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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. HomeCo Daily Needs REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.00%.
The historical rank and industry rank for HomeCo Daily Needs REIT's ROC (Joel Greenblatt) % or its related term are showing as below:
ASX:HDN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0 Med: 0 Max: 15941.38
Current: 15941.38
During the past 4 years, HomeCo Daily Needs REIT's highest ROC (Joel Greenblatt) % was 15941.38%. The lowest was 0.00%. And the median was 0.00%.
ASX:HDN's ROC (Joel Greenblatt) % is ranked better than 93.5% of 585
companies
in the REITs industry
Industry Median: 179.69
vs ASX:HDN: 15941.38
HomeCo Daily Needs 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.
HomeCo Daily Needs REIT ROC (Joel Greenblatt) % Related Terms
HomeCo Daily Needs REIT ROC (Joel Greenblatt) % Historical Data
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The historical data trend for HomeCo Daily Needs 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:HDN vs SPG, O, KIM: ROC (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, HomeCo Daily Needs 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.
HomeCo Daily Needs REIT ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, HomeCo Daily Needs REIT's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where HomeCo Daily Needs 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?
HomeCo Daily Needs REIT (ASX:HDN) 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 HomeCo Daily Needs REIT and its competitors. According to the industry distribution chart, HomeCo Daily Needs REIT ranks #38 out of 585 companies in the REITs industry, placing it in the top 6.5%.
Is HomeCo Daily Needs REIT's ROC (Joel Greenblatt) % too high?
HomeCo Daily Needs REIT's current ROC (Joel Greenblatt) % is 0.00%. Based on the distribution chart, HomeCo Daily Needs REIT ranks #38 out of 585 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, HomeCo Daily Needs REIT has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HomeCo Daily Needs REIT's ROC (Joel Greenblatt) % compare to SPG and O?
According to the REITs industry distribution chart, HomeCo Daily Needs REIT ranks #38 out of 585 companies for ROC (Joel Greenblatt) %. This places HomeCo Daily Needs REIT in the top 7% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 179.69. 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. 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 HomeCo Daily Needs 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. HomeCo Daily Needs 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 HomeCo Daily Needs REIT stock overvalued right now?
Based on GuruFocus' analysis, HomeCo Daily Needs REIT (ASX:HDN) is currently considered Fairly Valued. The stock's GF Value™ is A$1.20, compared to a current price of A$1.27 — trading 5.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. HomeCo Daily Needs REIT's overall GF Score™ is 57/100 with 7 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 HomeCo Daily Needs REIT (ASX:HDN), 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 HomeCo Daily Needs REIT (ASX:HDN) Overvalued in 2026?
Based on GuruFocus' analysis, HomeCo Daily Needs REIT stock appears to be overvalued.
The current stock price of A$1.27 is trading 5.8% above its estimated GF Value™ of A$1.20.
GuruFocus considers HomeCo Daily Needs REIT to be Fairly Valued.
Key valuation signals for ASX:HDN:
ROC (Joel Greenblatt) %: 0.00%
GF Value™: A$1.20 vs. price of A$1.27 (5.8% above fair value)
No single metric tells the full story. See the ASX:HDN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HomeCo Daily Needs REIT is a listed investment trust established and managed by HMC Capital, an ASX-listed alternative asset manager. HMC receives fees from HomeCo in exchange for property, investment, and development management services, and retains a minority interest in the REIT. HomeCo focuses on convenience-based assets that offer everyday goods and services, such as supermarkets, liquor stores, pharmacies, childcare, government and general services. Its portfolio also has a significant weighting to large format retail—a subsector that specializes in furniture, electrical appliances, and other homemaker offerings. Majority of HomeCo's leases has fixed annual rate increases, and a smaller proportion are inflation-linked, with the rest commensurate with supermarket turnover.
57GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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