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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. Global Resource Construction's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 67.90%.
The historical rank and industry rank for Global Resource Construction's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:D93'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7896.86 Med: 8.42 Max: 214
Current: 55.02
During the past 13 years, Global Resource Construction's highest ROC (Joel Greenblatt) % was 214.00%. The lowest was -7896.86%. And the median was 8.42%.
FRA:D93's ROC (Joel Greenblatt) % is ranked better than 72.2% of 1752
companies
in the Real Estate industry
Industry Median: 13.465
vs FRA:D93: 55.02
Global Resource Construction (FRA:D93) 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.
* 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.
Global Resource Construction ROC (Joel Greenblatt) % Chart
FRA:D93 vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, Global Resource Construction'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.
Global Resource Construction ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Global Resource Construction's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Global Resource Construction's ROC (Joel Greenblatt) % falls into.
Global Resource Construction 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 67.90% mean?
Global Resource Construction (FRA:D93) has a ROC (Joel Greenblatt) % of 67.90% 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 Global Resource Construction and its competitors. This is 706% above median its historical median of 8.42. According to the industry distribution chart, Global Resource Construction ranks #487 out of 1752 companies in the Real Estate industry, placing it in the top 27.8%.
Is Global Resource Construction's ROC (Joel Greenblatt) % too high?
Global Resource Construction's current ROC (Joel Greenblatt) % of 67.90% is 706% above median its 10-year median of 8.42. The Real Estate industry median ROC (Joel Greenblatt) % is 13.47. Global Resource Construction's value of 67.90% is 404.3% above this industry median. Based on the distribution chart, Global Resource Construction ranks #487 out of 1752 companies in the Real Estate industry, which is above the industry midpoint. Overall, Global Resource Construction has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Global Resource Construction's ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Global Resource Construction ranks #487 out of 1752 companies for ROC (Joel Greenblatt) %. This puts Global Resource Construction in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 13.47. Global Resource Construction's value of 67.90% is 404.3% above this benchmark. While the company's 10-year median is 8.42 vs. the industry median of 13.47, Global Resource Construction 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 13.47, based on 1,752 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. Global Resource Construction's current ROC (Joel Greenblatt) % of 67.90% is 404.3% 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 Global Resource Construction and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 13.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Resource Construction's current ROC (Joel Greenblatt) % is 67.90%, which is 706% above median its own 10-year median of 8.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Resource Construction stock overvalued right now?
Global Resource Construction (FRA:D93) has a current ROC (Joel Greenblatt) % of 67.90%. The stock's GF Value™ is €0.17, compared to a current price of €0.07 — trading 58.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 67.90%, which is 706% above median its 10-year median of 8.42 and 404.3% above the Real Estate industry median of 13.47. Global Resource Construction's overall GF Score™ is 62/100 with 5 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 Global Resource Construction (FRA:D93), the current ROC (Joel Greenblatt) % is 67.90% 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 Global Resource Construction (FRA:D93) Overvalued in 2026?
Based on GuruFocus' analysis, Global Resource Construction stock appears to be undervalued.
The current stock price of €0.07 is trading 58.5% below its estimated GF Value™ of €0.17.
Key valuation signals for FRA:D93:
ROC (Joel Greenblatt) %: 67.90% (706% above median its 10-year median of 8.42)
GF Value™: €0.17 vs. price of €0.07 (58.5% below fair value)
Industry Position: 404.3% above the Real Estate median (#487 of 1752)
No single metric tells the full story. See the FRA:D93 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Resource Construction Ltd is an investment holding company. The company operates in seven operating segments, which include the building construction segment, building construction (Australia), civil infrastructure, prefabrication technology, environmental & sustainability, procurement, and Property investment. The majority of its revenue is generated from the building construction segment.
62GF Score
Get the complete analysis for FRA:D93
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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