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Dedem SpAMIL:DDM +5.13%13 ROC (Joel Greenblatt) % is 14.99% as of Dec. 2025, which is 18% above its 10-year median of 12.74. GuruFocus rates MIL:DDM with a GF Score™ of 13/100. The stock has 3 warning signs investors should review. Among 845 Travel & Leisure companies, Dedem SpA ranks worse than 50.65% 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. Dedem SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 14.99%.
The historical rank and industry rank for Dedem SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:DDM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.77 Med: 12.74 Max: 13.54
Current: 9.79
During the past 3 years, Dedem SpA's highest ROC (Joel Greenblatt) % was 13.54%. The lowest was 9.77%. And the median was 12.74%.
MIL:DDM's ROC (Joel Greenblatt) % is ranked worse than 50.65% of 845
companies
in the Travel & Leisure industry
Industry Median: 10.04
vs MIL:DDM: 9.79
Dedem SpA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
The historical data trend for Dedem SpA'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.
Dedem SpA ROC (Joel Greenblatt) % Chart
Dedem SpA Annual Data
Trend
Dec23
Dec24
Dec25
ROC (Joel Greenblatt) %
13.54
12.74
9.77
Dedem SpA Semi-Annual Data
Dec23
Dec24
Jun25
Dec25
ROC (Joel Greenblatt) %
0.00
0.00
4.40
14.99
MIL:DDM vs AS, HAS, LTH: ROC (Joel Greenblatt) % Comparison
For the Leisure subindustry, Dedem SpA'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.
Dedem SpA ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Dedem SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dedem SpA'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 two times the semi-annual (Dec. 2025) 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 14.99% mean?
Dedem SpA (MIL:DDM) has a ROC (Joel Greenblatt) % of 14.99% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Dedem SpA and its competitors. This is 18% above median its historical median of 12.74. Over the past decade, Dedem SpA's ROC (Joel Greenblatt) % has ranged from 9.77 to 13.54. According to the industry distribution chart, Dedem SpA ranks #428 out of 845 companies in the Travel & Leisure industry, placing it in the top 50.7%.
Is Dedem SpA's ROC (Joel Greenblatt) % too high?
Dedem SpA's current ROC (Joel Greenblatt) % of 14.99% is 18% above median its 10-year median of 12.74. Over the past 10 years, this metric has ranged from a low of 9.77 to a high of 13.54. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 10.04. Dedem SpA's value of 14.99% is 49.3% above this industry median. Based on the distribution chart, Dedem SpA ranks #428 out of 845 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Dedem SpA has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Dedem SpA's ROC (Joel Greenblatt) % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Dedem SpA ranks #428 out of 845 companies for ROC (Joel Greenblatt) %. This places Dedem SpA in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 10.04. Dedem SpA's value of 14.99% is 49.3% above this benchmark. Historically, Dedem SpA's own ROC (Joel Greenblatt) % has ranged from 9.77 to 13.54 over the past decade. While the company's 10-year median is 12.74 vs. the industry median of 10.04, Dedem SpA 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.04, based on 845 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. Dedem SpA's current ROC (Joel Greenblatt) % of 14.99% is 49.3% 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 Dedem SpA and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dedem SpA's current ROC (Joel Greenblatt) % is 14.99%, which is 18% above median its own 10-year median of 12.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dedem SpA stock overvalued right now?
Dedem SpA (MIL:DDM) has a current ROC (Joel Greenblatt) % of 14.99%. The current ROC (Joel Greenblatt) % is 14.99%, which is 18% above median its 10-year median of 12.74 and 49.3% above the Travel & Leisure industry median of 10.04. Dedem SpA's overall GF Score™ is 13/100 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 Dedem SpA (MIL:DDM), the current ROC (Joel Greenblatt) % is 14.99% as of Dec. 2025. 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.
Dedem SpA is engaged in the design, production, and distribution of automatic passport photo booths. The company also develops and operates amusement rides and interactive attractions for children. Its business activities are principally divided into three activities: digital services Photobooth that involves management of ID photo booths in Italy (Dedem) and Spain (Tecnotron); development of children's attractions by managing entertainment and leisure spaces and stores, located in shopping malls; and others including 3D printing services, IT services, etc. The majority of the company's revenue is generated in Italy, followed by European Union countries, and other countries.
13GF Score
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