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IST:AYES's Earnings Yield (Joel Greenblatt) % is ranked better than 94.15% of 633
companies
in the Steel industry
Industry Median: 4.98
vs IST:AYES: 27.14
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) %. Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 was 14.67%. 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.
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS (IST:AYES) Earnings Yield (Joel Greenblatt) % Explanation
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.
* 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.
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS Earnings Yield (Joel Greenblatt) % Chart
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS Annual Data
For the Steel subindustry, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS'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.
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS Earnings Yield (Joel Greenblatt) % vs Steel Industry
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
What does a Earnings Yield (Joel Greenblatt) % of 38.46% mean?
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS (IST:AYES) has a Earnings Yield (Joel Greenblatt) % of 38.46% as of Dec. 2025. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS and its competitors. This is 133% above median its historical median of 16.54. Over the past decade, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's Earnings Yield (Joel Greenblatt) % has ranged from 4.28 to 39.47. According to the industry distribution chart, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS ranks #37 out of 633 companies in the Steel industry, placing it in the top 5.8%.
Is Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's Earnings Yield (Joel Greenblatt) % too high?
Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's current Earnings Yield (Joel Greenblatt) % of 38.46% is 133% above median its 10-year median of 16.54. Over the past 10 years, this metric has ranged from a low of 4.28 to a high of 39.47. The Steel industry median Earnings Yield (Joel Greenblatt) % is 4.98. Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's value of 38.46% is 672.3% above this industry median. Based on the distribution chart, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS ranks #37 out of 633 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's Earnings Yield (Joel Greenblatt) % compare to NUE and STLD?
According to the Steel industry distribution chart, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS ranks #37 out of 633 companies for Earnings Yield (Joel Greenblatt) %. This places Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS in the top 6% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 4.98. Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's value of 38.46% is 672.3% above this benchmark. Historically, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's own Earnings Yield (Joel Greenblatt) % has ranged from 4.28 to 39.47 over the past decade. While the company's 10-year median is 16.54 vs. the industry median of 4.98, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS 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 a Steel company?
The median Earnings Yield (Joel Greenblatt) % among Steel companies is 4.98, based on 633 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. Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's current Earnings Yield (Joel Greenblatt) % of 38.46% is 672.3% 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 Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS and its competitors. For the Steel industry, the median Earnings Yield (Joel Greenblatt) % is 4.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's current Earnings Yield (Joel Greenblatt) % is 38.46%, which is 133% above median its own 10-year median of 16.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS (IST:AYES) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺13.25, compared to a current price of ₺26.32 — trading 98.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 38.46%, which is 133% above median its 10-year median of 16.54 and 672.3% above the Steel industry median of 4.98. Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS's overall GF Score™ is 66/100 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 Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS (IST:AYES), the current Earnings Yield (Joel Greenblatt) % is 38.46% as of Dec. 2025. 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 Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS (IST:AYES) Overvalued in 2026?
Based on GuruFocus' analysis, Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS stock appears to be overvalued.
The current stock price of ₺26.32 is trading 98.6% above its estimated GF Value™ of ₺13.25.
GuruFocus considers Ayes Akdeniz Yapi Elemanlarinayi ve Ticaret AS to be Significantly Overvalued.
Key valuation signals for IST:AYES:
Earnings Yield (Joel Greenblatt) %: 38.46% (133% above median its 10-year median of 16.54)
GF Value™: ₺13.25 vs. price of ₺26.32 (98.6% above fair value)
Industry Position: 672.3% above the Steel median (#37 of 633)
No single metric tells the full story. See the IST:AYES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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