Emaar Development PJSCDFM:EMAARDEV +1.30%100 ROC (Joel Greenblatt) % is 78,190.95% as of Mar. 2026, which is 583% above its 10-year median of 11,445.64. GuruFocus rates DFM:EMAARDEV with a GF Score™ of 100/100 and a GF Value™ of د.إ20.14 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,748 Real Estate companies, Emaar Development PJSC ranks better than 99.66% 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 Development PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 78,190.95%.
The historical rank and industry rank for Emaar Development PJSC's ROC (Joel Greenblatt) % or its related term are showing as below:
DFM:EMAARDEV'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2950.02 Med: 11445.64 Max: 115737.87
Current: 111313.39
During the past 12 years, Emaar Development PJSC's highest ROC (Joel Greenblatt) % was 115737.87%. The lowest was 2950.02%. And the median was 11445.64%.
DFM:EMAARDEV's ROC (Joel Greenblatt) % is ranked better than 99.66% of 1748
companies
in the Real Estate industry
Industry Median: 12.65
vs DFM:EMAARDEV: 111313.39
Emaar Development PJSC's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 85.80% per year.
Emaar Development PJSC (DFM:EMAARDEV) 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.
Emaar Development PJSC ROC (Joel Greenblatt) % Related Terms
Emaar Development PJSC ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Emaar Development 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.
Emaar Development PJSC ROC (Joel Greenblatt) % Chart
Emaar Development PJSC ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, Emaar Development 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 Development PJSC ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Emaar Development PJSC's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Emaar Development PJSC's ROC (Joel Greenblatt) % falls into.
Emaar Development PJSC 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 78,190.95% mean?
Emaar Development PJSC (DFM:EMAARDEV) has a ROC (Joel Greenblatt) % of 78,190.95% 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 Development PJSC and its competitors. This is 583% above median its historical median of 11,445.64. Over the past decade, Emaar Development PJSC's ROC (Joel Greenblatt) % has ranged from 2,950.02 to 115,737.87. According to the industry distribution chart, Emaar Development PJSC ranks #6 out of 1748 companies in the Real Estate industry, placing it in the top 0.3%.
Is Emaar Development PJSC's ROC (Joel Greenblatt) % too high?
Emaar Development PJSC's current ROC (Joel Greenblatt) % of 78,190.95% is 583% above median its 10-year median of 11,445.64. Over the past 10 years, this metric has ranged from a low of 2,950.02 to a high of 115,737.87. The Real Estate industry median ROC (Joel Greenblatt) % is 12.65. Emaar Development PJSC's value of 78,190.95% is 618010.3% above this industry median. Based on the distribution chart, Emaar Development PJSC ranks #6 out of 1748 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Emaar Development PJSC has a GF Score™ of 100/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emaar Development PJSC's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Emaar Development PJSC ranks #6 out of 1748 companies for ROC (Joel Greenblatt) %. This places Emaar Development PJSC in the top 0% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.65. Emaar Development PJSC's value of 78,190.95% is 618010.3% above this benchmark. Historically, Emaar Development PJSC's own ROC (Joel Greenblatt) % has ranged from 2,950.02 to 115,737.87 over the past decade. While the company's 10-year median is 11,445.64 vs. the industry median of 12.65, Emaar Development 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 Development PJSC's current ROC (Joel Greenblatt) % of 78,190.95% is 618010.3% 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 Development 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 Development PJSC's current ROC (Joel Greenblatt) % is 78,190.95%, which is 583% above median its own 10-year median of 11,445.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emaar Development PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emaar Development PJSC (DFM:EMAARDEV) is currently considered Significantly Undervalued. The stock's GF Value™ is د.إ20.14, compared to a current price of د.إ14.04 — trading 30.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 78,190.95%, which is 583% above median its 10-year median of 11,445.64 and 618010.3% above the Real Estate industry median of 12.65. Emaar Development PJSC's overall GF Score™ is 100/100 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 Development PJSC (DFM:EMAARDEV), the current ROC (Joel Greenblatt) % is 78,190.95% 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 Development PJSC (DFM:EMAARDEV) Overvalued in 2026?
Based on GuruFocus' analysis, Emaar Development PJSC stock appears to be undervalued.
The current stock price of د.إ14.04 is trading 30.3% below its estimated GF Value™ of د.إ20.14.
GuruFocus considers Emaar Development PJSC to be Significantly Undervalued.
Key valuation signals for DFM:EMAARDEV:
ROC (Joel Greenblatt) %: 78,190.95% (583% above median its 10-year median of 11,445.64)
GF Value™: د.إ20.14 vs. price of د.إ14.04 (30.3% below fair value)
Industry Position: 618010.3% above the Real Estate median (#6 of 1748)
No single metric tells the full story. See the DFM:EMAARDEV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emaar Development PJSC is a property developer and provider of lifestyle-focused real estate, with operations in the Middle East, North Africa, and Asia. Its principal activities are property investment, development and development management, shopping malls and retail, entertainment, hospitality, property management and utility services and investments in providers of financial services. The majority of the company'ss revenue is derived from the sale of residential units. Geographically, the company is currently operating only in the UAE.
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