Patrimoine et CommerceFRA:6DN +2.80%50 ROC (Joel Greenblatt) % is 1,511.37% as of Dec. 2025, which is 51% above its 10-year median of 1,000.99. GuruFocus rates FRA:6DN with a GF Score™ of 50/100 and a GF Value™ of €19.57 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 586 REITs companies, Patrimoine et Commerce ranks better than 76.62% 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. Patrimoine et Commerce's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 1,511.37%.
The historical rank and industry rank for Patrimoine et Commerce's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:6DN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 322.84 Med: 1000.99 Max: 625836.36
Current: 1056.78
During the past 13 years, Patrimoine et Commerce's highest ROC (Joel Greenblatt) % was 625836.36%. The lowest was 322.84%. And the median was 1000.99%.
FRA:6DN's ROC (Joel Greenblatt) % is ranked better than 76.62% of 586
companies
in the REITs industry
Industry Median: 176.06
vs FRA:6DN: 1056.78
Patrimoine et Commerce's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 18.50% per year.
Patrimoine et Commerce (FRA:6DN) 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.
Patrimoine et Commerce ROC (Joel Greenblatt) % Related Terms
Patrimoine et Commerce ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Patrimoine et Commerce'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.
Patrimoine et Commerce ROC (Joel Greenblatt) % Chart
FRA:6DN vs SPG, O, KIM: ROC (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Patrimoine et Commerce'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.
Patrimoine et Commerce ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Patrimoine et Commerce's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Patrimoine et Commerce's ROC (Joel Greenblatt) % falls into.
Patrimoine et Commerce 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 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 1,511.37% mean?
Patrimoine et Commerce (FRA:6DN) has a ROC (Joel Greenblatt) % of 1,511.37% 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 Patrimoine et Commerce and its competitors. This is 51% above median its historical median of 1,000.99. Over the past decade, Patrimoine et Commerce's ROC (Joel Greenblatt) % has ranged from 322.84 to 625,836.36. According to the industry distribution chart, Patrimoine et Commerce ranks #137 out of 586 companies in the REITs industry, placing it in the top 23.4%.
Is Patrimoine et Commerce's ROC (Joel Greenblatt) % too high?
Patrimoine et Commerce's current ROC (Joel Greenblatt) % of 1,511.37% is 51% above median its 10-year median of 1,000.99. Over the past 10 years, this metric has ranged from a low of 322.84 to a high of 625,836.36. The REITs industry median ROC (Joel Greenblatt) % is 176.06. Patrimoine et Commerce's value of 1,511.37% is 758.4% above this industry median. Based on the distribution chart, Patrimoine et Commerce ranks #137 out of 586 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Patrimoine et Commerce has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Patrimoine et Commerce's ROC (Joel Greenblatt) % compare to SPG and O?
According to the REITs industry distribution chart, Patrimoine et Commerce ranks #137 out of 586 companies for ROC (Joel Greenblatt) %. This places Patrimoine et Commerce in the top 23% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 176.06. Patrimoine et Commerce's value of 1,511.37% is 758.4% above this benchmark. Historically, Patrimoine et Commerce's own ROC (Joel Greenblatt) % has ranged from 322.84 to 625,836.36 over the past decade. While the company's 10-year median is 1,000.99 vs. the industry median of 176.06, Patrimoine et Commerce 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 176.06, 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. Patrimoine et Commerce's current ROC (Joel Greenblatt) % of 1,511.37% is 758.4% 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 Patrimoine et Commerce and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 176.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patrimoine et Commerce's current ROC (Joel Greenblatt) % is 1,511.37%, which is 51% above median its own 10-year median of 1,000.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patrimoine et Commerce stock overvalued right now?
Based on GuruFocus' analysis, Patrimoine et Commerce (FRA:6DN) is currently considered Significantly Overvalued. The stock's GF Value™ is €19.57, compared to a current price of €25.70 — trading 31.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 1,511.37%, which is 51% above median its 10-year median of 1,000.99 and 758.4% above the REITs industry median of 176.06. Patrimoine et Commerce's overall GF Score™ is 50/100 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 Patrimoine et Commerce (FRA:6DN), the current ROC (Joel Greenblatt) % is 1,511.37% 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 Patrimoine et Commerce (FRA:6DN) Overvalued in 2026?
Based on GuruFocus' analysis, Patrimoine et Commerce stock appears to be overvalued.
The current stock price of €25.70 is trading 31.3% above its estimated GF Value™ of €19.57.
GuruFocus considers Patrimoine et Commerce to be Significantly Overvalued.
Key valuation signals for FRA:6DN:
ROC (Joel Greenblatt) %: 1,511.37% (51% above median its 10-year median of 1,000.99)
GF Value™: €19.57 vs. price of €25.70 (31.3% above fair value)
Industry Position: 758.4% above the REITs median (#137 of 586)
No single metric tells the full story. See the FRA:6DN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Patrimoine et Commerce is a real estate company engaged in the acquisition, development, and operation of commercial real estate properties in France. It operates a portfolio of real estate assets located in high-attraction areas in the suburbs or centers of medium-sized cities. The company's property portfolio includes shopping malls, supermarkets, shops, and business parks.
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