DoximityDOCS +2.62%82 ROC (Joel Greenblatt) % is 97.76% as of Mar. 2026, which is 85% below its 10-year median of 647.80. GuruFocus rates DOCS with a GF Score™ of 82/100 and a GF Value™ of $49.18 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 673 Healthcare Providers & Services companies, Doximity ranks better than 94.5% 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. Doximity's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 97.76%.
The historical rank and industry rank for Doximity's ROC (Joel Greenblatt) % or its related term are showing as below:
DOCS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 267.17 Med: 647.8 Max: 1226.62
Current: 267.17
During the past 8 years, Doximity's highest ROC (Joel Greenblatt) % was 1226.62%. The lowest was 267.17%. And the median was 647.80%.
DOCS's ROC (Joel Greenblatt) % is ranked better than 94.5% of 673
companies
in the Healthcare Providers & Services industry
Industry Median: 12.46
vs DOCS: 267.17
Doximity's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -12.50% 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.
The historical data trend for Doximity'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.
DOCS vs WAY, TXG, HNGE: ROC (Joel Greenblatt) % Comparison
For the Health Information Services subindustry, Doximity'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.
Doximity ROC (Joel Greenblatt) % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Doximity's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Doximity'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 97.76% mean?
Doximity (DOCS) has a ROC (Joel Greenblatt) % of 97.76% 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 Doximity and its competitors. This is 85% below median its historical median of 647.80. Over the past decade, Doximity's ROC (Joel Greenblatt) % has ranged from 267.17 to 1,226.62. According to the industry distribution chart, Doximity ranks #37 out of 673 companies in the Healthcare Providers & Services industry, placing it in the top 5.5%.
Is Doximity's ROC (Joel Greenblatt) % too high?
Doximity's current ROC (Joel Greenblatt) % of 97.76% is 85% below median its 10-year median of 647.80. Over the past 10 years, this metric has ranged from a low of 267.17 to a high of 1,226.62. The Healthcare Providers & Services industry median ROC (Joel Greenblatt) % is 12.46. Doximity's value of 97.76% is 684.6% above this industry median. Based on the distribution chart, Doximity ranks #37 out of 673 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Doximity has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Doximity's ROC (Joel Greenblatt) % compare to WAY and TXG?
According to the Healthcare Providers & Services industry distribution chart, Doximity ranks #37 out of 673 companies for ROC (Joel Greenblatt) %. This places Doximity in the top 6% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.46. Doximity's value of 97.76% is 684.6% above this benchmark. Historically, Doximity's own ROC (Joel Greenblatt) % has ranged from 267.17 to 1,226.62 over the past decade. While the company's 10-year median is 647.80 vs. the industry median of 12.46, Doximity 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 Healthcare Providers & Services company?
The median ROC (Joel Greenblatt) % among Healthcare Providers & Services companies is 12.46, based on 673 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. Doximity's current ROC (Joel Greenblatt) % of 97.76% is 684.6% 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 Doximity and its competitors. For the Healthcare Providers & Services industry, the median ROC (Joel Greenblatt) % is 12.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Doximity's current ROC (Joel Greenblatt) % is 97.76%, which is 85% below median its own 10-year median of 647.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Doximity stock overvalued right now?
Based on GuruFocus' analysis, Doximity (DOCS) is currently considered Significantly Undervalued. The stock's GF Value™ is $49.18, compared to a current price of $20.37 — trading 58.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 97.76%, which is 85% below median its 10-year median of 647.80 and 684.6% above the Healthcare Providers & Services industry median of 12.46. Doximity's overall GF Score™ is 82/100 with 2 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 Doximity (DOCS), the current ROC (Joel Greenblatt) % is 97.76% 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 Doximity (DOCS) Overvalued in 2026?
Based on GuruFocus' analysis, Doximity stock appears to be undervalued.
The current stock price of $20.37 is trading 58.6% below its estimated GF Value™ of $49.18.
GuruFocus considers Doximity to be Significantly Undervalued.
Key valuation signals for DOCS:
ROC (Joel Greenblatt) %: 97.76% (85% below median its 10-year median of 647.80)
GF Value™: $49.18 vs. price of $20.37 (58.6% below fair value)
Industry Position: 684.6% above the Healthcare Providers & Services median (#37 of 673)
No single metric tells the full story. See the DOCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Doximity Inc provides an online platform, which enables physicians and other healthcare professionals to collaborate with colleagues, stay up to date with the latest medical news and research, manage their careers and on-call schedules, streamline documentation and administrative paperwork, and conduct virtual patient visits. The Company's customers include pharmaceutical companies and health systems that connect with healthcare professionals through the Company's digital Marketing, Hiring, and Workflow Solutions. Marketing Solutions provide customers with the ability to share tailored content on the network. Hiring Solutions enable customers to identify, connect with, and hire from the network of both active and passive potential medical professional candidates.
82GF Score
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