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Oil & Natural GasNSE:ONGC -0.57%82 Earnings Yield (Joel Greenblatt) % is 24.27% as of Jun. 2026, which is 26% above its 10-year median of 19.19. GuruFocus rates NSE:ONGC with a GF Score™ of 82/100 and a GF Value™ of ₹295.74 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,035 Oil & Gas companies, Oil & Natural Gas ranks better than 83.38% on this metric.
Oil & Natural Gas's Enterprise Value for the quarter that ended in Jun. 2026 was ₹2,955,108 Mil.
Oil & Natural Gas's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ₹716,680 Mil. Oil & Natural Gas's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 24.27%.
The historical rank and industry rank for Oil & Natural Gas's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSE:ONGC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.69 Med: 19.19 Max: 56.49
Current: 15.2
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Oil & Natural Gas was 56.49%. The lowest was 5.69%. And the median was 19.19%.
NSE:ONGC's Earnings Yield (Joel Greenblatt) % is ranked better than 83.38% of 1035
companies
in the Oil & Gas industry
Industry Median: 5.29
vs NSE:ONGC: 15.20
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) %. Oil & Natural Gas'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.
Oil & Natural Gas Earnings Yield (Joel Greenblatt) % Related Terms
Oil & Natural Gas Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Oil & Natural Gas'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.
Oil & Natural Gas Earnings Yield (Joel Greenblatt) % Chart
NSE:ONGC vs XOM, CVX: Earnings Yield (Joel Greenblatt) % Comparison
For the Oil & Gas Integrated subindustry, Oil & Natural Gas'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.
Oil & Natural Gas Earnings Yield (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Oil & Natural Gas's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Oil & Natural Gas's Earnings Yield (Joel Greenblatt) % falls into.
Oil & Natural Gas 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.
Oil & Natural Gass Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Oil & Natural Gas'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 ₹716,680 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 24.27% mean?
Oil & Natural Gas (NSE:ONGC) has a Earnings Yield (Joel Greenblatt) % of 24.27% 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 Oil & Natural Gas and its competitors. This is 26% above median its historical median of 19.19. Over the past decade, Oil & Natural Gas' Earnings Yield (Joel Greenblatt) % has ranged from 5.69 to 56.49. According to the industry distribution chart, Oil & Natural Gas ranks #172 out of 1035 companies in the Oil & Gas industry, placing it in the top 16.6%.
Is Oil & Natural Gas' Earnings Yield (Joel Greenblatt) % too high?
Oil & Natural Gas' current Earnings Yield (Joel Greenblatt) % of 24.27% is 26% above median its 10-year median of 19.19. Over the past 10 years, this metric has ranged from a low of 5.69 to a high of 56.49. The Oil & Gas industry median Earnings Yield (Joel Greenblatt) % is 5.29. Oil & Natural Gas' value of 24.27% is 358.8% above this industry median. Based on the distribution chart, Oil & Natural Gas ranks #172 out of 1035 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Oil & Natural Gas has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oil & Natural Gas' Earnings Yield (Joel Greenblatt) % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Oil & Natural Gas ranks #172 out of 1035 companies for Earnings Yield (Joel Greenblatt) %. This places Oil & Natural Gas in the top 17% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 5.29. Oil & Natural Gas' value of 24.27% is 358.8% above this benchmark. Historically, Oil & Natural Gas' own Earnings Yield (Joel Greenblatt) % has ranged from 5.69 to 56.49 over the past decade. While the company's 10-year median is 19.19 vs. the industry median of 5.29, Oil & Natural Gas 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 1,035 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. Oil & Natural Gas's current Earnings Yield (Joel Greenblatt) % of 24.27% is 358.8% 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 Oil & Natural Gas 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. Oil & Natural Gas's current Earnings Yield (Joel Greenblatt) % is 24.27%, which is 26% above median its own 10-year median of 19.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oil & Natural Gas stock overvalued right now?
Based on GuruFocus' analysis, Oil & Natural Gas (NSE:ONGC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹295.74, compared to a current price of ₹234.65 — trading 20.7% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 24.27%, which is 26% above median its 10-year median of 19.19 and 358.8% above the Oil & Gas industry median of 5.29. Oil & Natural Gas' overall GF Score™ is 82/100 with 2 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 Oil & Natural Gas (NSE:ONGC), the current Earnings Yield (Joel Greenblatt) % is 24.27% 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 Oil & Natural Gas (NSE:ONGC) Overvalued in 2026?
Based on GuruFocus' analysis, Oil & Natural Gas stock appears to be undervalued.
The current stock price of ₹234.65 is trading 20.7% below its estimated GF Value™ of ₹295.74.
GuruFocus considers Oil & Natural Gas to be Modestly Undervalued.
Key valuation signals for NSE:ONGC:
Earnings Yield (Joel Greenblatt) %: 24.27% (26% above median its 10-year median of 19.19)
GF Value™: ₹295.74 vs. price of ₹234.65 (20.7% below fair value)
Industry Position: 358.8% above the Oil & Gas median (#172 of 1035)
No single metric tells the full story. See the NSE:ONGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oil & Natural Gas Corp Ltd is an Indian-based company. It engaged in the exploration, development, and production of crude oil, natural gas, and value-added products. Along with its subsidiaries, the company operates in the following business segments: Refining and Marketing, which derives maximum revenue, Exploration and Production, and Petrochemicals. Geographically, the group derives maximum revenue from India, from its offshore and onshore activities, and is also involved in exploration and production activities outside India.
82GF Score
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