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Fortum OyjFOJCF 69 Earnings Yield (Joel Greenblatt) % is 5.90% as of Jun. 2026, which is 30% below its 10-year median of 8.48. GuruFocus rates FOJCF with a GF Score™ of 69/100 and a GF Value™ of $14.20 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 482 Utilities - Independent Power Producers companies, Fortum Oyj ranks better than 68.26% on this metric.
Fortum Oyj's Enterprise Value for the quarter that ended in Jun. 2026 was $22,571 Mil.
Fortum Oyj's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $1,373 Mil. Fortum Oyj's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 5.90%.
The historical rank and industry rank for Fortum Oyj's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FOJCF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.4 Med: 8.48 Max: 24.35
Current: 6.13
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Fortum Oyj was 24.35%. The lowest was -1.40%. And the median was 8.48%.
FOJCF's Earnings Yield (Joel Greenblatt) % is ranked better than 68.26% of 482
companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.26
vs FOJCF: 6.13
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) %. Fortum Oyj's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was -22.91%. 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.
Fortum Oyj Earnings Yield (Joel Greenblatt) % Related Terms
Fortum Oyj Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Fortum Oyj'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 Utilities - Renewable subindustry, Fortum Oyj'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.
Fortum Oyj Earnings Yield (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fortum Oyj'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.
Fortum Oyjs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Fortum Oyj's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,373 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 5.90% mean?
Fortum Oyj (FOJCF) has a Earnings Yield (Joel Greenblatt) % of 5.90% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Fortum Oyj and its competitors. This is 30% below median its historical median of 8.48. According to the industry distribution chart, Fortum Oyj ranks #153 out of 482 companies in the Utilities - Independent Power Producers industry, placing it in the top 31.7%.
Is Fortum Oyj's Earnings Yield (Joel Greenblatt) % too high?
Fortum Oyj's current Earnings Yield (Joel Greenblatt) % of 5.90% is 30% below median its 10-year median of 8.48. The Utilities - Independent Power Producers industry median Earnings Yield (Joel Greenblatt) % is 3.26. Fortum Oyj's value of 5.90% is 81% above this industry median. Based on the distribution chart, Fortum Oyj ranks #153 out of 482 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Fortum Oyj has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortum Oyj's Earnings Yield (Joel Greenblatt) % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Fortum Oyj ranks #153 out of 482 companies for Earnings Yield (Joel Greenblatt) %. This puts Fortum Oyj in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.26. Fortum Oyj's value of 5.90% is 81% above this benchmark. While the company's 10-year median is 8.48 vs. the industry median of 3.26, Fortum Oyj 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 Utilities - Independent Power Producers company?
The median Earnings Yield (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 3.26, based on 482 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. Fortum Oyj's current Earnings Yield (Joel Greenblatt) % of 5.90% is 81% 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 Fortum Oyj and its competitors. For the Utilities - Independent Power Producers industry, the median Earnings Yield (Joel Greenblatt) % is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortum Oyj's current Earnings Yield (Joel Greenblatt) % is 5.90%, which is 30% below median its own 10-year median of 8.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortum Oyj stock overvalued right now?
Based on GuruFocus' analysis, Fortum Oyj (FOJCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $14.20, compared to a current price of $22.34 — trading 57.3% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.90%, which is 30% below median its 10-year median of 8.48 and 81% above the Utilities - Independent Power Producers industry median of 3.26. Fortum Oyj's overall GF Score™ is 69/100 with 4 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 Fortum Oyj (FOJCF), the current Earnings Yield (Joel Greenblatt) % is 5.90% as of Jun. 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 Fortum Oyj (FOJCF) Overvalued in 2026?
Based on GuruFocus' analysis, Fortum Oyj stock appears to be overvalued.
The current stock price of $22.34 is trading 57.3% above its estimated GF Value™ of $14.20.
GuruFocus considers Fortum Oyj to be Significantly Overvalued.
Key valuation signals for FOJCF:
Earnings Yield (Joel Greenblatt) %: 5.90% (30% below median its 10-year median of 8.48)
GF Value™: $14.20 vs. price of $22.34 (57.3% above fair value)
Industry Position: 81% above the Utilities - Independent Power Producers median (#153 of 482)
No single metric tells the full story. See the FOJCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortum Oyj is a Finnish energy company that operates power plants that use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.
69GF Score
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