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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. EZ TEC Empreendimentos e Participacoes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 44.27%.
BSP:EZTC3'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.74 Med: 35.72 Max: 65.44
Current: 47.21
During the past 13 years, EZ TEC Empreendimentos e Participacoes's highest ROC (Joel Greenblatt) % was 65.44%. The lowest was 13.74%. And the median was 35.72%.
BSP:EZTC3's ROC (Joel Greenblatt) % is ranked better than 70.37% of 1748
companies
in the Real Estate industry
Industry Median: 12.85
vs BSP:EZTC3: 47.21
EZ TEC Empreendimentos e Participacoes (BSP:EZTC3) 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.
* 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.
EZ TEC Empreendimentos e Participacoes ROC (Joel Greenblatt) % Chart
EZ TEC Empreendimentos e Participacoes Annual Data
EZ TEC Empreendimentos e Participacoes ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, EZ TEC Empreendimentos e Participacoes'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.
EZ TEC Empreendimentos e Participacoes ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, EZ TEC Empreendimentos e Participacoes's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where EZ TEC Empreendimentos e Participacoes's ROC (Joel Greenblatt) % falls into.
EZ TEC Empreendimentos e Participacoes 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 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 44.27% mean?
EZ TEC Empreendimentos e Participacoes (BSP:EZTC3) has a ROC (Joel Greenblatt) % of 44.27% 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 EZ TEC Empreendimentos e Participacoes and its competitors. This is 24% above median its historical median of 35.72. Over the past decade, EZ TEC Empreendimentos e Participacoes' ROC (Joel Greenblatt) % has ranged from 13.74 to 65.44. According to the industry distribution chart, EZ TEC Empreendimentos e Participacoes ranks #518 out of 1748 companies in the Real Estate industry, placing it in the top 29.6%.
Is EZ TEC Empreendimentos e Participacoes' ROC (Joel Greenblatt) % too high?
EZ TEC Empreendimentos e Participacoes' current ROC (Joel Greenblatt) % of 44.27% is 24% above median its 10-year median of 35.72. Over the past 10 years, this metric has ranged from a low of 13.74 to a high of 65.44. The Real Estate industry median ROC (Joel Greenblatt) % is 12.85. EZ TEC Empreendimentos e Participacoes' value of 44.27% is 244.5% above this industry median. Based on the distribution chart, EZ TEC Empreendimentos e Participacoes ranks #518 out of 1748 companies in the Real Estate industry, which is above the industry midpoint. Overall, EZ TEC Empreendimentos e Participacoes has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EZ TEC Empreendimentos e Participacoes' ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, EZ TEC Empreendimentos e Participacoes ranks #518 out of 1748 companies for ROC (Joel Greenblatt) %. This puts EZ TEC Empreendimentos e Participacoes in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.85. EZ TEC Empreendimentos e Participacoes' value of 44.27% is 244.5% above this benchmark. Historically, EZ TEC Empreendimentos e Participacoes' own ROC (Joel Greenblatt) % has ranged from 13.74 to 65.44 over the past decade. While the company's 10-year median is 35.72 vs. the industry median of 12.85, EZ TEC Empreendimentos e Participacoes 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 12.85, 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. EZ TEC Empreendimentos e Participacoes's current ROC (Joel Greenblatt) % of 44.27% is 244.5% 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 EZ TEC Empreendimentos e Participacoes and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EZ TEC Empreendimentos e Participacoes's current ROC (Joel Greenblatt) % is 44.27%, which is 24% above median its own 10-year median of 35.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EZ TEC Empreendimentos e Participacoes stock overvalued right now?
Based on GuruFocus' analysis, EZ TEC Empreendimentos e Participacoes (BSP:EZTC3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$14.70, compared to a current price of R$11.08 — trading 24.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 44.27%, which is 24% above median its 10-year median of 35.72 and 244.5% above the Real Estate industry median of 12.85. EZ TEC Empreendimentos e Participacoes' overall GF Score™ is 91/100 with 6 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 EZ TEC Empreendimentos e Participacoes (BSP:EZTC3), the current ROC (Joel Greenblatt) % is 44.27% 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 EZ TEC Empreendimentos e Participacoes (BSP:EZTC3) Overvalued in 2026?
Based on GuruFocus' analysis, EZ TEC Empreendimentos e Participacoes stock appears to be undervalued.
The current stock price of R$11.08 is trading 24.6% below its estimated GF Value™ of R$14.70.
GuruFocus considers EZ TEC Empreendimentos e Participacoes to be Modestly Undervalued.
Key valuation signals for BSP:EZTC3:
ROC (Joel Greenblatt) %: 44.27% (24% above median its 10-year median of 35.72)
GF Value™: R$14.70 vs. price of R$11.08 (24.6% below fair value)
Industry Position: 244.5% above the Real Estate median (#518 of 1748)
No single metric tells the full story. See the BSP:EZTC3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EZ TEC Empreendimentos e Participacoes Business Description
EZ TEC Empreendimentos e Participacoes SA is a real estate development company that operates out of Brazil. The company and its subsidiaries engage in the development & sale of real estate, the management & lease of its own properties, land allotment, construction of condominiums, and services related to projects. The company defines its operations to include two revenue generating segments: commercial projects and residential projects. A majority of revenue is derived from the residential project segment, while a smaller portion is derived from the commercial projects segment. The company earns majority of its revenue in Brazil.
91GF 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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