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Midland HoldingsFRA:MTK -1.55%50 ROC (Joel Greenblatt) % is 156.63% as of Dec. 2025, which is 444% above its 10-year median of 28.77. GuruFocus rates FRA:MTK with a GF Score™ of 50/100 and a GF Value™ of €0.11 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,748 Real Estate companies, Midland Holdings ranks better than 80.49% 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. Midland Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 156.63%.
The historical rank and industry rank for Midland Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:MTK'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -72.27 Med: 28.77 Max: 186.26
Current: 136.34
During the past 13 years, Midland Holdings's highest ROC (Joel Greenblatt) % was 186.26%. The lowest was -72.27%. And the median was 28.77%.
FRA:MTK's ROC (Joel Greenblatt) % is ranked better than 80.49% of 1748
companies
in the Real Estate industry
Industry Median: 12.92
vs FRA:MTK: 136.34
Midland Holdings'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.
Midland Holdings ROC (Joel Greenblatt) % Related Terms
Midland Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Midland Holdings'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:MTK vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, Midland Holdings'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.
Midland Holdings ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Midland Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Midland Holdings'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 156.63% mean?
Midland Holdings (FRA:MTK) has a ROC (Joel Greenblatt) % of 156.63% 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 Midland Holdings and its competitors. This is 444% above median its historical median of 28.77. According to the industry distribution chart, Midland Holdings ranks #341 out of 1748 companies in the Real Estate industry, placing it in the top 19.5%.
Is Midland Holdings' ROC (Joel Greenblatt) % too high?
Midland Holdings' current ROC (Joel Greenblatt) % of 156.63% is 444% above median its 10-year median of 28.77. The Real Estate industry median ROC (Joel Greenblatt) % is 12.92. Midland Holdings' value of 156.63% is 1112.3% above this industry median. Based on the distribution chart, Midland Holdings ranks #341 out of 1748 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Midland Holdings has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Midland Holdings' ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Midland Holdings ranks #341 out of 1748 companies for ROC (Joel Greenblatt) %. This places Midland Holdings in the top 20% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.92. Midland Holdings' value of 156.63% is 1112.3% above this benchmark. While the company's 10-year median is 28.77 vs. the industry median of 12.92, Midland Holdings 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 12.92, based on 1,748 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. Midland Holdings's current ROC (Joel Greenblatt) % of 156.63% is 1112.3% 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 Midland Holdings and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Midland Holdings's current ROC (Joel Greenblatt) % is 156.63%, which is 444% above median its own 10-year median of 28.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Midland Holdings stock overvalued right now?
Based on GuruFocus' analysis, Midland Holdings (FRA:MTK) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.11, compared to a current price of €0.25 — trading 130.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 156.63%, which is 444% above median its 10-year median of 28.77 and 1112.3% above the Real Estate industry median of 12.92. Midland Holdings' overall GF Score™ is 50/100 with 4 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 Midland Holdings (FRA:MTK), the current ROC (Joel Greenblatt) % is 156.63% 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 Midland Holdings (FRA:MTK) Overvalued in 2026?
Based on GuruFocus' analysis, Midland Holdings stock appears to be overvalued.
The current stock price of €0.25 is trading 130.9% above its estimated GF Value™ of €0.11.
GuruFocus considers Midland Holdings to be Significantly Overvalued.
Key valuation signals for FRA:MTK:
ROC (Joel Greenblatt) %: 156.63% (444% above median its 10-year median of 28.77)
GF Value™: €0.11 vs. price of €0.25 (130.9% above fair value)
Industry Position: 1112.3% above the Real Estate median (#341 of 1748)
No single metric tells the full story. See the FRA:MTK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Midland Holdings Ltd is an investment holding company principally engaged in the provision of property agency services for residential, commercial, and industrial properties and shops. The company is also engaged in the leasing of property, the operation of an Internet Website, and the provision of immigration consultancy services, money lending services, and mortgage referral services. The segment of the company is Property Agency, which involves: Residential properties, and Commercial and industrial properties and shops. It generates the majority of its revenue from the Residential properties. Geographically, the company operates in Hong Kong and Macau, which derives maximum revenue; and Chinese Mainland.
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