Seef Properties BSC (BAH:SEEF) ROC (Joel Greenblatt) %: 151.01% (As of Dec. 2025) — 39% 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.

BAH:SEEF Seef Properties BSC BAH:SEEF
70 GF Score
Price BHD0.12
GF Value BHD0.12
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Seef Properties BSC ROC (Joel Greenblatt) %?

Seef Properties BSC BAH:SEEF +0.82% 70 ROC (Joel Greenblatt) % is 151.01% as of Dec. 2025, which is 39% above its 10-year median of 108.82. GuruFocus rates BAH:SEEF with a GF Score™ of 70/100 and a GF Value™ of BHD0.12 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,748 Real Estate companies, Seef Properties BSC ranks better than 79.18% 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. Seef Properties BSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 151.01%.

The historical rank and industry rank for Seef Properties BSC's ROC (Joel Greenblatt) % or its related term are showing as below:

BAH:SEEF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 47.23   Med: 108.82   Max: 163.8
Current: 113.54

During the past 13 years, Seef Properties BSC's highest ROC (Joel Greenblatt) % was 163.80%. The lowest was 47.23%. And the median was 108.82%.

BAH:SEEF's ROC (Joel Greenblatt) % is ranked better than
79.18% of 1748 companies
in the Real Estate industry
Industry Median: 12.92 vs BAH:SEEF: 113.54

Seef Properties BSC's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 3.80% per year.


Seef Properties BSC  (BAH:SEEF) 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.


Seef Properties BSC ROC (Joel Greenblatt) % Related Terms


Seef Properties BSC ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Seef Properties BSC'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.

Seef Properties BSC ROC (Joel Greenblatt) % Chart

Seef Properties BSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 104.00 135.38 163.80 137.98 119.49

Seef Properties BSC Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 Premium Member Only Premium Member Only 115.34 107.04 113.48 78.07 151.01

BAH:SEEF vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison

For the Real Estate Services subindustry, Seef Properties BSC'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.


Seef Properties BSC ROC (Joel Greenblatt) % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Seef Properties BSC's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Seef Properties BSC's ROC (Joel Greenblatt) % falls into.


BAH:SEEF
70GF Score
Seef Properties BSC BAH:SEEF
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Seef Properties BSC 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: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.077 + 0 + 0) - (3.184 + 0 + 0)
=0.893

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.526 + 0 + 0.638) - (1.816 + 0 + 1.51)
=-1.162

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Seef Properties BSC for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=8.824/( ( (5.141 + max(0.893, 0)) + (5.653 + max(-1.162, 0)) )/ 2 )
=8.824/( ( 6.034 + 5.653 )/ 2 )
=8.824/5.8435
=151.01 %

Note: The EBIT data used here is four times the quarterly (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 151.01% mean?
Seef Properties BSC (BAH:SEEF) has a ROC (Joel Greenblatt) % of 151.01% 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 Seef Properties BSC and its competitors. This is 39% above median its historical median of 108.82. Over the past decade, Seef Properties BSC's ROC (Joel Greenblatt) % has ranged from 47.23 to 163.80. According to the industry distribution chart, Seef Properties BSC ranks #364 out of 1748 companies in the Real Estate industry, placing it in the top 20.8%.
Is Seef Properties BSC's ROC (Joel Greenblatt) % too high?
Seef Properties BSC's current ROC (Joel Greenblatt) % of 151.01% is 39% above median its 10-year median of 108.82. Over the past 10 years, this metric has ranged from a low of 47.23 to a high of 163.80. The Real Estate industry median ROC (Joel Greenblatt) % is 12.92. Seef Properties BSC's value of 151.01% is 1068.8% above this industry median. Based on the distribution chart, Seef Properties BSC ranks #364 out of 1748 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Seef Properties BSC has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Seef Properties BSC's ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Seef Properties BSC ranks #364 out of 1748 companies for ROC (Joel Greenblatt) %. This places Seef Properties BSC in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.92. Seef Properties BSC's value of 151.01% is 1068.8% above this benchmark. Historically, Seef Properties BSC's own ROC (Joel Greenblatt) % has ranged from 47.23 to 163.80 over the past decade. While the company's 10-year median is 108.82 vs. the industry median of 12.92, Seef Properties BSC 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 12.92, based on 1,748 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. Seef Properties BSC's current ROC (Joel Greenblatt) % of 151.01% is 1068.8% 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 Seef Properties BSC and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seef Properties BSC's current ROC (Joel Greenblatt) % is 151.01%, which is 39% above median its own 10-year median of 108.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seef Properties BSC stock overvalued right now?
Based on GuruFocus' analysis, Seef Properties BSC (BAH:SEEF) is currently considered Fairly Valued. The stock's GF Value™ is BHD0.12, compared to a current price of BHD0.12 — trading 2.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 151.01%, which is 39% above median its 10-year median of 108.82 and 1068.8% above the Real Estate industry median of 12.92. Seef Properties BSC's overall GF Score™ is 70/100 with 4 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 Seef Properties BSC (BAH:SEEF), the current ROC (Joel Greenblatt) % is 151.01% 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 Seef Properties BSC (BAH:SEEF) Overvalued in 2026?

Based on GuruFocus' analysis, Seef Properties BSC stock appears to be overvalued. The current stock price of BHD0.12 is trading 2.5% above its estimated GF Value™ of BHD0.12. GuruFocus considers Seef Properties BSC to be Fairly Valued.

Key valuation signals for BAH:SEEF:

  • ROC (Joel Greenblatt) %: 151.01% (39% above median its 10-year median of 108.82)
  • GF Value™: BHD0.12 vs. price of BHD0.12 (2.5% above fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 1068.8% above the Real Estate median (#364 of 1748)

No single metric tells the full story. See the BAH:SEEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Seef Properties BSC Business Description

Address Road 2825, Block 428, P.O. Box 20084, Building 2102, Office 2001, Seef District, Manama, BHR
Seef Properties BSC is engaged in the real estate business and also provides leisure and recreational game facilities. The company, along with its subsidiaries, owns and manages Seef Mall, Isa Town Mall, Muharraq Seef Mall, Fraser Suites - Seef, Seef Entertainment, and other commercial facilities in the Kingdom of Bahrain. In addition, it manages, as part of property management service agreements, Souq Al Baraha and Al Liwan. The company's business segments are Malls and properties, Serviced apartments, Leisure and entertainment, and Other. A majority of its revenue is generated from the Malls and properties segment, which is engaged in the management of real estate including malls.
70GF Score

Get the complete analysis for BAH:SEEF

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

BHD0.12
Price
BHD0.12
GF Value