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Icelandair Group hf's Enterprise Value for the quarter that ended in Jun. 2026 was kr62,309 Mil.
Icelandair Group hf's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was kr-1,497 Mil. Icelandair Group hf's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was -2.40%.
The historical rank and industry rank for Icelandair Group hf's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
OISE:ICEAIR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -92.15 Med: 2.63 Max: 22.54
Current: -2.54
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Icelandair Group hf was 22.54%. The lowest was -92.15%. And the median was 2.63%.
OISE:ICEAIR's Earnings Yield (Joel Greenblatt) % is ranked worse than 91.13% of 1037
companies
in the Transportation industry
Industry Median: 6.69
vs OISE:ICEAIR: -2.54
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) %. Icelandair Group hf'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.
Icelandair Group hf (OISE:ICEAIR) 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.
Icelandair Group hf Earnings Yield (Joel Greenblatt) % Related Terms
Icelandair Group hf Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Icelandair Group hf'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.
Icelandair Group hf Earnings Yield (Joel Greenblatt) % Chart
For the Airlines subindustry, Icelandair Group hf'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.
Icelandair Group hf Earnings Yield (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Icelandair Group hf's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Icelandair Group hf's Earnings Yield (Joel Greenblatt) % falls into.
Icelandair Group hf 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.
Icelandair Group hfs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Icelandair Group hf'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 kr-1,497 Mil.
What does a Earnings Yield (Joel Greenblatt) % of -2.40% mean?
Icelandair Group hf (OISE:ICEAIR) has a Earnings Yield (Joel Greenblatt) % of -2.40% 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 Icelandair Group hf and its competitors. According to the industry distribution chart, Icelandair Group hf ranks #945 out of 1037 companies in the Transportation industry, placing it in the top 91.1%.
Is Icelandair Group hf's Earnings Yield (Joel Greenblatt) % too high?
Icelandair Group hf's current Earnings Yield (Joel Greenblatt) % is -2.40%. Based on the distribution chart, Icelandair Group hf ranks #945 out of 1037 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Icelandair Group hf has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Icelandair Group hf's Earnings Yield (Joel Greenblatt) % compare to DAL and UAL?
According to the Transportation industry distribution chart, Icelandair Group hf ranks #945 out of 1037 companies for Earnings Yield (Joel Greenblatt) %. This places Icelandair Group hf in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.69. 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 Transportation company?
The median Earnings Yield (Joel Greenblatt) % among Transportation companies is 6.69, based on 1,037 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. 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 Icelandair Group hf and its competitors. For the Transportation industry, the median Earnings Yield (Joel Greenblatt) % is 6.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icelandair Group hf's current Earnings Yield (Joel Greenblatt) % is -2.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icelandair Group hf stock overvalued right now?
Based on GuruFocus' analysis, Icelandair Group hf (OISE:ICEAIR) is currently considered Possible Value Trap. The stock's GF Value™ is kr1.33, compared to a current price of kr0.68 — trading 48.7% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is -2.40%. Icelandair Group hf's overall GF Score™ is 55/100 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 Icelandair Group hf (OISE:ICEAIR), the current Earnings Yield (Joel Greenblatt) % is -2.40% 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 Icelandair Group hf (OISE:ICEAIR) Overvalued in 2026?
Based on GuruFocus' analysis, Icelandair Group hf stock appears to be undervalued.
The current stock price of kr0.68 is trading 48.7% below its estimated GF Value™ of kr1.33.
GuruFocus considers Icelandair Group hf to be Possible Value Trap.
Key valuation signals for OISE:ICEAIR:
Earnings Yield (Joel Greenblatt) %: -2.40%
GF Value™: kr1.33 vs. price of kr0.68 (48.7% below fair value)
No single metric tells the full story. See the OISE:ICEAIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Icelandair Group hf operates in the international airline sector. Its segment is the Route network, which generates maximum revenue and provides passenger air travel to, from, via, and within Iceland. The Cargo operation offers air-freight services to, from, via, and within Iceland by utilizing capacity within the aircraft of the Icelandair passenger network as well as its own freighter and The Leasing operation, provided by Loftleioir-Icelandic ehf., offers aircraft leasing and consulting services to international passenger airlines and tour operators. The Group operates in North America, which generates maximum revenue, as well as Europe, Iceland, and other regions.
55GF Score
Get the complete analysis for OISE:ICEAIR
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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