Digital TurbineAPPS +2.75%52 ROC (Joel Greenblatt) % is 197.50% as of Mar. 2026, which is 153% above its 10-year median of 78.06. GuruFocus rates APPS with a GF Score™ of 52/100 and a GF Value™ of $4.32 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,805 Software companies, Digital Turbine ranks better than 65.53% 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. Digital Turbine's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 197.50%.
The historical rank and industry rank for Digital Turbine's ROC (Joel Greenblatt) % or its related term are showing as below:
APPS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -879 Med: 78.06 Max: 408.83
Current: 65.39
During the past 13 years, Digital Turbine's highest ROC (Joel Greenblatt) % was 408.83%. The lowest was -879.00%. And the median was 78.06%.
APPS's ROC (Joel Greenblatt) % is ranked better than 65.53% of 2805
companies
in the Software industry
Industry Median: 19.59
vs APPS: 65.39
Digital Turbine's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Digital Turbine (NAS:APPS) ROC (Joel Greenblatt) % Explanation
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.
Digital Turbine ROC (Joel Greenblatt) % Related Terms
Digital Turbine ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Digital Turbine's ROC (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.
APPS vs BLKB, WLTH, VIA: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Digital Turbine'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.
Digital Turbine ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Digital Turbine's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Digital Turbine's ROC (Joel Greenblatt) % falls into.
Digital Turbine ROC (Joel Greenblatt) % Calculation
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 four times the quarterly (Mar. 2026) 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 197.50% mean?
Digital Turbine (APPS) has a ROC (Joel Greenblatt) % of 197.50% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Digital Turbine and its competitors. This is 153% above median its historical median of 78.06. According to the industry distribution chart, Digital Turbine ranks #967 out of 2805 companies in the Software industry, placing it in the top 34.5%.
Is Digital Turbine's ROC (Joel Greenblatt) % too high?
Digital Turbine's current ROC (Joel Greenblatt) % of 197.50% is 153% above median its 10-year median of 78.06. The Software industry median ROC (Joel Greenblatt) % is 19.59. Digital Turbine's value of 197.50% is 908.2% above this industry median. Based on the distribution chart, Digital Turbine ranks #967 out of 2805 companies in the Software industry, which is above the industry midpoint. Overall, Digital Turbine has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Digital Turbine's ROC (Joel Greenblatt) % compare to BLKB and WLTH?
According to the Software industry distribution chart, Digital Turbine ranks #967 out of 2805 companies for ROC (Joel Greenblatt) %. This puts Digital Turbine in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.59. Digital Turbine's value of 197.50% is 908.2% above this benchmark. While the company's 10-year median is 78.06 vs. the industry median of 19.59, Digital Turbine 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 ROC (Joel Greenblatt) % for a Software company?
The median ROC (Joel Greenblatt) % among Software companies is 19.59, based on 2,805 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. Digital Turbine's current ROC (Joel Greenblatt) % of 197.50% is 908.2% 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 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 Digital Turbine and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Digital Turbine's current ROC (Joel Greenblatt) % is 197.50%, which is 153% above median its own 10-year median of 78.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digital Turbine stock overvalued right now?
Based on GuruFocus' analysis, Digital Turbine (APPS) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.32, compared to a current price of $13.26 — trading 206.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 197.50%, which is 153% above median its 10-year median of 78.06 and 908.2% above the Software industry median of 19.59. Digital Turbine's overall GF Score™ is 52/100 with 6 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 Digital Turbine (APPS), the current ROC (Joel Greenblatt) % is 197.50% as of Mar. 2026. 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 Digital Turbine (APPS) Overvalued in 2026?
Based on GuruFocus' analysis, Digital Turbine stock appears to be overvalued.
The current stock price of $13.26 is trading 206.8% above its estimated GF Value™ of $4.32.
GuruFocus considers Digital Turbine to be Significantly Overvalued.
Key valuation signals for APPS:
ROC (Joel Greenblatt) %: 197.50% (153% above median its 10-year median of 78.06)
GF Value™: $4.32 vs. price of $13.26 (206.8% above fair value)
Industry Position: 908.2% above the Software median (#967 of 2805)
No single metric tells the full story. See the APPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Digital Turbine Inc is an independent mobile growth platform that levels up the landscape for advertisers, publishers, carriers, and device original equipment manufacturers. The Company offers end-to-end products and solutions leveraging proprietary technology to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. In addition, its products and solutions provide monetization opportunities for OEMs, carriers, and application (app or apps) publishers and developers.
52GF Score
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