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TLG Immobilien AGHAM:TLG +2.61%65 ROC (Joel Greenblatt) % is 29.29% as of Dec. 2024, which is 97% below its 10-year median of 888.61. GuruFocus rates HAM:TLG with a GF Score™ of 65/100 and a GF Value™ of €10.06 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,748 Real Estate companies, TLG Immobilien AG ranks better than 62.76% 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. TLG Immobilien AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 29.29%.
The historical rank and industry rank for TLG Immobilien AG's ROC (Joel Greenblatt) % or its related term are showing as below:
HAM:TLG'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -377.52 Med: 888.61 Max: 8597.42
Current: 29.29
During the past 12 years, TLG Immobilien AG's highest ROC (Joel Greenblatt) % was 8597.42%. The lowest was -377.52%. And the median was 888.61%.
HAM:TLG's ROC (Joel Greenblatt) % is ranked better than 62.76% of 1748
companies
in the Real Estate industry
Industry Median: 12.85
vs HAM:TLG: 29.29
TLG Immobilien AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
TLG Immobilien AG (HAM:TLG) 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.
TLG Immobilien AG ROC (Joel Greenblatt) % Related Terms
TLG Immobilien AG ROC (Joel Greenblatt) % Historical Data
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The historical data trend for TLG Immobilien AG'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.
HAM:TLG vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, TLG Immobilien AG'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.
TLG Immobilien AG ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, TLG Immobilien AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where TLG Immobilien AG's ROC (Joel Greenblatt) % falls into.
TLG Immobilien AG 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 one times the annual (Dec. 2024) 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 29.29% mean?
TLG Immobilien AG (HAM:TLG) has a ROC (Joel Greenblatt) % of 29.29% as of Dec. 2024. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on TLG Immobilien AG and its competitors. This is 97% below median its historical median of 888.61. According to the industry distribution chart, TLG Immobilien AG ranks #651 out of 1748 companies in the Real Estate industry, placing it in the top 37.2%.
Is TLG Immobilien AG's ROC (Joel Greenblatt) % too high?
TLG Immobilien AG's current ROC (Joel Greenblatt) % of 29.29% is 97% below median its 10-year median of 888.61. The Real Estate industry median ROC (Joel Greenblatt) % is 12.85. TLG Immobilien AG's value of 29.29% is 127.9% above this industry median. Based on the distribution chart, TLG Immobilien AG ranks #651 out of 1748 companies in the Real Estate industry, which is above the industry midpoint. Overall, TLG Immobilien AG has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TLG Immobilien AG's ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, TLG Immobilien AG ranks #651 out of 1748 companies for ROC (Joel Greenblatt) %. This puts TLG Immobilien AG in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.85. TLG Immobilien AG's value of 29.29% is 127.9% above this benchmark. While the company's 10-year median is 888.61 vs. the industry median of 12.85, TLG Immobilien AG 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 12.85, 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. TLG Immobilien AG's current ROC (Joel Greenblatt) % of 29.29% is 127.9% 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 TLG Immobilien AG and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TLG Immobilien AG's current ROC (Joel Greenblatt) % is 29.29%, which is 97% below median its own 10-year median of 888.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TLG Immobilien AG stock overvalued right now?
Based on GuruFocus' analysis, TLG Immobilien AG (HAM:TLG) is currently considered Modestly Overvalued. The stock's GF Value™ is €10.06, compared to a current price of €11.80 — trading 17.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 29.29%, which is 97% below median its 10-year median of 888.61 and 127.9% above the Real Estate industry median of 12.85. TLG Immobilien AG's overall GF Score™ is 65/100 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 TLG Immobilien AG (HAM:TLG), the current ROC (Joel Greenblatt) % is 29.29% as of Dec. 2024. 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 TLG Immobilien AG (HAM:TLG) Overvalued in 2026?
Based on GuruFocus' analysis, TLG Immobilien AG stock appears to be overvalued.
The current stock price of €11.80 is trading 17.3% above its estimated GF Value™ of €10.06.
GuruFocus considers TLG Immobilien AG to be Modestly Overvalued.
Key valuation signals for HAM:TLG:
ROC (Joel Greenblatt) %: 29.29% (97% below median its 10-year median of 888.61)
GF Value™: €10.06 vs. price of €11.80 (17.3% above fair value)
Industry Position: 127.9% above the Real Estate median (#651 of 1748)
No single metric tells the full story. See the HAM:TLG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TLG Immobilien AG is a commercial real estate company that focuses on the Berlin and eastern Germany regions of the Baltic coast and the Middle Germany core region. The company manages a portfolio of commercial properties mainly for office and retail uses. In addition, TLG Immobilien owns and operates several hotel properties that are located in Berlin, Dresden, Leipzig, and Rostock. The company provides property management, letting, sales, and purchases services. The majority of the group's revenue comes from rental and letting activities.
65GF Score
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