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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. Decibel Cannabis Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -4.98%.
The historical rank and industry rank for Decibel Cannabis Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSXV:DB'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -9.53 Med: -0.33 Max: 17.83
Current: -0.36
During the past 13 years, Decibel Cannabis Co's highest ROC (Joel Greenblatt) % was 17.83%. The lowest was -9.53%. And the median was -0.33%.
TSXV:DB's ROC (Joel Greenblatt) % is ranked worse than 69.38% of 983
companies
in the Drug Manufacturers industry
Industry Median: 11.46
vs TSXV:DB: -0.36
Decibel Cannabis Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Decibel Cannabis Co (TSXV:DB) 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.
Decibel Cannabis Co ROC (Joel Greenblatt) % Related Terms
Decibel Cannabis Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Decibel Cannabis Co'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.
TSXV:DB vs ZTS, UTHR: ROC (Joel Greenblatt) % Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Decibel Cannabis Co'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.
Decibel Cannabis Co ROC (Joel Greenblatt) % vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Decibel Cannabis Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Decibel Cannabis Co's ROC (Joel Greenblatt) % falls into.
Decibel Cannabis Co ROC (Joel Greenblatt) % Calculation
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 -4.98% mean?
Decibel Cannabis Co (TSXV:DB) has a ROC (Joel Greenblatt) % of -4.98% 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 Decibel Cannabis Co and its competitors. According to the industry distribution chart, Decibel Cannabis Co ranks #682 out of 983 companies in the Drug Manufacturers industry, placing it in the top 69.4%.
Is Decibel Cannabis Co's ROC (Joel Greenblatt) % too high?
Decibel Cannabis Co's current ROC (Joel Greenblatt) % is -4.98%. Based on the distribution chart, Decibel Cannabis Co ranks #682 out of 983 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Decibel Cannabis Co has a GF Score™ of 43/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Decibel Cannabis Co's ROC (Joel Greenblatt) % compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Decibel Cannabis Co ranks #682 out of 983 companies for ROC (Joel Greenblatt) %. This places Decibel Cannabis Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.46. 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 Drug Manufacturers company?
The median ROC (Joel Greenblatt) % among Drug Manufacturers companies is 11.46, based on 983 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 Decibel Cannabis Co and its competitors. For the Drug Manufacturers industry, the median ROC (Joel Greenblatt) % is 11.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Decibel Cannabis Co's current ROC (Joel Greenblatt) % is -4.98%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Decibel Cannabis Co stock overvalued right now?
Based on GuruFocus' analysis, Decibel Cannabis Co (TSXV:DB) is currently considered Fairly Valued. The stock's GF Value™ is C$0.11, compared to a current price of C$0.12 — trading 4.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is -4.98%. Decibel Cannabis Co's overall GF Score™ is 43/100 with 6 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 Decibel Cannabis Co (TSXV:DB), the current ROC (Joel Greenblatt) % is -4.98% 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 Decibel Cannabis Co (TSXV:DB) Overvalued in 2026?
Based on GuruFocus' analysis, Decibel Cannabis Co stock appears to be overvalued.
The current stock price of C$0.12 is trading 4.5% above its estimated GF Value™ of C$0.11.
GuruFocus considers Decibel Cannabis Co to be Fairly Valued.
Key valuation signals for TSXV:DB:
ROC (Joel Greenblatt) %: -4.98%
GF Value™: C$0.11 vs. price of C$0.12 (4.5% above fair value)
No single metric tells the full story. See the TSXV:DB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Decibel Cannabis Co Inc is engaged in the cannabis operations business. The company is involved in the production, distribution, and sale of recreational cannabis. All the revenues are generated in Canada. The company's revenue is comprised of wholesale sales of both products and services through its production facilities to distributors and licensed cannabis producers and the direct sale of products through its retailer locations to end customers.
43GF Score
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