Dubai Investments PJSCDFM:DIC +1.34%60 ROC (Joel Greenblatt) % is 32.81% as of Mar. 2026, which is 15% below its 10-year median of 38.42. GuruFocus rates DFM:DIC with a GF Score™ of 60/100 and a GF Value™ of د.إ2.71 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,749 Real Estate companies, Dubai Investments PJSC ranks better than 73.87% 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 Investments PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 32.81%.
The historical rank and industry rank for Dubai Investments PJSC's ROC (Joel Greenblatt) % or its related term are showing as below:
DFM:DIC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.55 Med: 38.42 Max: 63.37
Current: 62.22
During the past 13 years, Dubai Investments PJSC's highest ROC (Joel Greenblatt) % was 63.37%. The lowest was 7.55%. And the median was 38.42%.
DFM:DIC's ROC (Joel Greenblatt) % is ranked better than 73.87% of 1749
companies
in the Real Estate industry
Industry Median: 12.55
vs DFM:DIC: 62.22
Dubai Investments PJSC's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 52.60% 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.
Dubai Investments PJSC ROC (Joel Greenblatt) % Related Terms
Dubai Investments PJSC ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Dubai Investments PJSC'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.
For the Real Estate - Development subindustry, Dubai Investments 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 Investments PJSC ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Dubai Investments PJSC's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dubai Investments 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 32.81% mean?
Dubai Investments PJSC (DFM:DIC) has a ROC (Joel Greenblatt) % of 32.81% 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 Investments PJSC and its competitors. This is 15% below median its historical median of 38.42. Over the past decade, Dubai Investments PJSC's ROC (Joel Greenblatt) % has ranged from 7.55 to 63.37. According to the industry distribution chart, Dubai Investments PJSC ranks #457 out of 1749 companies in the Real Estate industry, placing it in the top 26.1%.
Is Dubai Investments PJSC's ROC (Joel Greenblatt) % too high?
Dubai Investments PJSC's current ROC (Joel Greenblatt) % of 32.81% is 15% below median its 10-year median of 38.42. Over the past 10 years, this metric has ranged from a low of 7.55 to a high of 63.37. The Real Estate industry median ROC (Joel Greenblatt) % is 12.55. Dubai Investments PJSC's value of 32.81% is 161.4% above this industry median. Based on the distribution chart, Dubai Investments PJSC ranks #457 out of 1749 companies in the Real Estate industry, which is above the industry midpoint. Overall, Dubai Investments PJSC has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dubai Investments PJSC's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Dubai Investments PJSC ranks #457 out of 1749 companies for ROC (Joel Greenblatt) %. This puts Dubai Investments PJSC in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.55. Dubai Investments PJSC's value of 32.81% is 161.4% above this benchmark. Historically, Dubai Investments PJSC's own ROC (Joel Greenblatt) % has ranged from 7.55 to 63.37 over the past decade. While the company's 10-year median is 38.42 vs. the industry median of 12.55, Dubai Investments 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 12.55, based on 1,749 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 Investments PJSC's current ROC (Joel Greenblatt) % of 32.81% is 161.4% 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 Investments PJSC and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dubai Investments PJSC's current ROC (Joel Greenblatt) % is 32.81%, which is 15% below median its own 10-year median of 38.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dubai Investments PJSC stock overvalued right now?
Based on GuruFocus' analysis, Dubai Investments PJSC (DFM:DIC) is currently considered Significantly Overvalued. The stock's GF Value™ is د.إ2.71, compared to a current price of د.إ3.79 — trading 39.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 32.81%, which is 15% below median its 10-year median of 38.42 and 161.4% above the Real Estate industry median of 12.55. Dubai Investments PJSC's overall GF Score™ is 60/100 with 6 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 Investments PJSC (DFM:DIC), the current ROC (Joel Greenblatt) % is 32.81% 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 Investments PJSC (DFM:DIC) Overvalued in 2026?
Based on GuruFocus' analysis, Dubai Investments PJSC stock appears to be overvalued.
The current stock price of د.إ3.79 is trading 39.9% above its estimated GF Value™ of د.إ2.71.
GuruFocus considers Dubai Investments PJSC to be Significantly Overvalued.
Key valuation signals for DFM:DIC:
ROC (Joel Greenblatt) %: 32.81% (15% below median its 10-year median of 38.42)
GF Value™: د.إ2.71 vs. price of د.إ3.79 (39.9% above fair value)
Industry Position: 161.4% above the Real Estate median (#457 of 1749)
No single metric tells the full story. See the DFM:DIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dubai Investments PJSC is an investment company with a focus on real estate, manufacturing, industrial, and financial investments across the Middle East. The operations are divided into three segments: The Property segment develops real estate for sale and leasing. The Manufacturing, Contracting, and Services segment manufactures and sells materials used in construction projects, executes construction contracts, produces raw and architectural glass, pharmaceutical products, cooling services, produces aluminum extruded products, laboratory furniture, healthcare, and education. The Investments segment includes strategic minority investments in associates, investment banking, asset management, and financial investments. It generates the majority of its revenue from the Property segment.
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