Dorchester Minerals LPDMLP 86 ROC (Joel Greenblatt) % is 45.55% as of Mar. 2026, which is 28% below its 10-year median of 63.34. GuruFocus rates DMLP with a GF Score™ of 86/100 and a GF Value™ of $25.41 (Fairly Valued). The stock has 9 warning signs investors should review. Among 999 Oil & Gas companies, Dorchester Minerals LP ranks better than 82.28% 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. Dorchester Minerals LP's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 45.55%.
The historical rank and industry rank for Dorchester Minerals LP's ROC (Joel Greenblatt) % or its related term are showing as below:
DMLP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 19.9 Med: 63.34 Max: 111.46
Current: 25.22
During the past 13 years, Dorchester Minerals LP's highest ROC (Joel Greenblatt) % was 111.46%. The lowest was 19.90%. And the median was 63.34%.
DMLP's ROC (Joel Greenblatt) % is ranked better than 82.28% of 999
companies
in the Oil & Gas industry
Industry Median: 8.41
vs DMLP: 25.22
Dorchester Minerals LP's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -9.40% 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.
Dorchester Minerals LP ROC (Joel Greenblatt) % Related Terms
Dorchester Minerals LP ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Dorchester Minerals LP'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.
DMLP vs KOS, TBN, KRP: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas E&P subindustry, Dorchester Minerals LP'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.
Dorchester Minerals LP ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Dorchester Minerals LP's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dorchester Minerals LP'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 45.55% mean?
Dorchester Minerals LP (DMLP) has a ROC (Joel Greenblatt) % of 45.55% 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 Dorchester Minerals LP and its competitors. This is 28% below median its historical median of 63.34. Over the past decade, Dorchester Minerals LP's ROC (Joel Greenblatt) % has ranged from 19.90 to 111.46. According to the industry distribution chart, Dorchester Minerals LP ranks #177 out of 999 companies in the Oil & Gas industry, placing it in the top 17.7%.
Is Dorchester Minerals LP's ROC (Joel Greenblatt) % too high?
Dorchester Minerals LP's current ROC (Joel Greenblatt) % of 45.55% is 28% below median its 10-year median of 63.34. Over the past 10 years, this metric has ranged from a low of 19.90 to a high of 111.46. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.41. Dorchester Minerals LP's value of 45.55% is 441.6% above this industry median. Based on the distribution chart, Dorchester Minerals LP ranks #177 out of 999 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Dorchester Minerals LP has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dorchester Minerals LP's ROC (Joel Greenblatt) % compare to KOS and TBN?
According to the Oil & Gas industry distribution chart, Dorchester Minerals LP ranks #177 out of 999 companies for ROC (Joel Greenblatt) %. This places Dorchester Minerals LP in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.41. Dorchester Minerals LP's value of 45.55% is 441.6% above this benchmark. Historically, Dorchester Minerals LP's own ROC (Joel Greenblatt) % has ranged from 19.90 to 111.46 over the past decade. While the company's 10-year median is 63.34 vs. the industry median of 8.41, Dorchester Minerals LP 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 Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.41, based on 999 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. Dorchester Minerals LP's current ROC (Joel Greenblatt) % of 45.55% is 441.6% 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 Dorchester Minerals LP and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dorchester Minerals LP's current ROC (Joel Greenblatt) % is 45.55%, which is 28% below median its own 10-year median of 63.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dorchester Minerals LP stock overvalued right now?
Based on GuruFocus' analysis, Dorchester Minerals LP (DMLP) is currently considered Fairly Valued. The stock's GF Value™ is $25.41, compared to a current price of $25.38 — trading 0.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 45.55%, which is 28% below median its 10-year median of 63.34 and 441.6% above the Oil & Gas industry median of 8.41. Dorchester Minerals LP's overall GF Score™ is 86/100 with 9 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 Dorchester Minerals LP (DMLP), the current ROC (Joel Greenblatt) % is 45.55% 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 Dorchester Minerals LP (DMLP) Overvalued in 2026?
Based on GuruFocus' analysis, Dorchester Minerals LP stock appears to be undervalued.
The current stock price of $25.38 is trading 0.1% below its estimated GF Value™ of $25.41.
GuruFocus considers Dorchester Minerals LP to be Fairly Valued.
Key valuation signals for DMLP:
ROC (Joel Greenblatt) %: 45.55% (28% below median its 10-year median of 63.34)
GF Value™: $25.41 vs. price of $25.38 (0.1% below fair value)
Industry Position: 441.6% above the Oil & Gas median (#177 of 999)
No single metric tells the full story. See the DMLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dorchester Minerals LP operates as the owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests. The company generates revenues from royalties, net profits interests, lease bonuses, and others.
86GF Score
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