DHT HoldingsMEX:DHTN 61 ROC (Joel Greenblatt) % is 43.60% as of Mar. 2026, which is 537% above its 10-year median of 6.84. GuruFocus rates MEX:DHTN with a GF Score™ of 61/100 and a GF Value™ of MXN191.99 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 997 Oil & Gas companies, DHT Holdings ranks better than 81.64% 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. DHT Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 43.60%.
The historical rank and industry rank for DHT Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:DHTN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.44 Med: 6.84 Max: 24.49
Current: 24.49
During the past 13 years, DHT Holdings's highest ROC (Joel Greenblatt) % was 24.49%. The lowest was 0.44%. And the median was 6.84%.
MEX:DHTN's ROC (Joel Greenblatt) % is ranked better than 81.64% of 997
companies
in the Oil & Gas industry
Industry Median: 8.41
vs MEX:DHTN: 24.49
DHT Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 26.40% 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.
DHT Holdings ROC (Joel Greenblatt) % Related Terms
DHT Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for DHT Holdings'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.
MEX:DHTN vs TNK, NGL, SUNC: ROC (Joel Greenblatt) % Comparison
For the Oil & Gas Midstream subindustry, DHT Holdings'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.
DHT Holdings ROC (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, DHT Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where DHT Holdings'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 43.60% mean?
DHT Holdings (MEX:DHTN) has a ROC (Joel Greenblatt) % of 43.60% 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 DHT Holdings and its competitors. This is 537% above median its historical median of 6.84. Over the past decade, DHT Holdings' ROC (Joel Greenblatt) % has ranged from 0.44 to 24.49. According to the industry distribution chart, DHT Holdings ranks #183 out of 997 companies in the Oil & Gas industry, placing it in the top 18.4%.
Is DHT Holdings' ROC (Joel Greenblatt) % too high?
DHT Holdings' current ROC (Joel Greenblatt) % of 43.60% is 537% above median its 10-year median of 6.84. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 24.49. The Oil & Gas industry median ROC (Joel Greenblatt) % is 8.41. DHT Holdings' value of 43.60% is 418.4% above this industry median. Based on the distribution chart, DHT Holdings ranks #183 out of 997 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, DHT Holdings has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DHT Holdings' ROC (Joel Greenblatt) % compare to TNK and NGL?
According to the Oil & Gas industry distribution chart, DHT Holdings ranks #183 out of 997 companies for ROC (Joel Greenblatt) %. This places DHT Holdings in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.41. DHT Holdings' value of 43.60% is 418.4% above this benchmark. Historically, DHT Holdings' own ROC (Joel Greenblatt) % has ranged from 0.44 to 24.49 over the past decade. While the company's 10-year median is 6.84 vs. the industry median of 8.41, DHT Holdings 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 an Oil & Gas company?
The median ROC (Joel Greenblatt) % among Oil & Gas companies is 8.41, based on 997 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. DHT Holdings's current ROC (Joel Greenblatt) % of 43.60% is 418.4% 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 DHT Holdings and its competitors. For the Oil & Gas industry, the median ROC (Joel Greenblatt) % is 8.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DHT Holdings's current ROC (Joel Greenblatt) % is 43.60%, which is 537% above median its own 10-year median of 6.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DHT Holdings stock overvalued right now?
Based on GuruFocus' analysis, DHT Holdings (MEX:DHTN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN191.99, compared to a current price of MXN311.00 — trading 62% above its estimated fair value. The current ROC (Joel Greenblatt) % is 43.60%, which is 537% above median its 10-year median of 6.84 and 418.4% above the Oil & Gas industry median of 8.41. DHT Holdings' overall GF Score™ is 61/100 with 4 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 DHT Holdings (MEX:DHTN), the current ROC (Joel Greenblatt) % is 43.60% 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 DHT Holdings (MEX:DHTN) Overvalued in 2026?
Based on GuruFocus' analysis, DHT Holdings stock appears to be overvalued.
The current stock price of MXN311.00 is trading 62% above its estimated GF Value™ of MXN191.99.
GuruFocus considers DHT Holdings to be Significantly Overvalued.
Key valuation signals for MEX:DHTN:
ROC (Joel Greenblatt) %: 43.60% (537% above median its 10-year median of 6.84)
GF Value™: MXN191.99 vs. price of MXN311.00 (62% above fair value)
Industry Position: 418.4% above the Oil & Gas median (#183 of 997)
No single metric tells the full story. See the MEX:DHTN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DHT Holdings Inc is a crude oil tanker company. The company's primary business is operating a fleet of crude oil tankers, with a secondary activity of providing technical management services. Its fleet trades internationally and consists of VLCC crude oil tankers. The group generates revenues from time charter and spot market operations. It operates vessels through its subsidiary management companies in Monaco, Norway, Singapore, and India. The company generates the majority of its revenue from Voyage charter revenues.
61GF Score
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