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Oppenheimer HoldingsOPY -1.84%77 ROC (Joel Greenblatt) % is 10.21% as of Jun. 2026, which is 27% below its 10-year median of 14.04. GuruFocus rates OPY with a GF Score™ of 77/100 and a GF Value™ of $80.77 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 679 Capital Markets companies, Oppenheimer Holdings ranks worse than 60.53% 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. Oppenheimer Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 10.21%.
The historical rank and industry rank for Oppenheimer Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
OPY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.5 Med: 14.04 Max: 39.84
Current: 10.16
During the past 13 years, Oppenheimer Holdings's highest ROC (Joel Greenblatt) % was 39.84%. The lowest was -0.50%. And the median was 14.04%.
OPY's ROC (Joel Greenblatt) % is ranked worse than 60.53% of 679
companies
in the Capital Markets industry
Industry Median: 33.78
vs OPY: 10.16
Oppenheimer Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -16.50% 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.
Oppenheimer Holdings ROC (Joel Greenblatt) % Related Terms
Oppenheimer Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Oppenheimer Holdings'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.
OPY vs PWP, GOLD, PURR: ROC (Joel Greenblatt) % Comparison
For the Capital Markets subindustry, Oppenheimer Holdings'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.
Oppenheimer Holdings ROC (Joel Greenblatt) % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Oppenheimer Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Oppenheimer Holdings'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 10.21% mean?
Oppenheimer Holdings (OPY) has a ROC (Joel Greenblatt) % of 10.21% 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 Oppenheimer Holdings and its competitors. This is 27% below median its historical median of 14.04. According to the industry distribution chart, Oppenheimer Holdings ranks #411 out of 679 companies in the Capital Markets industry, placing it in the top 60.5%.
Is Oppenheimer Holdings' ROC (Joel Greenblatt) % too high?
Oppenheimer Holdings' current ROC (Joel Greenblatt) % of 10.21% is 27% below median its 10-year median of 14.04. The Capital Markets industry median ROC (Joel Greenblatt) % is 33.78. Oppenheimer Holdings' value of 10.21% is 69.8% below this industry median. Based on the distribution chart, Oppenheimer Holdings ranks #411 out of 679 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Oppenheimer Holdings has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oppenheimer Holdings' ROC (Joel Greenblatt) % compare to PWP and GOLD?
According to the Capital Markets industry distribution chart, Oppenheimer Holdings ranks #411 out of 679 companies for ROC (Joel Greenblatt) %. This places Oppenheimer Holdings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 33.78. Oppenheimer Holdings' value of 10.21% is 69.8% below this benchmark. While the company's 10-year median is 14.04 vs. the industry median of 33.78, Oppenheimer Holdings 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 Capital Markets company?
The median ROC (Joel Greenblatt) % among Capital Markets companies is 33.78, based on 679 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. Oppenheimer Holdings's current ROC (Joel Greenblatt) % of 10.21% is 69.8% 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 Oppenheimer Holdings and its competitors. For the Capital Markets industry, the median ROC (Joel Greenblatt) % is 33.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oppenheimer Holdings's current ROC (Joel Greenblatt) % is 10.21%, which is 27% below median its own 10-year median of 14.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oppenheimer Holdings stock overvalued right now?
Based on GuruFocus' analysis, Oppenheimer Holdings (OPY) is currently considered Significantly Overvalued. The stock's GF Value™ is $80.77, compared to a current price of $111.75 — trading 38.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 10.21%, which is 27% below median its 10-year median of 14.04 and 69.8% below the Capital Markets industry median of 33.78. Oppenheimer Holdings' overall GF Score™ is 77/100 with 7 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 Oppenheimer Holdings (OPY), the current ROC (Joel Greenblatt) % is 10.21% 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 Oppenheimer Holdings (OPY) Overvalued in 2026?
Based on GuruFocus' analysis, Oppenheimer Holdings stock appears to be overvalued.
The current stock price of $111.75 is trading 38.4% above its estimated GF Value™ of $80.77.
GuruFocus considers Oppenheimer Holdings to be Significantly Overvalued.
Key valuation signals for OPY:
ROC (Joel Greenblatt) %: 10.21% (27% below median its 10-year median of 14.04)
GF Value™: $80.77 vs. price of $111.75 (38.4% above fair value)
Industry Position: 69.8% below the Capital Markets median (#411 of 679)
No single metric tells the full story. See the OPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oppenheimer Holdings Inc conducts activities in the securities industry. The company is involved in retail securities brokerage, investment banking (both corporate and public finance), institutional sales and trading, market-making, research, trust services, and investment advisory and asset management services. The company has two segments: Wealth Management, and Capital Markets. IT generates maximum revenue from Wealth Management Segment which includes commissions and fee income earned on assets under management (AUM), net interest earnings on client margin loans and cash balances, fees from money market funds, custodian fees and other activities. The company generates the majority of its revenue from the Americas, with the rest from Europe, the Middle East, and Asia.
77GF Score
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