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Fortuna MiningFSM -0.42%92 Earnings Yield (Joel Greenblatt) % is 20.83% as of Mar. 2026, which is 138% above its 10-year median of 8.75. GuruFocus rates FSM with a GF Scoreâ„¢ of 92/100 and a GF Valueâ„¢ of $6.81 (Significantly Overvalued). Among 2,667 Metals & Mining companies, Fortuna Mining ranks better than 96.18% on this metric.
Fortuna Mining's Enterprise Value for the quarter that ended in Mar. 2026 was $2,625 Mil.
Fortuna Mining's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $555 Mil. Fortuna Mining's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 20.83%.
The historical rank and industry rank for Fortuna Mining's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FSM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.79 Med: 8.75 Max: 30.71
Current: 22.27
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Fortuna Mining was 30.71%. The lowest was -12.79%. And the median was 8.75%.
FSM's Earnings Yield (Joel Greenblatt) % is ranked better than 96.18% of 2667
companies
in the Metals & Mining industry
Industry Median: -6.76
vs FSM: 22.27
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) %. Fortuna Mining's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 24.47%. 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.
Fortuna Mining Earnings Yield (Joel Greenblatt) % Related Terms
Fortuna Mining Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Fortuna Mining'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.
FSM vs NEM, AU: Earnings Yield (Joel Greenblatt) % Comparison
For the Gold subindustry, Fortuna Mining'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.
Fortuna Mining Earnings Yield (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fortuna Mining's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fortuna Mining'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.
Fortuna Minings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Fortuna Mining'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 $555 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 20.83% mean?
Fortuna Mining (FSM) has a Earnings Yield (Joel Greenblatt) % of 20.83% 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 Fortuna Mining and its competitors. This is 138% above median its historical median of 8.75. According to the industry distribution chart, Fortuna Mining ranks #102 out of 2667 companies in the Metals & Mining industry, placing it in the top 3.8%.
Is Fortuna Mining's Earnings Yield (Joel Greenblatt) % too high?
Fortuna Mining's current Earnings Yield (Joel Greenblatt) % of 20.83% is 138% above median its 10-year median of 8.75. Based on the distribution chart, Fortuna Mining ranks #102 out of 2667 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Fortuna Mining has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortuna Mining's Earnings Yield (Joel Greenblatt) % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Fortuna Mining ranks #102 out of 2667 companies for Earnings Yield (Joel Greenblatt) %. This places Fortuna Mining in the top 4% of its industry — outperforming the majority of peers. 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 a Metals & Mining company?
A good Earnings Yield (Joel Greenblatt) % depends on the Metals & Mining industry context. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Fortuna Mining and its competitors. Fortuna Mining's current Earnings Yield (Joel Greenblatt) % is 20.83%, which is 138% above median its own 10-year median of 8.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortuna Mining stock overvalued right now?
Based on GuruFocus' analysis, Fortuna Mining (FSM) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.81, compared to a current price of $9.56 — trading 40.4% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 20.83%, which is 138% above median its 10-year median of 8.75. Fortuna Mining's overall GF Score™ is 92/100. 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 Fortuna Mining (FSM), the current Earnings Yield (Joel Greenblatt) % is 20.83% 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 Fortuna Mining (FSM) Overvalued in 2026?
Based on GuruFocus' analysis, Fortuna Mining stock appears to be overvalued.
The current stock price of $9.56 is trading 40.4% above its estimated GF Value™ of $6.81.
GuruFocus considers Fortuna Mining to be Significantly Overvalued.
Key valuation signals for FSM:
Earnings Yield (Joel Greenblatt) %: 20.83% (138% above median its 10-year median of 8.75)
GF Value™: $6.81 vs. price of $9.56 (40.4% above fair value)
No single metric tells the full story. See the FSM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'voire, Mexico, and Peru. The company's segment consists of Mansfield, Sango, Bateas, Corporate. The company generates the majority of its revenue from Sango segment which operates the Seguela gold mine. Geographically, the company generates the majority of its revenue from Cote d' Ivoire location.
92GF Score
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