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Lamda DevelopmentFRA:LDQ +1.97%69 ROC (Joel Greenblatt) % is 13.95% as of Mar. 2026, which is 76% below its 10-year median of 57.59. GuruFocus rates FRA:LDQ with a GF Score™ of 69/100 and a GF Value™ of €7.77 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,749 Real Estate companies, Lamda Development ranks better than 74.16% 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. Lamda Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.95%.
The historical rank and industry rank for Lamda Development's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:LDQ'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -31.24 Med: 57.59 Max: 2088.65
Current: 63.92
During the past 13 years, Lamda Development's highest ROC (Joel Greenblatt) % was 2088.65%. The lowest was -31.24%. And the median was 57.59%.
FRA:LDQ's ROC (Joel Greenblatt) % is ranked better than 74.16% of 1749
companies
in the Real Estate industry
Industry Median: 12.68
vs FRA:LDQ: 63.92
Lamda Development's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Lamda Development (FRA:LDQ) 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.
Lamda Development ROC (Joel Greenblatt) % Related Terms
Lamda Development ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Lamda Development'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.
Lamda Development ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, Lamda Development'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.
Lamda Development ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Lamda Development's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lamda Development's ROC (Joel Greenblatt) % falls into.
Lamda Development 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 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 13.95% mean?
Lamda Development (FRA:LDQ) has a ROC (Joel Greenblatt) % of 13.95% 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 Lamda Development and its competitors. This is 76% below median its historical median of 57.59. According to the industry distribution chart, Lamda Development ranks #452 out of 1749 companies in the Real Estate industry, placing it in the top 25.8%.
Is Lamda Development's ROC (Joel Greenblatt) % too high?
Lamda Development's current ROC (Joel Greenblatt) % of 13.95% is 76% below median its 10-year median of 57.59. The Real Estate industry median ROC (Joel Greenblatt) % is 12.68. Lamda Development's value of 13.95% is 10% above this industry median. Based on the distribution chart, Lamda Development ranks #452 out of 1749 companies in the Real Estate industry, which is above the industry midpoint. Overall, Lamda Development has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lamda Development's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Lamda Development ranks #452 out of 1749 companies for ROC (Joel Greenblatt) %. This puts Lamda Development in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.68. Lamda Development's value of 13.95% is 10% above this benchmark. While the company's 10-year median is 57.59 vs. the industry median of 12.68, Lamda Development 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 12.68, based on 1,749 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. Lamda Development's current ROC (Joel Greenblatt) % of 13.95% is 10% 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 Lamda Development and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lamda Development's current ROC (Joel Greenblatt) % is 13.95%, which is 76% below median its own 10-year median of 57.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lamda Development stock overvalued right now?
Based on GuruFocus' analysis, Lamda Development (FRA:LDQ) is currently considered Modestly Undervalued. The stock's GF Value™ is €7.77, compared to a current price of €6.48 — trading 16.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 13.95%, which is 76% below median its 10-year median of 57.59 and 10% above the Real Estate industry median of 12.68. Lamda Development's overall GF Score™ is 69/100 with 9 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 Lamda Development (FRA:LDQ), the current ROC (Joel Greenblatt) % is 13.95% 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 Lamda Development (FRA:LDQ) Overvalued in 2026?
Based on GuruFocus' analysis, Lamda Development stock appears to be undervalued.
The current stock price of €6.48 is trading 16.7% below its estimated GF Value™ of €7.77.
GuruFocus considers Lamda Development to be Modestly Undervalued.
Key valuation signals for FRA:LDQ:
ROC (Joel Greenblatt) %: 13.95% (76% below median its 10-year median of 57.59)
GF Value™: €7.77 vs. price of €6.48 (16.7% below fair value)
Industry Position: 10% above the Real Estate median (#452 of 1749)
No single metric tells the full story. See the FRA:LDQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lamda Development SA is a holding company specializing in real estate development, investment, and management. The company's development portfolio includes three commercial and leisure centers, namely The Mall Athens, Golden Hall, and Mediterranean Cosmos; office buildings, and residential complexes. The company is operating in the business segment of real estate in Greece and Balkan countries. The company's investment portfolio is located in Greece and is mostly in the retail industry. In addition, Lamda Development develops land, builds marinas, maintains yachts, and provides refurbishing and airport services.
69GF Score
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