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Steven MaddenSHOO +1.52%92 Earnings Yield (Joel Greenblatt) % is 4.32% as of Mar. 2026, which is 41% below its 10-year median of 7.37. GuruFocus rates SHOO with a GF Score™ of 92/100 and a GF Value™ of $49.64 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,071 Manufacturing - Apparel & Accessories companies, Steven Madden ranks worse than 57.42% on this metric.
Steven Madden's Enterprise Value for the quarter that ended in Mar. 2026 was $2,976 Mil.
Steven Madden's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $128 Mil. Steven Madden's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 4.32%.
The historical rank and industry rank for Steven Madden's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SHOO'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.69 Med: 7.37 Max: 15.93
Current: 3.55
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Steven Madden was 15.93%. The lowest was 1.69%. And the median was 7.37%.
SHOO's Earnings Yield (Joel Greenblatt) % is ranked worse than 57.42% of 1071
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.15
vs SHOO: 3.55
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) %. Steven Madden's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 4.95%. 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.
Steven Madden (NAS:SHOO) 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.
Steven Madden Earnings Yield (Joel Greenblatt) % Related Terms
Steven Madden Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Steven Madden'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.
Steven Madden Earnings Yield (Joel Greenblatt) % Chart
For the Footwear & Accessories subindustry, Steven Madden'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.
Steven Madden Earnings Yield (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Steven Madden's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Steven Madden's Earnings Yield (Joel Greenblatt) % falls into.
Steven Madden 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.
Steven Maddens Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Steven Madden'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 $128 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 4.32% mean?
Steven Madden (SHOO) has a Earnings Yield (Joel Greenblatt) % of 4.32% 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 Steven Madden and its competitors. This is 41% below median its historical median of 7.37. Over the past decade, Steven Madden's Earnings Yield (Joel Greenblatt) % has ranged from 1.69 to 15.93. According to the industry distribution chart, Steven Madden ranks #615 out of 1071 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 57.4%.
Is Steven Madden's Earnings Yield (Joel Greenblatt) % too high?
Steven Madden's current Earnings Yield (Joel Greenblatt) % of 4.32% is 41% below median its 10-year median of 7.37. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 15.93. The Manufacturing - Apparel & Accessories industry median Earnings Yield (Joel Greenblatt) % is 5.15. Steven Madden's value of 4.32% is 16.1% below this industry median. Based on the distribution chart, Steven Madden ranks #615 out of 1071 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Steven Madden has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Steven Madden's Earnings Yield (Joel Greenblatt) % compare to WWW and WEYS?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Steven Madden ranks #615 out of 1071 companies for Earnings Yield (Joel Greenblatt) %. This places Steven Madden in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.15. Steven Madden's value of 4.32% is 16.1% below this benchmark. Historically, Steven Madden's own Earnings Yield (Joel Greenblatt) % has ranged from 1.69 to 15.93 over the past decade. While the company's 10-year median is 7.37 vs. the industry median of 5.15, Steven Madden 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 Manufacturing - Apparel & Accessories company?
The median Earnings Yield (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 5.15, based on 1,071 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. Steven Madden's current Earnings Yield (Joel Greenblatt) % of 4.32% is 16.1% 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 Steven Madden and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Earnings Yield (Joel Greenblatt) % is 5.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steven Madden's current Earnings Yield (Joel Greenblatt) % is 4.32%, which is 41% below median its own 10-year median of 7.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steven Madden stock overvalued right now?
Based on GuruFocus' analysis, Steven Madden (SHOO) is currently considered Modestly Undervalued. The stock's GF Value™ is $49.64, compared to a current price of $42.76 — trading 13.9% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 4.32%, which is 41% below median its 10-year median of 7.37 and 16.1% below the Manufacturing - Apparel & Accessories industry median of 5.15. Steven Madden's overall GF Score™ is 92/100 with 6 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 Steven Madden (SHOO), the current Earnings Yield (Joel Greenblatt) % is 4.32% 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 Steven Madden (SHOO) Overvalued in 2026?
Based on GuruFocus' analysis, Steven Madden stock appears to be undervalued.
The current stock price of $42.76 is trading 13.9% below its estimated GF Value™ of $49.64.
GuruFocus considers Steven Madden to be Modestly Undervalued.
Key valuation signals for SHOO:
Earnings Yield (Joel Greenblatt) %: 4.32% (41% below median its 10-year median of 7.37)
GF Value™: $49.64 vs. price of $42.76 (13.9% below fair value)
Industry Position: 16.1% below the Manufacturing - Apparel & Accessories median (#615 of 1071)
No single metric tells the full story. See the SHOO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steven Madden Ltd and its subsidiaries design, source, and market branded and private label footwear, accessories, and apparel. Its offerings include contemporary styles and core products, known for design creativity, trend-right offerings, high quality, and accessible price points. It operates through four segments: Wholesale Footwear, which generates maximum revenue and sells footwear globally; Wholesale Accessories/Apparel, which sells handbags and apparel through wholesale channels; Direct-to-Consumer, which sells footwear, handbags, apparel, and accessories through stores, outlets, e-commerce, and concessions; and Licensing, which licenses Steve Madden, Betsey Johnson, and Kurt Geiger trademarks, with the Company generating the majority of its revenue from the USA.
92GF Score
Get the complete analysis for SHOO
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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