Dexus (DEXSF) ROC (Joel Greenblatt) %: 757.24% (As of Dec. 2025) — 21% Above Median


DEXSF Dexus DEXSF
60 GF Score
Price $3.80
GF Value $5.70
Valuation Possible Value Trap
! 7 Warning Signs
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What is Dexus ROC (Joel Greenblatt) %?

Dexus DEXSF 60 ROC (Joel Greenblatt) % is 757.24% as of Dec. 2025, which is 21% above its 10-year median of 625.74. GuruFocus rates DEXSF with a GF Score™ of 60/100 and a GF Value™ of $5.70 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 587 REITs companies, Dexus ranks better than 56.56% 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. Dexus's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 757.24%.

The historical rank and industry rank for Dexus's ROC (Joel Greenblatt) % or its related term are showing as below:

DEXSF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -270.37   Med: 625.74   Max: 11689.51
Current: 271.35

During the past 13 years, Dexus's highest ROC (Joel Greenblatt) % was 11689.51%. The lowest was -270.37%. And the median was 625.74%.

DEXSF's ROC (Joel Greenblatt) % is ranked better than
56.56% of 587 companies
in the REITs industry
Industry Median: 174.41 vs DEXSF: 271.35

Dexus's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Dexus  (OTCPK:DEXSF) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Dexus ROC (Joel Greenblatt) % Related Terms


Dexus ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Dexus'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.

Dexus ROC (Joel Greenblatt) % Chart

Dexus Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 678.89 5,868.48 -118.43 -267.74 313.71

Dexus Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -189.84 -1,890.57 90.72 136.64 757.24

DEXSF vs BXP, ARE, VNO: ROC (Joel Greenblatt) % Comparison

For the REIT - Office subindustry, Dexus'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.


Dexus ROC (Joel Greenblatt) % vs REITs Industry

For the REITs industry and Real Estate sector, Dexus's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Dexus's ROC (Joel Greenblatt) % falls into.


DEXSF
60GF Score
Dexus DEXSF
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dexus ROC (Joel Greenblatt) % Calculation

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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.938 + 0 + 111.263) - (300.456 + 0 + 40.43)
=-218.685

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(186.047 + 0 + 102.325) - (133.555 + 0 + 187.774)
=-32.957

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Dexus for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=614.22/( ( (79.102 + max(-218.685, 0)) + (83.123 + max(-32.957, 0)) )/ 2 )
=614.22/( ( 79.102 + 83.123 )/ 2 )
=614.22/81.1125
=757.24 %

Note: The EBIT data used here is two times the semi-annual (Dec. 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 757.24% mean?
Dexus (DEXSF) has a ROC (Joel Greenblatt) % of 757.24% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Dexus and its competitors. This is 21% above median its historical median of 625.74. According to the industry distribution chart, Dexus ranks #255 out of 587 companies in the REITs industry, placing it in the top 43.4%.
Is Dexus' ROC (Joel Greenblatt) % too high?
Dexus' current ROC (Joel Greenblatt) % of 757.24% is 21% above median its 10-year median of 625.74. The REITs industry median ROC (Joel Greenblatt) % is 174.41. Dexus' value of 757.24% is 334.2% above this industry median. Based on the distribution chart, Dexus ranks #255 out of 587 companies in the REITs industry, which is above the industry midpoint. Overall, Dexus has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dexus' ROC (Joel Greenblatt) % compare to BXP and ARE?
According to the REITs industry distribution chart, Dexus ranks #255 out of 587 companies for ROC (Joel Greenblatt) %. This puts Dexus in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 174.41. Dexus' value of 757.24% is 334.2% above this benchmark. While the company's 10-year median is 625.74 vs. the industry median of 174.41, Dexus 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 174.41, based on 587 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. Dexus's current ROC (Joel Greenblatt) % of 757.24% is 334.2% 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 Dexus and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 174.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dexus's current ROC (Joel Greenblatt) % is 757.24%, which is 21% above median its own 10-year median of 625.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dexus stock overvalued right now?
Based on GuruFocus' analysis, Dexus (DEXSF) is currently considered Possible Value Trap. The stock's GF Value™ is $5.70, compared to a current price of $3.80 — trading 33.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 757.24%, which is 21% above median its 10-year median of 625.74 and 334.2% above the REITs industry median of 174.41. Dexus' overall GF Score™ is 60/100 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 Dexus (DEXSF), the current ROC (Joel Greenblatt) % is 757.24% as of Dec. 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 Dexus (DEXSF) Overvalued in 2026?

Based on GuruFocus' analysis, Dexus stock appears to be undervalued. The current stock price of $3.80 is trading 33.3% below its estimated GF Value™ of $5.70. GuruFocus considers Dexus to be Possible Value Trap.

Key valuation signals for DEXSF:

  • ROC (Joel Greenblatt) %: 757.24% (21% above median its 10-year median of 625.74)
  • GF Value™: $5.70 vs. price of $3.80 (33.3% below fair value)
  • GF Score™: 60/100 with 7 warning signs
  • Industry Position: 334.2% above the REITs median (#255 of 587)

No single metric tells the full story. See the DEXSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dexus Business Description

Industry Real EstateREITs
Other Exchanges DXS:Australia
Address Level 30, 50 Bridge Street, Sydney, NSW, AUS, 2000
Dexus has ownership interest in, manages, and develops a portfolio of office and industrial assets, about half located in Sydney. The office portfolio contributes nearly two-thirds of group earnings, and industrial assets account for about 15%. Dexus also manages third-party assets and has a funds management platform with AUD 36 billion in funds under management as of Dec. 31, 2025, spanning office, industrial, retail, healthcare, infrastructure, and their adjacent sectors. The REIT has stakes in many of the pooled funds, earning distribution income. Management is internalized, in contrast to some of its peers.
60GF Score

Get the complete analysis for DEXSF

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.80
Price
$5.70
GF Value