FinToolSuite

Stock Earnings Yield Calculator

Updated April 17, 2026 · Investing · Educational use only ·

Inverse of P/E ratio — earnings per price.

Calculate stock earnings yield as the inverse of P/E ratio. Instant results from your inputs, with the methodology visible.

What this tool does

Enter P/E ratio. The tool shows earnings yield percentage.


Enter Values

Formula Used
Price-to-earnings ratio

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Disclaimer

Results are estimates for educational purposes only. They do not constitute financial advice. Consult a qualified professional before making financial decisions.

Stock with P/E 20: earnings yield = 1/20 = 5%. Easy comparison to bond yields. When stock earnings yield exceeds bond yield, equities relatively attractive; below, bonds favoured. 'Fed model' uses this comparison.

Quick example

With p/e ratio of 20, the result is 5.00%. Change any figure and watch the output shift — it's often more useful to see the pattern than to memorise the formula.

Why investors run this

Most people's intuition for compounding is wrong — not because the math is hard, but because linear thinking doesn't account for curves. Running numbers through a calculator like this one is the cheapest way to recalibrate that intuition before making an irreversible decision about contribution rate, asset mix, or retirement age.

What this doesn't capture

Steady-rate math ignores real-world volatility. Actual returns are lumpy; sequence-of-returns risk matters most in drawdown; fees and taxes drag on compound growth; and behaviour changes in drawdowns can reduce outcomes below the projection. Treat the number as one scenario, not a forecast.

Where to go next

This calculation rarely sits alone in a planning exercise. If you're running these numbers, you'll probably also want the price to earnings calculator, the equity return calculator, and the margin of safety calculator — each one answers a different question in the same territory. Treating them as a set rather than in isolation usually produces a more honest picture.

Example Scenario

Earnings yield produces a percentage based on the inputs provided.

Inputs

P/E Ratio:20
Expected Result5.00%

This example uses typical values for illustration. Adjust the inputs above to match a specific situation and see how the result changes.

Sources & Methodology

Methodology

Inverse of P/E.

Frequently Asked Questions

Good benchmark?
Historical S&P 500 ~6-7% earnings yield. Below 4% historically expensive. Above 8% historically cheap.
Fed model?
Compares earnings yield to 10-year Treasury. Earnings yield > Treasury yield → stocks 'cheap' vs bonds. Simplistic but useful.
Forward vs trailing?
Forward uses estimated future earnings. Trailing uses historical. Forward often more relevant for decisions.
Quality matters?
Low-quality companies can show high earnings yields but carry distress risk. Filter by profitability and debt.

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