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. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8,258.68%.
BSP:PMLL11's ROC (Joel Greenblatt) % is ranked better than 91.13% of 586
companies
in the REITs industry
Industry Median: 180.645
vs BSP:PMLL11: 8258.68
Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) 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.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade ROC (Joel Greenblatt) % Chart
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Annual Data
* 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.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade ROC (Joel Greenblatt) % vs REITs Industry
Patria Malls Fundo de Investimento Imobiliario Responsabilidade 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 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 8,258.68% mean?
Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) has a ROC (Joel Greenblatt) % of 8,258.68% 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 Patria Malls Fundo de Investimento Imobiliario Responsabilidade and its competitors. This is 167% above median its historical median of 3,090.01. Over the past decade, Patria Malls Fundo de Investimento Imobiliario Responsabilidade's ROC (Joel Greenblatt) % has ranged from 1,663.77 to 8,258.68. According to the industry distribution chart, Patria Malls Fundo de Investimento Imobiliario Responsabilidade ranks #52 out of 586 companies in the REITs industry, placing it in the top 8.9%.
Is Patria Malls Fundo de Investimento Imobiliario Responsabilidade's ROC (Joel Greenblatt) % too high?
Patria Malls Fundo de Investimento Imobiliario Responsabilidade's current ROC (Joel Greenblatt) % of 8,258.68% is 167% above median its 10-year median of 3,090.01. Over the past 10 years, this metric has ranged from a low of 1,663.77 to a high of 8,258.68. The REITs industry median ROC (Joel Greenblatt) % is 180.65. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's value of 8,258.68% is 4471.8% above this industry median. Based on the distribution chart, Patria Malls Fundo de Investimento Imobiliario Responsabilidade ranks #52 out of 586 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Patria Malls Fundo de Investimento Imobiliario Responsabilidade has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Patria Malls Fundo de Investimento Imobiliario Responsabilidade's ROC (Joel Greenblatt) % compare to SPG and O?
According to the REITs industry distribution chart, Patria Malls Fundo de Investimento Imobiliario Responsabilidade ranks #52 out of 586 companies for ROC (Joel Greenblatt) %. This places Patria Malls Fundo de Investimento Imobiliario Responsabilidade in the top 9% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 180.65. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's value of 8,258.68% is 4471.8% above this benchmark. Historically, Patria Malls Fundo de Investimento Imobiliario Responsabilidade's own ROC (Joel Greenblatt) % has ranged from 1,663.77 to 8,258.68 over the past decade. While the company's 10-year median is 3,090.01 vs. the industry median of 180.65, Patria Malls Fundo de Investimento Imobiliario Responsabilidade 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 180.65, based on 586 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. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's current ROC (Joel Greenblatt) % of 8,258.68% is 4471.8% 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 Patria Malls Fundo de Investimento Imobiliario Responsabilidade and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 180.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's current ROC (Joel Greenblatt) % is 8,258.68%, which is 167% above median its own 10-year median of 3,090.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patria Malls Fundo de Investimento Imobiliario Responsabilidade stock overvalued right now?
Based on GuruFocus' analysis, Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$125.72, compared to a current price of R$102.45 — trading 18.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 8,258.68%, which is 167% above median its 10-year median of 3,090.01 and 4471.8% above the REITs industry median of 180.65. Patria Malls Fundo de Investimento Imobiliario Responsabilidade's overall GF Score™ is 80/100 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 Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11), the current ROC (Joel Greenblatt) % is 8,258.68% 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.
Is Patria Malls Fundo de Investimento Imobiliario Responsabilidade (BSP:PMLL11) Overvalued in 2026?
Based on GuruFocus' analysis, Patria Malls Fundo de Investimento Imobiliario Responsabilidade stock appears to be undervalued.
The current stock price of R$102.45 is trading 18.5% below its estimated GF Value™ of R$125.72.
GuruFocus considers Patria Malls Fundo de Investimento Imobiliario Responsabilidade to be Modestly Undervalued.
Key valuation signals for BSP:PMLL11:
ROC (Joel Greenblatt) %: 8,258.68% (167% above median its 10-year median of 3,090.01)
GF Value™: R$125.72 vs. price of R$102.45 (18.5% below fair value)
Industry Position: 4471.8% above the REITs median (#52 of 586)
No single metric tells the full story. See the BSP:PMLL11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Business Description
Patria Malls Fundo de Investimento Imobiliario Responsabilidade Ltd Formerly Malls Brasil Fundo Investimento Imobiliario, formerly Malls Brasil Plural Fundo De Investimento Imobiliario is a Brazalian real estate investment firm. The company is engaged in investing in malls and shopping centres including Maceio Shopping.
80GF Score
Get the complete analysis for BSP:PMLL11
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:PMLL11 has been successfully added to your 
