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.
UnitedHealth GroupUNH -1.52%78 Earnings Yield (Joel Greenblatt) % is 5.01% as of Jun. 2026, which is 18% below its 10-year median of 6.11. GuruFocus rates UNH with a GF Score™ of 78/100 and a GF Value™ of $592.80 (Significantly Undervalued). The stock has 9 warning signs investors should review. Among 18 Healthcare Plans companies, UnitedHealth Group ranks better than 55.56% on this metric.
UnitedHealth Group's Enterprise Value for the quarter that ended in Jun. 2026 was $425,507 Mil.
UnitedHealth Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $21,334 Mil. UnitedHealth Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 5.01%.
The historical rank and industry rank for UnitedHealth Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
UNH'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.83 Med: 6.11 Max: 11.22
Current: 5.27
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of UnitedHealth Group was 11.22%. The lowest was 3.83%. And the median was 6.11%.
UNH's Earnings Yield (Joel Greenblatt) % is ranked better than 55.56% of 18
companies
in the Healthcare Plans industry
Industry Median: 4.625
vs UNH: 5.27
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) %. UnitedHealth Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 6.91%. 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.
UnitedHealth Group (NYSE:UNH) 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.
UnitedHealth Group Earnings Yield (Joel Greenblatt) % Related Terms
UnitedHealth Group Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for UnitedHealth 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.
UnitedHealth Group Earnings Yield (Joel Greenblatt) % Chart
For the Healthcare Plans subindustry, UnitedHealth 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.
UnitedHealth Group Earnings Yield (Joel Greenblatt) % vs Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, UnitedHealth Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where UnitedHealth Group's Earnings Yield (Joel Greenblatt) % falls into.
UnitedHealth 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.
UnitedHealth Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
UnitedHealth 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 $21,334 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 5.01% mean?
UnitedHealth Group (UNH) has a Earnings Yield (Joel Greenblatt) % of 5.01% 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 UnitedHealth Group and its competitors. This is 18% below median its historical median of 6.11. Over the past decade, UnitedHealth Group's Earnings Yield (Joel Greenblatt) % has ranged from 3.83 to 11.22. According to the industry distribution chart, UnitedHealth Group ranks #8 out of 18 companies in the Healthcare Plans industry, placing it in the top 44.4%.
Is UnitedHealth Group's Earnings Yield (Joel Greenblatt) % too high?
UnitedHealth Group's current Earnings Yield (Joel Greenblatt) % of 5.01% is 18% below median its 10-year median of 6.11. Over the past 10 years, this metric has ranged from a low of 3.83 to a high of 11.22. The Healthcare Plans industry median Earnings Yield (Joel Greenblatt) % is 4.63. UnitedHealth Group's value of 5.01% is 8.3% above this industry median. Based on the distribution chart, UnitedHealth Group ranks #8 out of 18 companies in the Healthcare Plans industry, which is above the industry midpoint. Overall, UnitedHealth Group has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does UnitedHealth Group's Earnings Yield (Joel Greenblatt) % compare to CVS and ELV?
According to the Healthcare Plans industry distribution chart, UnitedHealth Group ranks #8 out of 18 companies for Earnings Yield (Joel Greenblatt) %. This puts UnitedHealth Group in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 4.63. UnitedHealth Group's value of 5.01% is 8.3% above this benchmark. Historically, UnitedHealth Group's own Earnings Yield (Joel Greenblatt) % has ranged from 3.83 to 11.22 over the past decade. While the company's 10-year median is 6.11 vs. the industry median of 4.63, UnitedHealth Group 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 Healthcare Plans company?
The median Earnings Yield (Joel Greenblatt) % among Healthcare Plans companies is 4.63, based on 18 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. UnitedHealth Group's current Earnings Yield (Joel Greenblatt) % of 5.01% is 8.3% 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 UnitedHealth Group and its competitors. For the Healthcare Plans industry, the median Earnings Yield (Joel Greenblatt) % is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UnitedHealth Group's current Earnings Yield (Joel Greenblatt) % is 5.01%, which is 18% below median its own 10-year median of 6.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UnitedHealth Group stock overvalued right now?
Based on GuruFocus' analysis, UnitedHealth Group (UNH) is currently considered Significantly Undervalued. The stock's GF Value™ is $592.80, compared to a current price of $395.62 — trading 33.3% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.01%, which is 18% below median its 10-year median of 6.11 and 8.3% above the Healthcare Plans industry median of 4.63. UnitedHealth Group's overall GF Score™ is 78/100 with 9 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 UnitedHealth Group (UNH), the current Earnings Yield (Joel Greenblatt) % is 5.01% 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 UnitedHealth Group (UNH) Overvalued in 2026?
Based on GuruFocus' analysis, UnitedHealth Group stock appears to be undervalued.
The current stock price of $395.62 is trading 33.3% below its estimated GF Value™ of $592.80.
GuruFocus considers UnitedHealth Group to be Significantly Undervalued.
Key valuation signals for UNH:
Earnings Yield (Joel Greenblatt) %: 5.01% (18% below median its 10-year median of 6.11)
GF Value™: $592.80 vs. price of $395.62 (33.3% below fair value)
Industry Position: 8.3% above the Healthcare Plans median (#8 of 18)
No single metric tells the full story. See the UNH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
UnitedHealth Group is one of the largest private health insurers and provides medical benefits to about 51 million members globally, including 1 million outside the US as of December 2025. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in medical insurance. Along with its insurance assets, UnitedHealth's Optum franchises help create a healthcare services colossus that spans everything from pharmaceutical benefits to providing outpatient care and analytics to affiliates and third parties.
78GF Score
Get the complete analysis for UNH
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
UNH has been successfully added to your 
