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Novatek MicroelectronicsTPE:3034 -0.57%93 Earnings Yield (Joel Greenblatt) % is 7.72% as of Jun. 2026, which is 24% below its 10-year median of 10.20. GuruFocus rates TPE:3034 with a GF Score™ of 93/100 and a GF Value™ of NT$498.46 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,033 Semiconductors companies, Novatek Microelectronics ranks better than 83.74% on this metric.
Novatek Microelectronics's Enterprise Value for the quarter that ended in Jun. 2026 was NT$271,836 Mil.
Novatek Microelectronics's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was NT$20,971 Mil. Novatek Microelectronics's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 7.72%.
The historical rank and industry rank for Novatek Microelectronics's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TPE:3034'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.49 Med: 10.2 Max: 74.5
Current: 7.91
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Novatek Microelectronics was 74.50%. The lowest was 4.49%. And the median was 10.20%.
TPE:3034's Earnings Yield (Joel Greenblatt) % is ranked better than 83.74% of 1033
companies
in the Semiconductors industry
Industry Median: 1.83
vs TPE:3034: 7.91
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) %. Novatek Microelectronics's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was -7.85%. 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.
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.
Novatek Microelectronics Earnings Yield (Joel Greenblatt) % Related Terms
Novatek Microelectronics Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Novatek Microelectronics'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.
For the Semiconductors subindustry, Novatek Microelectronics'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.
Novatek Microelectronics Earnings Yield (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Novatek Microelectronics's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Novatek Microelectronics's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Novatek Microelectronicss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Novatek Microelectronics'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 NT$20,971 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 7.72% mean?
Novatek Microelectronics (TPE:3034) has a Earnings Yield (Joel Greenblatt) % of 7.72% 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 Novatek Microelectronics and its competitors. This is 24% below median its historical median of 10.20. Over the past decade, Novatek Microelectronics' Earnings Yield (Joel Greenblatt) % has ranged from 4.49 to 74.50. According to the industry distribution chart, Novatek Microelectronics ranks #168 out of 1033 companies in the Semiconductors industry, placing it in the top 16.3%.
Is Novatek Microelectronics' Earnings Yield (Joel Greenblatt) % too high?
Novatek Microelectronics' current Earnings Yield (Joel Greenblatt) % of 7.72% is 24% below median its 10-year median of 10.20. Over the past 10 years, this metric has ranged from a low of 4.49 to a high of 74.50. The Semiconductors industry median Earnings Yield (Joel Greenblatt) % is 1.83. Novatek Microelectronics' value of 7.72% is 321.9% above this industry median. Based on the distribution chart, Novatek Microelectronics ranks #168 out of 1033 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Novatek Microelectronics has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Novatek Microelectronics' Earnings Yield (Joel Greenblatt) % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Novatek Microelectronics ranks #168 out of 1033 companies for Earnings Yield (Joel Greenblatt) %. This places Novatek Microelectronics in the top 16% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 1.83. Novatek Microelectronics' value of 7.72% is 321.9% above this benchmark. Historically, Novatek Microelectronics' own Earnings Yield (Joel Greenblatt) % has ranged from 4.49 to 74.50 over the past decade. While the company's 10-year median is 10.20 vs. the industry median of 1.83, Novatek Microelectronics 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 Semiconductors company?
The median Earnings Yield (Joel Greenblatt) % among Semiconductors companies is 1.83, based on 1,033 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. Novatek Microelectronics's current Earnings Yield (Joel Greenblatt) % of 7.72% is 321.9% 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 Novatek Microelectronics and its competitors. For the Semiconductors industry, the median Earnings Yield (Joel Greenblatt) % is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novatek Microelectronics's current Earnings Yield (Joel Greenblatt) % is 7.72%, which is 24% below median its own 10-year median of 10.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novatek Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, Novatek Microelectronics (TPE:3034) is currently considered Fairly Valued. The stock's GF Value™ is NT$498.46, compared to a current price of NT$524.00 — trading 5.1% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 7.72%, which is 24% below median its 10-year median of 10.20 and 321.9% above the Semiconductors industry median of 1.83. Novatek Microelectronics' overall GF Score™ is 93/100 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 Novatek Microelectronics (TPE:3034), the current Earnings Yield (Joel Greenblatt) % is 7.72% 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 Novatek Microelectronics (TPE:3034) Overvalued in 2026?
Based on GuruFocus' analysis, Novatek Microelectronics stock appears to be overvalued.
The current stock price of NT$524.00 is trading 5.1% above its estimated GF Value™ of NT$498.46.
GuruFocus considers Novatek Microelectronics to be Fairly Valued.
Key valuation signals for TPE:3034:
Earnings Yield (Joel Greenblatt) %: 7.72% (24% below median its 10-year median of 10.20)
GF Value™: NT$498.46 vs. price of NT$524.00 (5.1% above fair value)
Industry Position: 321.9% above the Semiconductors median (#168 of 1033)
No single metric tells the full story. See the TPE:3034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Novatek Microelectronics Corp is mainly engaged in researching, developing, manufacturing and sales of integrated circuit chips speech, communication, computer peripheral, LCD driver IC system, embedded MCU, DSP and system. Its products include Large-sized driver IC, Medium-sized driver IC, and Small-sized driver IC. The revenue of the company comes from flat panel display and integrated circuit design products.
93GF 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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