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TOP ShipsTOPS -1.38%53 Earnings Yield (Joel Greenblatt) % is 8.80% as of Dec. 2025, which is 3% below its 10-year median of 9.09. GuruFocus rates TOPS with a GF Score™ of 53/100 and a GF Value™ of $4.18 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,032 Oil & Gas companies, TOP Ships ranks better than 72.09% on this metric.
TOP Ships's Enterprise Value for the quarter that ended in Dec. 2025 was $217.11 Mil.
TOP Ships's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $19.12 Mil. TOP Ships's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2025 was 8.80%.
The historical rank and industry rank for TOP Ships's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TOPS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.39 Med: 9.09 Max: 9.94
Current: 9.53
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of TOP Ships was 9.94%. The lowest was -1.39%. And the median was 9.09%.
TOPS's Earnings Yield (Joel Greenblatt) % is ranked better than 72.09% of 1032
companies
in the Oil & Gas industry
Industry Median: 4.795
vs TOPS: 9.53
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) %. TOP Ships's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 was -9,181.88%. 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.
TOP Ships (AMEX:TOPS) 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.
TOP Ships Earnings Yield (Joel Greenblatt) % Related Terms
TOP Ships Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for TOP Ships'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.
TOP Ships Earnings Yield (Joel Greenblatt) % Chart
For the Oil & Gas Midstream subindustry, TOP Ships'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.
TOP Ships Earnings Yield (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TOP Ships's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TOP Ships's Earnings Yield (Joel Greenblatt) % falls into.
TOP Ships 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.
TOP Shipss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
What does a Earnings Yield (Joel Greenblatt) % of 8.80% mean?
TOP Ships (TOPS) has a Earnings Yield (Joel Greenblatt) % of 8.80% as of Dec. 2025. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on TOP Ships and its competitors. This is near median its historical median of 9.09. According to the industry distribution chart, TOP Ships ranks #288 out of 1032 companies in the Oil & Gas industry, placing it in the top 27.9%.
Is TOP Ships' Earnings Yield (Joel Greenblatt) % too high?
TOP Ships' current Earnings Yield (Joel Greenblatt) % of 8.80% is near median its 10-year median of 9.09. The Oil & Gas industry median Earnings Yield (Joel Greenblatt) % is 4.80. TOP Ships' value of 8.80% is 83.5% above this industry median. Based on the distribution chart, TOP Ships ranks #288 out of 1032 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, TOP Ships has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TOP Ships' Earnings Yield (Joel Greenblatt) % compare to RBNE and CWPE?
According to the Oil & Gas industry distribution chart, TOP Ships ranks #288 out of 1032 companies for Earnings Yield (Joel Greenblatt) %. This puts TOP Ships in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 4.80. TOP Ships' value of 8.80% is 83.5% above this benchmark. While the company's 10-year median is 9.09 vs. the industry median of 4.80, TOP Ships 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 4.80, based on 1,032 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. TOP Ships's current Earnings Yield (Joel Greenblatt) % of 8.80% is 83.5% 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 TOP Ships and its competitors. For the Oil & Gas industry, the median Earnings Yield (Joel Greenblatt) % is 4.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOP Ships's current Earnings Yield (Joel Greenblatt) % is 8.80%, which is near median its own 10-year median of 9.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOP Ships stock overvalued right now?
Based on GuruFocus' analysis, TOP Ships (TOPS) is currently considered Possible Value Trap. The stock's GF Value™ is $4.18, compared to a current price of $0.79 — trading 81% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 8.80%, which is near median its 10-year median of 9.09 and 83.5% above the Oil & Gas industry median of 4.80. TOP Ships' overall GF Score™ is 53/100 with 6 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 TOP Ships (TOPS), the current Earnings Yield (Joel Greenblatt) % is 8.80% as of Dec. 2025. 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 TOP Ships (TOPS) Overvalued in 2026?
Based on GuruFocus' analysis, TOP Ships stock appears to be undervalued.
The current stock price of $0.79 is trading 81% below its estimated GF Value™ of $4.18.
GuruFocus considers TOP Ships to be Possible Value Trap.
Key valuation signals for TOPS:
Earnings Yield (Joel Greenblatt) %: 8.80% (near median its 10-year median of 9.09)
GF Value™: $4.18 vs. price of $0.79 (81% below fair value)
Industry Position: 83.5% above the Oil & Gas median (#288 of 1032)
No single metric tells the full story. See the TOPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOP Ships Inc owns tanker vessels throughout the world. The Company is an international owner and operator of modern, fuel-efficient eco-tanker vessels, focusing on the transportation of crude oil, petroleum products (both clean and dirty), and bulk liquid chemicals. It generates revenue from the Time Charter agreements. The company operates in two reportable segments: (i) the tanker segment and (ii) the megayacht segment.
53GF 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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