Digital Realty TrustDLR -1.02%86 ROC (Joel Greenblatt) % is 109.68% as of Mar. 2026, which is 4% above its 10-year median of 105.85. GuruFocus rates DLR with a GF Score™ of 86/100 and a GF Value™ of $166.67 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 591 REITs companies, Digital Realty Trust ranks worse than 50.76% 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. Digital Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 109.68%.
The historical rank and industry rank for Digital Realty Trust's ROC (Joel Greenblatt) % or its related term are showing as below:
DLR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 51.58 Med: 105.85 Max: 162.33
Current: 162.33
During the past 13 years, Digital Realty Trust's highest ROC (Joel Greenblatt) % was 162.33%. The lowest was 51.58%. And the median was 105.85%.
DLR's ROC (Joel Greenblatt) % is ranked worse than 50.76% of 591
companies
in the REITs industry
Industry Median: 174.41
vs DLR: 162.33
Digital Realty Trust's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 8.10% per year.
Digital Realty Trust (NYSE:DLR) 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.
Digital Realty Trust ROC (Joel Greenblatt) % Related Terms
Digital Realty Trust ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Digital Realty Trust'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.
Digital Realty Trust ROC (Joel Greenblatt) % Chart
DLR vs AMT, CCI, IRM: ROC (Joel Greenblatt) % Comparison
For the REIT - Specialty subindustry, Digital Realty Trust'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.
Digital Realty Trust ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Digital Realty Trust's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Digital Realty Trust's ROC (Joel Greenblatt) % falls into.
Digital Realty Trust 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 109.68% mean?
Digital Realty Trust (DLR) has a ROC (Joel Greenblatt) % of 109.68% 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 Digital Realty Trust and its competitors. This is near median its historical median of 105.85. Over the past decade, Digital Realty Trust's ROC (Joel Greenblatt) % has ranged from 51.58 to 162.33. According to the industry distribution chart, Digital Realty Trust ranks #300 out of 591 companies in the REITs industry, placing it in the top 50.8%.
Is Digital Realty Trust's ROC (Joel Greenblatt) % too high?
Digital Realty Trust's current ROC (Joel Greenblatt) % of 109.68% is near median its 10-year median of 105.85. Over the past 10 years, this metric has ranged from a low of 51.58 to a high of 162.33. The REITs industry median ROC (Joel Greenblatt) % is 174.41. Digital Realty Trust's value of 109.68% is 37.1% below this industry median. Based on the distribution chart, Digital Realty Trust ranks #300 out of 591 companies in the REITs industry, which is below the industry midpoint. Overall, Digital Realty Trust has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Digital Realty Trust's ROC (Joel Greenblatt) % compare to AMT and CCI?
According to the REITs industry distribution chart, Digital Realty Trust ranks #300 out of 591 companies for ROC (Joel Greenblatt) %. This places Digital Realty Trust in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 174.41. Digital Realty Trust's value of 109.68% is 37.1% below this benchmark. Historically, Digital Realty Trust's own ROC (Joel Greenblatt) % has ranged from 51.58 to 162.33 over the past decade. While the company's 10-year median is 105.85 vs. the industry median of 174.41, Digital Realty Trust 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 174.41, based on 591 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. Digital Realty Trust's current ROC (Joel Greenblatt) % of 109.68% is 37.1% 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 Digital Realty Trust and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 174.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Digital Realty Trust's current ROC (Joel Greenblatt) % is 109.68%, which is near median its own 10-year median of 105.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digital Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Digital Realty Trust (DLR) is currently considered Modestly Overvalued. The stock's GF Value™ is $166.67, compared to a current price of $193.02 — trading 15.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 109.68%, which is near median its 10-year median of 105.85 and 37.1% below the REITs industry median of 174.41. Digital Realty Trust's overall GF Score™ is 86/100 with 11 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 Digital Realty Trust (DLR), the current ROC (Joel Greenblatt) % is 109.68% 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 Digital Realty Trust (DLR) Overvalued in 2026?
Based on GuruFocus' analysis, Digital Realty Trust stock appears to be overvalued.
The current stock price of $193.02 is trading 15.8% above its estimated GF Value™ of $166.67.
GuruFocus considers Digital Realty Trust to be Modestly Overvalued.
Key valuation signals for DLR:
ROC (Joel Greenblatt) %: 109.68% (near median its 10-year median of 105.85)
GF Value™: $166.67 vs. price of $193.02 (15.8% above fair value)
Industry Position: 37.1% below the REITs median (#300 of 591)
No single metric tells the full story. See the DLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Digital Realty is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and large businesses. Digital Realty operates 300 properties in 57 metropolitan areas across 31 countries, serving 5,000 customers. Renting physical space accounts for about 90% of Digital Realty's revenue. The firm enables hyperscalers and other clients to store servers, data, and networking equipment. The other 10% of revenue is generated primarily through interconnection services (8%) and other fee income (2%).
86GF Score
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