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Siav SpAMIL:SIAV 74 Earnings Yield (Joel Greenblatt) % is 7.41% as of Dec. 2025, which is 145% above its 10-year median of 3.02. GuruFocus rates MIL:SIAV with a GF Score™ of 74/100 and a GF Value™ of €2.71 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,916 Software companies, Siav SpA ranks better than 66.67% on this metric.
Siav SpA's Enterprise Value for the quarter that ended in Dec. 2025 was €38.43 Mil.
Siav SpA's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €2.85 Mil. Siav SpA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2025 was 7.41%.
The historical rank and industry rank for Siav SpA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MIL:SIAV'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.6 Med: 3.02 Max: 8.74
Current: 6.08
During the past 6 years, the highest Earnings Yield (Joel Greenblatt) of Siav SpA was 8.74%. The lowest was -0.60%. And the median was 3.02%.
MIL:SIAV's Earnings Yield (Joel Greenblatt) % is ranked better than 66.67% of 2916
companies
in the Software industry
Industry Median: 2.085
vs MIL:SIAV: 6.08
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) %. Siav SpA's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2025 was 5.48%. 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.
Siav SpA Earnings Yield (Joel Greenblatt) % Related Terms
Siav SpA Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Siav 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 Software - Application subindustry, Siav 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.
Siav SpA Earnings Yield (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Siav SpA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Siav 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.
Siav 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 7.41% mean?
Siav SpA (MIL:SIAV) has a Earnings Yield (Joel Greenblatt) % of 7.41% 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 Siav SpA and its competitors. This is 145% above median its historical median of 3.02. According to the industry distribution chart, Siav SpA ranks #972 out of 2916 companies in the Software industry, placing it in the top 33.3%.
Is Siav SpA's Earnings Yield (Joel Greenblatt) % too high?
Siav SpA's current Earnings Yield (Joel Greenblatt) % of 7.41% is 145% above median its 10-year median of 3.02. The Software industry median Earnings Yield (Joel Greenblatt) % is 2.09. Siav SpA's value of 7.41% is 255.4% above this industry median. Based on the distribution chart, Siav SpA ranks #972 out of 2916 companies in the Software industry, which is above the industry midpoint. Overall, Siav SpA has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Siav SpA's Earnings Yield (Joel Greenblatt) % compare to QH and SHOP?
According to the Software industry distribution chart, Siav SpA ranks #972 out of 2916 companies for Earnings Yield (Joel Greenblatt) %. This puts Siav SpA in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 2.09. Siav SpA's value of 7.41% is 255.4% above this benchmark. While the company's 10-year median is 3.02 vs. the industry median of 2.09, Siav 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 Software company?
The median Earnings Yield (Joel Greenblatt) % among Software companies is 2.09, based on 2,916 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. Siav SpA's current Earnings Yield (Joel Greenblatt) % of 7.41% is 255.4% 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 Siav SpA and its competitors. For the Software industry, the median Earnings Yield (Joel Greenblatt) % is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siav SpA's current Earnings Yield (Joel Greenblatt) % is 7.41%, which is 145% above median its own 10-year median of 3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siav SpA stock overvalued right now?
Based on GuruFocus' analysis, Siav SpA (MIL:SIAV) is currently considered Fairly Valued. The stock's GF Value™ is €2.71, compared to a current price of €2.88 — trading 6.3% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 7.41%, which is 145% above median its 10-year median of 3.02 and 255.4% above the Software industry median of 2.09. Siav SpA's overall GF Score™ is 74/100 with 2 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 Siav SpA (MIL:SIAV), the current Earnings Yield (Joel Greenblatt) % is 7.41% 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 Siav SpA (MIL:SIAV) Overvalued in 2026?
Based on GuruFocus' analysis, Siav SpA stock appears to be overvalued.
The current stock price of €2.88 is trading 6.3% above its estimated GF Value™ of €2.71.
GuruFocus considers Siav SpA to be Fairly Valued.
Key valuation signals for MIL:SIAV:
Earnings Yield (Joel Greenblatt) %: 7.41% (145% above median its 10-year median of 3.02)
GF Value™: €2.71 vs. price of €2.88 (6.3% above fair value)
Industry Position: 255.4% above the Software median (#972 of 2916)
No single metric tells the full story. See the MIL:SIAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Siav SpA is a software and IT service company specializing in dematerialization, document management, and digital processes. It offers software platforms such as Archiflow Nova, Siav Connect, and Siav Frame for information and process management; Vertical software and solutions that deal with specific topics such as Silloge, Checker, MyCreditService, etc., and outsourcing services such as dematerialization and replacement storage of documents, managed through a proprietary solution (Virgilio), and B2B electronic invoicing. The company's operating segments are based on the market it operates in and include the Private Market, Central Public Administration Market (CPA), Local Public Administration Market (PAL), and Channel Market.
74GF 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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