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.
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.
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. Opportunity Balassiano Fundo De Investimento Imobiliario's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 40.22%.
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.
* 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.
Opportunity Balassiano Fundo De Investimento Imobiliario ROC (Joel Greenblatt) % vs REITs Industry
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 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 40.22% mean?
Opportunity Balassiano Fundo De Investimento Imobiliario (BSP:OBAL11) has a ROC (Joel Greenblatt) % of 40.22% 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 Opportunity Balassiano Fundo De Investimento Imobiliario and its competitors. This is 5815% above median its historical median of 0.68.
Is Opportunity Balassiano Fundo De Investimento Imobiliario's ROC (Joel Greenblatt) % too high?
Opportunity Balassiano Fundo De Investimento Imobiliario's current ROC (Joel Greenblatt) % of 40.22% is 5815% above median its 10-year median of 0.68. The REITs industry median ROC (Joel Greenblatt) % is 179.69. Opportunity Balassiano Fundo De Investimento Imobiliario's value of 40.22% is 77.6% below this industry median. Overall, Opportunity Balassiano Fundo De Investimento Imobiliario has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Opportunity Balassiano Fundo De Investimento Imobiliario's ROC (Joel Greenblatt) % compare to VICI and WPC?
Opportunity Balassiano Fundo De Investimento Imobiliario's ROC (Joel Greenblatt) % of 40.22% can be compared against companies in the REITs industry. The industry median ROC (Joel Greenblatt) % is 179.69. Opportunity Balassiano Fundo De Investimento Imobiliario's value of 40.22% is 77.6% below this benchmark. While the company's 10-year median is 0.68 vs. the industry median of 179.69, Opportunity Balassiano Fundo De Investimento Imobiliario 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 179.69, based on 585 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. Opportunity Balassiano Fundo De Investimento Imobiliario's current ROC (Joel Greenblatt) % of 40.22% is 77.6% 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 Opportunity Balassiano Fundo De Investimento Imobiliario and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 179.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Opportunity Balassiano Fundo De Investimento Imobiliario's current ROC (Joel Greenblatt) % is 40.22%, which is 5815% above median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Opportunity Balassiano Fundo De Investimento Imobiliario stock overvalued right now?
Opportunity Balassiano Fundo De Investimento Imobiliario (BSP:OBAL11) has a current ROC (Joel Greenblatt) % of 40.22%. The current ROC (Joel Greenblatt) % is 40.22%, which is 5815% above median its 10-year median of 0.68 and 77.6% below the REITs industry median of 179.69. Opportunity Balassiano Fundo De Investimento Imobiliario's overall GF Score™ is 14/100 with 2 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 Opportunity Balassiano Fundo De Investimento Imobiliario (BSP:OBAL11), the current ROC (Joel Greenblatt) % is 40.22% 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.
Opportunity Balassiano Fundo De Investimento Imobiliario Business Description
Opportunity Balassiano Fundo De Investimento Imobiliario is a Real estate investment fund whose objective is to provide shareholders with the appreciation and profitability of their shares, predominantly through investments in the acquisition of target properties, in the development of real estate projects in general and in investing in other assets, aiming to make the investments made by unitholders.
14GF Score
Get the complete analysis for BSP:OBAL11
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:OBAL11 has been successfully added to your 
