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Principal Financial Group's Enterprise Value for the quarter that ended in Jun. 2026 was $28,659 Mil.
Principal Financial Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $1,862 Mil. Principal Financial Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 6.50%.
The historical rank and industry rank for Principal Financial Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
PFG'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0 Med: 0 Max: 7.63
Current: 7.45
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Principal Financial Group was 7.63%. The lowest was 0.00%. And the median was 0.00%.
PFG's Earnings Yield (Joel Greenblatt) % is ranked better than 67.47% of 1623
companies
in the Asset Management industry
Industry Median: 0.76
vs PFG: 7.45
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) %. Principal Financial Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was %. 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.
Principal Financial Group (NAS:PFG) 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.
Principal Financial Group Earnings Yield (Joel Greenblatt) % Related Terms
Principal Financial Group Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Principal Financial Group'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.
Principal Financial Group Earnings Yield (Joel Greenblatt) % Chart
For the Asset Management subindustry, Principal Financial Group'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.
Principal Financial Group Earnings Yield (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Principal Financial Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Principal Financial Group's Earnings Yield (Joel Greenblatt) % falls into.
Principal Financial Group 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.
Principal Financial Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Principal Financial Group'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 $1,862 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 6.50% mean?
Principal Financial Group (PFG) has a Earnings Yield (Joel Greenblatt) % of 6.50% 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 Principal Financial Group and its competitors. According to the industry distribution chart, Principal Financial Group ranks #528 out of 1623 companies in the Asset Management industry, placing it in the top 32.5%.
Is Principal Financial Group's Earnings Yield (Joel Greenblatt) % too high?
Principal Financial Group's current Earnings Yield (Joel Greenblatt) % is 6.50%. The Asset Management industry median Earnings Yield (Joel Greenblatt) % is 0.76. Principal Financial Group's value of 6.50% is 755.3% above this industry median. Based on the distribution chart, Principal Financial Group ranks #528 out of 1623 companies in the Asset Management industry, which is above the industry midpoint. Overall, Principal Financial Group has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Principal Financial Group's Earnings Yield (Joel Greenblatt) % compare to TROW and BEN?
According to the Asset Management industry distribution chart, Principal Financial Group ranks #528 out of 1623 companies for Earnings Yield (Joel Greenblatt) %. This puts Principal Financial Group in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 0.76. Principal Financial Group's value of 6.50% is 755.3% above this benchmark. 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 Asset Management company?
The median Earnings Yield (Joel Greenblatt) % among Asset Management companies is 0.76, based on 1,623 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. Principal Financial Group's current Earnings Yield (Joel Greenblatt) % of 6.50% is 755.3% 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 Principal Financial Group and its competitors. For the Asset Management industry, the median Earnings Yield (Joel Greenblatt) % is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Principal Financial Group's current Earnings Yield (Joel Greenblatt) % is 6.50%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Principal Financial Group stock overvalued right now?
Based on GuruFocus' analysis, Principal Financial Group (PFG) is currently considered Modestly Overvalued. The stock's GF Value™ is $94.58, compared to a current price of $117.68 — trading 24.4% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 6.50% and 755.3% above the Asset Management industry median of 0.76. Principal Financial Group's overall GF Score™ is 70/100 with 5 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 Principal Financial Group (PFG), the current Earnings Yield (Joel Greenblatt) % is 6.50% 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 Principal Financial Group (PFG) Overvalued in 2026?
Based on GuruFocus' analysis, Principal Financial Group stock appears to be overvalued.
The current stock price of $117.68 is trading 24.4% above its estimated GF Value™ of $94.58.
GuruFocus considers Principal Financial Group to be Modestly Overvalued.
Key valuation signals for PFG:
Earnings Yield (Joel Greenblatt) %: 6.50%
GF Value™: $94.58 vs. price of $117.68 (24.4% above fair value)
Industry Position: 755.3% above the Asset Management median (#528 of 1623)
No single metric tells the full story. See the PFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Principal Financial Group Inc is a financial services provider. It offers various financial products and services including retirement, asset management, and workplace benefits and protection solutions to individuals and institutional clients. The company, along with its subsidiaries, operates in the following reportable segments; Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection. Maximum revenue is generated from the Retirement and Income Solutions segment which provides workplace savings and retirement solutions, banking, trust and custodial services, individual variable annuities (including RILAs), pension risk transfer, and investment services to businesses, their employees, and other individuals.
70GF Score
Get the complete analysis for PFG
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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