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Trevi Finanziaria Industriale SpAMIL:TFIN -0.40%58 ROC (Joel Greenblatt) % is 8.46% as of Dec. 2025, which is 513% above its 10-year median of 1.38. GuruFocus rates MIL:TFIN with a GF Score™ of 58/100 and a GF Value™ of €3.01 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,782 Construction companies, Trevi Finanziaria Industriale SpA ranks worse than 63.36% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Trevi Finanziaria Industriale SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.46%.
The historical rank and industry rank for Trevi Finanziaria Industriale SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:TFIN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.22 Med: 1.38 Max: 65.92
Current: 11.24
During the past 13 years, Trevi Finanziaria Industriale SpA's highest ROC (Joel Greenblatt) % was 65.92%. The lowest was -19.22%. And the median was 1.38%.
MIL:TFIN's ROC (Joel Greenblatt) % is ranked worse than 63.36% of 1782
companies
in the Construction industry
Industry Median: 19.56
vs MIL:TFIN: 11.24
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
* 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:TFIN vs PWR, FIX, EME: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Trevi Finanziaria Industriale SpA's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (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.
Trevi Finanziaria Industriale SpA ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Trevi Finanziaria Industriale SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Trevi Finanziaria Industriale SpA's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 8.46% mean?
Trevi Finanziaria Industriale SpA (MIL:TFIN) has a ROC (Joel Greenblatt) % of 8.46% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Trevi Finanziaria Industriale SpA and its competitors. This is 513% above median its historical median of 1.38. According to the industry distribution chart, Trevi Finanziaria Industriale SpA ranks #1129 out of 1782 companies in the Construction industry, placing it in the top 63.4%.
Is Trevi Finanziaria Industriale SpA's ROC (Joel Greenblatt) % too high?
Trevi Finanziaria Industriale SpA's current ROC (Joel Greenblatt) % of 8.46% is 513% above median its 10-year median of 1.38. The Construction industry median ROC (Joel Greenblatt) % is 19.56. Trevi Finanziaria Industriale SpA's value of 8.46% is 56.7% below this industry median. Based on the distribution chart, Trevi Finanziaria Industriale SpA ranks #1129 out of 1782 companies in the Construction industry, which is below the industry midpoint. Overall, Trevi Finanziaria Industriale SpA has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trevi Finanziaria Industriale SpA's ROC (Joel Greenblatt) % compare to PWR and FIX?
According to the Construction industry distribution chart, Trevi Finanziaria Industriale SpA ranks #1129 out of 1782 companies for ROC (Joel Greenblatt) %. This places Trevi Finanziaria Industriale SpA in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.56. Trevi Finanziaria Industriale SpA's value of 8.46% is 56.7% below this benchmark. While the company's 10-year median is 1.38 vs. the industry median of 19.56, Trevi Finanziaria Industriale 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 ROC (Joel Greenblatt) % for a Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.56, based on 1,782 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Trevi Finanziaria Industriale SpA's current ROC (Joel Greenblatt) % of 8.46% is 56.7% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Trevi Finanziaria Industriale SpA and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trevi Finanziaria Industriale SpA's current ROC (Joel Greenblatt) % is 8.46%, which is 513% above median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trevi Finanziaria Industriale SpA stock overvalued right now?
Based on GuruFocus' analysis, Trevi Finanziaria Industriale SpA (MIL:TFIN) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.01, compared to a current price of €4.00 — trading 32.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 8.46%, which is 513% above median its 10-year median of 1.38 and 56.7% below the Construction industry median of 19.56. Trevi Finanziaria Industriale SpA's overall GF Score™ is 58/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Trevi Finanziaria Industriale SpA (MIL:TFIN), the current ROC (Joel Greenblatt) % is 8.46% 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 Trevi Finanziaria Industriale SpA (MIL:TFIN) Overvalued in 2026?
Based on GuruFocus' analysis, Trevi Finanziaria Industriale SpA stock appears to be overvalued.
The current stock price of €4.00 is trading 32.8% above its estimated GF Value™ of €3.01.
GuruFocus considers Trevi Finanziaria Industriale SpA to be Significantly Overvalued.
Key valuation signals for MIL:TFIN:
ROC (Joel Greenblatt) %: 8.46% (513% above median its 10-year median of 1.38)
GF Value™: €3.01 vs. price of €4.00 (32.8% above fair value)
Industry Position: 56.7% below the Construction median (#1129 of 1782)
No single metric tells the full story. See the MIL:TFIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trevi Finanziaria Industriale SpA Business Description
Trevi Finanziaria Industriale SpA is the holding company. The Group operates globally in the ground engineering sector, providing integrated solutions (technologies and machinery) for the construction of special foundations, ground consolidation, and safety measures for complex infrastructure and/or contaminated sites. The group is organised through two operating divisions: Trevi and Soilmec. The Trevi Division is responsible for the design and construction of special foundations and ground stabilisation works, mainly for strategic infrastructure such as underground railways, bridges, dams, ports, quays, railway lines, motorways, and civil and industrial buildings. The Soilmec Division, on the other hand, designs, manufactures and markets machinery and services for special foundations.
58GF Score
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