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Iniziative Bresciane SpAMIL:IB -0.57%61 Earnings Yield (Joel Greenblatt) % is 2.78% as of Dec. 2025, which is 33% below its 10-year median of 4.13. GuruFocus rates MIL:IB with a GF Score™ of 61/100 and a GF Value™ of €14.33 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 482 Utilities - Independent Power Producers companies, Iniziative Bresciane SpA ranks worse than 51.45% on this metric.
Iniziative Bresciane SpA's Enterprise Value for the quarter that ended in Dec. 2025 was €156.88 Mil.
Iniziative Bresciane SpA's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €4.36 Mil. Iniziative Bresciane SpA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2025 was 2.78%.
The historical rank and industry rank for Iniziative Bresciane SpA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MIL:IB'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.31 Med: 4.13 Max: 7.13
Current: 3.1
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Iniziative Bresciane SpA was 7.13%. The lowest was 1.31%. And the median was 4.13%.
MIL:IB's Earnings Yield (Joel Greenblatt) % is ranked worse than 51.45% of 482
companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.32
vs MIL:IB: 3.10
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) %. Iniziative Bresciane SpA's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 was -6.74%. 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.
Iniziative Bresciane SpA Earnings Yield (Joel Greenblatt) % Related Terms
Iniziative Bresciane SpA Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Iniziative Bresciane 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 Utilities - Renewable subindustry, Iniziative Bresciane 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.
Iniziative Bresciane SpA Earnings Yield (Joel Greenblatt) % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Iniziative Bresciane SpA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Iniziative Bresciane 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.
Iniziative Bresciane SpAs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
What does a Earnings Yield (Joel Greenblatt) % of 2.78% mean?
Iniziative Bresciane SpA (MIL:IB) has a Earnings Yield (Joel Greenblatt) % of 2.78% as of Dec. 2025. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Iniziative Bresciane SpA and its competitors. This is 33% below median its historical median of 4.13. Over the past decade, Iniziative Bresciane SpA's Earnings Yield (Joel Greenblatt) % has ranged from 1.31 to 7.13. According to the industry distribution chart, Iniziative Bresciane SpA ranks #248 out of 482 companies in the Utilities - Independent Power Producers industry, placing it in the top 51.5%.
Is Iniziative Bresciane SpA's Earnings Yield (Joel Greenblatt) % too high?
Iniziative Bresciane SpA's current Earnings Yield (Joel Greenblatt) % of 2.78% is 33% below median its 10-year median of 4.13. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 7.13. The Utilities - Independent Power Producers industry median Earnings Yield (Joel Greenblatt) % is 3.32. Iniziative Bresciane SpA's value of 2.78% is 16.3% below this industry median. Based on the distribution chart, Iniziative Bresciane SpA ranks #248 out of 482 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Iniziative Bresciane SpA has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Iniziative Bresciane SpA's Earnings Yield (Joel Greenblatt) % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Iniziative Bresciane SpA ranks #248 out of 482 companies for Earnings Yield (Joel Greenblatt) %. This places Iniziative Bresciane SpA in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.32. Iniziative Bresciane SpA's value of 2.78% is 16.3% below this benchmark. Historically, Iniziative Bresciane SpA's own Earnings Yield (Joel Greenblatt) % has ranged from 1.31 to 7.13 over the past decade. While the company's 10-year median is 4.13 vs. the industry median of 3.32, Iniziative Bresciane SpA has consistently been below 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 an Utilities - Independent Power Producers company?
The median Earnings Yield (Joel Greenblatt) % among Utilities - Independent Power Producers companies is 3.32, based on 482 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. Iniziative Bresciane SpA's current Earnings Yield (Joel Greenblatt) % of 2.78% is 16.3% below 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 Iniziative Bresciane SpA and its competitors. For the Utilities - Independent Power Producers industry, the median Earnings Yield (Joel Greenblatt) % is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iniziative Bresciane SpA's current Earnings Yield (Joel Greenblatt) % is 2.78%, which is 33% below median its own 10-year median of 4.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iniziative Bresciane SpA stock overvalued right now?
Based on GuruFocus' analysis, Iniziative Bresciane SpA (MIL:IB) is currently considered Possible Value Trap. The stock's GF Value™ is €14.33, compared to a current price of €8.75 — trading 38.9% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 2.78%, which is 33% below median its 10-year median of 4.13 and 16.3% below the Utilities - Independent Power Producers industry median of 3.32. Iniziative Bresciane SpA's overall GF Score™ is 61/100 with 9 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 Iniziative Bresciane SpA (MIL:IB), the current Earnings Yield (Joel Greenblatt) % is 2.78% 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 Iniziative Bresciane SpA (MIL:IB) Overvalued in 2026?
Based on GuruFocus' analysis, Iniziative Bresciane SpA stock appears to be undervalued.
The current stock price of €8.75 is trading 38.9% below its estimated GF Value™ of €14.33.
GuruFocus considers Iniziative Bresciane SpA to be Possible Value Trap.
Key valuation signals for MIL:IB:
Earnings Yield (Joel Greenblatt) %: 2.78% (33% below median its 10-year median of 4.13)
GF Value™: €14.33 vs. price of €8.75 (38.9% below fair value)
Industry Position: 16.3% below the Utilities - Independent Power Producers median (#248 of 482)
No single metric tells the full story. See the MIL:IB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Iniziative Bresciane SpA is an engineering and construction company. The company design, constructs and operates small and medium-sized hydroelectric plants. The company operates in Italy and its hydroelectric plants are mainly located in the provinces of Brescia, Bergamo, and Cremona.
61GF Score
Get the complete analysis for MIL:IB
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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