Blum HoldingsBLMH -1.04%14 ROC (Joel Greenblatt) % is -203.24% as of Sep. 2025. GuruFocus rates BLMH with a GF Score™ of 14/100 and a GF Value™ of $0.43 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 668 Healthcare Providers & Services companies, Blum Holdings ranks better than 96.11% 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. Blum Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was -203.24%.
The historical rank and industry rank for Blum Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
BLMH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1047.71 Med: -122.58 Max: 364.81
Current: 364.81
During the past 13 years, Blum Holdings's highest ROC (Joel Greenblatt) % was 364.81%. The lowest was -1047.71%. And the median was -122.58%.
BLMH's ROC (Joel Greenblatt) % is ranked better than 96.11% of 668
companies
in the Healthcare Providers & Services industry
Industry Median: 12.47
vs BLMH: 364.81
Blum Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Blum Holdings ROC (Joel Greenblatt) % Related Terms
Blum Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Blum Holdings'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.
BLMH vs HEWA, WGRX, PMHS: ROC (Joel Greenblatt) % Comparison
For the Pharmaceutical Retailers subindustry, Blum Holdings'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.
Blum Holdings ROC (Joel Greenblatt) % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Blum Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Blum Holdings'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 four times the quarterly (Sep. 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 -203.24% mean?
Blum Holdings (BLMH) has a ROC (Joel Greenblatt) % of -203.24% as of Sep. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Blum Holdings and its competitors. According to the industry distribution chart, Blum Holdings ranks #26 out of 668 companies in the Healthcare Providers & Services industry, placing it in the top 3.9%.
Is Blum Holdings' ROC (Joel Greenblatt) % too high?
Blum Holdings' current ROC (Joel Greenblatt) % is -203.24%. Based on the distribution chart, Blum Holdings ranks #26 out of 668 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Blum Holdings has a GF Score™ of 14/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Blum Holdings' ROC (Joel Greenblatt) % compare to HEWA and WGRX?
According to the Healthcare Providers & Services industry distribution chart, Blum Holdings ranks #26 out of 668 companies for ROC (Joel Greenblatt) %. This places Blum Holdings in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.47. 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 Healthcare Providers & Services company?
The median ROC (Joel Greenblatt) % among Healthcare Providers & Services companies is 12.47, based on 668 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. 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 Blum Holdings and its competitors. For the Healthcare Providers & Services industry, the median ROC (Joel Greenblatt) % is 12.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blum Holdings's current ROC (Joel Greenblatt) % is -203.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blum Holdings stock overvalued right now?
Based on GuruFocus' analysis, Blum Holdings (BLMH) is currently considered Possible Value Trap. The stock's GF Value™ is $0.43, compared to a current price of $0.18 — trading 58.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is -203.24%. Blum Holdings' overall GF Score™ is 14/100 with 7 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 Blum Holdings (BLMH), the current ROC (Joel Greenblatt) % is -203.24% as of Sep. 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 Blum Holdings (BLMH) Overvalued in 2026?
Based on GuruFocus' analysis, Blum Holdings stock appears to be undervalued.
The current stock price of $0.18 is trading 58.1% below its estimated GF Value™ of $0.43.
GuruFocus considers Blum Holdings to be Possible Value Trap.
Key valuation signals for BLMH:
ROC (Joel Greenblatt) %: -203.24%
GF Value™: $0.43 vs. price of $0.18 (58.1% below fair value)
No single metric tells the full story. See the BLMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Blum Holdings Inc is a cannabis company with operations in retail, production, distribution, and cultivation, with an emphasis on providing the highest quality of medical and adult-use cannabis products. It distributes its own branded products as well as third-party products to its retail dispensaries in California under the Korova brand. The company has two reportable segments; Cannabis Retail which generates key revenue and includes cannabis-focused retail, both physical stores and non-store front delivery, and Cannabis Distribution segment which includes cannabis distribution operations.
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