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DSV ASOCSE:DSV -1.71%92 ROC (Joel Greenblatt) % is 38.31% as of Jun. 2026, which is 51% below its 10-year median of 78.45. GuruFocus rates OCSE:DSV with a GF Score™ of 92/100 and a GF Value™ of kr1,988.13 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 998 Transportation companies, DSV AS ranks better than 82.97% 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. DSV AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 38.31%.
The historical rank and industry rank for DSV AS's ROC (Joel Greenblatt) % or its related term are showing as below:
OCSE:DSV'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 30.4 Med: 78.45 Max: 223.51
Current: 30.4
During the past 13 years, DSV AS's highest ROC (Joel Greenblatt) % was 223.51%. The lowest was 30.40%. And the median was 78.45%.
OCSE:DSV's ROC (Joel Greenblatt) % is ranked better than 82.97% of 998
companies
in the Transportation industry
Industry Median: 11.73
vs OCSE:DSV: 30.40
DSV AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.50% per year.
DSV AS (OCSE:DSV) 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.
The historical data trend for DSV AS'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.
OCSE:DSV vs UPS, FDX, JBHT: ROC (Joel Greenblatt) % Comparison
For the Integrated Freight & Logistics subindustry, DSV AS'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.
DSV AS ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, DSV AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where DSV AS'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 38.31% mean?
DSV AS (OCSE:DSV) has a ROC (Joel Greenblatt) % of 38.31% 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 DSV AS and its competitors. This is 51% below median its historical median of 78.45. Over the past decade, DSV AS's ROC (Joel Greenblatt) % has ranged from 30.40 to 223.51. According to the industry distribution chart, DSV AS ranks #170 out of 998 companies in the Transportation industry, placing it in the top 17%.
Is DSV AS's ROC (Joel Greenblatt) % too high?
DSV AS's current ROC (Joel Greenblatt) % of 38.31% is 51% below median its 10-year median of 78.45. Over the past 10 years, this metric has ranged from a low of 30.40 to a high of 223.51. The Transportation industry median ROC (Joel Greenblatt) % is 11.73. DSV AS's value of 38.31% is 226.6% above this industry median. Based on the distribution chart, DSV AS ranks #170 out of 998 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, DSV AS has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DSV AS's ROC (Joel Greenblatt) % compare to UPS and FDX?
According to the Transportation industry distribution chart, DSV AS ranks #170 out of 998 companies for ROC (Joel Greenblatt) %. This places DSV AS in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.73. DSV AS's value of 38.31% is 226.6% above this benchmark. Historically, DSV AS's own ROC (Joel Greenblatt) % has ranged from 30.40 to 223.51 over the past decade. While the company's 10-year median is 78.45 vs. the industry median of 11.73, DSV AS 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.73, based on 998 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. DSV AS's current ROC (Joel Greenblatt) % of 38.31% is 226.6% 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 DSV AS and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DSV AS's current ROC (Joel Greenblatt) % is 38.31%, which is 51% below median its own 10-year median of 78.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DSV AS stock overvalued right now?
Based on GuruFocus' analysis, DSV AS (OCSE:DSV) is currently considered Modestly Undervalued. The stock's GF Value™ is kr1,988.13, compared to a current price of kr1,409.00 — trading 29.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 38.31%, which is 51% below median its 10-year median of 78.45 and 226.6% above the Transportation industry median of 11.73. DSV AS's overall GF Score™ is 92/100 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 DSV AS (OCSE:DSV), the current ROC (Joel Greenblatt) % is 38.31% 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 DSV AS (OCSE:DSV) Overvalued in 2026?
Based on GuruFocus' analysis, DSV AS stock appears to be undervalued.
The current stock price of kr1,409.00 is trading 29.1% below its estimated GF Value™ of kr1,988.13.
GuruFocus considers DSV AS to be Modestly Undervalued.
Key valuation signals for OCSE:DSV:
ROC (Joel Greenblatt) %: 38.31% (51% below median its 10-year median of 78.45)
GF Value™: kr1,988.13 vs. price of kr1,409.00 (29.1% below fair value)
Industry Position: 226.6% above the Transportation median (#170 of 998)
No single metric tells the full story. See the OCSE:DSV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DSV is a Danish-listed transport and logistics company, offering transport services worldwide by road, air, and sea, with the bulk of its activities coming from airfreight and sea freight forwarding businesses. Since its founding in 1976, the company has experienced rapid growth, primarily through strategic acquisitions. Its most recent acquisition, DB Schenker, occurred in the second quarter of 2025, making DSV the largest sea freight forwarder.
92GF Score
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