Dycom IndustriesDY -1.54%86 ROC (Joel Greenblatt) % is 32.57% as of Apr. 2026, which is 16% below its 10-year median of 38.57. GuruFocus rates DY with a GF Score™ of 86/100 and a GF Value™ of $268.82 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,776 Construction companies, Dycom Industries ranks better than 71.23% 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. Dycom Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 32.57%.
The historical rank and industry rank for Dycom Industries's ROC (Joel Greenblatt) % or its related term are showing as below:
DY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.69 Med: 38.57 Max: 55.49
Current: 39.45
During the past 13 years, Dycom Industries's highest ROC (Joel Greenblatt) % was 55.49%. The lowest was 15.69%. And the median was 38.57%.
DY's ROC (Joel Greenblatt) % is ranked better than 71.23% of 1776
companies
in the Construction industry
Industry Median: 19.375
vs DY: 39.45
Dycom Industries's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 22.30% 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.
Dycom Industries ROC (Joel Greenblatt) % Related Terms
Dycom Industries ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Dycom Industries'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.
DY vs J, IESC, BLD: ROC (Joel Greenblatt) % Comparison
For the Engineering & Construction subindustry, Dycom Industries'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.
Dycom Industries ROC (Joel Greenblatt) % vs Construction Industry
For the Construction industry and Industrials sector, Dycom Industries's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dycom Industries'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 (Apr. 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 32.57% mean?
Dycom Industries (DY) has a ROC (Joel Greenblatt) % of 32.57% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Dycom Industries and its competitors. This is 16% below median its historical median of 38.57. Over the past decade, Dycom Industries' ROC (Joel Greenblatt) % has ranged from 15.69 to 55.49. According to the industry distribution chart, Dycom Industries ranks #511 out of 1776 companies in the Construction industry, placing it in the top 28.8%.
Is Dycom Industries' ROC (Joel Greenblatt) % too high?
Dycom Industries' current ROC (Joel Greenblatt) % of 32.57% is 16% below median its 10-year median of 38.57. Over the past 10 years, this metric has ranged from a low of 15.69 to a high of 55.49. The Construction industry median ROC (Joel Greenblatt) % is 19.38. Dycom Industries' value of 32.57% is 68.1% above this industry median. Based on the distribution chart, Dycom Industries ranks #511 out of 1776 companies in the Construction industry, which is above the industry midpoint. Overall, Dycom Industries has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dycom Industries' ROC (Joel Greenblatt) % compare to J and IESC?
According to the Construction industry distribution chart, Dycom Industries ranks #511 out of 1776 companies for ROC (Joel Greenblatt) %. This puts Dycom Industries in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 19.38. Dycom Industries' value of 32.57% is 68.1% above this benchmark. Historically, Dycom Industries' own ROC (Joel Greenblatt) % has ranged from 15.69 to 55.49 over the past decade. While the company's 10-year median is 38.57 vs. the industry median of 19.38, Dycom Industries 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 Construction company?
The median ROC (Joel Greenblatt) % among Construction companies is 19.38, based on 1,776 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. Dycom Industries's current ROC (Joel Greenblatt) % of 32.57% is 68.1% 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 Dycom Industries and its competitors. For the Construction industry, the median ROC (Joel Greenblatt) % is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dycom Industries's current ROC (Joel Greenblatt) % is 32.57%, which is 16% below median its own 10-year median of 38.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dycom Industries stock overvalued right now?
Based on GuruFocus' analysis, Dycom Industries (DY) is currently considered Significantly Overvalued. The stock's GF Value™ is $268.82, compared to a current price of $431.00 — trading 60.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 32.57%, which is 16% below median its 10-year median of 38.57 and 68.1% above the Construction industry median of 19.38. Dycom Industries' overall GF Score™ is 86/100 with 3 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 Dycom Industries (DY), the current ROC (Joel Greenblatt) % is 32.57% as of Apr. 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 Dycom Industries (DY) Overvalued in 2026?
Based on GuruFocus' analysis, Dycom Industries stock appears to be overvalued.
The current stock price of $431.00 is trading 60.3% above its estimated GF Value™ of $268.82.
GuruFocus considers Dycom Industries to be Significantly Overvalued.
Key valuation signals for DY:
ROC (Joel Greenblatt) %: 32.57% (16% below median its 10-year median of 38.57)
GF Value™: $268.82 vs. price of $431.00 (60.3% above fair value)
Industry Position: 68.1% above the Construction median (#511 of 1776)
No single metric tells the full story. See the DY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dycom Industries Inc is a provider of specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States. The company has two reporting segments: Communications and Building Systems. The Communications segment provides specialty contracting services, including program management, planning; engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services for telecommunications and digital infrastructure providers. The Building Systems segment specializes in providing comprehensive building infrastructure solutions, including electrical, energy management, security, and fire safety systems for data centers and other critical facilities. The firm generates key revenue from Communications.
86GF Score
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