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Patrick IndustriesPATK +4.03%72 Earnings Yield (Joel Greenblatt) % is 5.77% as of Jun. 2026, which is 20% below its 10-year median of 7.24. GuruFocus rates PATK with a GF Score™ of 72/100 and a GF Value™ of $87.70 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,335 Vehicles & Parts companies, Patrick Industries ranks better than 51.24% on this metric.
Patrick Industries's Enterprise Value for the quarter that ended in Jun. 2026 was $4,599 Mil.
Patrick Industries's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $265 Mil. Patrick Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 5.77%.
The historical rank and industry rank for Patrick Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PATK'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.87 Med: 7.24 Max: 20.77
Current: 5.89
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Patrick Industries was 20.77%. The lowest was 3.87%. And the median was 7.24%.
PATK's Earnings Yield (Joel Greenblatt) % is ranked better than 51.24% of 1335
companies
in the Vehicles & Parts industry
Industry Median: 5.89
vs PATK: 5.89
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) %. Patrick Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 4.98%. 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.
Patrick Industries (NAS:PATK) 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.
Patrick Industries Earnings Yield (Joel Greenblatt) % Related Terms
Patrick Industries Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Patrick Industries'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.
Patrick Industries Earnings Yield (Joel Greenblatt) % Chart
For the Recreational Vehicles subindustry, Patrick Industries'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.
Patrick Industries Earnings Yield (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Patrick Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Patrick Industries's Earnings Yield (Joel Greenblatt) % falls into.
Patrick Industries 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.
Patrick Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Patrick Industries'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 $265 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 5.77% mean?
Patrick Industries (PATK) has a Earnings Yield (Joel Greenblatt) % of 5.77% 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 Patrick Industries and its competitors. This is 20% below median its historical median of 7.24. Over the past decade, Patrick Industries' Earnings Yield (Joel Greenblatt) % has ranged from 3.87 to 20.77. According to the industry distribution chart, Patrick Industries ranks #651 out of 1335 companies in the Vehicles & Parts industry, placing it in the top 48.8%.
Is Patrick Industries' Earnings Yield (Joel Greenblatt) % too high?
Patrick Industries' current Earnings Yield (Joel Greenblatt) % of 5.77% is 20% below median its 10-year median of 7.24. Over the past 10 years, this metric has ranged from a low of 3.87 to a high of 20.77. The Vehicles & Parts industry median Earnings Yield (Joel Greenblatt) % is 5.89. Patrick Industries' value of 5.77% is 2% below this industry median. Based on the distribution chart, Patrick Industries ranks #651 out of 1335 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Patrick Industries has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Patrick Industries' Earnings Yield (Joel Greenblatt) % compare to HOG and LCII?
According to the Vehicles & Parts industry distribution chart, Patrick Industries ranks #651 out of 1335 companies for Earnings Yield (Joel Greenblatt) %. This puts Patrick Industries in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.89. Patrick Industries' value of 5.77% is 2% below this benchmark. Historically, Patrick Industries' own Earnings Yield (Joel Greenblatt) % has ranged from 3.87 to 20.77 over the past decade. While the company's 10-year median is 7.24 vs. the industry median of 5.89, Patrick Industries has consistently been below 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 Vehicles & Parts company?
The median Earnings Yield (Joel Greenblatt) % among Vehicles & Parts companies is 5.89, based on 1,335 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. Patrick Industries's current Earnings Yield (Joel Greenblatt) % of 5.77% is 2% below 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 Patrick Industries and its competitors. For the Vehicles & Parts industry, the median Earnings Yield (Joel Greenblatt) % is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patrick Industries's current Earnings Yield (Joel Greenblatt) % is 5.77%, which is 20% below median its own 10-year median of 7.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patrick Industries stock overvalued right now?
Based on GuruFocus' analysis, Patrick Industries (PATK) is currently considered Fairly Valued. The stock's GF Value™ is $87.70, compared to a current price of $87.00 — trading 0.8% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.77%, which is 20% below median its 10-year median of 7.24 and 2% below the Vehicles & Parts industry median of 5.89. Patrick Industries' overall GF Score™ is 72/100 with 7 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 Patrick Industries (PATK), the current Earnings Yield (Joel Greenblatt) % is 5.77% 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 Patrick Industries (PATK) Overvalued in 2026?
Based on GuruFocus' analysis, Patrick Industries stock appears to be undervalued.
The current stock price of $87.00 is trading 0.8% below its estimated GF Value™ of $87.70.
GuruFocus considers Patrick Industries to be Fairly Valued.
Key valuation signals for PATK:
Earnings Yield (Joel Greenblatt) %: 5.77% (20% below median its 10-year median of 7.24)
GF Value™: $87.70 vs. price of $87.00 (0.8% below fair value)
Industry Position: 2% below the Vehicles & Parts median (#651 of 1335)
No single metric tells the full story. See the PATK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patrick Industries Inc is a component solutions provider for the recreational vehicle (RV), marine, powersports, manufactured housing (MH), and various industrial markets, including single and multi-family housing, hospitality, institutional, and commercial markets. The company operates within two reportable segments, Manufacturing and Distribution. The majority of its revenue is generated from the Manufacturing segment, which offers laminated products utilized to produce furniture, shelving, walls, and countertops; fabricated aluminum products; cabinet products, doors, components, and custom cabinetry; interior passage doors and baggage doors; RV and marine furniture, etc. Geographically, the company mainly operates in the United States, with a small presence in Mexico, China, and Canada.
72GF 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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