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ZhihuZH -2.53%57 Earnings Yield (Joel Greenblatt) % is 15.58% as of Mar. 2026, which is 12% below its 10-year median of 17.75. GuruFocus rates ZH with a GF Score™ of 57/100 and a GF Value™ of $3.64 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 545 Interactive Media companies, Zhihu ranks worse than 183486.06% on this metric.
Zhihu's Enterprise Value for the quarter that ended in Mar. 2026 was $-355.1 Mil.
Zhihu's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $-55.3 Mil. Zhihu's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 15.58%.
The historical rank and industry rank for Zhihu's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ZH'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -233817.29 Med: 17.75 Max: 652.67
Current: 16.1
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Zhihu was 652.67%. The lowest was -233817.29%. And the median was 17.75%.
ZH's Earnings Yield (Joel Greenblatt) % is not ranked
in the Interactive Media industry.
Industry Median: 2.37
vs ZH: 16.10
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) %. Zhihu'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.
Zhihu Earnings Yield (Joel Greenblatt) % Related Terms
Zhihu Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Zhihu'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 Internet Content & Information subindustry, Zhihu'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.
Zhihu Earnings Yield (Joel Greenblatt) % vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Zhihu's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Zhihu'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.
Zhihus Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Zhihu'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 $-55.3 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 15.58% mean?
Zhihu (ZH) has a Earnings Yield (Joel Greenblatt) % of 15.58% 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 Zhihu and its competitors. This is 12% below median its historical median of 17.75. According to the industry distribution chart, Zhihu ranks #999999 out of 545 companies in the Interactive Media industry.
Is Zhihu's Earnings Yield (Joel Greenblatt) % too high?
Zhihu's current Earnings Yield (Joel Greenblatt) % of 15.58% is 12% below median its 10-year median of 17.75. The Interactive Media industry median Earnings Yield (Joel Greenblatt) % is 2.37. Zhihu's value of 15.58% is 557.4% above this industry median. Based on the distribution chart, Zhihu ranks #999999 out of 545 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Zhihu has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhihu's Earnings Yield (Joel Greenblatt) % compare to ANGI and ZIP?
According to the Interactive Media industry distribution chart, Zhihu ranks #999999 out of 545 companies for Earnings Yield (Joel Greenblatt) %. This places Zhihu in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.37. Zhihu's value of 15.58% is 557.4% above this benchmark. While the company's 10-year median is 17.75 vs. the industry median of 2.37, Zhihu 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 an Interactive Media company?
The median Earnings Yield (Joel Greenblatt) % among Interactive Media companies is 2.37, based on 545 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. Zhihu's current Earnings Yield (Joel Greenblatt) % of 15.58% is 557.4% 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 Zhihu and its competitors. For the Interactive Media industry, the median Earnings Yield (Joel Greenblatt) % is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhihu's current Earnings Yield (Joel Greenblatt) % is 15.58%, which is 12% below median its own 10-year median of 17.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhihu stock overvalued right now?
Based on GuruFocus' analysis, Zhihu (ZH) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.64, compared to a current price of $3.08 — trading 15.4% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 15.58%, which is 12% below median its 10-year median of 17.75 and 557.4% above the Interactive Media industry median of 2.37. Zhihu's overall GF Score™ is 57/100 with 5 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 Zhihu (ZH), the current Earnings Yield (Joel Greenblatt) % is 15.58% 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 Zhihu (ZH) Overvalued in 2026?
Based on GuruFocus' analysis, Zhihu stock appears to be undervalued.
The current stock price of $3.08 is trading 15.4% below its estimated GF Value™ of $3.64.
GuruFocus considers Zhihu to be Modestly Undervalued.
Key valuation signals for ZH:
Earnings Yield (Joel Greenblatt) %: 15.58% (12% below median its 10-year median of 17.75)
GF Value™: $3.64 vs. price of $3.08 (15.4% below fair value)
Industry Position: 557.4% above the Interactive Media median (#999999 of 545)
No single metric tells the full story. See the ZH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhihu Inc is engaged in the operation of one online content community which monetizes through paid membership services, marketing services and other services in the People's Republic of China. It is an online content community where people come to find solutions, make decisions, seek inspiration, and have fun. Its community supports discussions ranging from everyday consumer decisions, such as purchasing products or planning travel, to more specialized areas on professional knowledge, technological developments including artificial intelligence and academic topics. It operates in single segment and its revenues are derived from within the PRC.
57GF Score
Get the complete analysis for ZH
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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