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CD Projekt RedOTGLY +0.52%79 Earnings Yield (Joel Greenblatt) % is 2.38% as of Mar. 2026, which is 4% below its 10-year median of 2.48. GuruFocus rates OTGLY with a GF Score™ of 79/100 and a GF Value™ of $9.92 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 545 Interactive Media companies, CD Projekt Red ranks worse than 50.28% on this metric.
CD Projekt Red's Enterprise Value for the quarter that ended in Mar. 2026 was $6,256.8 Mil.
CD Projekt Red's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $144.9 Mil. CD Projekt Red's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 2.38%.
The historical rank and industry rank for CD Projekt Red's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
OTGLY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.45 Med: 2.48 Max: 10.46
Current: 2.14
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of CD Projekt Red was 10.46%. The lowest was 0.45%. And the median was 2.48%.
OTGLY's Earnings Yield (Joel Greenblatt) % is ranked worse than 50.28% of 545
companies
in the Interactive Media industry
Industry Median: 2.18
vs OTGLY: 2.14
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) %. CD Projekt Red's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was -7.63%. 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.
CD Projekt Red (OTCPK:OTGLY) 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.
CD Projekt Red Earnings Yield (Joel Greenblatt) % Related Terms
CD Projekt Red Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for CD Projekt Red'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.
CD Projekt Red Earnings Yield (Joel Greenblatt) % Chart
For the Electronic Gaming & Multimedia subindustry, CD Projekt Red'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.
CD Projekt Red Earnings Yield (Joel Greenblatt) % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, CD Projekt Red's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CD Projekt Red's Earnings Yield (Joel Greenblatt) % falls into.
CD Projekt Red 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.
CD Projekt Reds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
CD Projekt Red'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 $144.9 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 2.38% mean?
CD Projekt Red (OTGLY) has a Earnings Yield (Joel Greenblatt) % of 2.38% 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 CD Projekt Red and its competitors. This is near median its historical median of 2.48. Over the past decade, CD Projekt Red's Earnings Yield (Joel Greenblatt) % has ranged from 0.45 to 10.46. According to the industry distribution chart, CD Projekt Red ranks #274 out of 545 companies in the Interactive Media industry, placing it in the top 50.3%.
Is CD Projekt Red's Earnings Yield (Joel Greenblatt) % too high?
CD Projekt Red's current Earnings Yield (Joel Greenblatt) % of 2.38% is near median its 10-year median of 2.48. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 10.46. The Interactive Media industry median Earnings Yield (Joel Greenblatt) % is 2.18. CD Projekt Red's value of 2.38% is 9.2% above this industry median. Based on the distribution chart, CD Projekt Red ranks #274 out of 545 companies in the Interactive Media industry, which is below the industry midpoint. Overall, CD Projekt Red has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CD Projekt Red's Earnings Yield (Joel Greenblatt) % compare to NTES and EA?
According to the Interactive Media industry distribution chart, CD Projekt Red ranks #274 out of 545 companies for Earnings Yield (Joel Greenblatt) %. This places CD Projekt Red in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.18. CD Projekt Red's value of 2.38% is 9.2% above this benchmark. Historically, CD Projekt Red's own Earnings Yield (Joel Greenblatt) % has ranged from 0.45 to 10.46 over the past decade. While the company's 10-year median is 2.48 vs. the industry median of 2.18, CD Projekt Red 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 2.18, based on 545 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. CD Projekt Red's current Earnings Yield (Joel Greenblatt) % of 2.38% is 9.2% 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 CD Projekt Red and its competitors. For the Interactive Media industry, the median Earnings Yield (Joel Greenblatt) % is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CD Projekt Red's current Earnings Yield (Joel Greenblatt) % is 2.38%, which is near median its own 10-year median of 2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CD Projekt Red stock overvalued right now?
Based on GuruFocus' analysis, CD Projekt Red (OTGLY) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.92, compared to a current price of $17.54 — trading 76.8% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 2.38%, which is near median its 10-year median of 2.48 and 9.2% above the Interactive Media industry median of 2.18. CD Projekt Red's overall GF Score™ is 79/100 with 3 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 CD Projekt Red (OTGLY), the current Earnings Yield (Joel Greenblatt) % is 2.38% 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 CD Projekt Red (OTGLY) Overvalued in 2026?
Based on GuruFocus' analysis, CD Projekt Red stock appears to be overvalued.
The current stock price of $17.54 is trading 76.8% above its estimated GF Value™ of $9.92.
GuruFocus considers CD Projekt Red to be Significantly Overvalued.
Key valuation signals for OTGLY:
Earnings Yield (Joel Greenblatt) %: 2.38% (near median its 10-year median of 2.48)
GF Value™: $9.92 vs. price of $17.54 (76.8% above fair value)
Industry Position: 9.2% above the Interactive Media median (#274 of 545)
No single metric tells the full story. See the OTGLY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CD Projekt SA is the holding company of the CD Projekt capital group. The firm, with its subsidiary, develops and publishes video games for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital video game distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from the CD Projekt Red segment.
79GF Score
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