Great Portland EstatesGPEAF 64 ROC (Joel Greenblatt) % is 202.31% as of Mar. 2026, which is 61% below its 10-year median of 524.89. GuruFocus rates GPEAF with a GF Score™ of 64/100 and a GF Value™ of $4.23 (Fairly Valued). The stock has 8 warning signs investors should review. Among 588 REITs companies, Great Portland Estates ranks better than 55.61% 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. Great Portland Estates's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 202.31%.
The historical rank and industry rank for Great Portland Estates's ROC (Joel Greenblatt) % or its related term are showing as below:
GPEAF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10552.73 Med: 524.89 Max: 27233.33
Current: 251.13
During the past 13 years, Great Portland Estates's highest ROC (Joel Greenblatt) % was 27233.33%. The lowest was -10552.73%. And the median was 524.89%.
GPEAF's ROC (Joel Greenblatt) % is ranked better than 55.61% of 588
companies
in the REITs industry
Industry Median: 178.7
vs GPEAF: 251.13
Great Portland Estates's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Great Portland Estates (OTCPK:GPEAF) 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.
Great Portland Estates ROC (Joel Greenblatt) % Related Terms
Great Portland Estates ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Great Portland Estates'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.
Great Portland Estates ROC (Joel Greenblatt) % Chart
GPEAF vs BXP, ARE, VNO: ROC (Joel Greenblatt) % Comparison
For the REIT - Office subindustry, Great Portland Estates'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.
Great Portland Estates ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Great Portland Estates's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Great Portland Estates's ROC (Joel Greenblatt) % falls into.
Great Portland Estates 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 (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 202.31% mean?
Great Portland Estates (GPEAF) has a ROC (Joel Greenblatt) % of 202.31% 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 Great Portland Estates and its competitors. This is 61% below median its historical median of 524.89. According to the industry distribution chart, Great Portland Estates ranks #261 out of 588 companies in the REITs industry, placing it in the top 44.4%.
Is Great Portland Estates' ROC (Joel Greenblatt) % too high?
Great Portland Estates' current ROC (Joel Greenblatt) % of 202.31% is 61% below median its 10-year median of 524.89. The REITs industry median ROC (Joel Greenblatt) % is 178.70. Great Portland Estates' value of 202.31% is 13.2% above this industry median. Based on the distribution chart, Great Portland Estates ranks #261 out of 588 companies in the REITs industry, which is above the industry midpoint. Overall, Great Portland Estates has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Great Portland Estates' ROC (Joel Greenblatt) % compare to BXP and ARE?
According to the REITs industry distribution chart, Great Portland Estates ranks #261 out of 588 companies for ROC (Joel Greenblatt) %. This puts Great Portland Estates in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 178.70. Great Portland Estates' value of 202.31% is 13.2% above this benchmark. While the company's 10-year median is 524.89 vs. the industry median of 178.70, Great Portland Estates 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 178.70, based on 588 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. Great Portland Estates's current ROC (Joel Greenblatt) % of 202.31% is 13.2% 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 Great Portland Estates and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 178.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Great Portland Estates's current ROC (Joel Greenblatt) % is 202.31%, which is 61% below median its own 10-year median of 524.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Portland Estates stock overvalued right now?
Based on GuruFocus' analysis, Great Portland Estates (GPEAF) is currently considered Fairly Valued. The stock's GF Value™ is $4.23, compared to a current price of $4.01 — trading 5.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 202.31%, which is 61% below median its 10-year median of 524.89 and 13.2% above the REITs industry median of 178.70. Great Portland Estates' overall GF Score™ is 64/100 with 8 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 Great Portland Estates (GPEAF), the current ROC (Joel Greenblatt) % is 202.31% 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 Great Portland Estates (GPEAF) Overvalued in 2026?
Based on GuruFocus' analysis, Great Portland Estates stock appears to be undervalued.
The current stock price of $4.01 is trading 5.2% below its estimated GF Value™ of $4.23.
GuruFocus considers Great Portland Estates to be Fairly Valued.
Key valuation signals for GPEAF:
ROC (Joel Greenblatt) %: 202.31% (61% below median its 10-year median of 524.89)
GF Value™: $4.23 vs. price of $4.01 (5.2% below fair value)
Industry Position: 13.2% above the REITs median (#261 of 588)
No single metric tells the full story. See the GPEAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Great Portland Estates PLC is a United Kingdom-based property investment and development company. The company invests in and develops central London real estate. The company's property portfolio includes 35 Portman Square, Orchard Court, One Chapel Place, 23/24 Newman Street, The Courtyard, Whittington House, 10 South Crescent, Pollen House, 141 Wardour Street, Soho Square Estate, SIX St Andrew Street, The Hickman, City Tower, and others. Its segments include Fully Managed offices, which generate maximum revenue, including joint ventures, and Group Fully Managed offices.
64GF Score
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