Healthpeak PropertiesDOC +1.00%74 ROC (Joel Greenblatt) % is 280.09% as of Mar. 2026, which is 82% above its 10-year median of 153.81. GuruFocus rates DOC with a GF Score™ of 74/100 and a GF Value™ of $19.55 (Fairly Valued). The stock has 8 warning signs investors should review. Among 591 REITs companies, Healthpeak Properties ranks better than 50.25% 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. Healthpeak Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 280.09%.
The historical rank and industry rank for Healthpeak Properties's ROC (Joel Greenblatt) % or its related term are showing as below:
DOC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 13.08 Med: 153.81 Max: 1596.89
Current: 179.69
During the past 13 years, Healthpeak Properties's highest ROC (Joel Greenblatt) % was 1596.89%. The lowest was 13.08%. And the median was 153.81%.
DOC's ROC (Joel Greenblatt) % is ranked better than 50.25% of 591
companies
in the REITs industry
Industry Median: 174.41
vs DOC: 179.69
Healthpeak Properties's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 54.30% 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.
Healthpeak Properties ROC (Joel Greenblatt) % Related Terms
Healthpeak Properties ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Healthpeak Properties'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.
DOC vs OHI, AHR, CTRE: ROC (Joel Greenblatt) % Comparison
For the REIT - Healthcare Facilities subindustry, Healthpeak Properties'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.
Healthpeak Properties ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Healthpeak Properties's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Healthpeak Properties'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 280.09% mean?
Healthpeak Properties (DOC) has a ROC (Joel Greenblatt) % of 280.09% 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 Healthpeak Properties and its competitors. This is 82% above median its historical median of 153.81. Over the past decade, Healthpeak Properties' ROC (Joel Greenblatt) % has ranged from 13.08 to 1,596.89. According to the industry distribution chart, Healthpeak Properties ranks #294 out of 591 companies in the REITs industry, placing it in the top 49.7%.
Is Healthpeak Properties' ROC (Joel Greenblatt) % too high?
Healthpeak Properties' current ROC (Joel Greenblatt) % of 280.09% is 82% above median its 10-year median of 153.81. Over the past 10 years, this metric has ranged from a low of 13.08 to a high of 1,596.89. The REITs industry median ROC (Joel Greenblatt) % is 174.41. Healthpeak Properties' value of 280.09% is 60.6% above this industry median. Based on the distribution chart, Healthpeak Properties ranks #294 out of 591 companies in the REITs industry, which is above the industry midpoint. Overall, Healthpeak Properties has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Healthpeak Properties' ROC (Joel Greenblatt) % compare to OHI and AHR?
According to the REITs industry distribution chart, Healthpeak Properties ranks #294 out of 591 companies for ROC (Joel Greenblatt) %. This puts Healthpeak Properties in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 174.41. Healthpeak Properties' value of 280.09% is 60.6% above this benchmark. Historically, Healthpeak Properties' own ROC (Joel Greenblatt) % has ranged from 13.08 to 1,596.89 over the past decade. While the company's 10-year median is 153.81 vs. the industry median of 174.41, Healthpeak Properties 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 174.41, based on 591 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. Healthpeak Properties's current ROC (Joel Greenblatt) % of 280.09% is 60.6% 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 Healthpeak Properties and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 174.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Healthpeak Properties's current ROC (Joel Greenblatt) % is 280.09%, which is 82% above median its own 10-year median of 153.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Healthpeak Properties stock overvalued right now?
Based on GuruFocus' analysis, Healthpeak Properties (DOC) is currently considered Fairly Valued. The stock's GF Value™ is $19.55, compared to a current price of $20.77 — trading 6.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 280.09%, which is 82% above median its 10-year median of 153.81 and 60.6% above the REITs industry median of 174.41. Healthpeak Properties' overall GF Score™ is 74/100 with 8 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 Healthpeak Properties (DOC), the current ROC (Joel Greenblatt) % is 280.09% 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 Healthpeak Properties (DOC) Overvalued in 2026?
Based on GuruFocus' analysis, Healthpeak Properties stock appears to be overvalued.
The current stock price of $20.77 is trading 6.2% above its estimated GF Value™ of $19.55.
GuruFocus considers Healthpeak Properties to be Fairly Valued.
Key valuation signals for DOC:
ROC (Joel Greenblatt) %: 280.09% (82% above median its 10-year median of 153.81)
GF Value™: $19.55 vs. price of $20.77 (6.2% above fair value)
Industry Position: 60.6% above the REITs median (#294 of 591)
No single metric tells the full story. See the DOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Healthpeak owns a diversified healthcare portfolio of approximately 700 in-place properties spread across mainly medical office and life science assets, plus a handful of senior housing, hospital, and skilled nursing/post-acute care assets, as well.
74GF Score
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