DHX (DHI Group) ROC (Joel Greenblatt) %: 70.75% (As of Mar. 2026) — 234% Above Median


DHX DHI Group Inc DHX
56 GF Score
Price $3.70
GF Value $2.10
Valuation Significantly Overvalued
! 7 Warning Signs
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What is DHI Group ROC (Joel Greenblatt) %?

DHI Group DHX -2.63% 56 ROC (Joel Greenblatt) % is 70.75% as of Mar. 2026, which is 234% above its 10-year median of 21.16. GuruFocus rates DHX with a GF Score™ of 56/100 and a GF Value™ of $2.10 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,807 Software companies, DHI Group ranks worse than 61.42% 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. DHI Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 70.75%.

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

DHX' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -93.08   Med: 21.16   Max: 139.46
Current: 0.14

During the past 13 years, DHI Group's highest ROC (Joel Greenblatt) % was 139.46%. The lowest was -93.08%. And the median was 21.16%.

DHX's ROC (Joel Greenblatt) % is ranked worse than
61.42% of 2807 companies
in the Software industry
Industry Median: 19.62 vs DHX: 0.14

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


DHI Group  (NYSE:DHX) 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.


DHI Group ROC (Joel Greenblatt) % Related Terms


DHI Group ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for DHI Group'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.

DHI Group ROC (Joel Greenblatt) % Chart

DHI Group 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 -1.19 18.72 24.55 21.60 -54.89

DHI Group 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 -142.98 -21.96 -81.49 56.69 70.75

DHX vs RTB, EXFY, TRAK: ROC (Joel Greenblatt) % Comparison

For the Software - Application subindustry, DHI 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.


DHI Group ROC (Joel Greenblatt) % vs Software Industry

For the Software industry and Technology sector, DHI Group's ROC (Joel Greenblatt) % distribution charts can be found below:

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


DHX
56GF Score
DHI Group Inc DHX
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
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DHI 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:

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)
=(17.963 + 0 + 3.461) - (13.636 + 39.653 + 0)
=-31.865

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.085 + 0 + 3.342) - (11.628 + 44.275 + 0)
=-33.476

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of DHI Group 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 )
=12.164/( ( (17.654 + max(-31.865, 0)) + (16.734 + max(-33.476, 0)) )/ 2 )
=12.164/( ( 17.654 + 16.734 )/ 2 )
=12.164/17.194
=70.75 %

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 70.75% mean?
DHI Group (DHX) has a ROC (Joel Greenblatt) % of 70.75% 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 DHI Group and its competitors. This is 234% above median its historical median of 21.16. According to the industry distribution chart, DHI Group ranks #1724 out of 2807 companies in the Software industry, placing it in the top 61.4%.
Is DHI Group's ROC (Joel Greenblatt) % too high?
DHI Group's current ROC (Joel Greenblatt) % of 70.75% is 234% above median its 10-year median of 21.16. The Software industry median ROC (Joel Greenblatt) % is 19.62. DHI Group's value of 70.75% is 260.6% above this industry median. Based on the distribution chart, DHI Group ranks #1724 out of 2807 companies in the Software industry, which is below the industry midpoint. Overall, DHI Group has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DHI Group's ROC (Joel Greenblatt) % compare to RTB and EXFY?
According to the Software industry distribution chart, DHI Group ranks #1724 out of 2807 companies for ROC (Joel Greenblatt) %. This places DHI Group in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 19.62. DHI Group's value of 70.75% is 260.6% above this benchmark. While the company's 10-year median is 21.16 vs. the industry median of 19.62, DHI 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 a Software company?
The median ROC (Joel Greenblatt) % among Software companies is 19.62, based on 2,807 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. DHI Group's current ROC (Joel Greenblatt) % of 70.75% is 260.6% 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 DHI Group and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DHI Group's current ROC (Joel Greenblatt) % is 70.75%, which is 234% above median its own 10-year median of 21.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DHI Group stock overvalued right now?
Based on GuruFocus' analysis, DHI Group (DHX) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.10, compared to a current price of $3.70 — trading 76.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 70.75%, which is 234% above median its 10-year median of 21.16 and 260.6% above the Software industry median of 19.62. DHI Group's overall GF Score™ is 56/100 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 DHI Group (DHX), the current ROC (Joel Greenblatt) % is 70.75% 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 DHI Group (DHX) Overvalued in 2026?

Based on GuruFocus' analysis, DHI Group stock appears to be overvalued. The current stock price of $3.70 is trading 76.2% above its estimated GF Value™ of $2.10. GuruFocus considers DHI Group to be Significantly Overvalued.

Key valuation signals for DHX:

  • ROC (Joel Greenblatt) %: 70.75% (234% above median its 10-year median of 21.16)
  • GF Value™: $2.10 vs. price of $3.70 (76.2% above fair value)
  • GF Score™: 56/100 with 7 warning signs
  • Industry Position: 260.6% above the Software median (#1724 of 2807)

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


DHI Group Business Description

Other Exchanges 32D:Germany
Address 6465 South Greenwood Plaza, Suite 400, Centennial, CO, USA, 80111
DHI Group Inc is a provider of software products, online tools, and services that deliver career marketplaces to candidates and employers in the United States. The company operates through two reportable segments: ClearanceJobs and Dice. Its brands enable recruiters and hiring managers to search, match, and connect with skilled technologists, particularly in technology and active government security clearance, while professionals find job opportunities, job advice, and personalized data. ClearanceJobs connects security-cleared professionals with employers in a secure environment and supports engagement through messaging and live video. Dice, which generates maximum revenue, is a destination for technology and engineering talent, offering job postings across a range of technology roles.
56GF Score

Get the complete analysis for DHX

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

$3.70
Price
$2.10
GF Value