Compute Joel Greenblatt’s capital-structure-neutral earnings yield: EBIT / Enterprise Value. Pick a ticker for instant auto-fill, or enter your own EBIT and EV.
Inputs
Result
Earnings Yield iEarnings Yield (Greenblatt)Greenblatt’s capital-structure-neutral version of E/P.EY = EBIT / Enterprise Value
0.00%
LowEnter inputs to compute
What this means. Expensive on operating-earnings basis.
Reference
Every input and output on this page, explained in plain English. Hover the info icons in the calculator above to see the same content inline.
Greenblatt’s capital-structure-neutral version of E/P.
Formula
EY = EBIT / Enterprise Value
How to read the result
High5/5
Cheap on operating-earnings basis.
Moderate3/5
Around market average.
Low1/5
Expensive on operating-earnings basis.
Theoretical takeover cost: market cap plus net debt.
Formula
EV = Market Cap + Total Debt − Cash
FAQ
Joel Greenblatt’s capital-structure-neutral version of E/P: EBIT divided by Enterprise Value. It tells you the operating return you would earn buying the entire firm at today’s price.
Educational tool only. The outputs above are produced by a deterministic formula from the values you enter. They are not a recommendation to buy, hold, or sell any security and are not investment advice. Always do your own research and consider consulting a licensed advisor before making investment decisions.
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