GPI SpA (MIL:GPI) Degree of Operating Leverage : -0.33 (As of Dec. 2025)

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MIL:GPI GPI SpA MIL:GPI
69 GF Score
Price €14.38
GF Value €16.44
Valuation Modestly Undervalued
! 4 Warning Signs
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What is GPI SpA Degree of Operating Leverage?

GPI SpA MIL:GPI +1.84% 69 Degree of Operating Leverage is -0.33 as of Dec. 2025. GuruFocus rates MIL:GPI with a GF Score™ of 69/100 and a GF Value™ of €16.44 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 646 Healthcare Providers & Services companies, GPI SpA ranks better than 65.94% on this metric.

Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. GPI SpA's Degree of Operating Leverage for the quarter that ended in Dec. 2025 was -0.33. The higher Degree of Operating Leverage, the higher operating risk the company will take.

The industry rank for GPI SpA's Degree of Operating Leverage or its related term are showing as below:

MIL:GPI's Degree of Operating Leverage is ranked better than
65.94% of 646 companies
in the Healthcare Providers & Services industry
Industry Median: 0.93 vs MIL:GPI: -0.33

GPI SpA  (MIL:GPI) Degree of Operating Leverage Explanation

Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.

A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.

Be Aware

The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.


GPI SpA Degree of Operating Leverage Related Terms


GPI SpA Degree of Operating Leverage Historical Data

* Premium members only.

The historical data trend for GPI SpA's Degree of Operating Leverage 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.

GPI SpA Degree of Operating Leverage Chart

GPI SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Degree of Operating Leverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.30 -1.04 0.93 4.83 -0.01

GPI SpA Semi-Annual Data
Jun16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Degree of Operating Leverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.20 1.71 4.91 2.69 -0.07

MIL:GPI vs VEEV, BTSG, TEM: Degree of Operating Leverage Comparison

For the Health Information Services subindustry, GPI SpA's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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.


GPI SpA Degree of Operating Leverage vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, GPI SpA's Degree of Operating Leverage distribution charts can be found below:

* The bar in red indicates where GPI SpA's Degree of Operating Leverage falls into.


MIL:GPI
69GF Score
GPI SpA MIL:GPI
Degree of Operating Leverage is just one metric. See GF Score™, valuation, warning signs, and more.
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GPI SpA Degree of Operating Leverage Calculation

GPI SpA's Degree of Operating Leverage for the quarter that ended in Dec. 2025 is calculated as:

Degree of Operating Leverage=% Change in EBIT**/% Change in Revenue
=( 47.602 (Dec. 2025) / 47.621 (Dec. 2024) - 1 )/( 530.247 (Dec. 2025) / 496.883 (Dec. 2024) - 1 )
=-0.0004/0.0671
=-0.01***

* 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.

** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

What does a Degree of Operating Leverage of -0.33 mean?
GPI SpA (MIL:GPI) has a Degree of Operating Leverage of -0.33 as of Dec. 2025. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for GPI SpA and its competitors. According to the industry distribution chart, GPI SpA ranks #220 out of 646 companies in the Healthcare Providers & Services industry, placing it in the top 34.1%.
Is GPI SpA's Degree of Operating Leverage too high?
GPI SpA's current Degree of Operating Leverage is -0.33. Based on the distribution chart, GPI SpA ranks #220 out of 646 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, GPI SpA has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GPI SpA's Degree of Operating Leverage compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, GPI SpA ranks #220 out of 646 companies for Degree of Operating Leverage. This puts GPI SpA in the upper half of its industry. The industry median Degree of Operating Leverage is 0.93. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Operating Leverage for a Healthcare Providers & Services company?
The median Degree of Operating Leverage among Healthcare Providers & Services companies is 0.93, based on 646 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage 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 Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for GPI SpA and its competitors. For the Healthcare Providers & Services industry, the median Degree of Operating Leverage is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GPI SpA's current Degree of Operating Leverage is -0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GPI SpA stock overvalued right now?
Based on GuruFocus' analysis, GPI SpA (MIL:GPI) is currently considered Modestly Undervalued. The stock's GF Value™ is €16.44, compared to a current price of €14.38 — trading 12.5% below its estimated fair value. The current Degree of Operating Leverage is -0.33. GPI SpA's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For GPI SpA (MIL:GPI), the current Degree of Operating Leverage is -0.33 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 GPI SpA (MIL:GPI) Overvalued in 2026?

Based on GuruFocus' analysis, GPI SpA stock appears to be undervalued. The current stock price of €14.38 is trading 12.5% below its estimated GF Value™ of €16.44. GuruFocus considers GPI SpA to be Modestly Undervalued.

Key valuation signals for MIL:GPI:

  • Degree of Operating Leverage: -0.33
  • GF Value™: €16.44 vs. price of €14.38 (12.5% below fair value)
  • GF Score™: 69/100 with 4 warning signs

No single metric tells the full story. See the MIL:GPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GPI SpA Business Description

Other Exchanges Z44:Germany
Address Via Ragazzi del 99, 13, Trento, ITA, 38123
GPI SpA operates in the field of social-healthcare IT services and hi-tech services for health. It provides services in the areas of IT systems, healthcare, pharmacy logistics, electronic payment solutions, and ICT infrastructures and systemic services.
69GF Score

Get the complete analysis for MIL:GPI

Degree of Operating Leverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€14.38
Price
€16.44
GF Value