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CapitaLand Integrated Commercial TrustCPAMF 69 ROC (Joel Greenblatt) % is 9,452.23% as of Dec. 2025, which is 58% below its 10-year median of 22,641.18. GuruFocus rates CPAMF with a GF Score™ of 69/100 and a GF Value™ of $1.49 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 586 REITs companies, CapitaLand Integrated Commercial Trust ranks better than 91.98% 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. CapitaLand Integrated Commercial Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9,452.23%.
CPAMF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8657.59 Med: 22641.18 Max: 33554.12
Current: 11129.52
During the past 13 years, CapitaLand Integrated Commercial Trust's highest ROC (Joel Greenblatt) % was 33554.12%. The lowest was 8657.59%. And the median was 22641.18%.
CPAMF's ROC (Joel Greenblatt) % is ranked better than 91.98% of 586
companies
in the REITs industry
Industry Median: 180.645
vs CPAMF: 11129.52
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.
CPAMF vs SPG, O, KIM: ROC (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, CapitaLand Integrated Commercial Trust'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.
CapitaLand Integrated Commercial Trust ROC (Joel Greenblatt) % vs REITs Industry
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 9,452.23% mean?
CapitaLand Integrated Commercial Trust (CPAMF) has a ROC (Joel Greenblatt) % of 9,452.23% 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 CapitaLand Integrated Commercial Trust and its competitors. This is 58% below median its historical median of 22,641.18. Over the past decade, CapitaLand Integrated Commercial Trust's ROC (Joel Greenblatt) % has ranged from 8,657.59 to 33,554.12. According to the industry distribution chart, CapitaLand Integrated Commercial Trust ranks #47 out of 586 companies in the REITs industry, placing it in the top 8%.
Is CapitaLand Integrated Commercial Trust's ROC (Joel Greenblatt) % too high?
CapitaLand Integrated Commercial Trust's current ROC (Joel Greenblatt) % of 9,452.23% is 58% below median its 10-year median of 22,641.18. Over the past 10 years, this metric has ranged from a low of 8,657.59 to a high of 33,554.12. The REITs industry median ROC (Joel Greenblatt) % is 180.65. CapitaLand Integrated Commercial Trust's value of 9,452.23% is 5132.5% above this industry median. Based on the distribution chart, CapitaLand Integrated Commercial Trust ranks #47 out of 586 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, CapitaLand Integrated Commercial Trust has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CapitaLand Integrated Commercial Trust's ROC (Joel Greenblatt) % compare to SPG and O?
According to the REITs industry distribution chart, CapitaLand Integrated Commercial Trust ranks #47 out of 586 companies for ROC (Joel Greenblatt) %. This places CapitaLand Integrated Commercial Trust in the top 8% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 180.65. CapitaLand Integrated Commercial Trust's value of 9,452.23% is 5132.5% above this benchmark. Historically, CapitaLand Integrated Commercial Trust's own ROC (Joel Greenblatt) % has ranged from 8,657.59 to 33,554.12 over the past decade. While the company's 10-year median is 22,641.18 vs. the industry median of 180.65, CapitaLand Integrated Commercial Trust 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 180.65, based on 586 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. CapitaLand Integrated Commercial Trust's current ROC (Joel Greenblatt) % of 9,452.23% is 5132.5% 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 CapitaLand Integrated Commercial Trust and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 180.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CapitaLand Integrated Commercial Trust's current ROC (Joel Greenblatt) % is 9,452.23%, which is 58% below median its own 10-year median of 22,641.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapitaLand Integrated Commercial Trust stock overvalued right now?
Based on GuruFocus' analysis, CapitaLand Integrated Commercial Trust (CPAMF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.49, compared to a current price of $1.85 — trading 24.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 9,452.23%, which is 58% below median its 10-year median of 22,641.18 and 5132.5% above the REITs industry median of 180.65. CapitaLand Integrated Commercial Trust's overall GF Score™ is 69/100 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 CapitaLand Integrated Commercial Trust (CPAMF), the current ROC (Joel Greenblatt) % is 9,452.23% 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 CapitaLand Integrated Commercial Trust (CPAMF) Overvalued in 2026?
Based on GuruFocus' analysis, CapitaLand Integrated Commercial Trust stock appears to be overvalued.
The current stock price of $1.85 is trading 24.2% above its estimated GF Value™ of $1.49.
GuruFocus considers CapitaLand Integrated Commercial Trust to be Modestly Overvalued.
Key valuation signals for CPAMF:
ROC (Joel Greenblatt) %: 9,452.23% (58% below median its 10-year median of 22,641.18)
GF Value™: $1.49 vs. price of $1.85 (24.2% above fair value)
Industry Position: 5132.5% above the REITs median (#47 of 586)
No single metric tells the full story. See the CPAMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CapitaLand Integrated Commercial Trust Business Description
CICT was established following the merger between CapitaLand Mall Trust and CapitaLand Commercial Trust in October 2020. The trust has a diversified portfolio of 26 properties valued at SGD 27.4 billion as of Dec. 31, 2025. These include offices (mainly in the central business district), retail malls (including urban and suburban malls), and integrated development. Most of its properties are located in Singapore, with assets in Australia and Germany making up less than 10% of its portfolio. The trust is externally managed by CapitaLand Integrated Commercial Trust Management; parent CapitaLand retains a 24% stake in CICT.
69GF Score
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