Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Sirius XM HoldingsBSP:SRXM34 71 ROC (Joel Greenblatt) % is 75.69% as of Mar. 2026, which is 23% below its 10-year median of 98.61. GuruFocus rates BSP:SRXM34 with a GF Score™ of 71/100 and a GF Value™ of R$15.32. The stock has 11 warning signs investors should review. Among 1,015 Media - Diversified companies, Sirius XM Holdings ranks better than 82.17% 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. Sirius XM Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 75.69%.
The historical rank and industry rank for Sirius XM Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
BSP:SRXM34'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -70.21 Med: 98.61 Max: 119.03
Current: 70.6
During the past 13 years, Sirius XM Holdings's highest ROC (Joel Greenblatt) % was 119.03%. The lowest was -70.21%. And the median was 98.61%.
BSP:SRXM34's ROC (Joel Greenblatt) % is ranked better than 82.17% of 1015
companies
in the Media - Diversified industry
Industry Median: 9.81
vs BSP:SRXM34: 70.60
Sirius XM 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.
Sirius XM Holdings ROC (Joel Greenblatt) % Related Terms
Sirius XM Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Sirius XM 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.
BSP:SRXM34 vs MSGS, LLYVA, PSKY: ROC (Joel Greenblatt) % Comparison
For the Entertainment subindustry, Sirius XM 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.
Sirius XM Holdings ROC (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Sirius XM Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sirius XM 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 (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 75.69% mean?
Sirius XM Holdings (BSP:SRXM34) has a ROC (Joel Greenblatt) % of 75.69% 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 Sirius XM Holdings and its competitors. This is 23% below median its historical median of 98.61. According to the industry distribution chart, Sirius XM Holdings ranks #181 out of 1015 companies in the Media - Diversified industry, placing it in the top 17.8%.
Is Sirius XM Holdings' ROC (Joel Greenblatt) % too high?
Sirius XM Holdings' current ROC (Joel Greenblatt) % of 75.69% is 23% below median its 10-year median of 98.61. The Media - Diversified industry median ROC (Joel Greenblatt) % is 9.81. Sirius XM Holdings' value of 75.69% is 671.6% above this industry median. Based on the distribution chart, Sirius XM Holdings ranks #181 out of 1015 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Sirius XM Holdings has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Sirius XM Holdings' ROC (Joel Greenblatt) % compare to MSGS and LLYVA?
According to the Media - Diversified industry distribution chart, Sirius XM Holdings ranks #181 out of 1015 companies for ROC (Joel Greenblatt) %. This places Sirius XM Holdings in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.81. Sirius XM Holdings' value of 75.69% is 671.6% above this benchmark. While the company's 10-year median is 98.61 vs. the industry median of 9.81, Sirius XM Holdings 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 Media - Diversified company?
The median ROC (Joel Greenblatt) % among Media - Diversified companies is 9.81, based on 1,015 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. Sirius XM Holdings's current ROC (Joel Greenblatt) % of 75.69% is 671.6% 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 Sirius XM Holdings and its competitors. For the Media - Diversified industry, the median ROC (Joel Greenblatt) % is 9.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sirius XM Holdings's current ROC (Joel Greenblatt) % is 75.69%, which is 23% below median its own 10-year median of 98.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sirius XM Holdings stock overvalued right now?
Sirius XM Holdings (BSP:SRXM34) has a current ROC (Joel Greenblatt) % of 75.69%. The stock's GF Value™ is R$15.32, compared to a current price of R$17.75 — trading 15.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 75.69%, which is 23% below median its 10-year median of 98.61 and 671.6% above the Media - Diversified industry median of 9.81. Sirius XM Holdings' overall GF Score™ is 71/100 with 11 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 Sirius XM Holdings (BSP:SRXM34), the current ROC (Joel Greenblatt) % is 75.69% 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 Sirius XM Holdings (BSP:SRXM34) Overvalued in 2026?
Based on GuruFocus' analysis, Sirius XM Holdings stock appears to be overvalued.
The current stock price of R$17.75 is trading 15.9% above its estimated GF Value™ of R$15.32.
Key valuation signals for BSP:SRXM34:
ROC (Joel Greenblatt) %: 75.69% (23% below median its 10-year median of 98.61)
GF Value™: R$15.32 vs. price of R$17.75 (15.9% above fair value)
Industry Position: 671.6% above the Media - Diversified median (#181 of 1015)
No single metric tells the full story. See the BSP:SRXM34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sirius XM operates almost exclusively in the US through its SiriusXM and Pandora audio services. SiriusXM is primarily a satellite radio service that offers nationwide coverage and mostly ad-free listening, with proprietary channels and exclusive content. It makes agreements with automakers to install its radios in vehicles and give trial services to vehicle buyers, which have traditionally fed its subscriber base. The company provides the service via a fleet of geostationary satellites it owns and operates and now offers a streaming SiriusXM option. Pandora, which accounts for a much smaller portion of revenue and profit, offers a subscription and ad-supported streaming music service that competes with industry giants such as Spotify, Apple Music, and YouTube Music.
71GF Score
Get the complete analysis for BSP:SRXM34
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:SRXM34 has been successfully added to your 
