Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) ROC (Joel Greenblatt) %: 10.57% (As of Mar. 2026) — 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:MTRE3 Mitre Realty Empreendimentos E Participacoes SA BSP:MTRE3
78 GF Score
Price R$2.93
GF Value R$4.16
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Mitre Realty Empreendimentos E Participacoes ROC (Joel Greenblatt) %?

Mitre Realty Empreendimentos E Participacoes BSP:MTRE3 -1.68% 78 ROC (Joel Greenblatt) % is 10.57% as of Mar. 2026, which is 1% below its 10-year median of 10.63. GuruFocus rates BSP:MTRE3 with a GF Score™ of 78/100 and a GF Value™ of R$4.16 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,750 Real Estate companies, Mitre Realty Empreendimentos E Participacoes ranks worse than 56.17% 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. Mitre Realty Empreendimentos E Participacoes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.57%.

The historical rank and industry rank for Mitre Realty Empreendimentos E Participacoes's ROC (Joel Greenblatt) % or its related term are showing as below:

BSP:MTRE3' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4.13   Med: 10.63   Max: 36.53
Current: 9.05

During the past 11 years, Mitre Realty Empreendimentos E Participacoes's highest ROC (Joel Greenblatt) % was 36.53%. The lowest was -4.13%. And the median was 10.63%.

BSP:MTRE3's ROC (Joel Greenblatt) % is ranked worse than
56.17% of 1750 companies
in the Real Estate industry
Industry Median: 12.795 vs BSP:MTRE3: 9.05

Mitre Realty Empreendimentos E Participacoes's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -20.60% per year.


Mitre Realty Empreendimentos E Participacoes  (BSP:MTRE3) 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.


Mitre Realty Empreendimentos E Participacoes ROC (Joel Greenblatt) % Related Terms


Mitre Realty Empreendimentos E Participacoes ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Mitre Realty Empreendimentos E Participacoes'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.

Mitre Realty Empreendimentos E Participacoes ROC (Joel Greenblatt) % Chart

Mitre Realty Empreendimentos E Participacoes 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 15.67 6.38 12.11 9.15 8.81

Mitre Realty Empreendimentos E Participacoes 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 7.41 6.80 6.55 12.32 10.57

Mitre Realty Empreendimentos E Participacoes ROC (Joel Greenblatt) % Competitor Comparison

For the Real Estate - Development subindustry, Mitre Realty 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.


Mitre Realty Empreendimentos E Participacoes ROC (Joel Greenblatt) % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Mitre Realty Empreendimentos E Participacoes's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Mitre Realty Empreendimentos E Participacoes's ROC (Joel Greenblatt) % falls into.


BSP:MTRE3
78GF Score
Mitre Realty Empreendimentos E Participacoes SA BSP:MTRE3
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitre Realty 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:

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)
=(749.268 + 882.227 + 49.511) - (212.784 + 0 + 256.623)
=1211.599

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(652.41 + 847.89 + 67.866) - (207.818 + 0 + 246.818)
=1113.53

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Mitre Realty Empreendimentos E Participacoes 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 )
=127.392/( ( (41.677 + max(1211.599, 0)) + (44.594 + max(1113.53, 0)) )/ 2 )
=127.392/( ( 1253.276 + 1158.124 )/ 2 )
=127.392/1205.7
=10.57 %

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 10.57% mean?
Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) has a ROC (Joel Greenblatt) % of 10.57% 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 Mitre Realty Empreendimentos E Participacoes and its competitors. This is near median its historical median of 10.63. According to the industry distribution chart, Mitre Realty Empreendimentos E Participacoes ranks #983 out of 1750 companies in the Real Estate industry, placing it in the top 56.2%.
Is Mitre Realty Empreendimentos E Participacoes' ROC (Joel Greenblatt) % too high?
Mitre Realty Empreendimentos E Participacoes' current ROC (Joel Greenblatt) % of 10.57% is near median its 10-year median of 10.63. The Real Estate industry median ROC (Joel Greenblatt) % is 12.80. Mitre Realty Empreendimentos E Participacoes' value of 10.57% is 17.4% below this industry median. Based on the distribution chart, Mitre Realty Empreendimentos E Participacoes ranks #983 out of 1750 companies in the Real Estate industry, which is below the industry midpoint. Overall, Mitre Realty Empreendimentos E Participacoes has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mitre Realty Empreendimentos E Participacoes' ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Mitre Realty Empreendimentos E Participacoes ranks #983 out of 1750 companies for ROC (Joel Greenblatt) %. This places Mitre Realty Empreendimentos E Participacoes in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.80. Mitre Realty Empreendimentos E Participacoes' value of 10.57% is 17.4% below this benchmark. While the company's 10-year median is 10.63 vs. the industry median of 12.80, Mitre Realty Empreendimentos E Participacoes has consistently been below 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 12.80, based on 1,750 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. Mitre Realty Empreendimentos E Participacoes's current ROC (Joel Greenblatt) % of 10.57% is 17.4% below 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 Mitre Realty Empreendimentos E Participacoes and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitre Realty Empreendimentos E Participacoes's current ROC (Joel Greenblatt) % is 10.57%, which is near median its own 10-year median of 10.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitre Realty Empreendimentos E Participacoes stock overvalued right now?
Based on GuruFocus' analysis, Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) is currently considered Possible Value Trap. The stock's GF Value™ is R$4.16, compared to a current price of R$2.93 — trading 29.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 10.57%, which is near median its 10-year median of 10.63 and 17.4% below the Real Estate industry median of 12.80. Mitre Realty Empreendimentos E Participacoes' overall GF Score™ is 78/100 with 9 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 Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3), the current ROC (Joel Greenblatt) % is 10.57% 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 Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Overvalued in 2026?

Based on GuruFocus' analysis, Mitre Realty Empreendimentos E Participacoes stock appears to be undervalued. The current stock price of R$2.93 is trading 29.6% below its estimated GF Value™ of R$4.16. GuruFocus considers Mitre Realty Empreendimentos E Participacoes to be Possible Value Trap.

Key valuation signals for BSP:MTRE3:

  • ROC (Joel Greenblatt) %: 10.57% (near median its 10-year median of 10.63)
  • GF Value™: R$4.16 vs. price of R$2.93 (29.6% below fair value)
  • GF Score™: 78/100 with 9 warning signs
  • Industry Position: 17.4% below the Real Estate median (#983 of 1750)

No single metric tells the full story. See the BSP:MTRE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitre Realty Empreendimentos E Participacoes Business Description

Address Alameda Santos, No. 700, 5th Floor, Jardim Paulista, Sao Paulo, SP, BRA, 01418-002
Mitre Realty Empreendimentos E Participacoes SA, along with its subsidiaries, is engaged in the development, construction, and sale of residential and commercial real estate units. The Group mainly operates in the Sao Paulo region, focusing on two distinct product lines: the middle-income market, represented by the Raizes line; and the other aimed at the upper-middle-income market, represented by the Haus Mitre line. It predominantly offers two and three-bedroom apartments for end users, as well as, to a lesser extent, one-bedroom units and studios with services, exclusive access, and common areas. The majority of the Group's revenue is generated from the sale of real estate units.
78GF Score

Get the complete analysis for BSP:MTRE3

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

R$2.93
Price
R$4.16
GF Value