DFDDF (DFDS AS) ROC (Joel Greenblatt) %: 1.07% (As of Mar. 2026) — 90% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

DFDDF DFDS AS DFDDF
67 GF Score
Price $20.64
GF Value $23.79
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is DFDS AS ROC (Joel Greenblatt) %?

DFDS AS DFDDF 67 ROC (Joel Greenblatt) % is 1.07% as of Mar. 2026, which is 90% below its 10-year median of 10.93. GuruFocus rates DFDDF with a GF Score™ of 67/100 and a GF Value™ of $23.79 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 998 Transportation companies, DFDS AS ranks worse than 81.06% 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. DFDS AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.07%.

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

DFDDF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.33   Med: 10.93   Max: 19.11
Current: 3.12

During the past 13 years, DFDS AS's highest ROC (Joel Greenblatt) % was 19.11%. The lowest was 2.33%. And the median was 10.93%.

DFDDF's ROC (Joel Greenblatt) % is ranked worse than
81.06% of 998 companies
in the Transportation industry
Industry Median: 11.76 vs DFDDF: 3.12

DFDS AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -9.30% per year.


DFDS AS  (OTCPK:DFDDF) 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.


DFDS AS ROC (Joel Greenblatt) % Related Terms


DFDS AS ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for DFDS AS'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.

DFDS AS ROC (Joel Greenblatt) % Chart

DFDS AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.27 12.07 11.27 6.82 2.46

DFDS AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -1.86 3.32 10.35 -2.23 1.07

DFDS AS ROC (Joel Greenblatt) % Competitor Comparison

For the Marine Shipping subindustry, DFDS AS'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.


DFDS AS ROC (Joel Greenblatt) % vs Transportation Industry

For the Transportation industry and Industrials sector, DFDS AS's ROC (Joel Greenblatt) % distribution charts can be found below:

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


DFDDF
67GF Score
DFDS AS DFDDF
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DFDS AS 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: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(528.032 + 39.979 + 142.982) - (675.091 + 0 + 253.512)
=-217.61

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(576.617 + 54.909 + 79.037) - (806.614 + 0 + 189.473)
=-285.524

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of DFDS AS for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=34.028/( ( (3218.989 + max(-217.61, 0)) + (3163.813 + max(-285.524, 0)) )/ 2 )
=34.028/( ( 3218.989 + 3163.813 )/ 2 )
=34.028/3191.401
=1.07 %

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 1.07% mean?
DFDS AS (DFDDF) has a ROC (Joel Greenblatt) % of 1.07% 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 DFDS AS and its competitors. This is 90% below median its historical median of 10.93. Over the past decade, DFDS AS's ROC (Joel Greenblatt) % has ranged from 2.33 to 19.11. According to the industry distribution chart, DFDS AS ranks #809 out of 998 companies in the Transportation industry, placing it in the top 81.1%.
Is DFDS AS's ROC (Joel Greenblatt) % too high?
DFDS AS's current ROC (Joel Greenblatt) % of 1.07% is 90% below median its 10-year median of 10.93. Over the past 10 years, this metric has ranged from a low of 2.33 to a high of 19.11. The Transportation industry median ROC (Joel Greenblatt) % is 11.76. DFDS AS's value of 1.07% is 90.9% below this industry median. Based on the distribution chart, DFDS AS ranks #809 out of 998 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, DFDS AS has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DFDS AS's ROC (Joel Greenblatt) % compare to competitors?
According to the Transportation industry distribution chart, DFDS AS ranks #809 out of 998 companies for ROC (Joel Greenblatt) %. This places DFDS AS in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.76. DFDS AS's value of 1.07% is 90.9% below this benchmark. Historically, DFDS AS's own ROC (Joel Greenblatt) % has ranged from 2.33 to 19.11 over the past decade. While the company's 10-year median is 10.93 vs. the industry median of 11.76, DFDS AS 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.76, based on 998 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. DFDS AS's current ROC (Joel Greenblatt) % of 1.07% is 90.9% 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 DFDS AS and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DFDS AS's current ROC (Joel Greenblatt) % is 1.07%, which is 90% below median its own 10-year median of 10.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DFDS AS stock overvalued right now?
Based on GuruFocus' analysis, DFDS AS (DFDDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $23.79, compared to a current price of $20.64 — trading 13.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 1.07%, which is 90% below median its 10-year median of 10.93 and 90.9% below the Transportation industry median of 11.76. DFDS AS's overall GF Score™ is 67/100 with 8 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 DFDS AS (DFDDF), the current ROC (Joel Greenblatt) % is 1.07% 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 DFDS AS (DFDDF) Overvalued in 2026?

Based on GuruFocus' analysis, DFDS AS stock appears to be undervalued. The current stock price of $20.64 is trading 13.3% below its estimated GF Value™ of $23.79. GuruFocus considers DFDS AS to be Modestly Undervalued.

Key valuation signals for DFDDF:

  • ROC (Joel Greenblatt) %: 1.07% (90% below median its 10-year median of 10.93)
  • GF Value™: $23.79 vs. price of $20.64 (13.3% below fair value)
  • GF Score™: 67/100 with 8 warning signs
  • Industry Position: 90.9% below the Transportation median (#809 of 998)

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


DFDS AS Business Description

Address Marmorvej 18, Copenhagen, DNK, DK-2100
DFDS AS is a transportation and logistics company domiciled in Denmark. The two main divisions are the ferry division and the logistics division. The ferry division operates ferry routes around Europe, transporting freight, passengers, and passenger cruise ferries. The logistics division provides transport solutions for full and part loads as well as contract logistics solutions, including warehousing. Its main customers include manufacturers of industrial goods. The company generates the majority of its revenue from the ferry division. It has a presence in geographical markets such as the North Sea, the Mediterranean, the Baltic and Channel, Continental, Nordic, and the UK/Ireland.
67GF Score

Get the complete analysis for DFDDF

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

$20.64
Price
$23.79
GF Value