Siav SpAMIL:SIAV +1.56%72 Gross Margin % is 64.89% as of Dec. 2025, which is 7% above its 10-year median of 60.78. GuruFocus rates MIL:SIAV with a GF Score™ of 72/100 and a GF Value™ of €2.70 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,685 Software companies, Siav SpA ranks better than 74.26% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Siav SpA's Gross Profit for the
six
months ended in Dec. 2025 was €12.98 Mil. Siav SpA's Revenue for the
six
months ended in Dec. 2025 was €20.00 Mil. Therefore, Siav SpA's Gross Margin % for the quarter that ended in Dec. 2025 was 64.89%.
The historical rank and industry rank for Siav SpA's Gross Margin % or its related term are showing as below:
MIL:SIAV'
s Gross Margin % Range Over the Past 10 Years
Min: 34.23 Med: 60.78 Max: 64.35
Current: 64.35
During the past 6 years, the highestGross Margin % of Siav SpA was 64.35%. The lowest was 34.23%. And the median was 60.78%.
MIL:SIAV's Gross Margin % is ranked better than 74.26% of 2685
companies
in the Software industry
Industry Median: 40.49
vs MIL:SIAV: 64.35
Siav SpA had a gross margin of 64.89% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Siav SpA was 10.20% per year.
Siav SpA (MIL:SIAV) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Siav SpA had a gross margin of 64.89% for the quarter that ended in Dec. 2025 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Siav SpA Gross Margin % Related Terms
Siav SpA Gross Margin % Historical Data
* Premium members only.
The historical data trend for Siav SpA's Gross Margin % 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.
MIL:SIAV vs UBER, SHOP, CRM: Gross Margin % Comparison
For the Software - Application subindustry, Siav SpA's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Software Industry
For the Software industry and Technology sector, Siav SpA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Siav SpA's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Siav SpA (MIL:SIAV) has a Gross Margin % of 64.89% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Siav SpA and its competitors. This is near median its historical median of 60.78. Over the past decade, Siav SpA's Gross Margin % has ranged from 34.23 to 64.35. According to the industry distribution chart, Siav SpA ranks #691 out of 2685 companies in the Software industry, placing it in the top 25.7%.
Is Siav SpA's Gross Margin % too high?
Siav SpA's current Gross Margin % of 64.89% is near median its 10-year median of 60.78. Over the past 10 years, this metric has ranged from a low of 34.23 to a high of 64.35. The Software industry median Gross Margin % is 40.49. Siav SpA's value of 64.89% is 60.3% above this industry median. Based on the distribution chart, Siav SpA ranks #691 out of 2685 companies in the Software industry, which is above the industry midpoint. Overall, Siav SpA has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Siav SpA's Gross Margin % compare to UBER and SHOP?
According to the Software industry distribution chart, Siav SpA ranks #691 out of 2685 companies for Gross Margin %. This puts Siav SpA in the upper half of its industry. The industry median Gross Margin % is 40.49. Siav SpA's value of 64.89% is 60.3% above this benchmark. Historically, Siav SpA's own Gross Margin % has ranged from 34.23 to 64.35 over the past decade. While the company's 10-year median is 60.78 vs. the industry median of 40.49, 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 Gross Margin % for a Software company?
The median Gross Margin % among Software companies is 40.49, based on 2,685 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Siav SpA's current Gross Margin % of 64.89% is 60.3% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Siav SpA and its competitors. For the Software industry, the median Gross Margin % is 40.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siav SpA's current Gross Margin % is 64.89%, which is near median its own 10-year median of 60.78. 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 €2.70, compared to a current price of €2.60 — trading 3.7% below its estimated fair value. The current Gross Margin % is 64.89%, which is near median its 10-year median of 60.78 and 60.3% above the Software industry median of 40.49. Siav SpA's overall GF Score™ is 72/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Siav SpA (MIL:SIAV), the current Gross Margin % is 64.89% 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 undervalued.
The current stock price of €2.60 is trading 3.7% below its estimated GF Value™ of €2.70.
GuruFocus considers Siav SpA to be Fairly Valued.
Key valuation signals for MIL:SIAV:
Gross Margin %: 64.89% (near median its 10-year median of 60.78)
GF Value™: €2.70 vs. price of €2.60 (3.7% below fair value)
Industry Position: 60.3% above the Software median (#691 of 2685)
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.
72GF Score
Get the complete analysis for MIL:SIAV
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:SIAV has been successfully added to your 
