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Waystar HoldingWAY +0.91%14 Earnings Yield (Joel Greenblatt) % is 4.45% as of Mar. 2026, which is 65% above its 10-year median of 2.70. GuruFocus rates WAY with a GF Scoreâ„¢ of 14/100. The stock has 3 warning signs investors should review. Among 682 Healthcare Providers & Services companies, Waystar Holding ranks better than 55.87% on this metric.
Waystar Holding's Enterprise Value for the quarter that ended in Mar. 2026 was $5,949 Mil.
Waystar Holding's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $265 Mil. Waystar Holding's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 4.45%.
The historical rank and industry rank for Waystar Holding's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
WAY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.38 Med: 2.7 Max: 5.48
Current: 4.47
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Waystar Holding was 5.48%. The lowest was 1.38%. And the median was 2.70%.
WAY's Earnings Yield (Joel Greenblatt) % is ranked better than 55.87% of 682
companies
in the Healthcare Providers & Services industry
Industry Median: 3.385
vs WAY: 4.47
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) %. Waystar Holding's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.
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.
Waystar Holding Earnings Yield (Joel Greenblatt) % Related Terms
Waystar Holding Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Waystar Holding'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.
WAY vs DOCS, PRVA, HNGE: Earnings Yield (Joel Greenblatt) % Comparison
For the Health Information Services subindustry, Waystar Holding'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.
Waystar Holding Earnings Yield (Joel Greenblatt) % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Waystar Holding's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Waystar Holding'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.
Waystar Holdings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Waystar Holding'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 $265 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 4.45% mean?
Waystar Holding (WAY) has a Earnings Yield (Joel Greenblatt) % of 4.45% 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 Waystar Holding and its competitors. This is 65% above median its historical median of 2.70. Over the past decade, Waystar Holding's Earnings Yield (Joel Greenblatt) % has ranged from 1.38 to 5.48. According to the industry distribution chart, Waystar Holding ranks #301 out of 682 companies in the Healthcare Providers & Services industry, placing it in the top 44.1%.
Is Waystar Holding's Earnings Yield (Joel Greenblatt) % too high?
Waystar Holding's current Earnings Yield (Joel Greenblatt) % of 4.45% is 65% above median its 10-year median of 2.70. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 5.48. The Healthcare Providers & Services industry median Earnings Yield (Joel Greenblatt) % is 3.39. Waystar Holding's value of 4.45% is 31.5% above this industry median. Based on the distribution chart, Waystar Holding ranks #301 out of 682 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Waystar Holding has a GF Scoreâ„¢ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Waystar Holding's Earnings Yield (Joel Greenblatt) % compare to DOCS and PRVA?
According to the Healthcare Providers & Services industry distribution chart, Waystar Holding ranks #301 out of 682 companies for Earnings Yield (Joel Greenblatt) %. This puts Waystar Holding in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.39. Waystar Holding's value of 4.45% is 31.5% above this benchmark. Historically, Waystar Holding's own Earnings Yield (Joel Greenblatt) % has ranged from 1.38 to 5.48 over the past decade. While the company's 10-year median is 2.70 vs. the industry median of 3.39, Waystar Holding 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 Providers & Services company?
The median Earnings Yield (Joel Greenblatt) % among Healthcare Providers & Services companies is 3.39, based on 682 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. Waystar Holding's current Earnings Yield (Joel Greenblatt) % of 4.45% is 31.5% 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 Waystar Holding and its competitors. For the Healthcare Providers & Services industry, the median Earnings Yield (Joel Greenblatt) % is 3.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waystar Holding's current Earnings Yield (Joel Greenblatt) % is 4.45%, which is 65% above median its own 10-year median of 2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waystar Holding stock overvalued right now?
Waystar Holding (WAY) has a current Earnings Yield (Joel Greenblatt) % of 4.45%. The current Earnings Yield (Joel Greenblatt) % is 4.45%, which is 65% above median its 10-year median of 2.70 and 31.5% above the Healthcare Providers & Services industry median of 3.39. Waystar Holding's overall GF Score™ is 14/100 with 3 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 Waystar Holding (WAY), the current Earnings Yield (Joel Greenblatt) % is 4.45% 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.
Waystar Holding Corp is a provider of mission-critical cloud technology to healthcare organizations. Its enterprise-grade platform transforms the complex and disparate processes comprising healthcare payments received by healthcare providers from payers and patients, from pre-service engagement through post-service remittance and reconciliation. its platform enhances data integrity, eliminates manual tasks, and improves claim and billing accuracy, which results in transparency, reduced labor costs, and faster, more accurate reimbursement and cash flow. The market for solutions extends throughout the United States and includes Puerto Rico and other USA Territories.
14GF Score
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