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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. Dusit Thani Freehold and Leasehold REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,877.68%.
BKK:DREIT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 571.79 Med: 2063.2 Max: 6526.94
Current: 610.26
During the past 13 years, Dusit Thani Freehold and Leasehold REIT's highest ROC (Joel Greenblatt) % was 6526.94%. The lowest was 571.79%. And the median was 2063.20%.
BKK:DREIT's ROC (Joel Greenblatt) % is ranked better than 69.67% of 577
companies
in the REITs industry
Industry Median: 172.03
vs BKK:DREIT: 610.26
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.
BKK:DREIT vs HST, RHP, APLE: ROC (Joel Greenblatt) % Comparison
For the REIT - Hotel & Motel subindustry, Dusit Thani Freehold and Leasehold REIT'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.
Dusit Thani Freehold and Leasehold REIT ROC (Joel Greenblatt) % vs REITs Industry
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 1,877.68% mean?
Dusit Thani Freehold and Leasehold REIT (BKK:DREIT) has a ROC (Joel Greenblatt) % of 1,877.68% 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 Dusit Thani Freehold and Leasehold REIT and its competitors. This is near median its historical median of 2,063.20. Over the past decade, Dusit Thani Freehold and Leasehold REIT's ROC (Joel Greenblatt) % has ranged from 571.79 to 6,526.94. According to the industry distribution chart, Dusit Thani Freehold and Leasehold REIT ranks #175 out of 577 companies in the REITs industry, placing it in the top 30.3%.
Is Dusit Thani Freehold and Leasehold REIT's ROC (Joel Greenblatt) % too high?
Dusit Thani Freehold and Leasehold REIT's current ROC (Joel Greenblatt) % of 1,877.68% is near median its 10-year median of 2,063.20. Over the past 10 years, this metric has ranged from a low of 571.79 to a high of 6,526.94. The REITs industry median ROC (Joel Greenblatt) % is 172.03. Dusit Thani Freehold and Leasehold REIT's value of 1,877.68% is 991.5% above this industry median. Based on the distribution chart, Dusit Thani Freehold and Leasehold REIT ranks #175 out of 577 companies in the REITs industry, which is above the industry midpoint. Overall, Dusit Thani Freehold and Leasehold REIT has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dusit Thani Freehold and Leasehold REIT's ROC (Joel Greenblatt) % compare to HST and RHP?
According to the REITs industry distribution chart, Dusit Thani Freehold and Leasehold REIT ranks #175 out of 577 companies for ROC (Joel Greenblatt) %. This puts Dusit Thani Freehold and Leasehold REIT in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 172.03. Dusit Thani Freehold and Leasehold REIT's value of 1,877.68% is 991.5% above this benchmark. Historically, Dusit Thani Freehold and Leasehold REIT's own ROC (Joel Greenblatt) % has ranged from 571.79 to 6,526.94 over the past decade. While the company's 10-year median is 2,063.20 vs. the industry median of 172.03, Dusit Thani Freehold and Leasehold REIT 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 172.03, based on 577 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. Dusit Thani Freehold and Leasehold REIT's current ROC (Joel Greenblatt) % of 1,877.68% is 991.5% 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 Dusit Thani Freehold and Leasehold REIT and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 172.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dusit Thani Freehold and Leasehold REIT's current ROC (Joel Greenblatt) % is 1,877.68%, which is near median its own 10-year median of 2,063.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dusit Thani Freehold and Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Dusit Thani Freehold and Leasehold REIT (BKK:DREIT) is currently considered Fairly Valued. The stock's GF Value™ is ฿5.01, compared to a current price of ฿5.10 — trading 1.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 1,877.68%, which is near median its 10-year median of 2,063.20 and 991.5% above the REITs industry median of 172.03. Dusit Thani Freehold and Leasehold REIT's overall GF Score™ is 82/100 with 3 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 Dusit Thani Freehold and Leasehold REIT (BKK:DREIT), the current ROC (Joel Greenblatt) % is 1,877.68% 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 Dusit Thani Freehold and Leasehold REIT (BKK:DREIT) Overvalued in 2026?
Based on GuruFocus' analysis, Dusit Thani Freehold and Leasehold REIT stock appears to be overvalued.
The current stock price of ฿5.10 is trading 1.8% above its estimated GF Value™ of ฿5.01.
GuruFocus considers Dusit Thani Freehold and Leasehold REIT to be Fairly Valued.
Key valuation signals for BKK:DREIT:
ROC (Joel Greenblatt) %: 1,877.68% (near median its 10-year median of 2,063.20)
GF Value™: ฿5.01 vs. price of ฿5.10 (1.8% above fair value)
Industry Position: 991.5% above the REITs median (#175 of 577)
No single metric tells the full story. See the BKK:DREIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dusit Thani Freehold and Leasehold REIT is a closed-end property fund engaged in seeking funds from investors to invest in property or property leasehold rights. The Trust invests in freehold and leasehold properties, including sublease high-quality real estate, hotels and other types of property relevant or beneficial to hotel properties. Its operating segment includes Leasing and others. The company generates maximum revenue from the Leasing segment.
82GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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