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Dovalue SpAMIL:DOV +1.83%66 ROC (Joel Greenblatt) % is 40.71% as of Mar. 2026, which is 53% below its 10-year median of 86.36. GuruFocus rates MIL:DOV with a GF Score™ of 66/100 and a GF Value™ of €1.32 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 627 Asset Management companies, Dovalue SpA ranks worse than 59.97% 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. Dovalue SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 40.71%.
The historical rank and industry rank for Dovalue SpA's ROC (Joel Greenblatt) % or its related term are showing as below:
MIL:DOV'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.4 Med: 86.36 Max: 22953.71
Current: 19.41
During the past 12 years, Dovalue SpA's highest ROC (Joel Greenblatt) % was 22953.71%. The lowest was 5.40%. And the median was 86.36%.
MIL:DOV's ROC (Joel Greenblatt) % is ranked worse than 59.97% of 627
companies
in the Asset Management industry
Industry Median: 63.97
vs MIL:DOV: 19.41
Dovalue SpA's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 40.20% 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.
Dovalue SpA ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Dovalue 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.
MIL:DOV vs BLK, BX, KKR: ROC (Joel Greenblatt) % Comparison
For the Asset Management subindustry, Dovalue 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.
Dovalue SpA ROC (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Dovalue SpA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dovalue 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 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 40.71% mean?
Dovalue SpA (MIL:DOV) has a ROC (Joel Greenblatt) % of 40.71% 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 Dovalue SpA and its competitors. This is 53% below median its historical median of 86.36. Over the past decade, Dovalue SpA's ROC (Joel Greenblatt) % has ranged from 5.40 to 22,953.71. According to the industry distribution chart, Dovalue SpA ranks #376 out of 627 companies in the Asset Management industry, placing it in the top 60%.
Is Dovalue SpA's ROC (Joel Greenblatt) % too high?
Dovalue SpA's current ROC (Joel Greenblatt) % of 40.71% is 53% below median its 10-year median of 86.36. Over the past 10 years, this metric has ranged from a low of 5.40 to a high of 22,953.71. The Asset Management industry median ROC (Joel Greenblatt) % is 63.97. Dovalue SpA's value of 40.71% is 36.4% below this industry median. Based on the distribution chart, Dovalue SpA ranks #376 out of 627 companies in the Asset Management industry, which is below the industry midpoint. Overall, Dovalue SpA has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dovalue SpA's ROC (Joel Greenblatt) % compare to BLK and BX?
According to the Asset Management industry distribution chart, Dovalue SpA ranks #376 out of 627 companies for ROC (Joel Greenblatt) %. This places Dovalue SpA in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 63.97. Dovalue SpA's value of 40.71% is 36.4% below this benchmark. Historically, Dovalue SpA's own ROC (Joel Greenblatt) % has ranged from 5.40 to 22,953.71 over the past decade. While the company's 10-year median is 86.36 vs. the industry median of 63.97, Dovalue SpA 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 an Asset Management company?
The median ROC (Joel Greenblatt) % among Asset Management companies is 63.97, based on 627 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. Dovalue SpA's current ROC (Joel Greenblatt) % of 40.71% is 36.4% 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 Dovalue SpA and its competitors. For the Asset Management industry, the median ROC (Joel Greenblatt) % is 63.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dovalue SpA's current ROC (Joel Greenblatt) % is 40.71%, which is 53% below median its own 10-year median of 86.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dovalue SpA stock overvalued right now?
Based on GuruFocus' analysis, Dovalue SpA (MIL:DOV) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.32, compared to a current price of €2.34 — trading 77.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 40.71%, which is 53% below median its 10-year median of 86.36 and 36.4% below the Asset Management industry median of 63.97. Dovalue SpA's overall GF Score™ is 66/100 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 Dovalue SpA (MIL:DOV), the current ROC (Joel Greenblatt) % is 40.71% 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 Dovalue SpA (MIL:DOV) Overvalued in 2026?
Based on GuruFocus' analysis, Dovalue SpA stock appears to be overvalued.
The current stock price of €2.34 is trading 77.4% above its estimated GF Value™ of €1.32.
GuruFocus considers Dovalue SpA to be Significantly Overvalued.
Key valuation signals for MIL:DOV:
ROC (Joel Greenblatt) %: 40.71% (53% below median its 10-year median of 86.36)
GF Value™: €1.32 vs. price of €2.34 (77.4% above fair value)
Industry Position: 36.4% below the Asset Management median (#376 of 627)
No single metric tells the full story. See the MIL:DOV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dovalue SpA is principally engaged in the management of credit portfolios and real estate arising from non-performing loans. It offers its clients, both banks and investors, services for the management of portfolios of non-performing loans (NPL), unlikely to pay (UTP), early arrears, and performing loans. Along with its subsidiaries, the company is also active in the management and development of real estate assets arising from the management of non-performing loans. In addition, the group offers various ancillary services such as legal services, due diligence services, data management services, and master servicing activities. Geographically, it operates in Italy, the Hellenic Region, and Spain. A majority of its revenue is generated from the Italy.
66GF Score
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