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. Dexus Industria REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.00%.
The historical rank and industry rank for Dexus Industria REIT's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 12 years, Dexus Industria REIT's highest ROC (Joel Greenblatt) % was 612.47%. The lowest was -2.01%. And the median was 203.12%.
DXSIF's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 178.7 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Dexus Industria REIT's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Dexus Industria REIT (OTCPK:DXSIF) 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.
Dexus Industria REIT ROC (Joel Greenblatt) % Related Terms
Dexus Industria REIT ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Dexus Industria REIT'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.
Dexus Industria REIT ROC (Joel Greenblatt) % Chart
DXSIF vs PLD, PSA, EXR: ROC (Joel Greenblatt) % Comparison
For the REIT - Industrial subindustry, Dexus Industria REIT'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.
Dexus Industria REIT ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Dexus Industria REIT's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dexus Industria REIT's ROC (Joel Greenblatt) % falls into.
Dexus Industria REIT 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 two times the semi-annual (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 0.00% mean?
Dexus Industria REIT (DXSIF) has a ROC (Joel Greenblatt) % of 0.00% 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 Dexus Industria REIT and its competitors. According to the industry distribution chart, Dexus Industria REIT ranks #999999 out of 588 companies in the REITs industry.
Is Dexus Industria REIT's ROC (Joel Greenblatt) % too high?
Dexus Industria REIT's current ROC (Joel Greenblatt) % is 0.00%. Based on the distribution chart, Dexus Industria REIT ranks #999999 out of 588 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Dexus Industria REIT has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Dexus Industria REIT's ROC (Joel Greenblatt) % compare to PLD and PSA?
According to the REITs industry distribution chart, Dexus Industria REIT ranks #999999 out of 588 companies for ROC (Joel Greenblatt) %. This places Dexus Industria REIT in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 178.70. 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 178.70, based on 588 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. 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 Dexus Industria REIT and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 178.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dexus Industria REIT's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dexus Industria REIT stock overvalued right now?
Dexus Industria REIT (DXSIF) has a current ROC (Joel Greenblatt) % of 0.00%. The stock's GF Value™ is $2.68, compared to a current price of $1.78 — trading 33.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. Dexus Industria REIT's overall GF Score™ is 77/100 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 Dexus Industria REIT (DXSIF), the current ROC (Joel Greenblatt) % is 0.00% 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 Dexus Industria REIT (DXSIF) Overvalued in 2026?
Based on GuruFocus' analysis, Dexus Industria REIT stock appears to be undervalued.
The current stock price of $1.78 is trading 33.6% below its estimated GF Value™ of $2.68.
Key valuation signals for DXSIF:
ROC (Joel Greenblatt) %: 0.00%
GF Value™: $2.68 vs. price of $1.78 (33.6% below fair value)
No single metric tells the full story. See the DXSIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dexus Industria REIT acts as an income pass-through investment vehicle. It owns a portfolio of industrial properties and passes the rent generated from leasing out these properties to securityholders. The jewel in the crown is the Jandakot precinct in Western Australia, which accounts for a third of the portfolio's total book value. The rest of the assets are predominantly located in Victoria and New South Wales. The REIT also has a small development pipeline.Dexus Industria was rebranded from APN Industria REIT in 2021, as a result of Dexus' acquisition of APN Property Group. Following the rebrand, Dexus Industria has divested its business parks and transitioned to a pure play industrial REIT. Dexus Industria is externally managed by Dexus, which holds a 18% stake in the REIT.
77GF Score
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