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Bristol-Myers Squibb CoXSWX:BMY +1.56%75 Earnings Yield (Joel Greenblatt) % is 7.14% as of Mar. 2026, which is 35% above its 10-year median of 5.27. GuruFocus rates XSWX:BMY with a GF Score™ of 75/100 and a GF Value™ of CHF45.29. The stock has 7 warning signs investors should review. Among 1,011 Drug Manufacturers companies, Bristol-Myers Squibb Co ranks better than 69.73% on this metric.
Bristol-Myers Squibb Co's Enterprise Value for the quarter that ended in Mar. 2026 was CHF126,164 Mil.
Bristol-Myers Squibb Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was CHF9,088 Mil. Bristol-Myers Squibb Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 7.14%.
The historical rank and industry rank for Bristol-Myers Squibb Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XSWX:BMY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.29 Med: 5.27 Max: 11.52
Current: 6.96
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Bristol-Myers Squibb Co was 11.52%. The lowest was -4.29%. And the median was 5.27%.
XSWX:BMY's Earnings Yield (Joel Greenblatt) % is ranked better than 69.73% of 1011
companies
in the Drug Manufacturers industry
Industry Median: 3.33
vs XSWX:BMY: 6.96
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) %. Bristol-Myers Squibb Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 9.03%. 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.
Bristol-Myers Squibb Co (XSWX:BMY) 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.
Bristol-Myers Squibb Co Earnings Yield (Joel Greenblatt) % Related Terms
Bristol-Myers Squibb Co Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Bristol-Myers Squibb Co'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.
Bristol-Myers Squibb Co Earnings Yield (Joel Greenblatt) % Chart
For the Drug Manufacturers - General subindustry, Bristol-Myers Squibb Co'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.
Bristol-Myers Squibb Co Earnings Yield (Joel Greenblatt) % vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Bristol-Myers Squibb Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bristol-Myers Squibb Co's Earnings Yield (Joel Greenblatt) % falls into.
Bristol-Myers Squibb Co 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.
Bristol-Myers Squibb Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Bristol-Myers Squibb Co'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 CHF9,088 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 7.14% mean?
Bristol-Myers Squibb Co (XSWX:BMY) has a Earnings Yield (Joel Greenblatt) % of 7.14% 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 Bristol-Myers Squibb Co and its competitors. This is 35% above median its historical median of 5.27. According to the industry distribution chart, Bristol-Myers Squibb Co ranks #306 out of 1011 companies in the Drug Manufacturers industry, placing it in the top 30.3%.
Is Bristol-Myers Squibb Co's Earnings Yield (Joel Greenblatt) % too high?
Bristol-Myers Squibb Co's current Earnings Yield (Joel Greenblatt) % of 7.14% is 35% above median its 10-year median of 5.27. The Drug Manufacturers industry median Earnings Yield (Joel Greenblatt) % is 3.33. Bristol-Myers Squibb Co's value of 7.14% is 114.4% above this industry median. Based on the distribution chart, Bristol-Myers Squibb Co ranks #306 out of 1011 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Bristol-Myers Squibb Co has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Bristol-Myers Squibb Co's Earnings Yield (Joel Greenblatt) % compare to PFE and GILD?
According to the Drug Manufacturers industry distribution chart, Bristol-Myers Squibb Co ranks #306 out of 1011 companies for Earnings Yield (Joel Greenblatt) %. This puts Bristol-Myers Squibb Co in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.33. Bristol-Myers Squibb Co's value of 7.14% is 114.4% above this benchmark. While the company's 10-year median is 5.27 vs. the industry median of 3.33, Bristol-Myers Squibb Co 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 Drug Manufacturers company?
The median Earnings Yield (Joel Greenblatt) % among Drug Manufacturers companies is 3.33, based on 1,011 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. Bristol-Myers Squibb Co's current Earnings Yield (Joel Greenblatt) % of 7.14% is 114.4% 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 Bristol-Myers Squibb Co and its competitors. For the Drug Manufacturers industry, the median Earnings Yield (Joel Greenblatt) % is 3.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bristol-Myers Squibb Co's current Earnings Yield (Joel Greenblatt) % is 7.14%, which is 35% above median its own 10-year median of 5.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bristol-Myers Squibb Co stock overvalued right now?
Bristol-Myers Squibb Co (XSWX:BMY) has a current Earnings Yield (Joel Greenblatt) % of 7.14%. The stock's GF Value™ is CHF45.29, compared to a current price of CHF51.44 — trading 13.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 7.14%, which is 35% above median its 10-year median of 5.27 and 114.4% above the Drug Manufacturers industry median of 3.33. Bristol-Myers Squibb Co's overall GF Score™ is 75/100 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 Bristol-Myers Squibb Co (XSWX:BMY), the current Earnings Yield (Joel Greenblatt) % is 7.14% 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 Bristol-Myers Squibb Co (XSWX:BMY) Overvalued in 2026?
Based on GuruFocus' analysis, Bristol-Myers Squibb Co stock appears to be overvalued.
The current stock price of CHF51.44 is trading 13.6% above its estimated GF Value™ of CHF45.29.
Key valuation signals for XSWX:BMY:
Earnings Yield (Joel Greenblatt) %: 7.14% (35% above median its 10-year median of 5.27)
GF Value™: CHF45.29 vs. price of CHF51.44 (13.6% above fair value)
Industry Position: 114.4% above the Drug Manufacturers median (#306 of 1011)
No single metric tells the full story. See the XSWX:BMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bristol Myers Squibb discovers, develops, and markets drugs for various therapeutic areas, such as cardiovascular, cancer, and immune disorders. A key focus for Bristol is immuno-oncology, where the firm is a leader in drug development. Bristol derives close to 70% of total sales from the US, showing a higher dependence on the US market than most of its peer group.
75GF Score
Get the complete analysis for XSWX:BMY
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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