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. Borussia Dortmund GmbH KGaA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -26.08%.
The historical rank and industry rank for Borussia Dortmund GmbH KGaA's ROC (Joel Greenblatt) % or its related term are showing as below:
XSWX:BVB'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -38.1 Med: 10.02 Max: 28.3
Current: 5.23
During the past 13 years, Borussia Dortmund GmbH KGaA's highest ROC (Joel Greenblatt) % was 28.30%. The lowest was -38.10%. And the median was 10.02%.
XSWX:BVB's ROC (Joel Greenblatt) % is ranked worse than 54.75% of 1021
companies
in the Media - Diversified industry
Industry Median: 9.21
vs XSWX:BVB: 5.23
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.
XSWX:BVB vs NFLX, DIS, WBD: ROC (Joel Greenblatt) % Comparison
For the Entertainment subindustry, Borussia Dortmund GmbH KGaA'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.
Borussia Dortmund GmbH KGaA ROC (Joel Greenblatt) % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Borussia Dortmund GmbH KGaA's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Borussia Dortmund GmbH KGaA'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 -26.08% mean?
Borussia Dortmund GmbH KGaA (XSWX:BVB) has a ROC (Joel Greenblatt) % of -26.08% 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 Borussia Dortmund GmbH KGaA and its competitors. According to the industry distribution chart, Borussia Dortmund GmbH KGaA ranks #559 out of 1021 companies in the Media - Diversified industry, placing it in the top 54.8%.
Is Borussia Dortmund GmbH KGaA's ROC (Joel Greenblatt) % too high?
Borussia Dortmund GmbH KGaA's current ROC (Joel Greenblatt) % is -26.08%. Based on the distribution chart, Borussia Dortmund GmbH KGaA ranks #559 out of 1021 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Borussia Dortmund GmbH KGaA has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Borussia Dortmund GmbH KGaA's ROC (Joel Greenblatt) % compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Borussia Dortmund GmbH KGaA ranks #559 out of 1021 companies for ROC (Joel Greenblatt) %. This places Borussia Dortmund GmbH KGaA in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 9.21. 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 Media - Diversified company?
The median ROC (Joel Greenblatt) % among Media - Diversified companies is 9.21, based on 1,021 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 Borussia Dortmund GmbH KGaA and its competitors. For the Media - Diversified industry, the median ROC (Joel Greenblatt) % is 9.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Borussia Dortmund GmbH KGaA's current ROC (Joel Greenblatt) % is -26.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borussia Dortmund GmbH KGaA stock overvalued right now?
Borussia Dortmund GmbH KGaA (XSWX:BVB) has a current ROC (Joel Greenblatt) % of -26.08%. The stock's GF Value™ is CHF3.29, compared to a current price of CHF2.83 — trading 14.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is -26.08%. Borussia Dortmund GmbH KGaA's overall GF Score™ is 69/100 with 5 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 Borussia Dortmund GmbH KGaA (XSWX:BVB), the current ROC (Joel Greenblatt) % is -26.08% 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 Borussia Dortmund GmbH KGaA (XSWX:BVB) Overvalued in 2026?
Based on GuruFocus' analysis, Borussia Dortmund GmbH KGaA stock appears to be undervalued.
The current stock price of CHF2.83 is trading 14.1% below its estimated GF Value™ of CHF3.29.
Key valuation signals for XSWX:BVB:
ROC (Joel Greenblatt) %: -26.08%
GF Value™: CHF3.29 vs. price of CHF2.83 (14.1% below fair value)
No single metric tells the full story. See the XSWX:BVB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Borussia Dortmund GmbH & Co KGaA operates a football club. The company conducts its business through the following segments: Borussia Dortmund GmbH & Co. KGaA operates a football club that includes a professional football squad and leverages revenue potential from player transfers, catering, TV marketing, sponsorship, and ticketing. The BVB Merchandising segment consists of a separate merchandising business. The BVB Event and Catering GmbH segment conducts tours, provides and arranges event staffing services, plans and organizes, caters, and manages events of all types. The Besttravel Dortmund GmbH segment arranges travel by air, rail, and ship. The company earns the majority of its revenues from the Borussia Dortmund GmbH & Co. KGaA segment.
69GF Score
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