Emaar Properties PJSCDFM:EMAAR -0.50%99 ROC (Joel Greenblatt) % is 297.87% as of Mar. 2026, which is 261% above its 10-year median of 82.44. GuruFocus rates DFM:EMAAR with a GF Score™ of 99/100 and a GF Value™ of د.إ16.09 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,748 Real Estate companies, Emaar Properties PJSC ranks better than 85.47% 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. Emaar Properties PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 297.87%.
The historical rank and industry rank for Emaar Properties PJSC's ROC (Joel Greenblatt) % or its related term are showing as below:
DFM:EMAAR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 31.62 Med: 82.44 Max: 284.7
Current: 284.7
During the past 13 years, Emaar Properties PJSC's highest ROC (Joel Greenblatt) % was 284.70%. The lowest was 31.62%. And the median was 82.44%.
DFM:EMAAR's ROC (Joel Greenblatt) % is ranked better than 85.47% of 1748
companies
in the Real Estate industry
Industry Median: 12.65
vs DFM:EMAAR: 284.70
Emaar Properties PJSC's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 50.80% 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.
Emaar Properties PJSC ROC (Joel Greenblatt) % Related Terms
Emaar Properties PJSC ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Emaar Properties PJSC'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.
For the Real Estate - Development subindustry, Emaar Properties PJSC'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.
Emaar Properties PJSC ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Emaar Properties PJSC's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Emaar Properties PJSC'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 297.87% mean?
Emaar Properties PJSC (DFM:EMAAR) has a ROC (Joel Greenblatt) % of 297.87% 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 Emaar Properties PJSC and its competitors. This is 261% above median its historical median of 82.44. Over the past decade, Emaar Properties PJSC's ROC (Joel Greenblatt) % has ranged from 31.62 to 284.70. According to the industry distribution chart, Emaar Properties PJSC ranks #254 out of 1748 companies in the Real Estate industry, placing it in the top 14.5%.
Is Emaar Properties PJSC's ROC (Joel Greenblatt) % too high?
Emaar Properties PJSC's current ROC (Joel Greenblatt) % of 297.87% is 261% above median its 10-year median of 82.44. Over the past 10 years, this metric has ranged from a low of 31.62 to a high of 284.70. The Real Estate industry median ROC (Joel Greenblatt) % is 12.65. Emaar Properties PJSC's value of 297.87% is 2254.7% above this industry median. Based on the distribution chart, Emaar Properties PJSC ranks #254 out of 1748 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Emaar Properties PJSC has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emaar Properties PJSC's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Emaar Properties PJSC ranks #254 out of 1748 companies for ROC (Joel Greenblatt) %. This places Emaar Properties PJSC in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.65. Emaar Properties PJSC's value of 297.87% is 2254.7% above this benchmark. Historically, Emaar Properties PJSC's own ROC (Joel Greenblatt) % has ranged from 31.62 to 284.70 over the past decade. While the company's 10-year median is 82.44 vs. the industry median of 12.65, Emaar Properties PJSC 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 12.65, based on 1,748 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. Emaar Properties PJSC's current ROC (Joel Greenblatt) % of 297.87% is 2254.7% 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 Emaar Properties PJSC and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emaar Properties PJSC's current ROC (Joel Greenblatt) % is 297.87%, which is 261% above median its own 10-year median of 82.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emaar Properties PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emaar Properties PJSC (DFM:EMAAR) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ16.09, compared to a current price of د.إ12.06 — trading 25% below its estimated fair value. The current ROC (Joel Greenblatt) % is 297.87%, which is 261% above median its 10-year median of 82.44 and 2254.7% above the Real Estate industry median of 12.65. Emaar Properties PJSC's overall GF Score™ is 99/100 with 1 warning sign 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 Emaar Properties PJSC (DFM:EMAAR), the current ROC (Joel Greenblatt) % is 297.87% 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 Emaar Properties PJSC (DFM:EMAAR) Overvalued in 2026?
Based on GuruFocus' analysis, Emaar Properties PJSC stock appears to be undervalued.
The current stock price of د.إ12.06 is trading 25% below its estimated GF Value™ of د.إ16.09.
GuruFocus considers Emaar Properties PJSC to be Modestly Undervalued.
Key valuation signals for DFM:EMAAR:
ROC (Joel Greenblatt) %: 297.87% (261% above median its 10-year median of 82.44)
GF Value™: د.إ16.09 vs. price of د.إ12.06 (25% below fair value)
Industry Position: 2254.7% above the Real Estate median (#254 of 1748)
No single metric tells the full story. See the DFM:EMAAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emaar Properties PJSC is engaged in property investment, development, and development management, shopping malls and retail, hospitality, property management, utility services, and investments in providers of financial services. Its segments are, namely, real estate (develop, sell, and manage condominiums, villas, commercial units and plots of land), leasing, retail and related activities (develop, lease and manage malls, retail, commercial, and residential spaces), and hospitality (develop, own, and/or manage hotels, serviced apartments and leisure activities). It earns revenue from sources other than property sales, leasing, retail and related activities, and hospitality, and this revenue is included in other operating income. The majority of revenue comes from real estate.
99GF Score
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