Alliances Developpement ImmobilierCAS:ADI 68 ROC (Joel Greenblatt) % is 13.46% as of Dec. 2025, which is 51% above its 10-year median of 8.89. GuruFocus rates CAS:ADI with a GF Score™ of 68/100 and a GF Value™ of MAD408.25 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,748 Real Estate companies, Alliances Developpement Immobilier ranks better than 51.77% 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. Alliances Developpement Immobilier's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 13.46%.
The historical rank and industry rank for Alliances Developpement Immobilier's ROC (Joel Greenblatt) % or its related term are showing as below:
CAS:ADI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.63 Med: 8.89 Max: 14.36
Current: 14.34
During the past 13 years, Alliances Developpement Immobilier's highest ROC (Joel Greenblatt) % was 14.36%. The lowest was -6.63%. And the median was 8.89%.
CAS:ADI's ROC (Joel Greenblatt) % is ranked better than 51.77% of 1748
companies
in the Real Estate industry
Industry Median: 12.545
vs CAS:ADI: 14.34
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.
For the Real Estate - Diversified subindustry, Alliances Developpement Immobilier'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.
Alliances Developpement Immobilier ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Alliances Developpement Immobilier's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Alliances Developpement Immobilier'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 two times the semi-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 13.46% mean?
Alliances Developpement Immobilier (CAS:ADI) has a ROC (Joel Greenblatt) % of 13.46% 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 Alliances Developpement Immobilier and its competitors. This is 51% above median its historical median of 8.89. According to the industry distribution chart, Alliances Developpement Immobilier ranks #843 out of 1748 companies in the Real Estate industry, placing it in the top 48.2%.
Is Alliances Developpement Immobilier's ROC (Joel Greenblatt) % too high?
Alliances Developpement Immobilier's current ROC (Joel Greenblatt) % of 13.46% is 51% above median its 10-year median of 8.89. The Real Estate industry median ROC (Joel Greenblatt) % is 12.55. Alliances Developpement Immobilier's value of 13.46% is 7.3% above this industry median. Based on the distribution chart, Alliances Developpement Immobilier ranks #843 out of 1748 companies in the Real Estate industry, which is above the industry midpoint. Overall, Alliances Developpement Immobilier has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alliances Developpement Immobilier's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Alliances Developpement Immobilier ranks #843 out of 1748 companies for ROC (Joel Greenblatt) %. This puts Alliances Developpement Immobilier in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.55. Alliances Developpement Immobilier's value of 13.46% is 7.3% above this benchmark. While the company's 10-year median is 8.89 vs. the industry median of 12.55, Alliances Developpement Immobilier 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 12.55, 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. Alliances Developpement Immobilier's current ROC (Joel Greenblatt) % of 13.46% is 7.3% 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 Alliances Developpement Immobilier and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alliances Developpement Immobilier's current ROC (Joel Greenblatt) % is 13.46%, which is 51% above median its own 10-year median of 8.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alliances Developpement Immobilier stock overvalued right now?
Based on GuruFocus' analysis, Alliances Developpement Immobilier (CAS:ADI) is currently considered Fairly Valued. The stock's GF Value™ is MAD408.25, compared to a current price of MAD395.90 — trading 3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 13.46%, which is 51% above median its 10-year median of 8.89 and 7.3% above the Real Estate industry median of 12.55. Alliances Developpement Immobilier's overall GF Score™ is 68/100 with 4 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 Alliances Developpement Immobilier (CAS:ADI), the current ROC (Joel Greenblatt) % is 13.46% 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 Alliances Developpement Immobilier (CAS:ADI) Overvalued in 2026?
Based on GuruFocus' analysis, Alliances Developpement Immobilier stock appears to be undervalued.
The current stock price of MAD395.90 is trading 3% below its estimated GF Value™ of MAD408.25.
GuruFocus considers Alliances Developpement Immobilier to be Fairly Valued.
Key valuation signals for CAS:ADI:
ROC (Joel Greenblatt) %: 13.46% (51% above median its 10-year median of 8.89)
GF Value™: MAD408.25 vs. price of MAD395.90 (3% below fair value)
Industry Position: 7.3% above the Real Estate median (#843 of 1748)
No single metric tells the full story. See the CAS:ADI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alliances Developpement Immobilier Business Description
Alliances Developpement Immobilier SA provides real estate services. Its business activities include development, building, marketing and managing of commercial and residential assets as well as tourist property.
68GF Score
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