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Migros Ticaret ASIST:MGROS -0.88%88 Earnings Yield (Joel Greenblatt) % is 32.79% as of Mar. 2026, which is 69% above its 10-year median of 19.39. GuruFocus rates IST:MGROS with a GF Score™ of 88/100 and a GF Value™ of ₺700.19 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 315 Retail - Defensive companies, Migros Ticaret AS ranks better than 96.51% on this metric.
Migros Ticaret AS's Enterprise Value for the quarter that ended in Mar. 2026 was ₺115,763 Mil.
Migros Ticaret AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₺37,931 Mil. Migros Ticaret AS's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 32.79%.
The historical rank and industry rank for Migros Ticaret AS's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
IST:MGROS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.82 Med: 19.39 Max: 68.88
Current: 31.75
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Migros Ticaret AS was 68.88%. The lowest was -12.82%. And the median was 19.39%.
IST:MGROS's Earnings Yield (Joel Greenblatt) % is ranked better than 96.51% of 315
companies
in the Retail - Defensive industry
Industry Median: 6.3
vs IST:MGROS: 31.75
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) %. Migros Ticaret AS's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 31.62%. 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.
Migros Ticaret AS (IST:MGROS) 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.
Migros Ticaret AS Earnings Yield (Joel Greenblatt) % Related Terms
Migros Ticaret AS Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Migros Ticaret AS'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.
Migros Ticaret AS Earnings Yield (Joel Greenblatt) % Chart
For the Grocery Stores subindustry, Migros 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.
Migros Ticaret AS Earnings Yield (Joel Greenblatt) % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Migros Ticaret AS's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Migros Ticaret AS's Earnings Yield (Joel Greenblatt) % falls into.
Migros 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.
Migros Ticaret ASs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Migros Ticaret AS'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 ₺37,931 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 32.79% mean?
Migros Ticaret AS (IST:MGROS) has a Earnings Yield (Joel Greenblatt) % of 32.79% 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 Migros Ticaret AS and its competitors. This is 69% above median its historical median of 19.39. According to the industry distribution chart, Migros Ticaret AS ranks #11 out of 315 companies in the Retail - Defensive industry, placing it in the top 3.5%.
Is Migros Ticaret AS's Earnings Yield (Joel Greenblatt) % too high?
Migros Ticaret AS's current Earnings Yield (Joel Greenblatt) % of 32.79% is 69% above median its 10-year median of 19.39. The Retail - Defensive industry median Earnings Yield (Joel Greenblatt) % is 6.30. Migros Ticaret AS's value of 32.79% is 420.5% above this industry median. Based on the distribution chart, Migros Ticaret AS ranks #11 out of 315 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Migros Ticaret AS has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Migros Ticaret AS's Earnings Yield (Joel Greenblatt) % compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Migros Ticaret AS ranks #11 out of 315 companies for Earnings Yield (Joel Greenblatt) %. This places Migros Ticaret AS in the top 4% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 6.30. Migros Ticaret AS's value of 32.79% is 420.5% above this benchmark. While the company's 10-year median is 19.39 vs. the industry median of 6.30, Migros 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 Retail - Defensive company?
The median Earnings Yield (Joel Greenblatt) % among Retail - Defensive companies is 6.30, based on 315 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. Migros Ticaret AS's current Earnings Yield (Joel Greenblatt) % of 32.79% is 420.5% 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 Migros Ticaret AS and its competitors. For the Retail - Defensive industry, the median Earnings Yield (Joel Greenblatt) % is 6.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Migros Ticaret AS's current Earnings Yield (Joel Greenblatt) % is 32.79%, which is 69% above median its own 10-year median of 19.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Migros Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Migros Ticaret AS (IST:MGROS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺700.19, compared to a current price of ₺623.00 — trading 11% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 32.79%, which is 69% above median its 10-year median of 19.39 and 420.5% above the Retail - Defensive industry median of 6.30. Migros Ticaret AS's overall GF Score™ is 88/100 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 Migros Ticaret AS (IST:MGROS), the current Earnings Yield (Joel Greenblatt) % is 32.79% 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 Migros Ticaret AS (IST:MGROS) Overvalued in 2026?
Based on GuruFocus' analysis, Migros Ticaret AS stock appears to be undervalued.
The current stock price of ₺623.00 is trading 11% below its estimated GF Value™ of ₺700.19.
GuruFocus considers Migros Ticaret AS to be Modestly Undervalued.
Key valuation signals for IST:MGROS:
Earnings Yield (Joel Greenblatt) %: 32.79% (69% above median its 10-year median of 19.39)
GF Value™: ₺700.19 vs. price of ₺623.00 (11% below fair value)
Industry Position: 420.5% above the Retail - Defensive median (#11 of 315)
No single metric tells the full story. See the IST:MGROS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Migros Ticaret AS is a Turkey-based company that is principally engaged in the retail business. The company also operates in the business lines of online food retailing and ready meals, payment and electronic money services, logistics services, media, shopping center management, and others.
88GF Score
Get the complete analysis for IST:MGROS
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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