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Halozyme TherapeuticsHALO +2.00%93 ROC (Joel Greenblatt) % is 123.60% as of Mar. 2026, which is 10% above its 10-year median of 112.56. GuruFocus rates HALO with a GF Score™ of 93/100 and a GF Value™ of $91.43 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,323 Biotechnology companies, Halozyme Therapeutics ranks better than 94.63% 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. Halozyme Therapeutics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 123.60%.
The historical rank and industry rank for Halozyme Therapeutics's ROC (Joel Greenblatt) % or its related term are showing as below:
HALO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -456.66 Med: 112.56 Max: 736.45
Current: 95.32
During the past 13 years, Halozyme Therapeutics's highest ROC (Joel Greenblatt) % was 736.45%. The lowest was -456.66%. And the median was 112.56%.
HALO's ROC (Joel Greenblatt) % is ranked better than 94.63% of 1323
companies
in the Biotechnology industry
Industry Median: -296.6
vs HALO: 95.32
Halozyme Therapeutics's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -3.80% 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.
Halozyme Therapeutics ROC (Joel Greenblatt) % Related Terms
Halozyme Therapeutics ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Halozyme Therapeutics'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.
HALO vs KYMR, IBRX, PRAX: ROC (Joel Greenblatt) % Comparison
For the Biotechnology subindustry, Halozyme Therapeutics'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.
Halozyme Therapeutics ROC (Joel Greenblatt) % vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Halozyme Therapeutics's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Halozyme Therapeutics'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 123.60% mean?
Halozyme Therapeutics (HALO) has a ROC (Joel Greenblatt) % of 123.60% 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 Halozyme Therapeutics and its competitors. This is 10% above median its historical median of 112.56. According to the industry distribution chart, Halozyme Therapeutics ranks #71 out of 1323 companies in the Biotechnology industry, placing it in the top 5.4%.
Is Halozyme Therapeutics' ROC (Joel Greenblatt) % too high?
Halozyme Therapeutics' current ROC (Joel Greenblatt) % of 123.60% is 10% above median its 10-year median of 112.56. Based on the distribution chart, Halozyme Therapeutics ranks #71 out of 1323 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Halozyme Therapeutics has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Halozyme Therapeutics' ROC (Joel Greenblatt) % compare to KYMR and IBRX?
According to the Biotechnology industry distribution chart, Halozyme Therapeutics ranks #71 out of 1323 companies for ROC (Joel Greenblatt) %. This places Halozyme Therapeutics in the top 5% of its industry — outperforming the majority of peers. 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 Biotechnology company?
A good ROC (Joel Greenblatt) % depends on the Biotechnology industry context. 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 Halozyme Therapeutics and its competitors. Halozyme Therapeutics's current ROC (Joel Greenblatt) % is 123.60%, which is 10% above median its own 10-year median of 112.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Halozyme Therapeutics stock overvalued right now?
Based on GuruFocus' analysis, Halozyme Therapeutics (HALO) is currently considered Modestly Undervalued. The stock's GF Value™ is $91.43, compared to a current price of $77.35 — trading 15.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 123.60%, which is 10% above median its 10-year median of 112.56. Halozyme Therapeutics' overall GF Score™ is 93/100 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 Halozyme Therapeutics (HALO), the current ROC (Joel Greenblatt) % is 123.60% 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 Halozyme Therapeutics (HALO) Overvalued in 2026?
Based on GuruFocus' analysis, Halozyme Therapeutics stock appears to be undervalued.
The current stock price of $77.35 is trading 15.4% below its estimated GF Value™ of $91.43.
GuruFocus considers Halozyme Therapeutics to be Modestly Undervalued.
Key valuation signals for HALO:
ROC (Joel Greenblatt) %: 123.60% (10% above median its 10-year median of 112.56)
GF Value™: $91.43 vs. price of $77.35 (15.4% below fair value)
No single metric tells the full story. See the HALO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Halozyme Therapeutics Inc is a biotechnology company focused on developing and commercializing novel oncology therapies. The company seeks to create therapies focused on human enzymes that alter tumors. Halozyme focuses on developing its proprietary products in therapeutic areas with a focus on oncology, and licensing its technology to biopharmaceutical companies to collaboratively develop products. ENHANZE drug delivery technology was introduced with the proprietary enzyme rHuPH20, to facilitate the subcutaneous delivery of injected drugs and fluids, with the goal of improving the patient experience with rapid SC delivery and reduced treatment burden. The company's operations are based in the United States, with minimal long-lived assets located internationally.
93GF Score
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