BFS (Saul Centers) ROC (Joel Greenblatt) %: 618,340.00% (As of Mar. 2026) — 75614% Above Median


BFS Saul Centers Inc BFS
78 GF Score
Price $37.88
GF Value $41.81
Valuation Fairly Valued
! 11 Warning Signs
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What is Saul Centers ROC (Joel Greenblatt) %?

Saul Centers BFS +2.38% 78 ROC (Joel Greenblatt) % is 618,340.00% as of Mar. 2026, which is 75614% above its 10-year median of 816.68. GuruFocus rates BFS with a GF Score™ of 78/100 and a GF Value™ of $41.81 (Fairly Valued). The stock has 11 warning signs investors should review. Among 590 REITs companies, Saul Centers ranks better than 98.81% 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. Saul Centers's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 618,340.00%.

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

BFS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 580.36   Med: 816.68   Max: 594340
Current: 594340

During the past 13 years, Saul Centers's highest ROC (Joel Greenblatt) % was 594340.00%. The lowest was 580.36%. And the median was 816.68%.

BFS's ROC (Joel Greenblatt) % is ranked better than
98.81% of 590 companies
in the REITs industry
Industry Median: 176.06 vs BFS: 594340.00

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


Saul Centers  (NYSE:BFS) 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.


Saul Centers ROC (Joel Greenblatt) % Related Terms


Saul Centers ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Saul Centers'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.

Saul Centers ROC (Joel Greenblatt) % Chart

Saul Centers 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 648.15 939.89 0.00 0.00 584,825.00

Saul Centers Quarterly Data
Jun21 Sep21 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 Premium Member Only Premium Member Only 0.00 0.00 0.00 545,860.00 618,340.00

BFS vs WSR, ALX, PINE: ROC (Joel Greenblatt) % Comparison

For the REIT - Retail subindustry, Saul Centers'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.


Saul Centers ROC (Joel Greenblatt) % vs REITs Industry

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

* The bar in red indicates where Saul Centers's ROC (Joel Greenblatt) % falls into.


BFS
78GF Score
Saul Centers Inc BFS
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saul Centers 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)
=(60.799 + 0 + 1.4210854715202E-14) - (60.779 + 0 + 0)
=0.02000000000001

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(61.252 + 0 + 0) - (65.63 + 0 + 0)
=-4.378

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Saul Centers 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 )
=123.668/( ( (0 + max(0.02000000000001, 0)) + (0 + max(-4.378, 0)) )/ 1 )
=123.668/( ( 0.02000000000001 + 0 )/ 1 )
=123.668/0.02000000000001
=618,340.00 %

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 618,340.00% mean?
Saul Centers (BFS) has a ROC (Joel Greenblatt) % of 618,340.00% 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 Saul Centers and its competitors. This is 75614% above median its historical median of 816.68. Over the past decade, Saul Centers' ROC (Joel Greenblatt) % has ranged from 580.36 to 594,340.00. According to the industry distribution chart, Saul Centers ranks #7 out of 590 companies in the REITs industry, placing it in the top 1.2%.
Is Saul Centers' ROC (Joel Greenblatt) % too high?
Saul Centers' current ROC (Joel Greenblatt) % of 618,340.00% is 75614% above median its 10-year median of 816.68. Over the past 10 years, this metric has ranged from a low of 580.36 to a high of 594,340.00. The REITs industry median ROC (Joel Greenblatt) % is 176.06. Saul Centers' value of 618,340.00% is 351109.8% above this industry median. Based on the distribution chart, Saul Centers ranks #7 out of 590 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Saul Centers has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saul Centers' ROC (Joel Greenblatt) % compare to WSR and ALX?
According to the REITs industry distribution chart, Saul Centers ranks #7 out of 590 companies for ROC (Joel Greenblatt) %. This places Saul Centers in the top 1% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 176.06. Saul Centers' value of 618,340.00% is 351109.8% above this benchmark. Historically, Saul Centers' own ROC (Joel Greenblatt) % has ranged from 580.36 to 594,340.00 over the past decade. While the company's 10-year median is 816.68 vs. the industry median of 176.06, Saul Centers 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 176.06, based on 590 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. Saul Centers's current ROC (Joel Greenblatt) % of 618,340.00% is 351109.8% 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 Saul Centers and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 176.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saul Centers's current ROC (Joel Greenblatt) % is 618,340.00%, which is 75614% above median its own 10-year median of 816.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saul Centers stock overvalued right now?
Based on GuruFocus' analysis, Saul Centers (BFS) is currently considered Fairly Valued. The stock's GF Value™ is $41.81, compared to a current price of $37.88 — trading 9.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 618,340.00%, which is 75614% above median its 10-year median of 816.68 and 351109.8% above the REITs industry median of 176.06. Saul Centers' overall GF Score™ is 78/100 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 Saul Centers (BFS), the current ROC (Joel Greenblatt) % is 618,340.00% 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 Saul Centers (BFS) Overvalued in 2026?

Based on GuruFocus' analysis, Saul Centers stock appears to be undervalued. The current stock price of $37.88 is trading 9.4% below its estimated GF Value™ of $41.81. GuruFocus considers Saul Centers to be Fairly Valued.

Key valuation signals for BFS:

  • ROC (Joel Greenblatt) %: 618,340.00% (75614% above median its 10-year median of 816.68)
  • GF Value™: $41.81 vs. price of $37.88 (9.4% below fair value)
  • GF Score™: 78/100 with 11 warning signs
  • Industry Position: 351109.8% above the REITs median (#7 of 590)

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


Saul Centers Business Description

Industry Real EstateREITs
Other Exchanges BFSpE.PFD:USABFSpD.PFD:USA
Address 7501 Wisconsin Avenue, Suite 1500 East, Bethesda, MD, USA, 20814-6522
Saul Centers Inc is a self-managed real estate investment trust which invests in, operates and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are located in the Washington, D.C. and Batlimore metropolitan areas. Saul Centers operates through two business segments: Shopping Centers segment, which contribute the maximum portion of total revenue; and mixed-use properties.Mixed-Use Properties segment include office, retail and multi-family residential use.
78GF Score

Get the complete analysis for BFS

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

$37.88
Price
$41.81
GF Value