Dubai Financial Market PJSCDFM:DFM 97 ROC (Joel Greenblatt) % is 2,394.08% as of Mar. 2026, which is 3534% above its 10-year median of 65.88. GuruFocus rates DFM:DFM with a GF Score™ of 97/100 and a GF Value™ of د.إ1.88 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 678 Capital Markets companies, Dubai Financial Market PJSC ranks better than 96.76% 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. Dubai Financial Market PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2,394.08%.
The historical rank and industry rank for Dubai Financial Market PJSC's ROC (Joel Greenblatt) % or its related term are showing as below:
DFM:DFM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 29.7 Med: 65.88 Max: 3056.41
Current: 3056.41
During the past 13 years, Dubai Financial Market PJSC's highest ROC (Joel Greenblatt) % was 3056.41%. The lowest was 29.70%. And the median was 65.88%.
DFM:DFM's ROC (Joel Greenblatt) % is ranked better than 96.76% of 678
companies
in the Capital Markets industry
Industry Median: 34.64
vs DFM:DFM: 3056.41
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.
* 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.
DFM:DFM vs SPGI, CME, ICE: ROC (Joel Greenblatt) % Comparison
For the Financial Data & Stock Exchanges subindustry, Dubai Financial Market PJSC'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.
Dubai Financial Market PJSC ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Dubai Financial Market PJSC's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dubai Financial Market PJSC'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 2,394.08% mean?
Dubai Financial Market PJSC (DFM:DFM) has a ROC (Joel Greenblatt) % of 2,394.08% 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 Dubai Financial Market PJSC and its competitors. This is 3534% above median its historical median of 65.88. Over the past decade, Dubai Financial Market PJSC's ROC (Joel Greenblatt) % has ranged from 29.70 to 3,056.41. According to the industry distribution chart, Dubai Financial Market PJSC ranks #22 out of 678 companies in the Capital Markets industry, placing it in the top 3.2%.
Is Dubai Financial Market PJSC's ROC (Joel Greenblatt) % too high?
Dubai Financial Market PJSC's current ROC (Joel Greenblatt) % of 2,394.08% is 3534% above median its 10-year median of 65.88. Over the past 10 years, this metric has ranged from a low of 29.70 to a high of 3,056.41. The Capital Markets industry median ROC (Joel Greenblatt) % is 34.64. Dubai Financial Market PJSC's value of 2,394.08% is 6811.3% above this industry median. Based on the distribution chart, Dubai Financial Market PJSC ranks #22 out of 678 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Dubai Financial Market PJSC has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dubai Financial Market PJSC's ROC (Joel Greenblatt) % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Dubai Financial Market PJSC ranks #22 out of 678 companies for ROC (Joel Greenblatt) %. This places Dubai Financial Market PJSC in the top 3% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 34.64. Dubai Financial Market PJSC's value of 2,394.08% is 6811.3% above this benchmark. Historically, Dubai Financial Market PJSC's own ROC (Joel Greenblatt) % has ranged from 29.70 to 3,056.41 over the past decade. While the company's 10-year median is 65.88 vs. the industry median of 34.64, Dubai Financial Market PJSC 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 34.64, based on 678 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. Dubai Financial Market PJSC's current ROC (Joel Greenblatt) % of 2,394.08% is 6811.3% 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 Dubai Financial Market PJSC and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 34.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dubai Financial Market PJSC's current ROC (Joel Greenblatt) % is 2,394.08%, which is 3534% above median its own 10-year median of 65.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dubai Financial Market PJSC stock overvalued right now?
Based on GuruFocus' analysis, Dubai Financial Market PJSC (DFM:DFM) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ1.88, compared to a current price of د.إ1.50 — trading 20.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 2,394.08%, which is 3534% above median its 10-year median of 65.88 and 6811.3% above the Capital Markets industry median of 34.64. Dubai Financial Market PJSC's overall GF Score™ is 97/100 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 Dubai Financial Market PJSC (DFM:DFM), the current ROC (Joel Greenblatt) % is 2,394.08% 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 Dubai Financial Market PJSC (DFM:DFM) Overvalued in 2026?
Based on GuruFocus' analysis, Dubai Financial Market PJSC stock appears to be undervalued.
The current stock price of د.إ1.50 is trading 20.2% below its estimated GF Value™ of د.إ1.88.
GuruFocus considers Dubai Financial Market PJSC to be Modestly Undervalued.
Key valuation signals for DFM:DFM:
ROC (Joel Greenblatt) %: 2,394.08% (3534% above median its 10-year median of 65.88)
GF Value™: د.إ1.88 vs. price of د.إ1.50 (20.2% below fair value)
Industry Position: 6811.3% above the Capital Markets median (#22 of 678)
No single metric tells the full story. See the DFM:DFM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dubai Financial Market PJSC operates as a regulated secondary market for the trading of securities issued by public shareholding companies, bonds issued by federal or local governments, local public institutions, and mutual funds as well as other local or foreign financial instruments. The company is focused on trading in financial instruments, acting as a commercial, industrial and agricultural holding and trust company, financial investment consultancy, and brokerage in local and foreign shares and bonds. It is engaged in a single segment of operating stock exchanges and related clearing house. The company derives the majority of revenue from Trading commission fees and rest from Brokerage fees, Clearing, settlement and depository fees, Listing and market data fees, and Other fees.
97GF Score
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