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Major Drilling Group InternationalMJDLF +0.87%77 Earnings Yield (Joel Greenblatt) % is 2.67% as of Apr. 2026, which is 17% above its 10-year median of 2.28. GuruFocus rates MJDLF with a GF Score™ of 77/100 and a GF Value™ of $8.33 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,657 Metals & Mining companies, Major Drilling Group International ranks better than 79.56% on this metric.
The historical rank and industry rank for Major Drilling Group International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MJDLF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -20.04 Med: 2.28 Max: 19.46
Current: 2.47
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Major Drilling Group International was 19.46%. The lowest was -20.04%. And the median was 2.28%.
MJDLF's Earnings Yield (Joel Greenblatt) % is ranked better than 79.56% of 2657
companies
in the Metals & Mining industry
Industry Median: -6.45
vs MJDLF: 2.47
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) %. Major Drilling Group International's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2026 was 7.63%. 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.
Major Drilling Group International (OTCPK:MJDLF) 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.
Major Drilling Group International Earnings Yield (Joel Greenblatt) % Chart
Major Drilling Group International Earnings Yield (Joel Greenblatt) % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Major Drilling Group International'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.
Major Drilling Group International Earnings Yield (Joel Greenblatt) % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Major Drilling Group International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Major Drilling Group International's Earnings Yield (Joel Greenblatt) % falls into.
Major Drilling Group International 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.
Major Drilling Group International's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $23.1 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 2.67% mean?
Major Drilling Group International (MJDLF) has a Earnings Yield (Joel Greenblatt) % of 2.67% as of Apr. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Major Drilling Group International and its competitors. This is 17% above median its historical median of 2.28. According to the industry distribution chart, Major Drilling Group International ranks #543 out of 2657 companies in the Metals & Mining industry, placing it in the top 20.4%.
Is Major Drilling Group International's Earnings Yield (Joel Greenblatt) % too high?
Major Drilling Group International's current Earnings Yield (Joel Greenblatt) % of 2.67% is 17% above median its 10-year median of 2.28. Based on the distribution chart, Major Drilling Group International ranks #543 out of 2657 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Major Drilling Group International has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Major Drilling Group International's Earnings Yield (Joel Greenblatt) % compare to competitors?
According to the Metals & Mining industry distribution chart, Major Drilling Group International ranks #543 out of 2657 companies for Earnings Yield (Joel Greenblatt) %. This places Major Drilling Group International in the top 20% 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 Major Drilling Group International and its competitors. Major Drilling Group International's current Earnings Yield (Joel Greenblatt) % is 2.67%, which is 17% above median its own 10-year median of 2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Drilling Group International stock overvalued right now?
Based on GuruFocus' analysis, Major Drilling Group International (MJDLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.33, compared to a current price of $11.63 — trading 39.6% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 2.67%, which is 17% above median its 10-year median of 2.28. Major Drilling Group International's overall GF Score™ is 77/100 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 Major Drilling Group International (MJDLF), the current Earnings Yield (Joel Greenblatt) % is 2.67% as of Apr. 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 Major Drilling Group International (MJDLF) Overvalued in 2026?
Based on GuruFocus' analysis, Major Drilling Group International stock appears to be overvalued.
The current stock price of $11.63 is trading 39.6% above its estimated GF Value™ of $8.33.
GuruFocus considers Major Drilling Group International to be Significantly Overvalued.
Key valuation signals for MJDLF:
Earnings Yield (Joel Greenblatt) %: 2.67% (17% above median its 10-year median of 2.28)
GF Value™: $8.33 vs. price of $11.63 (39.6% above fair value)
No single metric tells the full story. See the MJDLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Drilling Group International Inc consists of contract drilling for companies mainly involved in mining and mineral exploration. The Company has operations in North America, South America, Australia, Asia, and Africa. Its services are Surface Drilling Services, and Underground Drilling Services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which majority of its revenue comes from South and Central America.
77GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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