Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
PENN EntertainmentMEX:PENN 64 ROC (Joel Greenblatt) % is 4.48% as of Mar. 2026, which is 46% below its 10-year median of 8.35. GuruFocus rates MEX:PENN with a GF Score™ of 64/100 and a GF Value™ of MXN400.07 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 847 Travel & Leisure companies, PENN Entertainment ranks worse than 81.58% 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. PENN Entertainment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.48%.
The historical rank and industry rank for PENN Entertainment's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:PENN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.02 Med: 8.35 Max: 19.99
Current: -6.02
During the past 13 years, PENN Entertainment's highest ROC (Joel Greenblatt) % was 19.99%. The lowest was -6.02%. And the median was 8.35%.
MEX:PENN's ROC (Joel Greenblatt) % is ranked worse than 81.58% of 847
companies
in the Travel & Leisure industry
Industry Median: 10
vs MEX:PENN: -6.02
PENN Entertainment's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
PENN Entertainment (MEX:PENN) 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.
PENN Entertainment ROC (Joel Greenblatt) % Related Terms
PENN Entertainment ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for PENN Entertainment'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:PENN vs VAC, MCRI, RRR: ROC (Joel Greenblatt) % Comparison
For the Resorts & Casinos subindustry, PENN Entertainment'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.
PENN Entertainment ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, PENN Entertainment's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PENN Entertainment's ROC (Joel Greenblatt) % falls into.
PENN Entertainment 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 4.48% mean?
PENN Entertainment (MEX:PENN) has a ROC (Joel Greenblatt) % of 4.48% 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 PENN Entertainment and its competitors. This is 46% below median its historical median of 8.35. According to the industry distribution chart, PENN Entertainment ranks #691 out of 847 companies in the Travel & Leisure industry, placing it in the top 81.6%.
Is PENN Entertainment's ROC (Joel Greenblatt) % too high?
PENN Entertainment's current ROC (Joel Greenblatt) % of 4.48% is 46% below median its 10-year median of 8.35. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 10.00. PENN Entertainment's value of 4.48% is 55.2% below this industry median. Based on the distribution chart, PENN Entertainment ranks #691 out of 847 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, PENN Entertainment has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PENN Entertainment's ROC (Joel Greenblatt) % compare to VAC and MCRI?
According to the Travel & Leisure industry distribution chart, PENN Entertainment ranks #691 out of 847 companies for ROC (Joel Greenblatt) %. This places PENN Entertainment in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.00. PENN Entertainment's value of 4.48% is 55.2% below this benchmark. While the company's 10-year median is 8.35 vs. the industry median of 10.00, PENN Entertainment has consistently been below 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.00, based on 847 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. PENN Entertainment's current ROC (Joel Greenblatt) % of 4.48% is 55.2% below 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 PENN Entertainment and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PENN Entertainment's current ROC (Joel Greenblatt) % is 4.48%, which is 46% below median its own 10-year median of 8.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PENN Entertainment stock overvalued right now?
Based on GuruFocus' analysis, PENN Entertainment (MEX:PENN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN400.07, compared to a current price of MXN350.00 — trading 12.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 4.48%, which is 46% below median its 10-year median of 8.35 and 55.2% below the Travel & Leisure industry median of 10.00. PENN Entertainment's overall GF Score™ is 64/100 with 10 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 PENN Entertainment (MEX:PENN), the current ROC (Joel Greenblatt) % is 4.48% 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 PENN Entertainment (MEX:PENN) Overvalued in 2026?
Based on GuruFocus' analysis, PENN Entertainment stock appears to be undervalued.
The current stock price of MXN350.00 is trading 12.5% below its estimated GF Value™ of MXN400.07.
GuruFocus considers PENN Entertainment to be Modestly Undervalued.
Key valuation signals for MEX:PENN:
ROC (Joel Greenblatt) %: 4.48% (46% below median its 10-year median of 8.35)
GF Value™: MXN400.07 vs. price of MXN350.00 (12.5% below fair value)
Industry Position: 55.2% below the Travel & Leisure median (#691 of 847)
No single metric tells the full story. See the MEX:PENN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Penn Entertainment's origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 42 properties across 20 states and 12 brands, including Hollywood Casino and Ameristar. Land-based casinos represented 81% of total sales in 2025; 19% was from the interactive segment, which includes sports, i-gaming, and media revenue. The retail portfolio generates low-30s EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn's media asset, theScore, provides access to sports betting/i-gaming technology and clientele, helping it form a leading digital position.
64GF Score
Get the complete analysis for MEX:PENN
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:PENN has been successfully added to your 
