Denison MinesTSX:DML -3.04%62 ROC (Joel Greenblatt) % is -133.06% as of Mar. 2026. GuruFocus rates TSX:DML with a GF Score™ of 62/100 and a GF Value™ of C$2.64 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 182 Other Energy Sources companies, Denison Mines ranks worse than 86.81% 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. Denison Mines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -133.06%.
The historical rank and industry rank for Denison Mines's ROC (Joel Greenblatt) % or its related term are showing as below:
TSX:DML'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -91.69 Med: -7.98 Max: 34.25
Current: -91.69
During the past 13 years, Denison Mines's highest ROC (Joel Greenblatt) % was 34.25%. The lowest was -91.69%. And the median was -7.98%.
TSX:DML's ROC (Joel Greenblatt) % is ranked worse than 86.81% of 182
companies
in the Other Energy Sources industry
Industry Median: 2.13
vs TSX:DML: -91.69
Denison Mines's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Denison Mines ROC (Joel Greenblatt) % Related Terms
Denison Mines ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Denison Mines'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.
TSX:DML vs UEC, LEU: ROC (Joel Greenblatt) % Comparison
For the Uranium subindustry, Denison Mines'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.
Denison Mines ROC (Joel Greenblatt) % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Denison Mines's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Denison Mines'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 -133.06% mean?
Denison Mines (TSX:DML) has a ROC (Joel Greenblatt) % of -133.06% 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 Denison Mines and its competitors. According to the industry distribution chart, Denison Mines ranks #158 out of 182 companies in the Other Energy Sources industry, placing it in the top 86.8%.
Is Denison Mines' ROC (Joel Greenblatt) % too high?
Denison Mines' current ROC (Joel Greenblatt) % is -133.06%. Based on the distribution chart, Denison Mines ranks #158 out of 182 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Denison Mines has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Denison Mines' ROC (Joel Greenblatt) % compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Denison Mines ranks #158 out of 182 companies for ROC (Joel Greenblatt) %. This places Denison Mines in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 2.13. 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 Other Energy Sources company?
The median ROC (Joel Greenblatt) % among Other Energy Sources companies is 2.13, based on 182 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. 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 Denison Mines and its competitors. For the Other Energy Sources industry, the median ROC (Joel Greenblatt) % is 2.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Denison Mines's current ROC (Joel Greenblatt) % is -133.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Denison Mines stock overvalued right now?
Based on GuruFocus' analysis, Denison Mines (TSX:DML) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.64, compared to a current price of C$4.47 — trading 69.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is -133.06%. Denison Mines' overall GF Score™ is 62/100 with 8 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 Denison Mines (TSX:DML), the current ROC (Joel Greenblatt) % is -133.06% 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 Denison Mines (TSX:DML) Overvalued in 2026?
Based on GuruFocus' analysis, Denison Mines stock appears to be overvalued.
The current stock price of C$4.47 is trading 69.3% above its estimated GF Value™ of C$2.64.
GuruFocus considers Denison Mines to be Significantly Overvalued.
Key valuation signals for TSX:DML:
ROC (Joel Greenblatt) %: -133.06%
GF Value™: C$2.64 vs. price of C$4.47 (69.3% above fair value)
No single metric tells the full story. See the TSX:DML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Denison Mines Corp is engaged in uranium mining-related activities, including the acquisition, exploration, development, and mining of uranium-bearing properties, as well as the processing, sale, and investment in uranium. The company's key properties include Wheeler River, Waterbury Lake, McClean Lake, Midwest, and others. It operates through two segments: the Mining segment and the Corporate and Other segment. The majority of the company's revenue is generated from the Mining segment, which includes activities related to exploration, evaluation, and development, mining, milling (including toll milling), and the sale of mineral concentrates.
62GF Score
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