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Dentsu GroupFRA:DEN +3.95%69 ROC (Joel Greenblatt) % is 203.83% as of Mar. 2026, which is 250% above its 10-year median of 58.21. GuruFocus rates FRA:DEN with a GF Score™ of 69/100 and a GF Value™ of €22.45 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,018 Media - Diversified companies, Dentsu Group ranks worse than 86.15% 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. Dentsu Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 203.83%.
The historical rank and industry rank for Dentsu Group's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:DEN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -197.48 Med: 58.21 Max: 109.75
Current: -157.24
During the past 13 years, Dentsu Group's highest ROC (Joel Greenblatt) % was 109.75%. The lowest was -197.48%. And the median was 58.21%.
FRA:DEN's ROC (Joel Greenblatt) % is ranked worse than 86.15% of 1018
companies
in the Media - Diversified industry
Industry Median: 9.685
vs FRA:DEN: -157.24
Dentsu Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Dentsu Group (FRA:DEN) 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.
Dentsu Group ROC (Joel Greenblatt) % Related Terms
Dentsu Group ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Dentsu 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.
FRA:DEN vs APP, OMC, TTD: ROC (Joel Greenblatt) % Comparison
For the Advertising Agencies subindustry, Dentsu 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.
Dentsu Group ROC (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Dentsu Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dentsu Group'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 203.83% mean?
Dentsu Group (FRA:DEN) has a ROC (Joel Greenblatt) % of 203.83% 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 Dentsu Group and its competitors. This is 250% above median its historical median of 58.21. According to the industry distribution chart, Dentsu Group ranks #877 out of 1018 companies in the Media - Diversified industry, placing it in the top 86.1%.
Is Dentsu Group's ROC (Joel Greenblatt) % too high?
Dentsu Group's current ROC (Joel Greenblatt) % of 203.83% is 250% above median its 10-year median of 58.21. The Media - Diversified industry median ROC (Joel Greenblatt) % is 9.69. Dentsu Group's value of 203.83% is 2004.6% above this industry median. Based on the distribution chart, Dentsu Group ranks #877 out of 1018 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Dentsu Group has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dentsu Group's ROC (Joel Greenblatt) % compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Dentsu Group ranks #877 out of 1018 companies for ROC (Joel Greenblatt) %. This places Dentsu Group in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.69. Dentsu Group's value of 203.83% is 2004.6% above this benchmark. While the company's 10-year median is 58.21 vs. the industry median of 9.69, Dentsu 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 Media - Diversified company?
The median ROC (Joel Greenblatt) % among Media - Diversified companies is 9.69, based on 1,018 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. Dentsu Group's current ROC (Joel Greenblatt) % of 203.83% is 2004.6% 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 Dentsu Group and its competitors. For the Media - Diversified industry, the median ROC (Joel Greenblatt) % is 9.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dentsu Group's current ROC (Joel Greenblatt) % is 203.83%, which is 250% above median its own 10-year median of 58.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dentsu Group stock overvalued right now?
Based on GuruFocus' analysis, Dentsu Group (FRA:DEN) is currently considered Modestly Undervalued. The stock's GF Value™ is €22.45, compared to a current price of €18.40 — trading 18% below its estimated fair value. The current ROC (Joel Greenblatt) % is 203.83%, which is 250% above median its 10-year median of 58.21 and 2004.6% above the Media - Diversified industry median of 9.69. Dentsu Group's overall GF Score™ is 69/100 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 Dentsu Group (FRA:DEN), the current ROC (Joel Greenblatt) % is 203.83% 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 Dentsu Group (FRA:DEN) Overvalued in 2026?
Based on GuruFocus' analysis, Dentsu Group stock appears to be undervalued.
The current stock price of €18.40 is trading 18% below its estimated GF Value™ of €22.45.
GuruFocus considers Dentsu Group to be Modestly Undervalued.
Key valuation signals for FRA:DEN:
ROC (Joel Greenblatt) %: 203.83% (250% above median its 10-year median of 58.21)
GF Value™: €22.45 vs. price of €18.40 (18% below fair value)
Industry Position: 2004.6% above the Media - Diversified median (#877 of 1018)
No single metric tells the full story. See the FRA:DEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dentsu Group is the top advertising agency in Japan and the fifth-largest advertising network in the world. It is the oldest advertising agency in Japan, with the original company being established in 1901. Over the years, Dentsu expanded its global footprint through mergers and acquisitions. Currently, international sales account for about 60% of total revenue.
69GF Score
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