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adidas AGXSWX:ADS +0.68%81 Earnings Yield (Joel Greenblatt) % is 7.58% as of Mar. 2026, which is 65% above its 10-year median of 4.60. GuruFocus rates XSWX:ADS with a GF Score™ of 81/100 and a GF Value™ of CHF201.16 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,068 Manufacturing - Apparel & Accessories companies, adidas AG ranks better than 55.06% on this metric.
adidas AG's Enterprise Value for the quarter that ended in Mar. 2026 was CHF26,121 Mil.
adidas AG's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was CHF2,042 Mil. adidas AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 7.58%.
The historical rank and industry rank for adidas AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XSWX:ADS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.58 Med: 4.6 Max: 7.71
Current: 5.96
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of adidas AG was 7.71%. The lowest was -0.58%. And the median was 4.60%.
XSWX:ADS's Earnings Yield (Joel Greenblatt) % is ranked better than 55.06% of 1068
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.055
vs XSWX:ADS: 5.96
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) %. adidas AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 6.06%. 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.
adidas AG (XSWX:ADS) 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.
adidas AG Earnings Yield (Joel Greenblatt) % Related Terms
adidas AG Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for adidas AG'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.
adidas AG Earnings Yield (Joel Greenblatt) % Chart
For the Footwear & Accessories subindustry, adidas AG'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.
adidas AG Earnings Yield (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, adidas AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where adidas AG's Earnings Yield (Joel Greenblatt) % falls into.
adidas AG 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.
adidas AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
adidas AG'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 CHF2,042 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 7.58% mean?
adidas AG (XSWX:ADS) has a Earnings Yield (Joel Greenblatt) % of 7.58% 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 adidas AG and its competitors. This is 65% above median its historical median of 4.60. According to the industry distribution chart, adidas AG ranks #480 out of 1068 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 44.9%.
Is adidas AG's Earnings Yield (Joel Greenblatt) % too high?
adidas AG's current Earnings Yield (Joel Greenblatt) % of 7.58% is 65% above median its 10-year median of 4.60. The Manufacturing - Apparel & Accessories industry median Earnings Yield (Joel Greenblatt) % is 5.06. adidas AG's value of 7.58% is 50% above this industry median. Based on the distribution chart, adidas AG ranks #480 out of 1068 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, adidas AG has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does adidas AG's Earnings Yield (Joel Greenblatt) % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, adidas AG ranks #480 out of 1068 companies for Earnings Yield (Joel Greenblatt) %. This puts adidas AG in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.06. adidas AG's value of 7.58% is 50% above this benchmark. While the company's 10-year median is 4.60 vs. the industry median of 5.06, adidas AG 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 Manufacturing - Apparel & Accessories company?
The median Earnings Yield (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 5.06, based on 1,068 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. adidas AG's current Earnings Yield (Joel Greenblatt) % of 7.58% is 50% 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 adidas AG and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Earnings Yield (Joel Greenblatt) % is 5.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. adidas AG's current Earnings Yield (Joel Greenblatt) % is 7.58%, which is 65% above median its own 10-year median of 4.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is adidas AG stock overvalued right now?
Based on GuruFocus' analysis, adidas AG (XSWX:ADS) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF201.16, compared to a current price of CHF169.30 — trading 15.8% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 7.58%, which is 65% above median its 10-year median of 4.60 and 50% above the Manufacturing - Apparel & Accessories industry median of 5.06. adidas AG's overall GF Score™ is 81/100 with 1 warning sign 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 adidas AG (XSWX:ADS), the current Earnings Yield (Joel Greenblatt) % is 7.58% 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 adidas AG (XSWX:ADS) Overvalued in 2026?
Based on GuruFocus' analysis, adidas AG stock appears to be undervalued.
The current stock price of CHF169.30 is trading 15.8% below its estimated GF Value™ of CHF201.16.
GuruFocus considers adidas AG to be Modestly Undervalued.
Key valuation signals for XSWX:ADS:
Earnings Yield (Joel Greenblatt) %: 7.58% (65% above median its 10-year median of 4.60)
GF Value™: CHF201.16 vs. price of CHF169.30 (15.8% below fair value)
Industry Position: 50% above the Manufacturing - Apparel & Accessories median (#480 of 1068)
No single metric tells the full story. See the XSWX:ADS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through about 2,000 owned retail stores, 15,000 Adidas-branded franchise stores (including about 8,000 in China), 150,000 wholesale doors, and an owned e-commerce site that is available in 67 countries. The company was founded in 1949 in Germany.
81GF Score
Get the complete analysis for XSWX:ADS
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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