, NetEase's own Earnings Yield (Joel Greenblatt) % has ranged from 2.61 to 12.18 over the past decade. While the company's 10-year median is 6.07 vs. the industry median of 2.28, NetEase 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 Interactive Media company?
The median Earnings Yield (Joel Greenblatt) % among Interactive Media companies is 2.28, based on 549 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. NetEase's current Earnings Yield (Joel Greenblatt) % of 10.99% is 382% 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 NetEase and its competitors. For the Interactive Media industry, the median Earnings Yield (Joel Greenblatt) % is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetEase's current Earnings Yield (Joel Greenblatt) % is 10.99%, which is 81% above median its own 10-year median of 6.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase stock overvalued right now?
Based on GuruFocus' analysis, NetEase (NETTF) is currently considered Fairly Valued. The stock's GF Value™ is $23.59, compared to a current price of $24.26 — trading 2.8% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 10.99%, which is 81% above median its 10-year median of 6.07 and 382% above the Interactive Media industry median of 2.28. NetEase's overall GF Score™ is 94/100. 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 NetEase (NETTF), the current Earnings Yield (Joel Greenblatt) % is 10.99% 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 NetEase (NETTF) Overvalued in 2026?
Based on GuruFocus' analysis, NetEase stock appears to be overvalued.
The current stock price of $24.26 is trading 2.8% above its estimated GF Value™ of $23.59.
GuruFocus considers NetEase to be Fairly Valued.
Key valuation signals for NETTF:
Earnings Yield (Joel Greenblatt) %: 10.99% (81% above median its 10-year median of 6.07)
GF Value™: $23.59 vs. price of $24.26 (2.8% above fair value)
Industry Position: 382% above the Interactive Media median (#151 of 549)
No single metric tells the full story. See the NETTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in the late 1990s as an internet portal, NetEase has evolved into China's second-largest online gaming company. Its early success was anchored by the massively multiplayer online role-playing game Fantasy Westward Journey, which laid the foundation for a durable franchise strategy. Over the past decade, the company has expanded its portfolio with successful titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which continue to maintain sizable and engaged player bases.In addition to its in-house development capabilities, NetEase partners with global IP holders such as Microsoft and Marvel to develop and publish titles based on established franchises, including World of Warcraft, Diablo Immortal, and Marvel Rivals, further strengthening its global presence.
94GF Score
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