Bfc Fundo De Investimento Imobiliario (BSP:BFCC11) ROC (Joel Greenblatt) %: 1,293.54% (As of Dec. 2025) — Near 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.

BSP:BFCC11 Bfc Fundo De Investimento Imobiliario BSP:BFCC11
14 GF Score
Price R$104.97
! 1 Warning Sign
View Full Analysis

What is Bfc Fundo De Investimento Imobiliario ROC (Joel Greenblatt) %?

Bfc Fundo De Investimento Imobiliario BSP:BFCC11 +0.16% 14 ROC (Joel Greenblatt) % is 1,293.54% as of Dec. 2025, which is at its 10-year median of 1,293.54. GuruFocus rates BSP:BFCC11 with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 576 REITs companies, Bfc Fundo De Investimento Imobiliario ranks better than 78.3% 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. Bfc Fundo De Investimento Imobiliario's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 1,293.54%.

The historical rank and industry rank for Bfc Fundo De Investimento Imobiliario's ROC (Joel Greenblatt) % or its related term are showing as below:

BSP:BFCC11' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1293.54   Med: 1293.54   Max: 1293.54
Current: 1293.54

During the past 2 years, Bfc Fundo De Investimento Imobiliario's highest ROC (Joel Greenblatt) % was 1293.54%. The lowest was 1293.54%. And the median was 1293.54%.

BSP:BFCC11's ROC (Joel Greenblatt) % is ranked better than
78.3% of 576 companies
in the REITs industry
Industry Median: 181.805 vs BSP:BFCC11: 1293.54

Bfc Fundo De Investimento Imobiliario's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Bfc Fundo De Investimento Imobiliario  (BSP:BFCC11) 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.


Bfc Fundo De Investimento Imobiliario ROC (Joel Greenblatt) % Related Terms


Bfc Fundo De Investimento Imobiliario ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Bfc Fundo De Investimento Imobiliario'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.

Bfc Fundo De Investimento Imobiliario ROC (Joel Greenblatt) % Chart

Bfc Fundo De Investimento Imobiliario Annual Data
Trend Dec24 Dec25
ROC (Joel Greenblatt) %
0.00 1,293.54

Bfc Fundo De Investimento Imobiliario Semi-Annual Data
Dec24 Dec25
ROC (Joel Greenblatt) % 0.00 1,293.54

BSP:BFCC11 vs BXP, ARE, VNO: ROC (Joel Greenblatt) % Comparison

For the REIT - Office subindustry, Bfc Fundo De Investimento Imobiliario'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.


Bfc Fundo De Investimento Imobiliario ROC (Joel Greenblatt) % vs REITs Industry

For the REITs industry and Real Estate sector, Bfc Fundo De Investimento Imobiliario's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Bfc Fundo De Investimento Imobiliario's ROC (Joel Greenblatt) % falls into.


BSP:BFCC11
14GF Score
Bfc Fundo De Investimento Imobiliario BSP:BFCC11
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bfc Fundo De Investimento Imobiliario 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. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.257 + 0 + 1.259) - (19.241 + 0 + 0.567)
=-5.292

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.22 + 0 + 1.787) - (1.304 + 0 + 0.282)
=3.421

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Bfc Fundo De Investimento Imobiliario 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: Dec. 2024  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=44.252/( ( (0 + max(-5.292, 0)) + (0 + max(3.421, 0)) )/ 1 )
=44.252/( ( 0 + 3.421 )/ 1 )
=44.252/3.421
=1,293.54 %

Note: The EBIT data used here is one times the 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 1,293.54% mean?
Bfc Fundo De Investimento Imobiliario (BSP:BFCC11) has a ROC (Joel Greenblatt) % of 1,293.54% 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 Bfc Fundo De Investimento Imobiliario and its competitors. This is near median its historical median of 1,293.54. Over the past decade, Bfc Fundo De Investimento Imobiliario's ROC (Joel Greenblatt) % has ranged from 1,293.54 to 1,293.54. According to the industry distribution chart, Bfc Fundo De Investimento Imobiliario ranks #125 out of 576 companies in the REITs industry, placing it in the top 21.7%.
Is Bfc Fundo De Investimento Imobiliario's ROC (Joel Greenblatt) % too high?
Bfc Fundo De Investimento Imobiliario's current ROC (Joel Greenblatt) % of 1,293.54% is near median its 10-year median of 1,293.54. Over the past 10 years, this metric has ranged from a low of 1,293.54 to a high of 1,293.54. The REITs industry median ROC (Joel Greenblatt) % is 181.81. Bfc Fundo De Investimento Imobiliario's value of 1,293.54% is 611.5% above this industry median. Based on the distribution chart, Bfc Fundo De Investimento Imobiliario ranks #125 out of 576 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Bfc Fundo De Investimento Imobiliario has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Bfc Fundo De Investimento Imobiliario's ROC (Joel Greenblatt) % compare to BXP and ARE?
According to the REITs industry distribution chart, Bfc Fundo De Investimento Imobiliario ranks #125 out of 576 companies for ROC (Joel Greenblatt) %. This places Bfc Fundo De Investimento Imobiliario in the top 22% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 181.81. Bfc Fundo De Investimento Imobiliario's value of 1,293.54% is 611.5% above this benchmark. Historically, Bfc Fundo De Investimento Imobiliario's own ROC (Joel Greenblatt) % has ranged from 1,293.54 to 1,293.54 over the past decade. While the company's 10-year median is 1,293.54 vs. the industry median of 181.81, Bfc Fundo De Investimento Imobiliario 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 181.81, based on 576 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. Bfc Fundo De Investimento Imobiliario's current ROC (Joel Greenblatt) % of 1,293.54% is 611.5% 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 Bfc Fundo De Investimento Imobiliario and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 181.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bfc Fundo De Investimento Imobiliario's current ROC (Joel Greenblatt) % is 1,293.54%, which is near median its own 10-year median of 1,293.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bfc Fundo De Investimento Imobiliario stock overvalued right now?
Bfc Fundo De Investimento Imobiliario (BSP:BFCC11) has a current ROC (Joel Greenblatt) % of 1,293.54%. The current ROC (Joel Greenblatt) % is 1,293.54%, which is near median its 10-year median of 1,293.54 and 611.5% above the REITs industry median of 181.81. Bfc Fundo De Investimento Imobiliario's overall GF Score™ is 14/100 with 1 warning sign 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 Bfc Fundo De Investimento Imobiliario (BSP:BFCC11), the current ROC (Joel Greenblatt) % is 1,293.54% 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.

Bfc Fundo De Investimento Imobiliario Business Description

Industry Real EstateREITs
Address PR DE BOTAFOGO, 228, room 907 - Botafogo, Rio de Janeiro, RJ, BRA, 22250-040
Bfc Fundo De Investimento Imobiliario is a Brazilian real estate investment fund with a focus on owning and leasing high-grade office properties. Its main asset consists of a prominent commercial building in a key business district of Sao Paulo, Brazil.
14GF Score

Get the complete analysis for BSP:BFCC11

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

R$104.97
Price