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. Diamond Hill Investment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 253.30%.
The historical rank and industry rank for Diamond Hill Investment Group's ROC (Joel Greenblatt) % or its related term are showing as below:
DHIL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 328.46 Med: 1105.45 Max: 1841.72
Current: 328.46
During the past 13 years, Diamond Hill Investment Group's highest ROC (Joel Greenblatt) % was 1841.72%. The lowest was 328.46%. And the median was 1105.45%.
DHIL's ROC (Joel Greenblatt) % is not ranked
in the Asset Management industry.
Industry Median: 62.7
vs DHIL: 328.46
Diamond Hill Investment Group (NAS:DHIL) 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.
* 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.
Diamond Hill Investment Group ROC (Joel Greenblatt) % Chart
DHIL vs IGD, HPS, ETO: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Diamond Hill Investment Group'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.
Diamond Hill Investment Group ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Diamond Hill Investment Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Diamond Hill Investment Group's ROC (Joel Greenblatt) % falls into.
Diamond Hill Investment Group 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:
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 (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 253.30% mean?
Diamond Hill Investment Group (DHIL) has a ROC (Joel Greenblatt) % of 253.30% 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 Diamond Hill Investment Group and its competitors. This is 77% below median its historical median of 1,105.45. Over the past decade, Diamond Hill Investment Group's ROC (Joel Greenblatt) % has ranged from 328.46 to 1,841.72.
Is Diamond Hill Investment Group's ROC (Joel Greenblatt) % too high?
Diamond Hill Investment Group's current ROC (Joel Greenblatt) % of 253.30% is 77% below median its 10-year median of 1,105.45. Over the past 10 years, this metric has ranged from a low of 328.46 to a high of 1,841.72. The Asset Management industry median ROC (Joel Greenblatt) % is 62.70. Diamond Hill Investment Group's value of 253.30% is 304% above this industry median. Overall, Diamond Hill Investment Group has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Diamond Hill Investment Group's ROC (Joel Greenblatt) % compare to IGD and HPS?
Diamond Hill Investment Group's ROC (Joel Greenblatt) % of 253.30% can be compared against companies in the Asset Management industry. The industry median ROC (Joel Greenblatt) % is 62.70. Diamond Hill Investment Group's value of 253.30% is 304% above this benchmark. Historically, Diamond Hill Investment Group's own ROC (Joel Greenblatt) % has ranged from 328.46 to 1,841.72 over the past decade. While the company's 10-year median is 1,105.45 vs. the industry median of 62.70, Diamond Hill Investment Group 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 Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 62.70, based on 626 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. Diamond Hill Investment Group's current ROC (Joel Greenblatt) % of 253.30% is 304% 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 Diamond Hill Investment Group and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 62.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Diamond Hill Investment Group's current ROC (Joel Greenblatt) % is 253.30%, which is 77% below median its own 10-year median of 1,105.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diamond Hill Investment Group stock overvalued right now?
Diamond Hill Investment Group (DHIL) has a current ROC (Joel Greenblatt) % of 253.30%. The stock's GF Value™ is $170.76, compared to a current price of $174.99 — trading 2.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 253.30%, which is 77% below median its 10-year median of 1,105.45 and 304% above the Asset Management industry median of 62.70. Diamond Hill Investment Group's overall GF Score™ is 53/100 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 Diamond Hill Investment Group (DHIL), the current ROC (Joel Greenblatt) % is 253.30% 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 Diamond Hill Investment Group (DHIL) Overvalued in 2026?
Based on GuruFocus' analysis, Diamond Hill Investment Group stock appears to be overvalued.
The current stock price of $174.99 is trading 2.5% above its estimated GF Value™ of $170.76.
Key valuation signals for DHIL:
ROC (Joel Greenblatt) %: 253.30% (77% below median its 10-year median of 1,105.45)
GF Value™: $170.76 vs. price of $174.99 (2.5% above fair value)
Industry Position: 304% above the Asset Management median
No single metric tells the full story. See the DHIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Diamond Hill Investment Group Business Description
Diamond Hill Investment Group Inc derives its consolidated revenues and net income from investment advisory and fund administration services provided by its subsidiary. It is a registered investment adviser. The company is the investment adviser and administrator for the Proprietary Funds. It also provides investment advisory services to DHMF, SMAs, CITs, other pooled vehicles including sub-advised funds, and model delivery programs.
53GF Score
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