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North European Oil Royalty TrustNRT +2.10%76 Earnings Yield (Joel Greenblatt) % is 12.92% as of Apr. 2026, which is 6% above its 10-year median of 12.19. GuruFocus rates NRT with a GF Score™ of 76/100 and a GF Value™ of $7.83 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,033 Oil & Gas companies, North European Oil Royalty Trust ranks better than 80.54% on this metric.
North European Oil Royalty Trust's Enterprise Value for the quarter that ended in Apr. 2026 was $72.10 Mil.
North European Oil Royalty Trust's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 was $9.32 Mil. North European Oil Royalty Trust's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2026 was 12.92%.
The historical rank and industry rank for North European Oil Royalty Trust's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NRT'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.59 Med: 12.19 Max: 45.66
Current: 12.15
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of North European Oil Royalty Trust was 45.66%. The lowest was 3.59%. And the median was 12.19%.
NRT's Earnings Yield (Joel Greenblatt) % is ranked better than 80.54% of 1033
companies
in the Oil & Gas industry
Industry Median: 4.89
vs NRT: 12.15
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) %. North European Oil Royalty Trust's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2026 was 1.08%. 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.
North European Oil Royalty Trust (NYSE:NRT) 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.
North European Oil Royalty Trust Earnings Yield (Joel Greenblatt) % Chart
For the Oil & Gas E&P subindustry, North European Oil Royalty Trust'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.
North European Oil Royalty Trust Earnings Yield (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, North European Oil Royalty Trust's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where North European Oil Royalty Trust's Earnings Yield (Joel Greenblatt) % falls into.
North European Oil Royalty Trust 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.
North European Oil Royalty Trust'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 $9.32 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 12.92% mean?
North European Oil Royalty Trust (NRT) has a Earnings Yield (Joel Greenblatt) % of 12.92% 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 North European Oil Royalty Trust and its competitors. This is near median its historical median of 12.19. Over the past decade, North European Oil Royalty Trust's Earnings Yield (Joel Greenblatt) % has ranged from 3.59 to 45.66. According to the industry distribution chart, North European Oil Royalty Trust ranks #201 out of 1033 companies in the Oil & Gas industry, placing it in the top 19.5%.
Is North European Oil Royalty Trust's Earnings Yield (Joel Greenblatt) % too high?
North European Oil Royalty Trust's current Earnings Yield (Joel Greenblatt) % of 12.92% is near median its 10-year median of 12.19. Over the past 10 years, this metric has ranged from a low of 3.59 to a high of 45.66. The Oil & Gas industry median Earnings Yield (Joel Greenblatt) % is 4.89. North European Oil Royalty Trust's value of 12.92% is 164.2% above this industry median. Based on the distribution chart, North European Oil Royalty Trust ranks #201 out of 1033 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, North European Oil Royalty Trust has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does North European Oil Royalty Trust's Earnings Yield (Joel Greenblatt) % compare to PROP and GLND?
According to the Oil & Gas industry distribution chart, North European Oil Royalty Trust ranks #201 out of 1033 companies for Earnings Yield (Joel Greenblatt) %. This places North European Oil Royalty Trust in the top 20% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 4.89. North European Oil Royalty Trust's value of 12.92% is 164.2% above this benchmark. Historically, North European Oil Royalty Trust's own Earnings Yield (Joel Greenblatt) % has ranged from 3.59 to 45.66 over the past decade. While the company's 10-year median is 12.19 vs. the industry median of 4.89, North European Oil Royalty Trust 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 Oil & Gas company?
The median Earnings Yield (Joel Greenblatt) % among Oil & Gas companies is 4.89, based on 1,033 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. North European Oil Royalty Trust's current Earnings Yield (Joel Greenblatt) % of 12.92% is 164.2% 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 North European Oil Royalty Trust and its competitors. For the Oil & Gas industry, the median Earnings Yield (Joel Greenblatt) % is 4.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North European Oil Royalty Trust's current Earnings Yield (Joel Greenblatt) % is 12.92%, which is near median its own 10-year median of 12.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North European Oil Royalty Trust stock overvalued right now?
Based on GuruFocus' analysis, North European Oil Royalty Trust (NRT) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.83, compared to a current price of $8.77 — trading 12% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 12.92%, which is near median its 10-year median of 12.19 and 164.2% above the Oil & Gas industry median of 4.89. North European Oil Royalty Trust's overall GF Score™ is 76/100 with 3 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 North European Oil Royalty Trust (NRT), the current Earnings Yield (Joel Greenblatt) % is 12.92% 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 North European Oil Royalty Trust (NRT) Overvalued in 2026?
Based on GuruFocus' analysis, North European Oil Royalty Trust stock appears to be overvalued.
The current stock price of $8.77 is trading 12% above its estimated GF Value™ of $7.83.
GuruFocus considers North European Oil Royalty Trust to be Modestly Overvalued.
Key valuation signals for NRT:
Earnings Yield (Joel Greenblatt) %: 12.92% (near median its 10-year median of 12.19)
GF Value™: $7.83 vs. price of $8.77 (12% above fair value)
Industry Position: 164.2% above the Oil & Gas median (#201 of 1033)
No single metric tells the full story. See the NRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
North European Oil Royalty Trust Business Description
North European Oil Royalty Trust holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The properties of the trust are overriding royalty rights on sales of gas, sulfur, and oil under certain concessions or leases in the Federal Republic of Germany. The trust also holds other royalty rights, which are based on leases. It receives various percentages of royalties on the proceeds of the sales of certain products from the areas involved.
76GF Score
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