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.
Den NetworksNSE:DEN -1.57%69 ROC (Joel Greenblatt) % is 72.24% as of Jun. 2026, which is 111% above its 10-year median of 34.27. GuruFocus rates NSE:DEN with a GF Score™ of 69/100 and a GF Value™ of ₹37.61 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,015 Media - Diversified companies, Den Networks ranks better than 81.08% 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. Den Networks's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 72.24%.
The historical rank and industry rank for Den Networks's ROC (Joel Greenblatt) % or its related term are showing as below:
NSE:DEN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -25.6 Med: 34.27 Max: 72.32
Current: 65.74
During the past 13 years, Den Networks's highest ROC (Joel Greenblatt) % was 72.32%. The lowest was -25.60%. And the median was 34.27%.
NSE:DEN's ROC (Joel Greenblatt) % is ranked better than 81.08% of 1015
companies
in the Media - Diversified industry
Industry Median: 9.81
vs NSE:DEN: 65.74
Den Networks's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 19.20% per year.
Den Networks (NSE:DEN) 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.
Den Networks ROC (Joel Greenblatt) % Related Terms
Den Networks ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Den Networks'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.
NSE:DEN vs NFLX, DIS, WBD: ROC (Joel Greenblatt) % Comparison
For the Entertainment subindustry, Den Networks'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.
Den Networks ROC (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Den Networks's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Den Networks'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 (Jun. 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 72.24% mean?
Den Networks (NSE:DEN) has a ROC (Joel Greenblatt) % of 72.24% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Den Networks and its competitors. This is 111% above median its historical median of 34.27. According to the industry distribution chart, Den Networks ranks #192 out of 1015 companies in the Media - Diversified industry, placing it in the top 18.9%.
Is Den Networks' ROC (Joel Greenblatt) % too high?
Den Networks' current ROC (Joel Greenblatt) % of 72.24% is 111% above median its 10-year median of 34.27. The Media - Diversified industry median ROC (Joel Greenblatt) % is 9.81. Den Networks' value of 72.24% is 636.4% above this industry median. Based on the distribution chart, Den Networks ranks #192 out of 1015 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Den Networks has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Den Networks' ROC (Joel Greenblatt) % compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Den Networks ranks #192 out of 1015 companies for ROC (Joel Greenblatt) %. This places Den Networks in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 9.81. Den Networks' value of 72.24% is 636.4% above this benchmark. While the company's 10-year median is 34.27 vs. the industry median of 9.81, Den Networks 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 Media - Diversified company?
The median ROC (Joel Greenblatt) % among Media - Diversified companies is 9.81, based on 1,015 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. Den Networks's current ROC (Joel Greenblatt) % of 72.24% is 636.4% 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 Den Networks and its competitors. For the Media - Diversified industry, the median ROC (Joel Greenblatt) % is 9.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Den Networks's current ROC (Joel Greenblatt) % is 72.24%, which is 111% above median its own 10-year median of 34.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Den Networks stock overvalued right now?
Based on GuruFocus' analysis, Den Networks (NSE:DEN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹37.61, compared to a current price of ₹26.97 — trading 28.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 72.24%, which is 111% above median its 10-year median of 34.27 and 636.4% above the Media - Diversified industry median of 9.81. Den Networks' overall GF Score™ is 69/100 with 5 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 Den Networks (NSE:DEN), the current ROC (Joel Greenblatt) % is 72.24% as of Jun. 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 Den Networks (NSE:DEN) Overvalued in 2026?
Based on GuruFocus' analysis, Den Networks stock appears to be undervalued.
The current stock price of ₹26.97 is trading 28.3% below its estimated GF Value™ of ₹37.61.
GuruFocus considers Den Networks to be Modestly Undervalued.
Key valuation signals for NSE:DEN:
ROC (Joel Greenblatt) %: 72.24% (111% above median its 10-year median of 34.27)
GF Value™: ₹37.61 vs. price of ₹26.97 (28.3% below fair value)
Industry Position: 636.4% above the Media - Diversified median (#192 of 1015)
No single metric tells the full story. See the NSE:DEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Den Networks Ltd is a cable television company in India that distributes analog and digital cable television services. It provides visual entertainment to its customers through cable TV, over-the-top entertainment, telecommerce, and broadband services. The business segments of the company consist mainly of Cable and Broadband. Its Cable segment includes the distribution and promotion of television channels and the Broadband segment consists of providing internet services. The company generates the majority of its revenue from its cable segment. Geographically, it derives revenue from India.
69GF Score
Get the complete analysis for NSE:DEN
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
NSE:DEN has been successfully added to your 
