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DT MidstreamDTM +1.92%81 Earnings Yield (Joel Greenblatt) % is 4.58% as of Mar. 2026, which is 31% below its 10-year median of 6.64. GuruFocus rates DTM with a GF Score™ of 81/100 and a GF Value™ of $114.36 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,032 Oil & Gas companies, DT Midstream ranks worse than 52.23% on this metric.
DT Midstream's Enterprise Value for the quarter that ended in Mar. 2026 was $17,101 Mil.
DT Midstream's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $783 Mil. DT Midstream's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 4.58%.
The historical rank and industry rank for DT Midstream's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
DTM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.15 Med: 6.64 Max: 7.94
Current: 4.28
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of DT Midstream was 7.94%. The lowest was 4.15%. And the median was 6.64%.
DTM's Earnings Yield (Joel Greenblatt) % is ranked worse than 52.23% of 1032
companies
in the Oil & Gas industry
Industry Median: 4.78
vs DTM: 4.28
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) %. DT Midstream's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 9.10%. 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.
DT Midstream Earnings Yield (Joel Greenblatt) % Related Terms
DT Midstream Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for DT Midstream'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 Oil & Gas Midstream subindustry, DT Midstream'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.
DT Midstream Earnings Yield (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, DT Midstream's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where DT Midstream'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.
DT Midstreams Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
DT Midstream'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 $783 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 4.58% mean?
DT Midstream (DTM) has a Earnings Yield (Joel Greenblatt) % of 4.58% 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 DT Midstream and its competitors. This is 31% below median its historical median of 6.64. Over the past decade, DT Midstream's Earnings Yield (Joel Greenblatt) % has ranged from 4.15 to 7.94. According to the industry distribution chart, DT Midstream ranks #539 out of 1032 companies in the Oil & Gas industry, placing it in the top 52.2%.
Is DT Midstream's Earnings Yield (Joel Greenblatt) % too high?
DT Midstream's current Earnings Yield (Joel Greenblatt) % of 4.58% is 31% below median its 10-year median of 6.64. Over the past 10 years, this metric has ranged from a low of 4.15 to a high of 7.94. The Oil & Gas industry median Earnings Yield (Joel Greenblatt) % is 4.78. DT Midstream's value of 4.58% is 4.2% below this industry median. Based on the distribution chart, DT Midstream ranks #539 out of 1032 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, DT Midstream has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DT Midstream's Earnings Yield (Joel Greenblatt) % compare to PAA and WES?
According to the Oil & Gas industry distribution chart, DT Midstream ranks #539 out of 1032 companies for Earnings Yield (Joel Greenblatt) %. This places DT Midstream in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 4.78. DT Midstream's value of 4.58% is 4.2% below this benchmark. Historically, DT Midstream's own Earnings Yield (Joel Greenblatt) % has ranged from 4.15 to 7.94 over the past decade. While the company's 10-year median is 6.64 vs. the industry median of 4.78, DT Midstream has consistently been below 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 Oil & Gas company?
The median Earnings Yield (Joel Greenblatt) % among Oil & Gas companies is 4.78, based on 1,032 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. DT Midstream's current Earnings Yield (Joel Greenblatt) % of 4.58% is 4.2% below 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 DT Midstream and its competitors. For the Oil & Gas industry, the median Earnings Yield (Joel Greenblatt) % is 4.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DT Midstream's current Earnings Yield (Joel Greenblatt) % is 4.58%, which is 31% below median its own 10-year median of 6.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DT Midstream stock overvalued right now?
Based on GuruFocus' analysis, DT Midstream (DTM) is currently considered Modestly Overvalued. The stock's GF Value™ is $114.36, compared to a current price of $146.19 — trading 27.8% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 4.58%, which is 31% below median its 10-year median of 6.64 and 4.2% below the Oil & Gas industry median of 4.78. DT Midstream's overall GF Score™ is 81/100 with 9 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 DT Midstream (DTM), the current Earnings Yield (Joel Greenblatt) % is 4.58% 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 DT Midstream (DTM) Overvalued in 2026?
Based on GuruFocus' analysis, DT Midstream stock appears to be overvalued.
The current stock price of $146.19 is trading 27.8% above its estimated GF Value™ of $114.36.
GuruFocus considers DT Midstream to be Modestly Overvalued.
Key valuation signals for DTM:
Earnings Yield (Joel Greenblatt) %: 4.58% (31% below median its 10-year median of 6.64)
GF Value™: $114.36 vs. price of $146.19 (27.8% above fair value)
Industry Position: 4.2% below the Oil & Gas median (#539 of 1032)
No single metric tells the full story. See the DTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DT Midstream Inc is an owner, operator, and developer of natural gas midstream interstate and intrastate pipelines; storage and gathering systems; and compression, treatment, and surface facilities. It provides multiple, integrated natural gas services to customers through interstate pipelines, intrastate pipelines, storage systems, lateral pipelines and related treatment plants and compression and surface facilities, and gathering systems and related treatment plants and compression and surface facilities. The segments of the group are Pipeline and Gathering. It generates maximum revenue from pipeline segment that includes interstate pipelines, storage systems, gathering lateral pipelines and compression and surface facilities.
81GF Score
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