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.
Emmi AGXSWX:EMMN -1.24%87 Earnings Yield (Joel Greenblatt) % is 6.54% as of Dec. 2025, which is 29% above its 10-year median of 5.07. GuruFocus rates XSWX:EMMN with a GF Score™ of 87/100 and a GF Value™ of CHF965.05 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,032 Consumer Packaged Goods companies, Emmi AG ranks worse than 52.07% on this metric.
Emmi AG's Enterprise Value for the quarter that ended in Dec. 2025 was CHF4,976 Mil.
Emmi AG's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was CHF326 Mil. Emmi AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2025 was 6.54%.
The historical rank and industry rank for Emmi AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XSWX:EMMN'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.08 Med: 5.07 Max: 7.57
Current: 5.68
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Emmi AG was 7.57%. The lowest was 4.08%. And the median was 5.07%.
XSWX:EMMN's Earnings Yield (Joel Greenblatt) % is ranked worse than 52.07% of 2032
companies
in the Consumer Packaged Goods industry
Industry Median: 6.125
vs XSWX:EMMN: 5.68
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) %. Emmi AG's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 was 9.66%. 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.
Emmi AG (XSWX:EMMN) 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.
Emmi AG Earnings Yield (Joel Greenblatt) % Related Terms
Emmi AG Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Emmi 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.
For the Packaged Foods subindustry, Emmi 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.
Emmi AG Earnings Yield (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Emmi AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Emmi AG's Earnings Yield (Joel Greenblatt) % falls into.
Emmi 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.
Emmi AGs 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 6.54% mean?
Emmi AG (XSWX:EMMN) has a Earnings Yield (Joel Greenblatt) % of 6.54% as of Dec. 2025. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Emmi AG and its competitors. This is 29% above median its historical median of 5.07. Over the past decade, Emmi AG's Earnings Yield (Joel Greenblatt) % has ranged from 4.08 to 7.57. According to the industry distribution chart, Emmi AG ranks #1058 out of 2032 companies in the Consumer Packaged Goods industry, placing it in the top 52.1%.
Is Emmi AG's Earnings Yield (Joel Greenblatt) % too high?
Emmi AG's current Earnings Yield (Joel Greenblatt) % of 6.54% is 29% above median its 10-year median of 5.07. Over the past 10 years, this metric has ranged from a low of 4.08 to a high of 7.57. The Consumer Packaged Goods industry median Earnings Yield (Joel Greenblatt) % is 6.13. Emmi AG's value of 6.54% is 6.8% above this industry median. Based on the distribution chart, Emmi AG ranks #1058 out of 2032 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Emmi AG has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Emmi AG's Earnings Yield (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Emmi AG ranks #1058 out of 2032 companies for Earnings Yield (Joel Greenblatt) %. This places Emmi AG in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.13. Emmi AG's value of 6.54% is 6.8% above this benchmark. Historically, Emmi AG's own Earnings Yield (Joel Greenblatt) % has ranged from 4.08 to 7.57 over the past decade. While the company's 10-year median is 5.07 vs. the industry median of 6.13, Emmi 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 Consumer Packaged Goods company?
The median Earnings Yield (Joel Greenblatt) % among Consumer Packaged Goods companies is 6.13, based on 2,032 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. Emmi AG's current Earnings Yield (Joel Greenblatt) % of 6.54% is 6.8% 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 Emmi AG and its competitors. For the Consumer Packaged Goods industry, the median Earnings Yield (Joel Greenblatt) % is 6.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emmi AG's current Earnings Yield (Joel Greenblatt) % is 6.54%, which is 29% above median its own 10-year median of 5.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emmi AG stock overvalued right now?
Based on GuruFocus' analysis, Emmi AG (XSWX:EMMN) is currently considered Fairly Valued. The stock's GF Value™ is CHF965.05, compared to a current price of CHF877.00 — trading 9.1% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 6.54%, which is 29% above median its 10-year median of 5.07 and 6.8% above the Consumer Packaged Goods industry median of 6.13. Emmi AG's overall GF Score™ is 87/100 with 4 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 Emmi AG (XSWX:EMMN), the current Earnings Yield (Joel Greenblatt) % is 6.54% as of Dec. 2025. 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 Emmi AG (XSWX:EMMN) Overvalued in 2026?
Based on GuruFocus' analysis, Emmi AG stock appears to be undervalued.
The current stock price of CHF877.00 is trading 9.1% below its estimated GF Value™ of CHF965.05.
GuruFocus considers Emmi AG to be Fairly Valued.
Key valuation signals for XSWX:EMMN:
Earnings Yield (Joel Greenblatt) %: 6.54% (29% above median its 10-year median of 5.07)
GF Value™: CHF965.05 vs. price of CHF877.00 (9.1% below fair value)
Industry Position: 6.8% above the Consumer Packaged Goods median (#1058 of 2032)
No single metric tells the full story. See the XSWX:EMMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emmi AG is a Swiss dairy products manufacturer. The company generates revenue in Switzerland, the Americas, other European countries, and the rest of the world. By product category, dairy products, cheese, and fresh products are the main segments. The company also offers powder/concentrates among other products/services.
87GF Score
Get the complete analysis for XSWX:EMMN
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
XSWX:EMMN has been successfully added to your 
