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IMD International Medical Devices SpAMIL:IMD +0.83%43 Earnings Yield (Joel Greenblatt) % is 11.70% as of Dec. 2025, which is 25% below its 10-year median of 15.61. GuruFocus rates MIL:IMD with a GF Score™ of 43/100 and a GF Value™ of €1.36 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 849 Medical Devices & Instruments companies, IMD International Medical Devices SpA ranks better than 94.7% on this metric.
The historical rank and industry rank for IMD International Medical Devices SpA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MIL:IMD'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.68 Med: 15.61 Max: 21.62
Current: 15.06
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of IMD International Medical Devices SpA was 21.62%. The lowest was 10.68%. And the median was 15.61%.
MIL:IMD's Earnings Yield (Joel Greenblatt) % is ranked better than 94.7% of 849
companies
in the Medical Devices & Instruments industry
Industry Median: 0.89
vs MIL:IMD: 15.06
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) %. IMD International Medical Devices SpA's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 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.
IMD International Medical Devices SpA (MIL:IMD) 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.
* 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.
IMD International Medical Devices SpA Earnings Yield (Joel Greenblatt) % Chart
IMD International Medical Devices SpA Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Earnings Yield (Joel Greenblatt) %
0.00
0.00
12.69
20.70
11.70
IMD International Medical Devices SpA Semi-Annual Data
For the Medical Devices subindustry, IMD International Medical Devices 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.
IMD International Medical Devices SpA Earnings Yield (Joel Greenblatt) % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, IMD International Medical Devices SpA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where IMD International Medical Devices SpA's Earnings Yield (Joel Greenblatt) % falls into.
IMD International Medical Devices 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.
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 11.70% mean?
IMD International Medical Devices SpA (MIL:IMD) has a Earnings Yield (Joel Greenblatt) % of 11.70% 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 IMD International Medical Devices SpA and its competitors. This is 25% below median its historical median of 15.61. Over the past decade, IMD International Medical Devices SpA's Earnings Yield (Joel Greenblatt) % has ranged from 10.68 to 21.62. According to the industry distribution chart, IMD International Medical Devices SpA ranks #45 out of 849 companies in the Medical Devices & Instruments industry, placing it in the top 5.3%.
Is IMD International Medical Devices SpA's Earnings Yield (Joel Greenblatt) % too high?
IMD International Medical Devices SpA's current Earnings Yield (Joel Greenblatt) % of 11.70% is 25% below median its 10-year median of 15.61. Over the past 10 years, this metric has ranged from a low of 10.68 to a high of 21.62. The Medical Devices & Instruments industry median Earnings Yield (Joel Greenblatt) % is 0.89. IMD International Medical Devices SpA's value of 11.70% is 1214.6% above this industry median. Based on the distribution chart, IMD International Medical Devices SpA ranks #45 out of 849 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, IMD International Medical Devices SpA has a GF Score™ of 43/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IMD International Medical Devices SpA's Earnings Yield (Joel Greenblatt) % compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, IMD International Medical Devices SpA ranks #45 out of 849 companies for Earnings Yield (Joel Greenblatt) %. This places IMD International Medical Devices SpA in the top 5% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 0.89. IMD International Medical Devices SpA's value of 11.70% is 1214.6% above this benchmark. Historically, IMD International Medical Devices SpA's own Earnings Yield (Joel Greenblatt) % has ranged from 10.68 to 21.62 over the past decade. While the company's 10-year median is 15.61 vs. the industry median of 0.89, IMD International Medical Devices 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 Medical Devices & Instruments company?
The median Earnings Yield (Joel Greenblatt) % among Medical Devices & Instruments companies is 0.89, based on 849 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. IMD International Medical Devices SpA's current Earnings Yield (Joel Greenblatt) % of 11.70% is 1214.6% 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 IMD International Medical Devices SpA and its competitors. For the Medical Devices & Instruments industry, the median Earnings Yield (Joel Greenblatt) % is 0.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IMD International Medical Devices SpA's current Earnings Yield (Joel Greenblatt) % is 11.70%, which is 25% below median its own 10-year median of 15.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IMD International Medical Devices SpA stock overvalued right now?
Based on GuruFocus' analysis, IMD International Medical Devices SpA (MIL:IMD) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.36, compared to a current price of €1.21 — trading 11% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 11.70%, which is 25% below median its 10-year median of 15.61 and 1214.6% above the Medical Devices & Instruments industry median of 0.89. IMD International Medical Devices SpA's overall GF Score™ is 43/100 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 IMD International Medical Devices SpA (MIL:IMD), the current Earnings Yield (Joel Greenblatt) % is 11.70% 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 IMD International Medical Devices SpA (MIL:IMD) Overvalued in 2026?
Based on GuruFocus' analysis, IMD International Medical Devices SpA stock appears to be undervalued.
The current stock price of €1.21 is trading 11% below its estimated GF Value™ of €1.36.
GuruFocus considers IMD International Medical Devices SpA to be Modestly Undervalued.
Key valuation signals for MIL:IMD:
Earnings Yield (Joel Greenblatt) %: 11.70% (25% below median its 10-year median of 15.61)
GF Value™: €1.36 vs. price of €1.21 (11% below fair value)
Industry Position: 1214.6% above the Medical Devices & Instruments median (#45 of 849)
No single metric tells the full story. See the MIL:IMD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IMD International Medical Devices SpA Business Description
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