DMCI HoldingsPHS:DMC 74 ROC (Joel Greenblatt) % is 22.17% as of Mar. 2026, which is 17% below its 10-year median of 26.65. GuruFocus rates PHS:DMC with a GF Score™ of 74/100 and a GF Value™ of ₱10.40 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 558 Conglomerates companies, DMCI Holdings ranks better than 57.53% 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. DMCI Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.17%.
The historical rank and industry rank for DMCI Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
PHS:DMC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.58 Med: 26.65 Max: 50.46
Current: 18.36
During the past 13 years, DMCI Holdings's highest ROC (Joel Greenblatt) % was 50.46%. The lowest was 9.58%. And the median was 26.65%.
PHS:DMC's ROC (Joel Greenblatt) % is ranked better than 57.53% of 558
companies
in the Conglomerates industry
Industry Median: 14.61
vs PHS:DMC: 18.36
DMCI Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 9.90% 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.
DMCI Holdings ROC (Joel Greenblatt) % Related Terms
DMCI Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for DMCI 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.
PHS:DMC vs HON, MMM: ROC (Joel Greenblatt) % Comparison
For the Conglomerates subindustry, DMCI 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.
DMCI Holdings ROC (Joel Greenblatt) % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, DMCI Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where DMCI 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 (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 22.17% mean?
DMCI Holdings (PHS:DMC) has a ROC (Joel Greenblatt) % of 22.17% 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 DMCI Holdings and its competitors. This is 17% below median its historical median of 26.65. Over the past decade, DMCI Holdings' ROC (Joel Greenblatt) % has ranged from 9.58 to 50.46. According to the industry distribution chart, DMCI Holdings ranks #237 out of 558 companies in the Conglomerates industry, placing it in the top 42.5%.
Is DMCI Holdings' ROC (Joel Greenblatt) % too high?
DMCI Holdings' current ROC (Joel Greenblatt) % of 22.17% is 17% below median its 10-year median of 26.65. Over the past 10 years, this metric has ranged from a low of 9.58 to a high of 50.46. The Conglomerates industry median ROC (Joel Greenblatt) % is 14.61. DMCI Holdings' value of 22.17% is 51.7% above this industry median. Based on the distribution chart, DMCI Holdings ranks #237 out of 558 companies in the Conglomerates industry, which is above the industry midpoint. Overall, DMCI Holdings has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DMCI Holdings' ROC (Joel Greenblatt) % compare to HON and MMM?
According to the Conglomerates industry distribution chart, DMCI Holdings ranks #237 out of 558 companies for ROC (Joel Greenblatt) %. This puts DMCI Holdings in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 14.61. DMCI Holdings' value of 22.17% is 51.7% above this benchmark. Historically, DMCI Holdings' own ROC (Joel Greenblatt) % has ranged from 9.58 to 50.46 over the past decade. While the company's 10-year median is 26.65 vs. the industry median of 14.61, DMCI Holdings 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 Conglomerates company?
The median ROC (Joel Greenblatt) % among Conglomerates companies is 14.61, based on 558 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. DMCI Holdings's current ROC (Joel Greenblatt) % of 22.17% is 51.7% 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 DMCI Holdings and its competitors. For the Conglomerates industry, the median ROC (Joel Greenblatt) % is 14.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DMCI Holdings's current ROC (Joel Greenblatt) % is 22.17%, which is 17% below median its own 10-year median of 26.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DMCI Holdings stock overvalued right now?
Based on GuruFocus' analysis, DMCI Holdings (PHS:DMC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱10.40, compared to a current price of ₱7.60 — trading 26.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 22.17%, which is 17% below median its 10-year median of 26.65 and 51.7% above the Conglomerates industry median of 14.61. DMCI Holdings' overall GF Score™ is 74/100 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 DMCI Holdings (PHS:DMC), the current ROC (Joel Greenblatt) % is 22.17% 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 DMCI Holdings (PHS:DMC) Overvalued in 2026?
Based on GuruFocus' analysis, DMCI Holdings stock appears to be undervalued.
The current stock price of ₱7.60 is trading 26.9% below its estimated GF Value™ of ₱10.40.
GuruFocus considers DMCI Holdings to be Modestly Undervalued.
Key valuation signals for PHS:DMC:
ROC (Joel Greenblatt) %: 22.17% (17% below median its 10-year median of 26.65)
GF Value™: ₱10.40 vs. price of ₱7.60 (26.9% below fair value)
Industry Position: 51.7% above the Conglomerates median (#237 of 558)
No single metric tells the full story. See the PHS:DMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DMCI Holdings Inc is an engineering conglomerate in the Philippines, operating in construction, real estate, coal mining, nickel mining, power generation, and water distribution businesses. The activities of the company include construction-related businesses such as the production and trading of concrete products, exploration, mining, and development of coal resources, mining and selling nickel ore, residential development, power generation through coal-fired power plants and satellite power plants, water services, and others. It organizes its business into operating segments: construction and others, coal mining, nickel mining, real estate, on-grid power, off-grid power, water, and cement manufacturing. It generates the majority of its revenue from the coal mining segment.
74GF Score
Get the complete analysis for PHS:DMC
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
PHS:DMC has been successfully added to your 
