Yikes! Eddie Murphy was named the “Most Overpaid Actor in Hollywood” by Forbes. Do you agree?

Eddie Murphy’s recent string of flops has put him at the top of the Forbes list of 2012′s “Most Overpaid Actors in Hollywood.”

According to Forbes.com:

Poor Eddie Murphy desperately needs a comeback. Remember back in the day when he was so funny on Saturday Night Live and in movies like Trading Places and Beverly Hills Cop? His voice work has helped make movies like Shrek and Mulan tolerable for adults, and even his family-friendly movies, like Norbit and Dr. Dolittle, were good for some chuckles.

But lately, Murphy’s career has just collapsed. Imagine That, A Thousand Words and Meet Dave were colossal flops. Last year’s Tower Heist, which was supposed to be something of a return to form for the comedian, failed to wow at the box office, earning $153 million on an estimated budget of $75 million. (In order to even come close to turning a profit, a movie has to earn twice its production budget in ticket sales, plus the millions spent on marketing.) Murphy then backed out of hosting the Oscars, which didn’t help his reputation.

His string of flops lands Murphy at the top of our Most Overpaid Actors list for 2012. We estimate that for every $1 Murphy was paid for his last three films, they returned an average of $2.30 at the box office.

To compile our list, we used data on actors’ earnings gathered for our Celebrity 100 list. Box office grosses and budget estimates are from Box Office Mojo. We looked at the last three films each actor starred in over the last three years that opened in more than 2,000 theaters, calculating the return on investment for the studios who pay his (or her) salary.

Ranking second behind Murphy is a newcomer to our list: Katherine Heigl. For every dollar she was paid on her last three movies, they earned an average of $3.40.

READ MORE at FORBES.com