General DynamicsMEX:GD 86 ROC (Joel Greenblatt) % is 76.61% as of Mar. 2026, which is 10% below its 10-year median of 85.07. GuruFocus rates MEX:GD with a GF Score™ of 86/100 and a GF Value™ of MXN5,946.47 (Fairly Valued). The stock has 8 warning signs investors should review. Among 354 Aerospace & Defense companies, General Dynamics ranks better than 92.94% 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. General Dynamics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 76.61%.
The historical rank and industry rank for General Dynamics's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:GD'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 72.46 Med: 85.07 Max: 119.93
Current: 81.59
During the past 13 years, General Dynamics's highest ROC (Joel Greenblatt) % was 119.93%. The lowest was 72.46%. And the median was 85.07%.
MEX:GD's ROC (Joel Greenblatt) % is ranked better than 92.94% of 354
companies
in the Aerospace & Defense industry
Industry Median: 10.77
vs MEX:GD: 81.59
General Dynamics's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -2.30% per year.
General Dynamics (MEX:GD) 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.
General Dynamics ROC (Joel Greenblatt) % Related Terms
General Dynamics ROC (Joel Greenblatt) % Historical Data
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The historical data trend for General Dynamics'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:GD vs HWM, TDG, NOC: ROC (Joel Greenblatt) % Comparison
For the Aerospace & Defense subindustry, General Dynamics'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.
General Dynamics ROC (Joel Greenblatt) % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, General Dynamics's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where General Dynamics's ROC (Joel Greenblatt) % falls into.
General Dynamics 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 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 76.61% mean?
General Dynamics (MEX:GD) has a ROC (Joel Greenblatt) % of 76.61% 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 General Dynamics and its competitors. This is 10% below median its historical median of 85.07. Over the past decade, General Dynamics' ROC (Joel Greenblatt) % has ranged from 72.46 to 119.93. According to the industry distribution chart, General Dynamics ranks #25 out of 354 companies in the Aerospace & Defense industry, placing it in the top 7.1%.
Is General Dynamics' ROC (Joel Greenblatt) % too high?
General Dynamics' current ROC (Joel Greenblatt) % of 76.61% is 10% below median its 10-year median of 85.07. Over the past 10 years, this metric has ranged from a low of 72.46 to a high of 119.93. The Aerospace & Defense industry median ROC (Joel Greenblatt) % is 10.77. General Dynamics' value of 76.61% is 611.3% above this industry median. Based on the distribution chart, General Dynamics ranks #25 out of 354 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, General Dynamics has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does General Dynamics' ROC (Joel Greenblatt) % compare to HWM and TDG?
According to the Aerospace & Defense industry distribution chart, General Dynamics ranks #25 out of 354 companies for ROC (Joel Greenblatt) %. This places General Dynamics in the top 7% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.77. General Dynamics' value of 76.61% is 611.3% above this benchmark. Historically, General Dynamics' own ROC (Joel Greenblatt) % has ranged from 72.46 to 119.93 over the past decade. While the company's 10-year median is 85.07 vs. the industry median of 10.77, General Dynamics 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 Aerospace & Defense company?
The median ROC (Joel Greenblatt) % among Aerospace & Defense companies is 10.77, based on 354 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. General Dynamics's current ROC (Joel Greenblatt) % of 76.61% is 611.3% 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 General Dynamics and its competitors. For the Aerospace & Defense industry, the median ROC (Joel Greenblatt) % is 10.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General Dynamics's current ROC (Joel Greenblatt) % is 76.61%, which is 10% below median its own 10-year median of 85.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Dynamics stock overvalued right now?
Based on GuruFocus' analysis, General Dynamics (MEX:GD) is currently considered Fairly Valued. The stock's GF Value™ is MXN5,946.47, compared to a current price of MXN5,976.00 — trading 0.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 76.61%, which is 10% below median its 10-year median of 85.07 and 611.3% above the Aerospace & Defense industry median of 10.77. General Dynamics' overall GF Score™ is 86/100 with 8 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 General Dynamics (MEX:GD), the current ROC (Joel Greenblatt) % is 76.61% 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 General Dynamics (MEX:GD) Overvalued in 2026?
Based on GuruFocus' analysis, General Dynamics stock appears to be overvalued.
The current stock price of MXN5,976.00 is trading 0.5% above its estimated GF Value™ of MXN5,946.47.
GuruFocus considers General Dynamics to be Fairly Valued.
Key valuation signals for MEX:GD:
ROC (Joel Greenblatt) %: 76.61% (10% below median its 10-year median of 85.07)
GF Value™: MXN5,946.47 vs. price of MXN5,976.00 (0.5% above fair value)
Industry Position: 611.3% above the Aerospace & Defense median (#25 of 354)
No single metric tells the full story. See the MEX:GD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
General Dynamics is a defense contractor and business jet manufacturer. The firm's segments are aerospace, marine, combat systems, and technologies. General Dynamics' aerospace segment manufactures Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment builds and services nuclear-powered submarines, destroyers, and Navy support ships. The technologies segment contains two main units: an IT business that primarily serves the government market and a mission systems business focusing on electronics that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.
86GF Score
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