AHR (American Healthcare REIT) ROC (Joel Greenblatt) %: 127.26% (As of Mar. 2026) — 277% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

AHR American Healthcare REIT Inc AHR
32 GF Score
Price $57.16
! 8 Warning Signs
View Full Analysis

What is American Healthcare REIT ROC (Joel Greenblatt) %?

American Healthcare REIT AHR +1.01% 32 ROC (Joel Greenblatt) % is 127.26% as of Mar. 2026, which is 277% above its 10-year median of 33.78. GuruFocus rates AHR with a GF Scoreâ„¢ of 32/100. The stock has 8 warning signs investors should review. Among 585 REITs companies, American Healthcare REIT ranks worse than 55.9% 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. American Healthcare REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 127.26%.

The historical rank and industry rank for American Healthcare REIT's ROC (Joel Greenblatt) % or its related term are showing as below:

AHR' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.26   Med: 33.78   Max: 110.15
Current: 110.15

During the past 6 years, American Healthcare REIT's highest ROC (Joel Greenblatt) % was 110.15%. The lowest was 15.26%. And the median was 33.78%.

AHR's ROC (Joel Greenblatt) % is ranked worse than
55.9% of 585 companies
in the REITs industry
Industry Median: 179.69 vs AHR: 110.15

American Healthcare REIT's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


American Healthcare REIT  (NYSE:AHR) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


American Healthcare REIT ROC (Joel Greenblatt) % Related Terms


American Healthcare REIT ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for American Healthcare REIT'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.

American Healthcare REIT ROC (Joel Greenblatt) % Chart

American Healthcare REIT Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 18.10 15.26 33.78 44.43 84.21

American Healthcare REIT Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.31 83.67 151.49 82.09 127.26

AHR vs CTRE, HR, OHI: ROC (Joel Greenblatt) % Comparison

For the REIT - Healthcare Facilities subindustry, American Healthcare REIT'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.


American Healthcare REIT ROC (Joel Greenblatt) % vs REITs Industry

For the REITs industry and Real Estate sector, American Healthcare REIT's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where American Healthcare REIT's ROC (Joel Greenblatt) % falls into.


AHR
32GF Score
American Healthcare REIT Inc AHR
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

American Healthcare REIT 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(204.313 + 18.838 + 36.917) - (317.742 + 0 + 1.1368683772162E-13)
=-57.674

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(241.594 + 20.441 + 38.102) - (340.265 + 0 + 0)
=-40.128

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of American Healthcare REIT for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=169.128/( ( (135.399 + max(-57.674, 0)) + (130.405 + max(-40.128, 0)) )/ 2 )
=169.128/( ( 135.399 + 130.405 )/ 2 )
=169.128/132.902
=127.26 %

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 127.26% mean?
American Healthcare REIT (AHR) has a ROC (Joel Greenblatt) % of 127.26% 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 American Healthcare REIT and its competitors. This is 277% above median its historical median of 33.78. Over the past decade, American Healthcare REIT's ROC (Joel Greenblatt) % has ranged from 15.26 to 110.15. According to the industry distribution chart, American Healthcare REIT ranks #327 out of 585 companies in the REITs industry, placing it in the top 55.9%.
Is American Healthcare REIT's ROC (Joel Greenblatt) % too high?
American Healthcare REIT's current ROC (Joel Greenblatt) % of 127.26% is 277% above median its 10-year median of 33.78. Over the past 10 years, this metric has ranged from a low of 15.26 to a high of 110.15. The REITs industry median ROC (Joel Greenblatt) % is 179.69. American Healthcare REIT's value of 127.26% is 29.2% below this industry median. Based on the distribution chart, American Healthcare REIT ranks #327 out of 585 companies in the REITs industry, which is below the industry midpoint. Overall, American Healthcare REIT has a GF Scoreâ„¢ of 32/100, reflecting its overall financial health beyond just this single metric.
How does American Healthcare REIT's ROC (Joel Greenblatt) % compare to CTRE and HR?
According to the REITs industry distribution chart, American Healthcare REIT ranks #327 out of 585 companies for ROC (Joel Greenblatt) %. This places American Healthcare REIT in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 179.69. American Healthcare REIT's value of 127.26% is 29.2% below this benchmark. Historically, American Healthcare REIT's own ROC (Joel Greenblatt) % has ranged from 15.26 to 110.15 over the past decade. While the company's 10-year median is 33.78 vs. the industry median of 179.69, American Healthcare REIT 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 179.69, based on 585 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. American Healthcare REIT's current ROC (Joel Greenblatt) % of 127.26% is 29.2% 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 American Healthcare REIT and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 179.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Healthcare REIT's current ROC (Joel Greenblatt) % is 127.26%, which is 277% above median its own 10-year median of 33.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Healthcare REIT stock overvalued right now?
American Healthcare REIT (AHR) has a current ROC (Joel Greenblatt) % of 127.26%. The current ROC (Joel Greenblatt) % is 127.26%, which is 277% above median its 10-year median of 33.78 and 29.2% below the REITs industry median of 179.69. American Healthcare REIT's overall GF Score™ is 32/100 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 American Healthcare REIT (AHR), the current ROC (Joel Greenblatt) % is 127.26% 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.

American Healthcare REIT Business Description

Industry Real EstateREITs
Other Exchanges AHR:Mexico
Address 18191 Von Karman Avenue, Suite 300, Irvine, CA, USA, 92612
American Healthcare REIT Inc is a healthcare-focused real estate investment trust. It owns a diversified portfolio of clinical healthcare real estate properties, focusing on medical office buildings, skilled nursing facilities, senior housing, hospitals, and other healthcare-related facilities. It has four reportable business segments: integrated senior health campuses, outpatient medical, triple-net leased properties and SHOP. It generates majority of its revenue through Integrated Senior Health Campuses segment.
32GF Score

Get the complete analysis for AHR

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$57.16
Price