Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Anima Holding SpAFRA:124 +1.45%76 Earnings Yield (Joel Greenblatt) % is 23.04% as of Jun. 2026, which is 62% above its 10-year median of 14.20. GuruFocus rates FRA:124 with a GF Score™ of 76/100 and a GF Value™ of €6.22 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,632 Asset Management companies, Anima Holding SpA ranks better than 93.75% on this metric.
Anima Holding SpA's Enterprise Value for the quarter that ended in Jun. 2026 was €1,675 Mil.
Anima Holding SpA's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €405 Mil. Anima Holding SpA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 23.04%.
The historical rank and industry rank for Anima Holding SpA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:124'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.56 Med: 14.2 Max: 28.19
Current: 22.62
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Anima Holding SpA was 28.19%. The lowest was 6.56%. And the median was 14.20%.
FRA:124's Earnings Yield (Joel Greenblatt) % is ranked better than 93.75% of 1632
companies
in the Asset Management industry
Industry Median: 0
vs FRA:124: 22.62
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) %. Anima Holding SpA's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 17.72%. 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.
Anima Holding SpA Earnings Yield (Joel Greenblatt) % Related Terms
Anima Holding SpA Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Anima 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, Anima 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.
Anima Holding SpA Earnings Yield (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Anima Holding SpA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Anima 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.
Anima Holding SpAs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Anima 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 €405 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 23.04% mean?
Anima Holding SpA (FRA:124) has a Earnings Yield (Joel Greenblatt) % of 23.04% 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 Anima Holding SpA and its competitors. This is 62% above median its historical median of 14.20. Over the past decade, Anima Holding SpA's Earnings Yield (Joel Greenblatt) % has ranged from 6.56 to 28.19. According to the industry distribution chart, Anima Holding SpA ranks #102 out of 1632 companies in the Asset Management industry, placing it in the top 6.2%.
Is Anima Holding SpA's Earnings Yield (Joel Greenblatt) % too high?
Anima Holding SpA's current Earnings Yield (Joel Greenblatt) % of 23.04% is 62% above median its 10-year median of 14.20. Over the past 10 years, this metric has ranged from a low of 6.56 to a high of 28.19. Based on the distribution chart, Anima Holding SpA ranks #102 out of 1632 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Anima Holding SpA has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anima Holding SpA's Earnings Yield (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Anima Holding SpA ranks #102 out of 1632 companies for Earnings Yield (Joel Greenblatt) %. This places Anima Holding SpA in the top 6% of its industry — outperforming the majority of peers. Historically, Anima Holding SpA's own Earnings Yield (Joel Greenblatt) % has ranged from 6.56 to 28.19 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 Anima Holding SpA and its competitors. Anima Holding SpA's current Earnings Yield (Joel Greenblatt) % is 23.04%, which is 62% above median its own 10-year median of 14.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anima Holding SpA stock overvalued right now?
Based on GuruFocus' analysis, Anima Holding SpA (FRA:124) is currently considered Modestly Overvalued. The stock's GF Value™ is €6.22, compared to a current price of €6.98 — trading 12.2% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 23.04%, which is 62% above median its 10-year median of 14.20. Anima Holding SpA's overall GF Score™ is 76/100 with 4 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 Anima Holding SpA (FRA:124), the current Earnings Yield (Joel Greenblatt) % is 23.04% 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 Anima Holding SpA (FRA:124) Overvalued in 2026?
Based on GuruFocus' analysis, Anima Holding SpA stock appears to be overvalued.
The current stock price of €6.98 is trading 12.2% above its estimated GF Value™ of €6.22.
GuruFocus considers Anima Holding SpA to be Modestly Overvalued.
Key valuation signals for FRA:124:
Earnings Yield (Joel Greenblatt) %: 23.04% (62% above median its 10-year median of 14.20)
GF Value™: €6.22 vs. price of €6.98 (12.2% above fair value)
No single metric tells the full story. See the FRA:124 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anima Holding SpA is one of the Italian independent asset management operators. Anima's offering is composed of Italian mutual funds, open-ended umbrella funds domiciled in Ireland and Luxembourg, and pension funds. The company also offers institutional and private pension funds, as well as private wealth and institutional asset management services.
76GF Score
Get the complete analysis for FRA:124
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:124 has been successfully added to your 
