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. Centuria Industrial REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.00%.
The historical rank and industry rank for Centuria Industrial REIT's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:CIP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 872.54 Med: 1292.34 Max: 1774.35
Current: 1774.35
During the past 13 years, Centuria Industrial REIT's highest ROC (Joel Greenblatt) % was 1774.35%. The lowest was 872.54%. And the median was 1292.34%.
ASX:CIP's ROC (Joel Greenblatt) % is ranked better than 82.68% of 589
companies
in the REITs industry
Industry Median: 177.71
vs ASX:CIP: 1774.35
Centuria Industrial REIT's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Centuria Industrial REIT ROC (Joel Greenblatt) % Related Terms
Centuria Industrial REIT ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Centuria Industrial 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.
ASX:CIP vs PLD, PSA, EXR: ROC (Joel Greenblatt) % Comparison
For the REIT - Industrial subindustry, Centuria Industrial 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.
Centuria Industrial REIT ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Centuria Industrial REIT's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Centuria Industrial REIT'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 two times the semi-annual (Dec. 2025) 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 0.00% mean?
Centuria Industrial REIT (ASX:CIP) has a ROC (Joel Greenblatt) % of 0.00% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Centuria Industrial REIT and its competitors. Over the past decade, Centuria Industrial REIT's ROC (Joel Greenblatt) % has ranged from 872.54 to 1,774.35. According to the industry distribution chart, Centuria Industrial REIT ranks #102 out of 589 companies in the REITs industry, placing it in the top 17.3%.
Is Centuria Industrial REIT's ROC (Joel Greenblatt) % too high?
Centuria Industrial REIT's current ROC (Joel Greenblatt) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 872.54 to a high of 1,774.35. Based on the distribution chart, Centuria Industrial REIT ranks #102 out of 589 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Centuria Industrial REIT has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Centuria Industrial REIT's ROC (Joel Greenblatt) % compare to PLD and PSA?
According to the REITs industry distribution chart, Centuria Industrial REIT ranks #102 out of 589 companies for ROC (Joel Greenblatt) %. This places Centuria Industrial REIT in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 177.71. Historically, Centuria Industrial REIT's own ROC (Joel Greenblatt) % has ranged from 872.54 to 1,774.35 over the past decade. 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 177.71, based on 589 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 Centuria Industrial REIT and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 177.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Centuria Industrial REIT's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centuria Industrial REIT stock overvalued right now?
Based on GuruFocus' analysis, Centuria Industrial REIT (ASX:CIP) is currently considered Fairly Valued. The stock's GF Value™ is A$2.87, compared to a current price of A$3.08 — trading 7.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. Centuria Industrial REIT's overall GF Score™ is 78/100 with 6 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 Centuria Industrial REIT (ASX:CIP), the current ROC (Joel Greenblatt) % is 0.00% as of Dec. 2025. 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 Centuria Industrial REIT (ASX:CIP) Overvalued in 2026?
Based on GuruFocus' analysis, Centuria Industrial REIT stock appears to be overvalued.
The current stock price of A$3.08 is trading 7.3% above its estimated GF Value™ of A$2.87.
GuruFocus considers Centuria Industrial REIT to be Fairly Valued.
Key valuation signals for ASX:CIP:
ROC (Joel Greenblatt) %: 0.00%
GF Value™: A$2.87 vs. price of A$3.08 (7.3% above fair value)
No single metric tells the full story. See the ASX:CIP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Centuria Industrial REIT owns a AUD 4 billion portfolio of industrial properties, including distribution centers, manufacturing facilities, and data centers. Melbourne and Sydney are its biggest markets at more than a third of portfolio value each, followed by Brisbane, Perth and Adelaide. The trust is externally managed by Centuria Capital Group (ASX: CNI).
78GF Score
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