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Azimut Holding SpACHIX:AZMM 90 Earnings Yield (Joel Greenblatt) % is 14.86% as of Jun. 2026, which is 3% above its 10-year median of 14.45. GuruFocus rates CHIX:AZMM with a GF Score™ of 90/100 and a GF Value™ of €29.79 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,629 Asset Management companies, Azimut Holding SpA ranks better than 89.63% on this metric.
Azimut Holding SpA's Enterprise Value for the quarter that ended in Jun. 2026 was €4,669 Mil.
Azimut Holding SpA's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €690 Mil. Azimut Holding SpA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 14.86%.
The historical rank and industry rank for Azimut Holding SpA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CHIX:AZMm'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.85 Med: 14.45 Max: 35.63
Current: 13.87
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Azimut Holding SpA was 35.63%. The lowest was 5.85%. And the median was 14.45%.
CHIX:AZMm's Earnings Yield (Joel Greenblatt) % is ranked better than 89.63% of 1629
companies
in the Asset Management industry
Industry Median: 0
vs CHIX:AZMm: 13.87
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) %. Azimut Holding SpA's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 9.70%. 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.
Azimut Holding SpA Earnings Yield (Joel Greenblatt) % Related Terms
Azimut Holding SpA Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Azimut Holding SpA'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.
For the Asset Management subindustry, Azimut Holding SpA'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.
Azimut Holding SpA Earnings Yield (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Azimut Holding SpA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Azimut Holding SpA's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Azimut Holding SpAs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Azimut Holding SpA'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 €690 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 14.86% mean?
Azimut Holding SpA (CHIX:AZMM) has a Earnings Yield (Joel Greenblatt) % of 14.86% 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 Azimut Holding SpA and its competitors. This is near median its historical median of 14.45. Over the past decade, Azimut Holding SpA's Earnings Yield (Joel Greenblatt) % has ranged from 5.85 to 35.63. According to the industry distribution chart, Azimut Holding SpA ranks #169 out of 1629 companies in the Asset Management industry, placing it in the top 10.4%.
Is Azimut Holding SpA's Earnings Yield (Joel Greenblatt) % too high?
Azimut Holding SpA's current Earnings Yield (Joel Greenblatt) % of 14.86% is near median its 10-year median of 14.45. Over the past 10 years, this metric has ranged from a low of 5.85 to a high of 35.63. Based on the distribution chart, Azimut Holding SpA ranks #169 out of 1629 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Azimut Holding SpA has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Azimut Holding SpA's Earnings Yield (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Azimut Holding SpA ranks #169 out of 1629 companies for Earnings Yield (Joel Greenblatt) %. This places Azimut Holding SpA in the top 10% of its industry — outperforming the majority of peers. Historically, Azimut Holding SpA's own Earnings Yield (Joel Greenblatt) % has ranged from 5.85 to 35.63 over the past decade. 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 Asset Management company?
A good Earnings Yield (Joel Greenblatt) % depends on the Asset Management industry context. 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 Azimut Holding SpA and its competitors. Azimut Holding SpA's current Earnings Yield (Joel Greenblatt) % is 14.86%, which is near median its own 10-year median of 14.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azimut Holding SpA stock overvalued right now?
Based on GuruFocus' analysis, Azimut Holding SpA (CHIX:AZMM) is currently considered Modestly Overvalued. The stock's GF Value™ is €29.79, compared to a current price of €36.64 — trading 23% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 14.86%, which is near median its 10-year median of 14.45. Azimut Holding SpA's overall GF Score™ is 90/100 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 Azimut Holding SpA (CHIX:AZMM), the current Earnings Yield (Joel Greenblatt) % is 14.86% 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 Azimut Holding SpA (CHIX:AZMM) Overvalued in 2026?
Based on GuruFocus' analysis, Azimut Holding SpA stock appears to be overvalued.
The current stock price of €36.64 is trading 23% above its estimated GF Value™ of €29.79.
GuruFocus considers Azimut Holding SpA to be Modestly Overvalued.
Key valuation signals for CHIX:AZMM:
Earnings Yield (Joel Greenblatt) %: 14.86% (near median its 10-year median of 14.45)
GF Value™: €29.79 vs. price of €36.64 (23% above fair value)
No single metric tells the full story. See the CHIX:AZMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azimut Holding SpA is a large independent asset management firm operating primarily in Italy but with an increasingly global presence. In Italy, its capital management division sells and manages Italian mutual funds, Italian hedge funds, and is active in the discretionary management of individual investment portfolios. Its international business operations involve the sale, management, and distribution of financial and insurance products. Its portfolio solutions encompass a broad array of strategies that cut across various traditional and alternative asset classes. A majority of its revenue is derived from recurring fees from assets under management.
90GF Score
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