Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Universal Logistics HoldingsULH +8.54%58 ROC (Joel Greenblatt) % is 2.81% as of Mar. 2026, which is 85% below its 10-year median of 18.19. GuruFocus rates ULH with a GF Score™ of 58/100 and a GF Value™ of $23.49 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 998 Transportation companies, Universal Logistics Holdings ranks worse than 90.48% 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. Universal Logistics Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.81%.
The historical rank and industry rank for Universal Logistics Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
ULH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.96 Med: 18.19 Max: 38.07
Current: -5.96
During the past 13 years, Universal Logistics Holdings's highest ROC (Joel Greenblatt) % was 38.07%. The lowest was -5.96%. And the median was 18.19%.
ULH's ROC (Joel Greenblatt) % is ranked worse than 90.48% of 998
companies
in the Transportation industry
Industry Median: 11.76
vs ULH: -5.96
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.
* 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.
ULH vs PAMT, TOPP, ETS: ROC (Joel Greenblatt) % Comparison
For the Trucking subindustry, Universal Logistics 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.
Universal Logistics Holdings ROC (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, Universal Logistics Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Universal Logistics 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 2.81% mean?
Universal Logistics Holdings (ULH) has a ROC (Joel Greenblatt) % of 2.81% 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 Universal Logistics Holdings and its competitors. This is 85% below median its historical median of 18.19. According to the industry distribution chart, Universal Logistics Holdings ranks #903 out of 998 companies in the Transportation industry, placing it in the top 90.5%.
Is Universal Logistics Holdings' ROC (Joel Greenblatt) % too high?
Universal Logistics Holdings' current ROC (Joel Greenblatt) % of 2.81% is 85% below median its 10-year median of 18.19. The Transportation industry median ROC (Joel Greenblatt) % is 11.76. Universal Logistics Holdings' value of 2.81% is 76.1% below this industry median. Based on the distribution chart, Universal Logistics Holdings ranks #903 out of 998 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Universal Logistics Holdings has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Universal Logistics Holdings' ROC (Joel Greenblatt) % compare to PAMT and TOPP?
According to the Transportation industry distribution chart, Universal Logistics Holdings ranks #903 out of 998 companies for ROC (Joel Greenblatt) %. This places Universal Logistics Holdings in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.76. Universal Logistics Holdings' value of 2.81% is 76.1% below this benchmark. While the company's 10-year median is 18.19 vs. the industry median of 11.76, Universal Logistics 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 Transportation company?
The median ROC (Joel Greenblatt) % among Transportation companies is 11.76, 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. Universal Logistics Holdings's current ROC (Joel Greenblatt) % of 2.81% is 76.1% 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 Universal Logistics Holdings and its competitors. For the Transportation industry, the median ROC (Joel Greenblatt) % is 11.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Universal Logistics Holdings's current ROC (Joel Greenblatt) % is 2.81%, which is 85% below median its own 10-year median of 18.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Logistics Holdings stock overvalued right now?
Based on GuruFocus' analysis, Universal Logistics Holdings (ULH) is currently considered Possible Value Trap. The stock's GF Value™ is $23.49, compared to a current price of $14.57 — trading 38% below its estimated fair value. The current ROC (Joel Greenblatt) % is 2.81%, which is 85% below median its 10-year median of 18.19 and 76.1% below the Transportation industry median of 11.76. Universal Logistics Holdings' overall GF Score™ is 58/100 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 Universal Logistics Holdings (ULH), the current ROC (Joel Greenblatt) % is 2.81% 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 Universal Logistics Holdings (ULH) Overvalued in 2026?
Based on GuruFocus' analysis, Universal Logistics Holdings stock appears to be undervalued.
The current stock price of $14.57 is trading 38% below its estimated GF Value™ of $23.49.
GuruFocus considers Universal Logistics Holdings to be Possible Value Trap.
Key valuation signals for ULH:
ROC (Joel Greenblatt) %: 2.81% (85% below median its 10-year median of 18.19)
GF Value™: $23.49 vs. price of $14.57 (38% below fair value)
Industry Position: 76.1% below the Transportation median (#903 of 998)
No single metric tells the full story. See the ULH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Universal Logistics Holdings Inc is an asset-light provider of customized transportation and logistics solutions throughout the United States, and in Mexico, Canada, and Colombia. It offers services such as truckload, brokerage, intermodal, dedicated, and value-added services. The firm has three reportable segments, namely contract logistics, intermodal, and trucking. The company generates the key revenue from Contract Logistics, which provides value-added and dedicated transportation services to support inbound and internal logistics requirements of industrial manufacturers and retailers, generally under contractual arrangements of one year or longer. Geographically, the firm generates the majority of its revenue from the United States, followed by Mexico, Canada, and Colombia.
58GF Score
Get the complete analysis for ULH
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
ULH has been successfully added to your 
