Dell TechnologiesXSWX:DELL 69 ROC (Joel Greenblatt) % is 255.26% as of Apr. 2026, which is 247% above its 10-year median of 73.48. GuruFocus rates XSWX:DELL with a GF Score™ of 69/100 and a GF Value™ of CHF149.18. The stock has 8 warning signs investors should review. Among 2,487 Hardware companies, Dell Technologies ranks better than 97.39% 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. Dell Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 255.26%.
The historical rank and industry rank for Dell Technologies's ROC (Joel Greenblatt) % or its related term are showing as below:
XSWX:DELL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -73.9 Med: 73.48 Max: 177.83
Current: 177.83
During the past 12 years, Dell Technologies's highest ROC (Joel Greenblatt) % was 177.83%. The lowest was -73.90%. And the median was 73.48%.
XSWX:DELL's ROC (Joel Greenblatt) % is ranked better than 97.39% of 2487
companies
in the Hardware industry
Industry Median: 10.41
vs XSWX:DELL: 177.83
Dell Technologies's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 7.10% 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.
Dell Technologies ROC (Joel Greenblatt) % Related Terms
Dell Technologies ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Dell Technologies'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.
XSWX:DELL vs SNDK, STX, WDC: ROC (Joel Greenblatt) % Comparison
For the Computer Hardware subindustry, Dell Technologies'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.
Dell Technologies ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Dell Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dell Technologies'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 (Apr. 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 255.26% mean?
Dell Technologies (XSWX:DELL) has a ROC (Joel Greenblatt) % of 255.26% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Dell Technologies and its competitors. This is 247% above median its historical median of 73.48. According to the industry distribution chart, Dell Technologies ranks #65 out of 2487 companies in the Hardware industry, placing it in the top 2.6%.
Is Dell Technologies' ROC (Joel Greenblatt) % too high?
Dell Technologies' current ROC (Joel Greenblatt) % of 255.26% is 247% above median its 10-year median of 73.48. The Hardware industry median ROC (Joel Greenblatt) % is 10.41. Dell Technologies' value of 255.26% is 2352.1% above this industry median. Based on the distribution chart, Dell Technologies ranks #65 out of 2487 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Dell Technologies has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Dell Technologies' ROC (Joel Greenblatt) % compare to SNDK and STX?
According to the Hardware industry distribution chart, Dell Technologies ranks #65 out of 2487 companies for ROC (Joel Greenblatt) %. This places Dell Technologies in the top 3% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.41. Dell Technologies' value of 255.26% is 2352.1% above this benchmark. While the company's 10-year median is 73.48 vs. the industry median of 10.41, Dell Technologies 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 Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.41, based on 2,487 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. Dell Technologies's current ROC (Joel Greenblatt) % of 255.26% is 2352.1% 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 Dell Technologies and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dell Technologies's current ROC (Joel Greenblatt) % is 255.26%, which is 247% above median its own 10-year median of 73.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dell Technologies stock overvalued right now?
Dell Technologies (XSWX:DELL) has a current ROC (Joel Greenblatt) % of 255.26%. The stock's GF Value™ is CHF149.18, compared to a current price of CHF331.15 — trading 122% above its estimated fair value. The current ROC (Joel Greenblatt) % is 255.26%, which is 247% above median its 10-year median of 73.48 and 2352.1% above the Hardware industry median of 10.41. Dell Technologies' overall GF Score™ is 69/100 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 Dell Technologies (XSWX:DELL), the current ROC (Joel Greenblatt) % is 255.26% as of Apr. 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 Dell Technologies (XSWX:DELL) Overvalued in 2026?
Based on GuruFocus' analysis, Dell Technologies stock appears to be overvalued.
The current stock price of CHF331.15 is trading 122% above its estimated GF Value™ of CHF149.18.
Key valuation signals for XSWX:DELL:
ROC (Joel Greenblatt) %: 255.26% (247% above median its 10-year median of 73.48)
GF Value™: CHF149.18 vs. price of CHF331.15 (122% above fair value)
Industry Position: 2352.1% above the Hardware median (#65 of 2487)
No single metric tells the full story. See the XSWX:DELL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It focuses on premium and commercial personal computers, as well as enterprise on-premises data center hardware. It holds top-three shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell has a robust ecosystem of component and assembly partners and also relies heavily on channel partners to fulfill its sales.
69GF Score
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