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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. General Shopping e Outlets do Brasil's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -3,187.18%.
The historical rank and industry rank for General Shopping e Outlets do Brasil's ROC (Joel Greenblatt) % or its related term are showing as below:
BSP:GSHP3'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1305.47 Med: 205.4 Max: 2051.99
Current: -770.53
During the past 13 years, General Shopping e Outlets do Brasil's highest ROC (Joel Greenblatt) % was 2051.99%. The lowest was -1305.47%. And the median was 205.40%.
BSP:GSHP3's ROC (Joel Greenblatt) % is ranked worse than 96.57% of 1748
companies
in the Real Estate industry
Industry Median: 12.85
vs BSP:GSHP3: -770.53
General Shopping e Outlets do Brasil (BSP:GSHP3) 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.
General Shopping e Outlets do Brasil ROC (Joel Greenblatt) % Chart
General Shopping e Outlets do Brasil ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Diversified subindustry, General Shopping e Outlets do Brasil'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.
General Shopping e Outlets do Brasil ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, General Shopping e Outlets do Brasil's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where General Shopping e Outlets do Brasil's ROC (Joel Greenblatt) % falls into.
General Shopping e Outlets do Brasil 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 -3,187.18% mean?
General Shopping e Outlets do Brasil (BSP:GSHP3) has a ROC (Joel Greenblatt) % of -3,187.18% 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 General Shopping e Outlets do Brasil and its competitors. According to the industry distribution chart, General Shopping e Outlets do Brasil ranks #1688 out of 1748 companies in the Real Estate industry, placing it in the top 96.6%.
Is General Shopping e Outlets do Brasil's ROC (Joel Greenblatt) % too high?
General Shopping e Outlets do Brasil's current ROC (Joel Greenblatt) % is -3,187.18%. Based on the distribution chart, General Shopping e Outlets do Brasil ranks #1688 out of 1748 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, General Shopping e Outlets do Brasil has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does General Shopping e Outlets do Brasil's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, General Shopping e Outlets do Brasil ranks #1688 out of 1748 companies for ROC (Joel Greenblatt) %. This places General Shopping e Outlets do Brasil in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.85. 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. 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 General Shopping e Outlets do Brasil 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. General Shopping e Outlets do Brasil's current ROC (Joel Greenblatt) % is -3,187.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Shopping e Outlets do Brasil stock overvalued right now?
Based on GuruFocus' analysis, General Shopping e Outlets do Brasil (BSP:GSHP3) is currently considered Possible Value Trap. The stock's GF Value™ is R$8.60, compared to a current price of R$3.70 — trading 57% below its estimated fair value. The current ROC (Joel Greenblatt) % is -3,187.18%. General Shopping e Outlets do Brasil's overall GF Score™ is 44/100 with 3 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 General Shopping e Outlets do Brasil (BSP:GSHP3), the current ROC (Joel Greenblatt) % is -3,187.18% 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 General Shopping e Outlets do Brasil (BSP:GSHP3) Overvalued in 2026?
Based on GuruFocus' analysis, General Shopping e Outlets do Brasil stock appears to be undervalued.
The current stock price of R$3.70 is trading 57% below its estimated GF Value™ of R$8.60.
GuruFocus considers General Shopping e Outlets do Brasil to be Possible Value Trap.
Key valuation signals for BSP:GSHP3:
ROC (Joel Greenblatt) %: -3,187.18%
GF Value™: R$8.60 vs. price of R$3.70 (57% below fair value)
No single metric tells the full story. See the BSP:GSHP3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
General Shopping e Outlets do Brasil Business Description
General Shopping e Outlets do Brasil SA is engaged in the planning and management of shopping centers, leasing commercial stores, leasing advertising and promotional space, managing shopping center and parking lots, and planning and leasing of electrical and water supply equipment at the developments. It operates through two segments. The Rent segment refers to the lease of space to tenants and other commercial spaces such as sales stand for publicity and promotion, exploitation of parking lots, and fees concerning the transfer of rights to use property spaces. The Services segment relates to the management of energy and power supply of shopping malls as well as the exploitation of parking lots. The company makes the majority of its revenue from the Services segment.
44GF Score
Get the complete analysis for BSP:GSHP3
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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