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. Lighthouse Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 44,258.54%.
The historical rank and industry rank for Lighthouse Properties's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:87O'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -13521.42 Med: -488.79 Max: 37237.02
Current: 33730.53
During the past 10 years, Lighthouse Properties's highest ROC (Joel Greenblatt) % was 37237.02%. The lowest was -13521.42%. And the median was -488.79%.
FRA:87O's ROC (Joel Greenblatt) % is ranked better than 98.86% of 1751
companies
in the Real Estate industry
Industry Median: 12.62
vs FRA:87O: 33730.53
Lighthouse Properties's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Lighthouse Properties ROC (Joel Greenblatt) % Related Terms
Lighthouse Properties ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Lighthouse 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.
FRA:87O vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, Lighthouse 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.
Lighthouse Properties ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Lighthouse Properties's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lighthouse 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 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 44,258.54% mean?
Lighthouse Properties (FRA:87O) has a ROC (Joel Greenblatt) % of 44,258.54% 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 Lighthouse Properties and its competitors. According to the industry distribution chart, Lighthouse Properties ranks #20 out of 1751 companies in the Real Estate industry, placing it in the top 1.1%.
Is Lighthouse Properties' ROC (Joel Greenblatt) % too high?
Lighthouse Properties' current ROC (Joel Greenblatt) % is 44,258.54%. The Real Estate industry median ROC (Joel Greenblatt) % is 12.62. Lighthouse Properties' value of 44,258.54% is 350601.6% above this industry median. Based on the distribution chart, Lighthouse Properties ranks #20 out of 1751 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Lighthouse Properties has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lighthouse Properties' ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Lighthouse Properties ranks #20 out of 1751 companies for ROC (Joel Greenblatt) %. This places Lighthouse Properties in the top 1% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.62. Lighthouse Properties' value of 44,258.54% is 350601.6% above this benchmark. 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 12.62, based on 1,751 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. Lighthouse Properties's current ROC (Joel Greenblatt) % of 44,258.54% is 350601.6% 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 Lighthouse Properties and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lighthouse Properties's current ROC (Joel Greenblatt) % is 44,258.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lighthouse Properties stock overvalued right now?
Based on GuruFocus' analysis, Lighthouse Properties (FRA:87O) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.58, compared to a current price of €0.41 — trading 29.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 44,258.54% and 350601.6% above the Real Estate industry median of 12.62. Lighthouse Properties' overall GF Score™ is 54/100 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 Lighthouse Properties (FRA:87O), the current ROC (Joel Greenblatt) % is 44,258.54% 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 Lighthouse Properties (FRA:87O) Overvalued in 2026?
Based on GuruFocus' analysis, Lighthouse Properties stock appears to be undervalued.
The current stock price of €0.41 is trading 29.3% below its estimated GF Value™ of €0.58.
GuruFocus considers Lighthouse Properties to be Modestly Undervalued.
Key valuation signals for FRA:87O:
ROC (Joel Greenblatt) %: 44,258.54%
GF Value™: €0.58 vs. price of €0.41 (29.3% below fair value)
Industry Position: 350601.6% above the Real Estate median (#20 of 1751)
No single metric tells the full story. See the FRA:87O stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lighthouse Properties PLC focuses on investing in dominant and defensive malls located in large Western European cities. Its activities include acquiring and investing in high-quality malls, enhancing property value through redevelopment, refurbishment, and improvements, and leasing space to tenants to generate rental income. The Group operates through two segments: direct property investments and indirect property investments, which involve temporary investments in listed real estate equity securities until capital is deployed into acquisitions, expansions, or refurbishments. The company's property portfolio is located across Spain, Portugal, and France, with the majority of revenue generated from Spain.
54GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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