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.
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.
Boston Beer CoSAM -2.49%70 Earnings Yield (Joel Greenblatt) % is 6.15% as of Mar. 2026, which is 76% above its 10-year median of 3.50. GuruFocus rates SAM with a GF Score™ of 70/100 and a GF Value™ of $307.13 (Significantly Undervalued). Among 214 Beverages - Alcoholic companies, Boston Beer Co ranks better than 70.09% on this metric.
Boston Beer Co's Enterprise Value for the quarter that ended in Mar. 2026 was $2,269 Mil.
Boston Beer Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $140 Mil. Boston Beer Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 6.15%.
The historical rank and industry rank for Boston Beer Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SAM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.65 Med: 3.5 Max: 9.31
Current: 8.38
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Boston Beer Co was 9.31%. The lowest was -0.65%. And the median was 3.50%.
SAM's Earnings Yield (Joel Greenblatt) % is ranked better than 70.09% of 214
companies
in the Beverages - Alcoholic industry
Industry Median: 5.25
vs SAM: 8.38
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) %. Boston Beer Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 15.95%. 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.
Boston Beer Co (NYSE:SAM) 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.
Boston Beer Co Earnings Yield (Joel Greenblatt) % Related Terms
Boston Beer Co Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Boston Beer Co'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.
Boston Beer Co Earnings Yield (Joel Greenblatt) % Chart
SAM vs TAP, BUD, STZ: Earnings Yield (Joel Greenblatt) % Comparison
For the Beverages - Brewers subindustry, Boston Beer Co'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.
Boston Beer Co Earnings Yield (Joel Greenblatt) % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Boston Beer Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Boston Beer Co's Earnings Yield (Joel Greenblatt) % falls into.
Boston Beer Co 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.
Boston Beer Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Boston Beer Co'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 $140 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 6.15% mean?
Boston Beer Co (SAM) has a Earnings Yield (Joel Greenblatt) % of 6.15% 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 Boston Beer Co and its competitors. This is 76% above median its historical median of 3.50. According to the industry distribution chart, Boston Beer Co ranks #64 out of 214 companies in the Beverages - Alcoholic industry, placing it in the top 29.9%.
Is Boston Beer Co's Earnings Yield (Joel Greenblatt) % too high?
Boston Beer Co's current Earnings Yield (Joel Greenblatt) % of 6.15% is 76% above median its 10-year median of 3.50. The Beverages - Alcoholic industry median Earnings Yield (Joel Greenblatt) % is 5.25. Boston Beer Co's value of 6.15% is 17.1% above this industry median. Based on the distribution chart, Boston Beer Co ranks #64 out of 214 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Boston Beer Co has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Boston Beer Co's Earnings Yield (Joel Greenblatt) % compare to TAP and BUD?
According to the Beverages - Alcoholic industry distribution chart, Boston Beer Co ranks #64 out of 214 companies for Earnings Yield (Joel Greenblatt) %. This puts Boston Beer Co in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.25. Boston Beer Co's value of 6.15% is 17.1% above this benchmark. While the company's 10-year median is 3.50 vs. the industry median of 5.25, Boston Beer Co 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 Beverages - Alcoholic company?
The median Earnings Yield (Joel Greenblatt) % among Beverages - Alcoholic companies is 5.25, based on 214 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. Boston Beer Co's current Earnings Yield (Joel Greenblatt) % of 6.15% is 17.1% 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 Boston Beer Co and its competitors. For the Beverages - Alcoholic industry, the median Earnings Yield (Joel Greenblatt) % is 5.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boston Beer Co's current Earnings Yield (Joel Greenblatt) % is 6.15%, which is 76% above median its own 10-year median of 3.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boston Beer Co stock overvalued right now?
Based on GuruFocus' analysis, Boston Beer Co (SAM) is currently considered Significantly Undervalued. The stock's GF Value™ is $307.13, compared to a current price of $172.39 — trading 43.9% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 6.15%, which is 76% above median its 10-year median of 3.50 and 17.1% above the Beverages - Alcoholic industry median of 5.25. Boston Beer Co's overall GF Score™ is 70/100. 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 Boston Beer Co (SAM), the current Earnings Yield (Joel Greenblatt) % is 6.15% 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 Boston Beer Co (SAM) Overvalued in 2026?
Based on GuruFocus' analysis, Boston Beer Co stock appears to be undervalued.
The current stock price of $172.39 is trading 43.9% below its estimated GF Value™ of $307.13.
GuruFocus considers Boston Beer Co to be Significantly Undervalued.
Key valuation signals for SAM:
Earnings Yield (Joel Greenblatt) %: 6.15% (76% above median its 10-year median of 3.50)
GF Value™: $307.13 vs. price of $172.39 (43.9% below fair value)
Industry Position: 17.1% above the Beverages - Alcoholic median (#64 of 214)
No single metric tells the full story. See the SAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boston Beer is a top player in high-end malt beverages and adjacent categories in the US, with strong positions in craft beer, flavored malt beverages, hard cider, and hard seltzer. The bulk of volume and revenue is concentrated in four brands: Samuel Adams, Angry Orchard, Twisted Tea, and Truly. Beverages are produced using a hybrid model leveraging both in-house capacities and third-party breweries through contract arrangements. While the firm is required to use distributors to reach end markets, including retailers and on-premises operators, it also employs 500 internal sales representatives to educate the market about its products. The firm generates almost all sales in the US.
70GF Score
Get the complete analysis for SAM
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SAM has been successfully added to your 
