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Frozen WayWAR:FRW 87 Earnings Yield (Joel Greenblatt) % is -0.47% as of Jun. 2026. GuruFocus rates WAR:FRW with a GF Score™ of 87/100 and a GF Value™ of zł38.90 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 546 Interactive Media companies, Frozen Way ranks worse than 53.66% on this metric.
Frozen Way's Enterprise Value for the quarter that ended in Jun. 2026 was zł-472.32 Mil.
Frozen Way's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was zł2.22 Mil. Frozen Way's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was -0.47%.
The historical rank and industry rank for Frozen Way's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
WAR:FRW'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.47 Med: 14.71 Max: 28.96
Current: -0.47
During the past 6 years, the highest Earnings Yield (Joel Greenblatt) of Frozen Way was 28.96%. The lowest was -0.47%. And the median was 14.71%.
WAR:FRW's Earnings Yield (Joel Greenblatt) % is ranked worse than 53.66% of 546
companies
in the Interactive Media industry
Industry Median: 2.225
vs WAR:FRW: -0.47
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) %. Frozen Way's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 0.00%. 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.
Frozen Way (WAR:FRW) 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.
Frozen Way Earnings Yield (Joel Greenblatt) % Related Terms
Frozen Way Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Frozen Way'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.
Frozen Way Earnings Yield (Joel Greenblatt) % Chart
For the Electronic Gaming & Multimedia subindustry, Frozen Way'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.
Frozen Way Earnings Yield (Joel Greenblatt) % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Frozen Way's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Frozen Way's Earnings Yield (Joel Greenblatt) % falls into.
Frozen Way 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.
Frozen Ways Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
What does a Earnings Yield (Joel Greenblatt) % of -0.47% mean?
Frozen Way (WAR:FRW) has a Earnings Yield (Joel Greenblatt) % of -0.47% 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 Frozen Way and its competitors. According to the industry distribution chart, Frozen Way ranks #293 out of 546 companies in the Interactive Media industry, placing it in the top 53.7%.
Is Frozen Way's Earnings Yield (Joel Greenblatt) % too high?
Frozen Way's current Earnings Yield (Joel Greenblatt) % is -0.47%. Based on the distribution chart, Frozen Way ranks #293 out of 546 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Frozen Way has a GF Score™ of 87/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Frozen Way's Earnings Yield (Joel Greenblatt) % compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, Frozen Way ranks #293 out of 546 companies for Earnings Yield (Joel Greenblatt) %. This places Frozen Way in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.23. 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 Interactive Media company?
The median Earnings Yield (Joel Greenblatt) % among Interactive Media companies is 2.23, based on 546 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. 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 Frozen Way and its competitors. For the Interactive Media industry, the median Earnings Yield (Joel Greenblatt) % is 2.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frozen Way's current Earnings Yield (Joel Greenblatt) % is -0.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frozen Way stock overvalued right now?
Based on GuruFocus' analysis, Frozen Way (WAR:FRW) is currently considered Possible Value Trap. The stock's GF Value™ is zł38.90, compared to a current price of zł26.60 — trading 31.6% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is -0.47%. Frozen Way's overall GF Score™ is 87/100 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 Frozen Way (WAR:FRW), the current Earnings Yield (Joel Greenblatt) % is -0.47% 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 Frozen Way (WAR:FRW) Overvalued in 2026?
Based on GuruFocus' analysis, Frozen Way stock appears to be undervalued.
The current stock price of zł26.60 is trading 31.6% below its estimated GF Value™ of zł38.90.
GuruFocus considers Frozen Way to be Possible Value Trap.
Key valuation signals for WAR:FRW:
Earnings Yield (Joel Greenblatt) %: -0.47%
GF Value™: zł38.90 vs. price of zł26.60 (31.6% below fair value)
No single metric tells the full story. See the WAR:FRW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frozen Way SA is a Poland-based developer of video games. It is an independent game development studio and publisher. Its game portfolio comprises House Flipper Pets, House Flipper VR, and Builder Simulator.
87GF Score
Get the complete analysis for WAR:FRW
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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