Gaming and Leisure PropertiesGLPI +1.82%84 ROC (Joel Greenblatt) % is 53.97% as of Mar. 2026, which is 10% below its 10-year median of 59.79. GuruFocus rates GLPI with a GF Score™ of 84/100 and a GF Value™ of $49.75 (Fairly Valued). The stock has 7 warning signs investors should review. Among 590 REITs companies, Gaming and Leisure Properties ranks worse than 62.03% 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. Gaming and Leisure Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 53.97%.
The historical rank and industry rank for Gaming and Leisure Properties's ROC (Joel Greenblatt) % or its related term are showing as below:
GLPI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 24.2 Med: 59.79 Max: 367.87
Current: 55.24
During the past 13 years, Gaming and Leisure Properties's highest ROC (Joel Greenblatt) % was 367.87%. The lowest was 24.20%. And the median was 59.79%.
GLPI's ROC (Joel Greenblatt) % is ranked worse than 62.03% of 590
companies
in the REITs industry
Industry Median: 176.06
vs GLPI: 55.24
Gaming and Leisure Properties (NAS:GLPI) 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.
Gaming and Leisure Properties ROC (Joel Greenblatt) % Chart
GLPI vs LAMR, WY, RYN: ROC (Joel Greenblatt) % Comparison
For the REIT - Specialty subindustry, Gaming and Leisure 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.
Gaming and Leisure Properties ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Gaming and Leisure Properties's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Gaming and Leisure Properties's ROC (Joel Greenblatt) % falls into.
Gaming and Leisure Properties 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 53.97% mean?
Gaming and Leisure Properties (GLPI) has a ROC (Joel Greenblatt) % of 53.97% 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 Gaming and Leisure Properties and its competitors. This is 10% below median its historical median of 59.79. Over the past decade, Gaming and Leisure Properties' ROC (Joel Greenblatt) % has ranged from 24.20 to 367.87. According to the industry distribution chart, Gaming and Leisure Properties ranks #366 out of 590 companies in the REITs industry, placing it in the top 62%.
Is Gaming and Leisure Properties' ROC (Joel Greenblatt) % too high?
Gaming and Leisure Properties' current ROC (Joel Greenblatt) % of 53.97% is 10% below median its 10-year median of 59.79. Over the past 10 years, this metric has ranged from a low of 24.20 to a high of 367.87. The REITs industry median ROC (Joel Greenblatt) % is 176.06. Gaming and Leisure Properties' value of 53.97% is 69.3% below this industry median. Based on the distribution chart, Gaming and Leisure Properties ranks #366 out of 590 companies in the REITs industry, which is below the industry midpoint. Overall, Gaming and Leisure Properties has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gaming and Leisure Properties' ROC (Joel Greenblatt) % compare to LAMR and WY?
According to the REITs industry distribution chart, Gaming and Leisure Properties ranks #366 out of 590 companies for ROC (Joel Greenblatt) %. This places Gaming and Leisure Properties in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 176.06. Gaming and Leisure Properties' value of 53.97% is 69.3% below this benchmark. Historically, Gaming and Leisure Properties' own ROC (Joel Greenblatt) % has ranged from 24.20 to 367.87 over the past decade. While the company's 10-year median is 59.79 vs. the industry median of 176.06, Gaming and Leisure Properties 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 590 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. Gaming and Leisure Properties's current ROC (Joel Greenblatt) % of 53.97% is 69.3% 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 Gaming and Leisure Properties 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. Gaming and Leisure Properties's current ROC (Joel Greenblatt) % is 53.97%, which is 10% below median its own 10-year median of 59.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gaming and Leisure Properties stock overvalued right now?
Based on GuruFocus' analysis, Gaming and Leisure Properties (GLPI) is currently considered Fairly Valued. The stock's GF Value™ is $49.75, compared to a current price of $45.87 — trading 7.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 53.97%, which is 10% below median its 10-year median of 59.79 and 69.3% below the REITs industry median of 176.06. Gaming and Leisure Properties' overall GF Score™ is 84/100 with 7 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 Gaming and Leisure Properties (GLPI), the current ROC (Joel Greenblatt) % is 53.97% 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 Gaming and Leisure Properties (GLPI) Overvalued in 2026?
Based on GuruFocus' analysis, Gaming and Leisure Properties stock appears to be undervalued.
The current stock price of $45.87 is trading 7.8% below its estimated GF Value™ of $49.75.
GuruFocus considers Gaming and Leisure Properties to be Fairly Valued.
Key valuation signals for GLPI:
ROC (Joel Greenblatt) %: 53.97% (10% below median its 10-year median of 59.79)
GF Value™: $49.75 vs. price of $45.87 (7.8% below fair value)
Industry Position: 69.3% below the REITs median (#366 of 590)
No single metric tells the full story. See the GLPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gaming and Leisure Properties Business Description
Gaming and Leisure Properties Inc, or GLP, is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). It is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company also extends loans that produce fixed or variable returns, which may convert into leased rent upon project completion or stabilization. Its portfolio consists of gaming and related facilities and amenities such as Ameristar Black Hawk, Bally's Casino, Argosy Casino Alton, Bally's Chicago, Hollywood Casino Aurora, and others located across different states in the United States.
84GF Score
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