Dutch BrosBROS +2.93%79 ROC (Joel Greenblatt) % is 7.87% as of Mar. 2026, which is 1% below its 10-year median of 7.92. GuruFocus rates BROS with a GF Score™ of 79/100 and a GF Value™ of $52.66 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 361 Restaurants companies, Dutch Bros ranks better than 53.19% 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. Dutch Bros's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.87%.
The historical rank and industry rank for Dutch Bros's ROC (Joel Greenblatt) % or its related term are showing as below:
BROS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -48.12 Med: 7.92 Max: 29.87
Current: 10.44
During the past 7 years, Dutch Bros's highest ROC (Joel Greenblatt) % was 29.87%. The lowest was -48.12%. And the median was 7.92%.
BROS's ROC (Joel Greenblatt) % is ranked better than 53.19% of 361
companies
in the Restaurants industry
Industry Median: 8.73
vs BROS: 10.44
Dutch Bros'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.
Dutch Bros ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Dutch Bros'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.
BROS vs DPZ, CAVA, LKNCY: ROC (Joel Greenblatt) % Comparison
For the Restaurants subindustry, Dutch Bros'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.
Dutch Bros ROC (Joel Greenblatt) % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Dutch Bros's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dutch Bros'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 (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 7.87% mean?
Dutch Bros (BROS) has a ROC (Joel Greenblatt) % of 7.87% 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 Dutch Bros and its competitors. This is near median its historical median of 7.92. According to the industry distribution chart, Dutch Bros ranks #169 out of 361 companies in the Restaurants industry, placing it in the top 46.8%.
Is Dutch Bros' ROC (Joel Greenblatt) % too high?
Dutch Bros' current ROC (Joel Greenblatt) % of 7.87% is near median its 10-year median of 7.92. The Restaurants industry median ROC (Joel Greenblatt) % is 8.73. Dutch Bros' value of 7.87% is 9.9% below this industry median. Based on the distribution chart, Dutch Bros ranks #169 out of 361 companies in the Restaurants industry, which is above the industry midpoint. Overall, Dutch Bros has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dutch Bros' ROC (Joel Greenblatt) % compare to DPZ and CAVA?
According to the Restaurants industry distribution chart, Dutch Bros ranks #169 out of 361 companies for ROC (Joel Greenblatt) %. This puts Dutch Bros in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.73. Dutch Bros' value of 7.87% is 9.9% below this benchmark. While the company's 10-year median is 7.92 vs. the industry median of 8.73, Dutch Bros 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 Restaurants company?
The median ROC (Joel Greenblatt) % among Restaurants companies is 8.73, based on 361 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. Dutch Bros's current ROC (Joel Greenblatt) % of 7.87% is 9.9% 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 Dutch Bros and its competitors. For the Restaurants industry, the median ROC (Joel Greenblatt) % is 8.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dutch Bros's current ROC (Joel Greenblatt) % is 7.87%, which is near median its own 10-year median of 7.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dutch Bros stock overvalued right now?
Based on GuruFocus' analysis, Dutch Bros (BROS) is currently considered Modestly Overvalued. The stock's GF Value™ is $52.66, compared to a current price of $67.56 — trading 28.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 7.87%, which is near median its 10-year median of 7.92 and 9.9% below the Restaurants industry median of 8.73. Dutch Bros' overall GF Score™ is 79/100 with 5 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 Dutch Bros (BROS), the current ROC (Joel Greenblatt) % is 7.87% 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 Dutch Bros (BROS) Overvalued in 2026?
Based on GuruFocus' analysis, Dutch Bros stock appears to be overvalued.
The current stock price of $67.56 is trading 28.3% above its estimated GF Value™ of $52.66.
GuruFocus considers Dutch Bros to be Modestly Overvalued.
Key valuation signals for BROS:
ROC (Joel Greenblatt) %: 7.87% (near median its 10-year median of 7.92)
GF Value™: $52.66 vs. price of $67.56 (28.3% above fair value)
Industry Position: 9.9% below the Restaurants median (#169 of 361)
No single metric tells the full story. See the BROS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dutch Bros Inc is an operator and franchisor of drive-thru coffee shops that are focused on serving hand-crafted beverages. The company's hand-crafted beverage-focused lineup features hot and cold espresso-based beverages, cold brew coffee products, proprietary energy drinks, tea, lemonade, smoothies, and other beverages. The company has two reportable operating segments Company-operated shops and Franchising. It derives maximum revenue from Company-operated shops.
79GF Score
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