Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Bharat PetroleumNSE:BPCL -1.36%81 Earnings Yield (Joel Greenblatt) % is 19.69% as of Jun. 2026, which is 32% above its 10-year median of 14.97. GuruFocus rates NSE:BPCL with a GF Score™ of 81/100 and a GF Value™ of ₹352.01 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,036 Oil & Gas companies, Bharat Petroleum ranks better than 83.4% on this metric.
Bharat Petroleum's Enterprise Value for the quarter that ended in Jun. 2026 was ₹1,296,943 Mil.
Bharat Petroleum's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ₹255,265 Mil. Bharat Petroleum's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 19.69%.
The historical rank and industry rank for Bharat Petroleum's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSE:BPCL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.2 Med: 14.97 Max: 44.29
Current: 15.04
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Bharat Petroleum was 44.29%. The lowest was 2.20%. And the median was 14.97%.
NSE:BPCL's Earnings Yield (Joel Greenblatt) % is ranked better than 83.4% of 1036
companies
in the Oil & Gas industry
Industry Median: 5.285
vs NSE:BPCL: 15.04
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) %. Bharat Petroleum's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 0.00%. 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.
Bharat Petroleum Earnings Yield (Joel Greenblatt) % Related Terms
Bharat Petroleum Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Bharat Petroleum'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.
For the Oil & Gas Refining & Marketing subindustry, Bharat Petroleum'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.
Bharat Petroleum Earnings Yield (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Bharat Petroleum's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Bharat Petroleum'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.
Bharat Petroleums Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Bharat Petroleum's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹255,265 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 19.69% mean?
Bharat Petroleum (NSE:BPCL) has a Earnings Yield (Joel Greenblatt) % of 19.69% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Bharat Petroleum and its competitors. This is 32% above median its historical median of 14.97. Over the past decade, Bharat Petroleum's Earnings Yield (Joel Greenblatt) % has ranged from 2.20 to 44.29. According to the industry distribution chart, Bharat Petroleum ranks #172 out of 1036 companies in the Oil & Gas industry, placing it in the top 16.6%.
Is Bharat Petroleum's Earnings Yield (Joel Greenblatt) % too high?
Bharat Petroleum's current Earnings Yield (Joel Greenblatt) % of 19.69% is 32% above median its 10-year median of 14.97. Over the past 10 years, this metric has ranged from a low of 2.20 to a high of 44.29. The Oil & Gas industry median Earnings Yield (Joel Greenblatt) % is 5.29. Bharat Petroleum's value of 19.69% is 272.6% above this industry median. Based on the distribution chart, Bharat Petroleum ranks #172 out of 1036 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Bharat Petroleum has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bharat Petroleum's Earnings Yield (Joel Greenblatt) % compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Bharat Petroleum ranks #172 out of 1036 companies for Earnings Yield (Joel Greenblatt) %. This places Bharat Petroleum in the top 17% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 5.29. Bharat Petroleum's value of 19.69% is 272.6% above this benchmark. Historically, Bharat Petroleum's own Earnings Yield (Joel Greenblatt) % has ranged from 2.20 to 44.29 over the past decade. While the company's 10-year median is 14.97 vs. the industry median of 5.29, Bharat Petroleum 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 5.29, based on 1,036 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. Bharat Petroleum's current Earnings Yield (Joel Greenblatt) % of 19.69% is 272.6% 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 Bharat Petroleum and its competitors. For the Oil & Gas industry, the median Earnings Yield (Joel Greenblatt) % is 5.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Petroleum's current Earnings Yield (Joel Greenblatt) % is 19.69%, which is 32% above median its own 10-year median of 14.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Bharat Petroleum (NSE:BPCL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹352.01, compared to a current price of ₹315.70 — trading 10.3% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 19.69%, which is 32% above median its 10-year median of 14.97 and 272.6% above the Oil & Gas industry median of 5.29. Bharat Petroleum's overall GF Score™ is 81/100 with 5 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 Bharat Petroleum (NSE:BPCL), the current Earnings Yield (Joel Greenblatt) % is 19.69% as of Jun. 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 Bharat Petroleum (NSE:BPCL) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Petroleum stock appears to be undervalued.
The current stock price of ₹315.70 is trading 10.3% below its estimated GF Value™ of ₹352.01.
GuruFocus considers Bharat Petroleum to be Modestly Undervalued.
Key valuation signals for NSE:BPCL:
Earnings Yield (Joel Greenblatt) %: 19.69% (32% above median its 10-year median of 14.97)
GF Value™: ₹352.01 vs. price of ₹315.70 (10.3% below fair value)
Industry Position: 272.6% above the Oil & Gas median (#172 of 1036)
No single metric tells the full story. See the NSE:BPCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Petroleum Corp Ltd operates several refineries in India, while also marketing and distributing petroleum by-products. Operations are divided into the following reportable segments: Downstream Petroleum, and Exploration and Production of Hydrocarbons. Downstream Petroleum operations which generate the majority of its revenue, include the refineries that produce liquefied petroleum gas, aromatics, kerosene, fuel oil, furnace oil, and bitumen. Bharat's petroleum by-products are often commanded by consumers in aviation, autos, maritime, and many other industrial segments. The Downstream Petroleum operations also include the network of retail service stations across India. Geographically, the company derives a majority of its revenue from India and the rest from other countries.
81GF Score
Get the complete analysis for NSE:BPCL
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:BPCL has been successfully added to your 
