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. Societe Centrale des Bois et Scieries de la Manche's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 810.00%.
Societe Centrale des Bois et Scieries de la Manche (CHIX:CBSMp) 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.
Societe Centrale des Bois et Scieries de la Manche ROC (Joel Greenblatt) % Chart
Societe Centrale des Bois et Scieries de la Manche Annual Data
CHIX:CBSMP vs VICI, WPC, BNL: ROC (Joel Greenblatt) % Comparison
For the REIT - Diversified subindustry, Societe Centrale des Bois et Scieries de la Manche'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.
Societe Centrale des Bois et Scieries de la Manche ROC (Joel Greenblatt) % vs REITs Industry
Societe Centrale des Bois et Scieries de la Manche 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 810.00% mean?
Societe Centrale des Bois et Scieries de la Manche (CHIX:CBSMP) has a ROC (Joel Greenblatt) % of 810.00% 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 Societe Centrale des Bois et Scieries de la Manche and its competitors. This is near median its historical median of 824.94. Over the past decade, Societe Centrale des Bois et Scieries de la Manche's ROC (Joel Greenblatt) % has ranged from 273.03 to 1,217.84. According to the industry distribution chart, Societe Centrale des Bois et Scieries de la Manche ranks #171 out of 589 companies in the REITs industry, placing it in the top 29%.
Is Societe Centrale des Bois et Scieries de la Manche's ROC (Joel Greenblatt) % too high?
Societe Centrale des Bois et Scieries de la Manche's current ROC (Joel Greenblatt) % of 810.00% is near median its 10-year median of 824.94. Over the past 10 years, this metric has ranged from a low of 273.03 to a high of 1,217.84. The REITs industry median ROC (Joel Greenblatt) % is 177.71. Societe Centrale des Bois et Scieries de la Manche's value of 810.00% is 355.8% above this industry median. Based on the distribution chart, Societe Centrale des Bois et Scieries de la Manche ranks #171 out of 589 companies in the REITs industry, which is above the industry midpoint. Overall, Societe Centrale des Bois et Scieries de la Manche has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Societe Centrale des Bois et Scieries de la Manche's ROC (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, Societe Centrale des Bois et Scieries de la Manche ranks #171 out of 589 companies for ROC (Joel Greenblatt) %. This puts Societe Centrale des Bois et Scieries de la Manche in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 177.71. Societe Centrale des Bois et Scieries de la Manche's value of 810.00% is 355.8% above this benchmark. Historically, Societe Centrale des Bois et Scieries de la Manche's own ROC (Joel Greenblatt) % has ranged from 273.03 to 1,217.84 over the past decade. While the company's 10-year median is 824.94 vs. the industry median of 177.71, Societe Centrale des Bois et Scieries de la Manche 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 177.71, based on 589 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. Societe Centrale des Bois et Scieries de la Manche's current ROC (Joel Greenblatt) % of 810.00% is 355.8% 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 Societe Centrale des Bois et Scieries de la Manche and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 177.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Societe Centrale des Bois et Scieries de la Manche's current ROC (Joel Greenblatt) % is 810.00%, which is near median its own 10-year median of 824.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Societe Centrale des Bois et Scieries de la Manche stock overvalued right now?
Societe Centrale des Bois et Scieries de la Manche (CHIX:CBSMP) has a current ROC (Joel Greenblatt) % of 810.00%. The stock's GF Value™ is €6.44, compared to a current price of €7.10 — trading 10.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 810.00%, which is near median its 10-year median of 824.94 and 355.8% above the REITs industry median of 177.71. Societe Centrale des Bois et Scieries de la Manche's overall GF Score™ is 76/100 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 Societe Centrale des Bois et Scieries de la Manche (CHIX:CBSMP), the current ROC (Joel Greenblatt) % is 810.00% 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 Societe Centrale des Bois et Scieries de la Manche (CHIX:CBSMP) Overvalued in 2026?
Based on GuruFocus' analysis, Societe Centrale des Bois et Scieries de la Manche stock appears to be overvalued.
The current stock price of €7.10 is trading 10.2% above its estimated GF Value™ of €6.44.
Key valuation signals for CHIX:CBSMP:
ROC (Joel Greenblatt) %: 810.00% (near median its 10-year median of 824.94)
GF Value™: €6.44 vs. price of €7.10 (10.2% above fair value)
Industry Position: 355.8% above the REITs median (#171 of 589)
No single metric tells the full story. See the CHIX:CBSMP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Societe Centrale des Bois et Scieries de la Manche Business Description
Société Centrale des Bois et Scieries de la Manche is a Real estate investment trust. It is engaged in the ownership, management, and lease of real estate properties in France. The company acquires and rents commercial and residential properties.
76GF Score
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