Construtora TendaBSP:TEND3 +2.52%68 ROC (Joel Greenblatt) % is 62.50% as of Mar. 2026, which is 160% above its 10-year median of 24.05. GuruFocus rates BSP:TEND3 with a GF Score™ of 68/100 and a GF Value™ of R$20.82 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,748 Real Estate companies, Construtora Tenda ranks better than 72.37% 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. Construtora Tenda's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 62.50%.
The historical rank and industry rank for Construtora Tenda's ROC (Joel Greenblatt) % or its related term are showing as below:
BSP:TEND3'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -35.01 Med: 24.05 Max: 55.82
Current: 55.82
During the past 13 years, Construtora Tenda's highest ROC (Joel Greenblatt) % was 55.82%. The lowest was -35.01%. And the median was 24.05%.
BSP:TEND3's ROC (Joel Greenblatt) % is ranked better than 72.37% of 1748
companies
in the Real Estate industry
Industry Median: 12.65
vs BSP:TEND3: 55.82
Construtora Tenda's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
Construtora Tenda ROC (Joel Greenblatt) % Related Terms
Construtora Tenda ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Construtora Tenda'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.
For the Real Estate - Development subindustry, Construtora Tenda'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.
Construtora Tenda ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Construtora Tenda's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Construtora Tenda's ROC (Joel Greenblatt) % falls into.
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 62.50% mean?
Construtora Tenda (BSP:TEND3) has a ROC (Joel Greenblatt) % of 62.50% 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 Construtora Tenda and its competitors. This is 160% above median its historical median of 24.05. According to the industry distribution chart, Construtora Tenda ranks #483 out of 1748 companies in the Real Estate industry, placing it in the top 27.6%.
Is Construtora Tenda's ROC (Joel Greenblatt) % too high?
Construtora Tenda's current ROC (Joel Greenblatt) % of 62.50% is 160% above median its 10-year median of 24.05. The Real Estate industry median ROC (Joel Greenblatt) % is 12.65. Construtora Tenda's value of 62.50% is 394.1% above this industry median. Based on the distribution chart, Construtora Tenda ranks #483 out of 1748 companies in the Real Estate industry, which is above the industry midpoint. Overall, Construtora Tenda has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Construtora Tenda's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Construtora Tenda ranks #483 out of 1748 companies for ROC (Joel Greenblatt) %. This puts Construtora Tenda in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.65. Construtora Tenda's value of 62.50% is 394.1% above this benchmark. While the company's 10-year median is 24.05 vs. the industry median of 12.65, Construtora Tenda 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 12.65, 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. Construtora Tenda's current ROC (Joel Greenblatt) % of 62.50% is 394.1% 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 Construtora Tenda and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Construtora Tenda's current ROC (Joel Greenblatt) % is 62.50%, which is 160% above median its own 10-year median of 24.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Construtora Tenda stock overvalued right now?
Based on GuruFocus' analysis, Construtora Tenda (BSP:TEND3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$20.82, compared to a current price of R$35.36 — trading 69.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 62.50%, which is 160% above median its 10-year median of 24.05 and 394.1% above the Real Estate industry median of 12.65. Construtora Tenda's overall GF Score™ is 68/100 with 7 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 Construtora Tenda (BSP:TEND3), the current ROC (Joel Greenblatt) % is 62.50% 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 Construtora Tenda (BSP:TEND3) Overvalued in 2026?
Based on GuruFocus' analysis, Construtora Tenda stock appears to be overvalued.
The current stock price of R$35.36 is trading 69.8% above its estimated GF Value™ of R$20.82.
GuruFocus considers Construtora Tenda to be Significantly Overvalued.
Key valuation signals for BSP:TEND3:
ROC (Joel Greenblatt) %: 62.50% (160% above median its 10-year median of 24.05)
GF Value™: R$20.82 vs. price of R$35.36 (69.8% above fair value)
Industry Position: 394.1% above the Real Estate median (#483 of 1748)
No single metric tells the full story. See the BSP:TEND3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Construtora Tenda SA is engaged in the performance of general construction works: the merger of property; the purchase and sale of properties; providing construction management services; intermediating the sale of consortium shares; and participation in other companies. Subsidiaries share the managerial, operating structures, and corporate costs. The SPEs are exclusively engaged in real estate operations and are linked to specific projects. The company focuses on affordable housing which allows it to pursue scale gains and continuous improvement. It has a single SKU for no-elevator buildings. It has two segments On-site and Off-site.
68GF 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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