British Land CoBRLAF 71 ROC (Joel Greenblatt) % is 3,918.36% as of Mar. 2026, which is 2581% above its 10-year median of 146.18. GuruFocus rates BRLAF with a GF Score™ of 71/100 and a GF Value™ of $4.95 (Fairly Valued). The stock has 7 warning signs investors should review. Among 587 REITs companies, British Land Co ranks better than 86.37% 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. British Land Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3,918.36%.
The historical rank and industry rank for British Land Co's ROC (Joel Greenblatt) % or its related term are showing as below:
BRLAF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7278.57 Med: 146.18 Max: 3813.33
Current: 3730.43
During the past 13 years, British Land Co's highest ROC (Joel Greenblatt) % was 3813.33%. The lowest was -7278.57%. And the median was 146.18%.
BRLAF's ROC (Joel Greenblatt) % is ranked better than 86.37% of 587
companies
in the REITs industry
Industry Median: 174.41
vs BRLAF: 3730.43
British Land Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
British Land Co (OTCPK:BRLAF) 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.
British Land Co ROC (Joel Greenblatt) % Related Terms
British Land Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for British Land Co'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.
BRLAF vs VICI, WPC: ROC (Joel Greenblatt) % Comparison
For the REIT - Diversified subindustry, British Land Co'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.
British Land Co ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, British Land Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where British Land Co's ROC (Joel Greenblatt) % falls into.
British Land Co 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:
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 (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 3,918.36% mean?
British Land Co (BRLAF) has a ROC (Joel Greenblatt) % of 3,918.36% 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 British Land Co and its competitors. This is 2581% above median its historical median of 146.18. According to the industry distribution chart, British Land Co ranks #80 out of 587 companies in the REITs industry, placing it in the top 13.6%.
Is British Land Co's ROC (Joel Greenblatt) % too high?
British Land Co's current ROC (Joel Greenblatt) % of 3,918.36% is 2581% above median its 10-year median of 146.18. The REITs industry median ROC (Joel Greenblatt) % is 174.41. British Land Co's value of 3,918.36% is 2146.6% above this industry median. Based on the distribution chart, British Land Co ranks #80 out of 587 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, British Land Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does British Land Co's ROC (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, British Land Co ranks #80 out of 587 companies for ROC (Joel Greenblatt) %. This places British Land Co in the top 14% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 174.41. British Land Co's value of 3,918.36% is 2146.6% above this benchmark. While the company's 10-year median is 146.18 vs. the industry median of 174.41, British Land Co 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 174.41, based on 587 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. British Land Co's current ROC (Joel Greenblatt) % of 3,918.36% is 2146.6% 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 British Land Co and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 174.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. British Land Co's current ROC (Joel Greenblatt) % is 3,918.36%, which is 2581% above median its own 10-year median of 146.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is British Land Co stock overvalued right now?
Based on GuruFocus' analysis, British Land Co (BRLAF) is currently considered Fairly Valued. The stock's GF Value™ is $4.95, compared to a current price of $5.20 — trading 5.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 3,918.36%, which is 2581% above median its 10-year median of 146.18 and 2146.6% above the REITs industry median of 174.41. British Land Co's overall GF Score™ is 71/100 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 British Land Co (BRLAF), the current ROC (Joel Greenblatt) % is 3,918.36% 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 British Land Co (BRLAF) Overvalued in 2026?
Based on GuruFocus' analysis, British Land Co stock appears to be overvalued.
The current stock price of $5.20 is trading 5.1% above its estimated GF Value™ of $4.95.
GuruFocus considers British Land Co to be Fairly Valued.
Key valuation signals for BRLAF:
ROC (Joel Greenblatt) %: 3,918.36% (2581% above median its 10-year median of 146.18)
GF Value™: $4.95 vs. price of $5.20 (5.1% above fair value)
Industry Position: 2146.6% above the REITs median (#80 of 587)
No single metric tells the full story. See the BRLAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
British Land Co PLC is a diversified real estate business focused on owning and managing high-quality UK commercial property. The company's portfolio is concentrated in office-led campuses in Central London and retail parks across the UK, while also including shopping centres, other retail assets, and London urban logistics sites. It leverages its development, asset management and property management expertise to create and manage commercial real estate assets. The business operates through two segments: Campuses, comprising Broadgate, Regent's Place, Paddington Central and other campuses, and Retail & London Urban Logistics, comprising retail parks, shopping centres and other retail assets, and London urban logistics sites.
71GF Score
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