CTO Realty GrowthCTO +0.70%73 ROC (Joel Greenblatt) % is 109.91% as of Mar. 2026, which is 2% below its 10-year median of 111.96. GuruFocus rates CTO with a GF Score™ of 73/100 and a GF Value™ of $18.64 (Modestly Overvalued). The stock has 12 warning signs investors should review. Among 588 REITs companies, CTO Realty Growth ranks better than 51.19% 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. CTO Realty Growth's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 109.91%.
The historical rank and industry rank for CTO Realty Growth's ROC (Joel Greenblatt) % or its related term are showing as below:
CTO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.1 Med: 111.96 Max: 589.23
Current: 192.45
During the past 13 years, CTO Realty Growth's highest ROC (Joel Greenblatt) % was 589.23%. The lowest was 7.10%. And the median was 111.96%.
CTO's ROC (Joel Greenblatt) % is ranked better than 51.19% of 588
companies
in the REITs industry
Industry Median: 178.7
vs CTO: 192.45
CTO Realty Growth's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 90.90% per year.
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.
CTO Realty Growth ROC (Joel Greenblatt) % Related Terms
CTO Realty Growth ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for CTO Realty Growth'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.
CTO vs GOOD, JBGS, ESRT: ROC (Joel Greenblatt) % Comparison
For the REIT - Diversified subindustry, CTO Realty Growth'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.
CTO Realty Growth ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, CTO Realty Growth's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CTO Realty Growth'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 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 109.91% mean?
CTO Realty Growth (CTO) has a ROC (Joel Greenblatt) % of 109.91% 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 CTO Realty Growth and its competitors. This is near median its historical median of 111.96. Over the past decade, CTO Realty Growth's ROC (Joel Greenblatt) % has ranged from 7.10 to 589.23. According to the industry distribution chart, CTO Realty Growth ranks #287 out of 588 companies in the REITs industry, placing it in the top 48.8%.
Is CTO Realty Growth's ROC (Joel Greenblatt) % too high?
CTO Realty Growth's current ROC (Joel Greenblatt) % of 109.91% is near median its 10-year median of 111.96. Over the past 10 years, this metric has ranged from a low of 7.10 to a high of 589.23. The REITs industry median ROC (Joel Greenblatt) % is 178.70. CTO Realty Growth's value of 109.91% is 38.5% below this industry median. Based on the distribution chart, CTO Realty Growth ranks #287 out of 588 companies in the REITs industry, which is above the industry midpoint. Overall, CTO Realty Growth has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CTO Realty Growth's ROC (Joel Greenblatt) % compare to GOOD and JBGS?
According to the REITs industry distribution chart, CTO Realty Growth ranks #287 out of 588 companies for ROC (Joel Greenblatt) %. This puts CTO Realty Growth in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 178.70. CTO Realty Growth's value of 109.91% is 38.5% below this benchmark. Historically, CTO Realty Growth's own ROC (Joel Greenblatt) % has ranged from 7.10 to 589.23 over the past decade. While the company's 10-year median is 111.96 vs. the industry median of 178.70, CTO Realty Growth has consistently been below 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 178.70, based on 588 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. CTO Realty Growth's current ROC (Joel Greenblatt) % of 109.91% is 38.5% below 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 CTO Realty Growth and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 178.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CTO Realty Growth's current ROC (Joel Greenblatt) % is 109.91%, which is near median its own 10-year median of 111.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CTO Realty Growth stock overvalued right now?
Based on GuruFocus' analysis, CTO Realty Growth (CTO) is currently considered Modestly Overvalued. The stock's GF Value™ is $18.64, compared to a current price of $21.58 — trading 15.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 109.91%, which is near median its 10-year median of 111.96 and 38.5% below the REITs industry median of 178.70. CTO Realty Growth's overall GF Score™ is 73/100 with 12 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 CTO Realty Growth (CTO), the current ROC (Joel Greenblatt) % is 109.91% 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 CTO Realty Growth (CTO) Overvalued in 2026?
Based on GuruFocus' analysis, CTO Realty Growth stock appears to be overvalued.
The current stock price of $21.58 is trading 15.8% above its estimated GF Value™ of $18.64.
GuruFocus considers CTO Realty Growth to be Modestly Overvalued.
Key valuation signals for CTO:
ROC (Joel Greenblatt) %: 109.91% (near median its 10-year median of 111.96)
GF Value™: $18.64 vs. price of $21.58 (15.8% above fair value)
Industry Position: 38.5% below the REITs median (#287 of 588)
No single metric tells the full story. See the CTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CTO Realty Growth Inc is a real estate investment trust company, that owns income properties in diversified markets in the United States. The company operates in four primary business segments: Income properties, management services, commercial loans and investments, and real estate operations. It derives maximum revenue from Income Properties.
73GF Score
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