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. Japan Logistics Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 5.14%.
The historical rank and industry rank for Japan Logistics Fund's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:8UT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.54 Med: 3.91 Max: 6.07
Current: 5.2
During the past 13 years, Japan Logistics Fund's highest ROC (Joel Greenblatt) % was 6.07%. The lowest was 3.54%. And the median was 3.91%.
FRA:8UT's ROC (Joel Greenblatt) % is ranked worse than 75.43% of 586
companies
in the REITs industry
Industry Median: 176.06
vs FRA:8UT: 5.20
Japan Logistics Fund's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.80% per year.
Japan Logistics Fund (FRA:8UT) 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.
Japan Logistics Fund ROC (Joel Greenblatt) % Related Terms
Japan Logistics Fund ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Japan Logistics Fund'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.
Japan Logistics Fund ROC (Joel Greenblatt) % Chart
FRA:8UT vs PLD, PSA, EXR: ROC (Joel Greenblatt) % Comparison
For the REIT - Industrial subindustry, Japan Logistics Fund'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.
Japan Logistics Fund ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Japan Logistics Fund's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Japan Logistics Fund's ROC (Joel Greenblatt) % falls into.
Japan Logistics Fund 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 (Jan. 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 5.14% mean?
Japan Logistics Fund (FRA:8UT) has a ROC (Joel Greenblatt) % of 5.14% as of Jan. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Japan Logistics Fund and its competitors. This is 31% above median its historical median of 3.91. Over the past decade, Japan Logistics Fund's ROC (Joel Greenblatt) % has ranged from 3.54 to 6.07. According to the industry distribution chart, Japan Logistics Fund ranks #442 out of 586 companies in the REITs industry, placing it in the top 75.4%.
Is Japan Logistics Fund's ROC (Joel Greenblatt) % too high?
Japan Logistics Fund's current ROC (Joel Greenblatt) % of 5.14% is 31% above median its 10-year median of 3.91. Over the past 10 years, this metric has ranged from a low of 3.54 to a high of 6.07. The REITs industry median ROC (Joel Greenblatt) % is 176.06. Japan Logistics Fund's value of 5.14% is 97.1% below this industry median. Based on the distribution chart, Japan Logistics Fund ranks #442 out of 586 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Japan Logistics Fund has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Japan Logistics Fund's ROC (Joel Greenblatt) % compare to PLD and PSA?
According to the REITs industry distribution chart, Japan Logistics Fund ranks #442 out of 586 companies for ROC (Joel Greenblatt) %. This places Japan Logistics Fund in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 176.06. Japan Logistics Fund's value of 5.14% is 97.1% below this benchmark. Historically, Japan Logistics Fund's own ROC (Joel Greenblatt) % has ranged from 3.54 to 6.07 over the past decade. While the company's 10-year median is 3.91 vs. the industry median of 176.06, Japan Logistics Fund has consistently been below 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. Japan Logistics Fund's current ROC (Joel Greenblatt) % of 5.14% is 97.1% below 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 Japan Logistics Fund 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. Japan Logistics Fund's current ROC (Joel Greenblatt) % is 5.14%, which is 31% above median its own 10-year median of 3.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Logistics Fund stock overvalued right now?
Japan Logistics Fund (FRA:8UT) has a current ROC (Joel Greenblatt) % of 5.14%. The stock's GF Value™ is €538.72, compared to a current price of €515.00 — trading 4.4% below its estimated fair value. The current ROC (Joel Greenblatt) % is 5.14%, which is 31% above median its 10-year median of 3.91 and 97.1% below the REITs industry median of 176.06. Japan Logistics Fund's overall GF Score™ is 64/100 with 3 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 Japan Logistics Fund (FRA:8UT), the current ROC (Joel Greenblatt) % is 5.14% as of Jan. 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 Japan Logistics Fund (FRA:8UT) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Logistics Fund stock appears to be undervalued.
The current stock price of €515.00 is trading 4.4% below its estimated GF Value™ of €538.72.
Key valuation signals for FRA:8UT:
ROC (Joel Greenblatt) %: 5.14% (31% above median its 10-year median of 3.91)
GF Value™: €538.72 vs. price of €515.00 (4.4% below fair value)
Industry Position: 97.1% below the REITs median (#442 of 586)
No single metric tells the full story. See the FRA:8UT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Logistics Fund Inc is a Real Estate Investment Trust dedicated to investing in logistics properties. Its investment targets shall be real estate used for logistics facilities. The real estate used for data centers and other telecommunication facilities and real estate that is not being used for logistics facilities at the time of acquisition but may be constructed, converted or redeveloped to be used for logistics facilities.
64GF Score
Get the complete analysis for FRA:8UT
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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