City DevelopmentsCDEVF -3.85%67 ROC (Joel Greenblatt) % is 15.67% as of Dec. 2025, which is 38% above its 10-year median of 11.33. GuruFocus rates CDEVF with a GF Score™ of 67/100 and a GF Value™ of $4.53 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,750 Real Estate companies, City Developments ranks worse than 51.09% 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. City Developments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 15.67%.
The historical rank and industry rank for City Developments's ROC (Joel Greenblatt) % or its related term are showing as below:
CDEVF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -17.26 Med: 11.33 Max: 24.19
Current: 12.03
During the past 13 years, City Developments's highest ROC (Joel Greenblatt) % was 24.19%. The lowest was -17.26%. And the median was 11.33%.
CDEVF's ROC (Joel Greenblatt) % is ranked worse than 51.09% of 1750
companies
in the Real Estate industry
Industry Median: 12.52
vs CDEVF: 12.03
City Developments's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
City Developments (OTCPK:CDEVF) 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.
City Developments ROC (Joel Greenblatt) % Related Terms
City Developments ROC (Joel Greenblatt) % Historical Data
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The historical data trend for City Developments'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.
City Developments ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, City Developments'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.
City Developments ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, City Developments's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where City Developments's ROC (Joel Greenblatt) % falls into.
City Developments 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 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 15.67% mean?
City Developments (CDEVF) has a ROC (Joel Greenblatt) % of 15.67% 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 City Developments and its competitors. This is 38% above median its historical median of 11.33. According to the industry distribution chart, City Developments ranks #894 out of 1750 companies in the Real Estate industry, placing it in the top 51.1%.
Is City Developments' ROC (Joel Greenblatt) % too high?
City Developments' current ROC (Joel Greenblatt) % of 15.67% is 38% above median its 10-year median of 11.33. The Real Estate industry median ROC (Joel Greenblatt) % is 12.52. City Developments' value of 15.67% is 25.2% above this industry median. Based on the distribution chart, City Developments ranks #894 out of 1750 companies in the Real Estate industry, which is below the industry midpoint. Overall, City Developments has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does City Developments' ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, City Developments ranks #894 out of 1750 companies for ROC (Joel Greenblatt) %. This places City Developments in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.52. City Developments' value of 15.67% is 25.2% above this benchmark. While the company's 10-year median is 11.33 vs. the industry median of 12.52, City Developments 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 12.52, 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. City Developments's current ROC (Joel Greenblatt) % of 15.67% is 25.2% 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 City Developments and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. City Developments's current ROC (Joel Greenblatt) % is 15.67%, which is 38% above median its own 10-year median of 11.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is City Developments stock overvalued right now?
Based on GuruFocus' analysis, City Developments (CDEVF) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.53, compared to a current price of $6.49 — trading 43.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 15.67%, which is 38% above median its 10-year median of 11.33 and 25.2% above the Real Estate industry median of 12.52. City Developments' overall GF Score™ is 67/100 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 City Developments (CDEVF), the current ROC (Joel Greenblatt) % is 15.67% 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 City Developments (CDEVF) Overvalued in 2026?
Based on GuruFocus' analysis, City Developments stock appears to be overvalued.
The current stock price of $6.49 is trading 43.3% above its estimated GF Value™ of $4.53.
GuruFocus considers City Developments to be Significantly Overvalued.
Key valuation signals for CDEVF:
ROC (Joel Greenblatt) %: 15.67% (38% above median its 10-year median of 11.33)
GF Value™: $4.53 vs. price of $6.49 (43.3% above fair value)
Industry Position: 25.2% above the Real Estate median (#894 of 1750)
No single metric tells the full story. See the CDEVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
City Developments Ltd operates as a property developer and owner, and investment holding company. Along with its subsidiaries, its principal activities are those of property developers and owners, hotel owners and operators, a club operator and owner, investment in properties and in shares, property management, project management, and provision of consultancy, procurement, and laundry services. The company's reportable segments are; Property development, Hotel operations, and Investment properties. The majority of the revenue is generated from its Property development segment which develops and purchases properties for sale. Key revenue for the company is generated from its operations in Singapore and the rest from Japan, China, the United States, United Kingdom, and other regions.
67GF Score
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