Deutsche Lufthansa AG (XSWX:LHA) Earnings Yield (Joel Greenblatt) %: 19.69% (As of Mar. 2026) — 17% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

XSWX:LHA Deutsche Lufthansa AG XSWX:LHA
71 GF Score
Price CHF8.08
GF Value CHF7.49
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Deutsche Lufthansa AG Earnings Yield (Joel Greenblatt) %?

Deutsche Lufthansa AG XSWX:LHA -3.53% 71 Earnings Yield (Joel Greenblatt) % is 19.69% as of Mar. 2026, which is 17% above its 10-year median of 16.87. GuruFocus rates XSWX:LHA with a GF Score™ of 71/100 and a GF Value™ of CHF7.49 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,023 Transportation companies, Deutsche Lufthansa AG ranks better than 87.29% on this metric.

Deutsche Lufthansa AG's Enterprise Value for the quarter that ended in Mar. 2026 was CHF13,094 Mil. Deutsche Lufthansa AG's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was CHF2,592 Mil. Deutsche Lufthansa AG's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 19.69%.

The historical rank and industry rank for Deutsche Lufthansa AG's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

XSWX:LHA' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -57.77   Med: 16.87   Max: 40.61
Current: 17.58

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Deutsche Lufthansa AG was 40.61%. The lowest was -57.77%. And the median was 16.87%.

XSWX:LHA's Earnings Yield (Joel Greenblatt) % is ranked better than
87.29% of 1023 companies
in the Transportation industry
Industry Median: 6.85 vs XSWX:LHA: 17.58

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) %. Deutsche Lufthansa AG'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.


Deutsche Lufthansa AG  (XSWX:LHA) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Deutsche Lufthansa AG Earnings Yield (Joel Greenblatt) % Related Terms


Deutsche Lufthansa AG Earnings Yield (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Deutsche Lufthansa 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.

Deutsche Lufthansa AG Earnings Yield (Joel Greenblatt) % Chart

Deutsche Lufthansa AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -13.14 10.64 18.94 16.42 14.90

Deutsche Lufthansa AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.56 18.83 18.94 14.90 19.69

XSWX:LHA vs DAL, UAL, LUV: Earnings Yield (Joel Greenblatt) % Comparison

For the Airlines subindustry, Deutsche Lufthansa 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.


Deutsche Lufthansa AG Earnings Yield (Joel Greenblatt) % vs Transportation Industry

For the Transportation industry and Industrials sector, Deutsche Lufthansa AG's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Deutsche Lufthansa AG's Earnings Yield (Joel Greenblatt) % falls into.


XSWX:LHA
71GF Score
Deutsche Lufthansa AG XSWX:LHA
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deutsche Lufthansa 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.

Deutsche Lufthansa AGs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=2302.052/0
= %

Deutsche Lufthansa 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 CHF2,592 Mil.


What does a Earnings Yield (Joel Greenblatt) % of 19.69% mean?
Deutsche Lufthansa AG (XSWX:LHA) has a Earnings Yield (Joel Greenblatt) % of 19.69% 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 Deutsche Lufthansa AG and its competitors. This is 17% above median its historical median of 16.87. According to the industry distribution chart, Deutsche Lufthansa AG ranks #130 out of 1023 companies in the Transportation industry, placing it in the top 12.7%.
Is Deutsche Lufthansa AG's Earnings Yield (Joel Greenblatt) % too high?
Deutsche Lufthansa AG's current Earnings Yield (Joel Greenblatt) % of 19.69% is 17% above median its 10-year median of 16.87. The Transportation industry median Earnings Yield (Joel Greenblatt) % is 6.85. Deutsche Lufthansa AG's value of 19.69% is 187.4% above this industry median. Based on the distribution chart, Deutsche Lufthansa AG ranks #130 out of 1023 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Deutsche Lufthansa AG has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Deutsche Lufthansa AG's Earnings Yield (Joel Greenblatt) % compare to DAL and UAL?
According to the Transportation industry distribution chart, Deutsche Lufthansa AG ranks #130 out of 1023 companies for Earnings Yield (Joel Greenblatt) %. This places Deutsche Lufthansa AG in the top 13% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 6.85. Deutsche Lufthansa AG's value of 19.69% is 187.4% above this benchmark. While the company's 10-year median is 16.87 vs. the industry median of 6.85, Deutsche Lufthansa 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 Transportation company?
The median Earnings Yield (Joel Greenblatt) % among Transportation companies is 6.85, based on 1,023 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. Deutsche Lufthansa AG's current Earnings Yield (Joel Greenblatt) % of 19.69% is 187.4% 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 Deutsche Lufthansa AG and its competitors. For the Transportation industry, the median Earnings Yield (Joel Greenblatt) % is 6.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deutsche Lufthansa AG's current Earnings Yield (Joel Greenblatt) % is 19.69%, which is 17% above median its own 10-year median of 16.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche Lufthansa AG stock overvalued right now?
Based on GuruFocus' analysis, Deutsche Lufthansa AG (XSWX:LHA) is currently considered Fairly Valued. The stock's GF Value™ is CHF7.49, compared to a current price of CHF8.08 — trading 7.9% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 19.69%, which is 17% above median its 10-year median of 16.87 and 187.4% above the Transportation industry median of 6.85. Deutsche Lufthansa AG's overall GF Score™ is 71/100 with 6 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 Deutsche Lufthansa AG (XSWX:LHA), the current Earnings Yield (Joel Greenblatt) % is 19.69% 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 Deutsche Lufthansa AG (XSWX:LHA) Overvalued in 2026?

Based on GuruFocus' analysis, Deutsche Lufthansa AG stock appears to be overvalued. The current stock price of CHF8.08 is trading 7.9% above its estimated GF Value™ of CHF7.49. GuruFocus considers Deutsche Lufthansa AG to be Fairly Valued.

Key valuation signals for XSWX:LHA:

  • Earnings Yield (Joel Greenblatt) %: 19.69% (17% above median its 10-year median of 16.87)
  • GF Value™: CHF7.49 vs. price of CHF8.08 (7.9% above fair value)
  • GF Score™: 71/100 with 6 warning signs
  • Industry Position: 187.4% above the Transportation median (#130 of 1023)

No single metric tells the full story. See the XSWX:LHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Deutsche Lufthansa AG Business Description

Address Venloer Street 151-153, Cologne, NW, DEU, 50672
Lufthansa AG is a European airline group operating through three primary segments: passenger airlines, logistics (Lufthansa Cargo), and MRO (Lufthansa Technik). The passenger airlines segment includes Lufthansa German Airlines, SWISS, Austrian Airlines, Brussels Airlines, Eurowings, and the equity interest in SunExpress. As of 2025, Lufthansa also holds a 41% stake in ITA Airways, with strategic integration underway.
71GF Score

Get the complete analysis for XSWX:LHA

Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF8.08
Price
CHF7.49
GF Value