Donaldson CoDCI -2.00%94 ROC (Joel Greenblatt) % is 48.28% as of Apr. 2026, which is 24% above its 10-year median of 38.78. GuruFocus rates DCI with a GF Score™ of 94/100 and a GF Value™ of $81.27 (Fairly Valued). The stock has 1 warning sign investors should review. Among 3,058 Industrial Products companies, Donaldson Co ranks better than 88.13% 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. Donaldson Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 48.28%.
The historical rank and industry rank for Donaldson Co's ROC (Joel Greenblatt) % or its related term are showing as below:
DCI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 30.53 Med: 38.78 Max: 48.91
Current: 46.67
During the past 13 years, Donaldson Co's highest ROC (Joel Greenblatt) % was 48.91%. The lowest was 30.53%. And the median was 38.78%.
DCI's ROC (Joel Greenblatt) % is ranked better than 88.13% of 3058
companies
in the Industrial Products industry
Industry Median: 11.7
vs DCI: 46.67
Donaldson Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 7.90% per year.
Donaldson Co (NYSE:DCI) 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.
Donaldson Co ROC (Joel Greenblatt) % Related Terms
Donaldson Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Donaldson Co'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.
DCI vs GTLS, FLS, WTS: ROC (Joel Greenblatt) % Comparison
For the Specialty Industrial Machinery subindustry, Donaldson Co'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.
Donaldson Co ROC (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Donaldson Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Donaldson Co'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 (Apr. 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 48.28% mean?
Donaldson Co (DCI) has a ROC (Joel Greenblatt) % of 48.28% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Donaldson Co and its competitors. This is 24% above median its historical median of 38.78. Over the past decade, Donaldson Co's ROC (Joel Greenblatt) % has ranged from 30.53 to 48.91. According to the industry distribution chart, Donaldson Co ranks #363 out of 3058 companies in the Industrial Products industry, placing it in the top 11.9%.
Is Donaldson Co's ROC (Joel Greenblatt) % too high?
Donaldson Co's current ROC (Joel Greenblatt) % of 48.28% is 24% above median its 10-year median of 38.78. Over the past 10 years, this metric has ranged from a low of 30.53 to a high of 48.91. The Industrial Products industry median ROC (Joel Greenblatt) % is 11.70. Donaldson Co's value of 48.28% is 312.6% above this industry median. Based on the distribution chart, Donaldson Co ranks #363 out of 3058 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Donaldson Co has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Donaldson Co's ROC (Joel Greenblatt) % compare to GTLS and FLS?
According to the Industrial Products industry distribution chart, Donaldson Co ranks #363 out of 3058 companies for ROC (Joel Greenblatt) %. This places Donaldson Co in the top 12% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.70. Donaldson Co's value of 48.28% is 312.6% above this benchmark. Historically, Donaldson Co's own ROC (Joel Greenblatt) % has ranged from 30.53 to 48.91 over the past decade. While the company's 10-year median is 38.78 vs. the industry median of 11.70, Donaldson Co 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 an Industrial Products company?
The median ROC (Joel Greenblatt) % among Industrial Products companies is 11.70, based on 3,058 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. Donaldson Co's current ROC (Joel Greenblatt) % of 48.28% is 312.6% 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 Donaldson Co and its competitors. For the Industrial Products industry, the median ROC (Joel Greenblatt) % is 11.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Donaldson Co's current ROC (Joel Greenblatt) % is 48.28%, which is 24% above median its own 10-year median of 38.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Donaldson Co stock overvalued right now?
Based on GuruFocus' analysis, Donaldson Co (DCI) is currently considered Fairly Valued. The stock's GF Value™ is $81.27, compared to a current price of $89.54 — trading 10.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 48.28%, which is 24% above median its 10-year median of 38.78 and 312.6% above the Industrial Products industry median of 11.70. Donaldson Co's overall GF Score™ is 94/100 with 1 warning sign 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 Donaldson Co (DCI), the current ROC (Joel Greenblatt) % is 48.28% as of Apr. 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 Donaldson Co (DCI) Overvalued in 2026?
Based on GuruFocus' analysis, Donaldson Co stock appears to be overvalued.
The current stock price of $89.54 is trading 10.2% above its estimated GF Value™ of $81.27.
GuruFocus considers Donaldson Co to be Fairly Valued.
Key valuation signals for DCI:
ROC (Joel Greenblatt) %: 48.28% (24% above median its 10-year median of 38.78)
GF Value™: $81.27 vs. price of $89.54 (10.2% above fair value)
Industry Position: 312.6% above the Industrial Products median (#363 of 3058)
No single metric tells the full story. See the DCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Donaldson is a leading manufacturer of filtration systems and replacement parts, including air filtration systems, liquid filtration systems, and dust, fume, and mist collectors. The company serves a diverse range of end markets, including construction, mining, agriculture, truck, and industrial. Its business is organized into three segments: mobile solutions, industrial solutions, and life sciences. Donaldson generated approximately $3.7 billion in revenue in its fiscal 2025.
94GF Score
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