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. Canadian Net REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.00%.
The historical rank and industry rank for Canadian Net REIT's ROC (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, Canadian Net REIT's highest ROC (Joel Greenblatt) % was 1142.83%. The lowest was 2.93%. And the median was 901.19%.
CNNRF's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 176.06 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Canadian Net REIT's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Canadian Net REIT (OTCPK:CNNRF) 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.
Canadian Net REIT ROC (Joel Greenblatt) % Related Terms
Canadian Net REIT ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Canadian Net REIT'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.
CNNRF vs VICI, WPC, BNL: ROC (Joel Greenblatt) % Comparison
For the REIT - Diversified subindustry, Canadian Net REIT'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.
Canadian Net REIT ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Canadian Net REIT's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Canadian Net REIT's ROC (Joel Greenblatt) % falls into.
Canadian Net REIT 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 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 0.00% mean?
Canadian Net REIT (CNNRF) has a ROC (Joel Greenblatt) % of 0.00% 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 Canadian Net REIT and its competitors. Over the past decade, Canadian Net REIT's ROC (Joel Greenblatt) % has ranged from 2.93 to 1,142.83. According to the industry distribution chart, Canadian Net REIT ranks #999999 out of 590 companies in the REITs industry.
Is Canadian Net REIT's ROC (Joel Greenblatt) % too high?
Canadian Net REIT's current ROC (Joel Greenblatt) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 2.93 to a high of 1,142.83. Based on the distribution chart, Canadian Net REIT ranks #999999 out of 590 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Canadian Net REIT has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Canadian Net REIT's ROC (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, Canadian Net REIT ranks #999999 out of 590 companies for ROC (Joel Greenblatt) %. This places Canadian Net REIT in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 176.06. Historically, Canadian Net REIT's own ROC (Joel Greenblatt) % has ranged from 2.93 to 1,142.83 over the past decade. 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 176.06, based on 590 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. 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 Canadian Net REIT and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 176.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Net REIT's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Net REIT stock overvalued right now?
Based on GuruFocus' analysis, Canadian Net REIT (CNNRF) is currently considered Fairly Valued. The stock's GF Value™ is $4.00, compared to a current price of $4.51 — trading 12.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. Canadian Net REIT's overall GF Score™ is 77/100 with 10 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 Canadian Net REIT (CNNRF), the current ROC (Joel Greenblatt) % is 0.00% 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 Canadian Net REIT (CNNRF) Overvalued in 2026?
Based on GuruFocus' analysis, Canadian Net REIT stock appears to be overvalued.
The current stock price of $4.51 is trading 12.8% above its estimated GF Value™ of $4.00.
GuruFocus considers Canadian Net REIT to be Fairly Valued.
Key valuation signals for CNNRF:
ROC (Joel Greenblatt) %: 0.00%
GF Value™: $4.00 vs. price of $4.51 (12.8% above fair value)
No single metric tells the full story. See the CNNRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canadian Net REIT is an open-ended trust that acquires and owns high-quality triple net and management-free commercial real estate properties. The Trust operates in one segment, commercial real estate located in Canada.
77GF Score
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