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Fiera Milano SpACHIX:FMM 76 Earnings Yield (Joel Greenblatt) % is 19.65% as of Mar. 2026, which is 179% above its 10-year median of 7.04. GuruFocus rates CHIX:FMM with a GF Score™ of 76/100 and a GF Value™ of €2.24. The stock has 3 warning signs investors should review. Among 1,104 Business Services companies, Fiera Milano SpA ranks better than 86.14% on this metric.
Fiera Milano SpA's Enterprise Value for the quarter that ended in Mar. 2026 was €356.9 Mil.
Fiera Milano SpA's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €126.1 Mil. Fiera Milano SpA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 19.65%.
The historical rank and industry rank for Fiera Milano SpA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CHIX:FMm'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -37.58 Med: 7.04 Max: 145.12
Current: 17.89
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Fiera Milano SpA was 145.12%. The lowest was -37.58%. And the median was 7.04%.
CHIX:FMm's Earnings Yield (Joel Greenblatt) % is ranked better than 86.14% of 1104
companies
in the Business Services industry
Industry Median: 6.555
vs CHIX:FMm: 17.89
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) %. Fiera Milano SpA's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 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.
Fiera Milano SpA (CHIX:FMm) 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.
Fiera Milano SpA Earnings Yield (Joel Greenblatt) % Related Terms
Fiera Milano SpA Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Fiera Milano 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.
Fiera Milano SpA Earnings Yield (Joel Greenblatt) % Chart
For the Specialty Business Services subindustry, Fiera Milano 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.
Fiera Milano SpA Earnings Yield (Joel Greenblatt) % vs Business Services Industry
For the Business Services industry and Industrials sector, Fiera Milano SpA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fiera Milano SpA's Earnings Yield (Joel Greenblatt) % falls into.
Fiera Milano SpA 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.
Fiera Milano SpAs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Fiera Milano SpA's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €126.1 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 19.65% mean?
Fiera Milano SpA (CHIX:FMM) has a Earnings Yield (Joel Greenblatt) % of 19.65% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Fiera Milano SpA and its competitors. This is 179% above median its historical median of 7.04. According to the industry distribution chart, Fiera Milano SpA ranks #153 out of 1104 companies in the Business Services industry, placing it in the top 13.9%.
Is Fiera Milano SpA's Earnings Yield (Joel Greenblatt) % too high?
Fiera Milano SpA's current Earnings Yield (Joel Greenblatt) % of 19.65% is 179% above median its 10-year median of 7.04. The Business Services industry median Earnings Yield (Joel Greenblatt) % is 6.56. Fiera Milano SpA's value of 19.65% is 199.8% above this industry median. Based on the distribution chart, Fiera Milano SpA ranks #153 out of 1104 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Fiera Milano SpA has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Fiera Milano SpA's Earnings Yield (Joel Greenblatt) % compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Fiera Milano SpA ranks #153 out of 1104 companies for Earnings Yield (Joel Greenblatt) %. This places Fiera Milano SpA in the top 14% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 6.56. Fiera Milano SpA's value of 19.65% is 199.8% above this benchmark. While the company's 10-year median is 7.04 vs. the industry median of 6.56, Fiera Milano SpA 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 a Business Services company?
The median Earnings Yield (Joel Greenblatt) % among Business Services companies is 6.56, based on 1,104 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. Fiera Milano SpA's current Earnings Yield (Joel Greenblatt) % of 19.65% is 199.8% 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 Fiera Milano SpA and its competitors. For the Business Services industry, the median Earnings Yield (Joel Greenblatt) % is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fiera Milano SpA's current Earnings Yield (Joel Greenblatt) % is 19.65%, which is 179% above median its own 10-year median of 7.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiera Milano SpA stock overvalued right now?
Fiera Milano SpA (CHIX:FMM) has a current Earnings Yield (Joel Greenblatt) % of 19.65%. The stock's GF Value™ is €2.24, compared to a current price of €3.13 — trading 39.7% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 19.65%, which is 179% above median its 10-year median of 7.04 and 199.8% above the Business Services industry median of 6.56. Fiera Milano SpA's overall GF Score™ is 76/100 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 Fiera Milano SpA (CHIX:FMM), the current Earnings Yield (Joel Greenblatt) % is 19.65% as of Mar. 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 Fiera Milano SpA (CHIX:FMM) Overvalued in 2026?
Based on GuruFocus' analysis, Fiera Milano SpA stock appears to be overvalued.
The current stock price of €3.13 is trading 39.7% above its estimated GF Value™ of €2.24.
Key valuation signals for CHIX:FMM:
Earnings Yield (Joel Greenblatt) %: 19.65% (179% above median its 10-year median of 7.04)
GF Value™: €2.24 vs. price of €3.13 (39.7% above fair value)
Industry Position: 199.8% above the Business Services median (#153 of 1104)
No single metric tells the full story. See the CHIX:FMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fiera Milano SpA is a trade fair company. Its operating segments include Italian Exhibitions Business, Foreign Exhibitions Business, Congresses, and Other Sectors. The Italian Exhibitions and Foreign Exhibitions segment covers all activities for organizing and hosting exhibitions and other events in Italy and abroad through the use, promotion, and offer of furnished exhibition spaces, project support, and ancillary services. It also engages in stand-fitting, technical, and exhibition site services. The Congresses segment covers the management of conferences and events. It generates the majority of the revenue from Italian exhibitions segment. Geographically, it operates in Italy and Abroad, where it derives maximum revenue from Italy.
76GF 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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