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Hongkong Land HoldingsHNGKY -3.11%51 ROC (Joel Greenblatt) % is 152.30% as of Jun. 2026, which is 256% above its 10-year median of 42.84. GuruFocus rates HNGKY with a GF Score™ of 51/100 and a GF Value™ of $14.70 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,749 Real Estate companies, Hongkong Land Holdings ranks better than 80.73% 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. Hongkong Land Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 152.30%.
The historical rank and industry rank for Hongkong Land Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
HNGKY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -151.03 Med: 42.84 Max: 444.22
Current: 141.04
During the past 13 years, Hongkong Land Holdings's highest ROC (Joel Greenblatt) % was 444.22%. The lowest was -151.03%. And the median was 42.84%.
HNGKY's ROC (Joel Greenblatt) % is ranked better than 80.73% of 1749
companies
in the Real Estate industry
Industry Median: 13
vs HNGKY: 141.04
Hongkong Land Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Hongkong Land Holdings (OTCPK:HNGKY) 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.
Hongkong Land Holdings ROC (Joel Greenblatt) % Related Terms
Hongkong Land Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Hongkong Land 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.
Hongkong Land Holdings ROC (Joel Greenblatt) % Chart
Hongkong Land Holdings ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, Hongkong Land 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.
Hongkong Land Holdings ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Hongkong Land Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hongkong Land Holdings's ROC (Joel Greenblatt) % falls into.
Hongkong Land Holdings 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 (Jun. 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 152.30% mean?
Hongkong Land Holdings (HNGKY) has a ROC (Joel Greenblatt) % of 152.30% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Hongkong Land Holdings and its competitors. This is 256% above median its historical median of 42.84. According to the industry distribution chart, Hongkong Land Holdings ranks #337 out of 1749 companies in the Real Estate industry, placing it in the top 19.3%.
Is Hongkong Land Holdings' ROC (Joel Greenblatt) % too high?
Hongkong Land Holdings' current ROC (Joel Greenblatt) % of 152.30% is 256% above median its 10-year median of 42.84. The Real Estate industry median ROC (Joel Greenblatt) % is 13.00. Hongkong Land Holdings' value of 152.30% is 1071.5% above this industry median. Based on the distribution chart, Hongkong Land Holdings ranks #337 out of 1749 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Hongkong Land Holdings has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hongkong Land Holdings' ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Hongkong Land Holdings ranks #337 out of 1749 companies for ROC (Joel Greenblatt) %. This places Hongkong Land Holdings in the top 19% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 13.00. Hongkong Land Holdings' value of 152.30% is 1071.5% above this benchmark. While the company's 10-year median is 42.84 vs. the industry median of 13.00, Hongkong Land 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 13.00, 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. Hongkong Land Holdings's current ROC (Joel Greenblatt) % of 152.30% is 1071.5% 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 Hongkong Land Holdings and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 13.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hongkong Land Holdings's current ROC (Joel Greenblatt) % is 152.30%, which is 256% above median its own 10-year median of 42.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hongkong Land Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hongkong Land Holdings (HNGKY) is currently considered Significantly Overvalued. The stock's GF Value™ is $14.70, compared to a current price of $39.43 — trading 168.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 152.30%, which is 256% above median its 10-year median of 42.84 and 1071.5% above the Real Estate industry median of 13.00. Hongkong Land Holdings' overall GF Score™ is 51/100 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 Hongkong Land Holdings (HNGKY), the current ROC (Joel Greenblatt) % is 152.30% as of Jun. 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 Hongkong Land Holdings (HNGKY) Overvalued in 2026?
Based on GuruFocus' analysis, Hongkong Land Holdings stock appears to be overvalued.
The current stock price of $39.43 is trading 168.3% above its estimated GF Value™ of $14.70.
GuruFocus considers Hongkong Land Holdings to be Significantly Overvalued.
Key valuation signals for HNGKY:
ROC (Joel Greenblatt) %: 152.30% (256% above median its 10-year median of 42.84)
GF Value™: $14.70 vs. price of $39.43 (168.3% above fair value)
Industry Position: 1071.5% above the Real Estate median (#337 of 1749)
No single metric tells the full story. See the HNGKY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hongkong Land is a property investor focusing on holding prime commercial assets in Hong Kong, mainland China, and Singapore. It is the largest office landlord in Hong Kong's Central Business District, and the second largest in Hong Kong overall. The Central portfolio includes 4.0 million square feet of office space and 0.5 million square feet of retail area. The company is also expanding its fund management business to build a recurring stream of fee income. Hongkong Land is dual listed on the London Stock Exchange and the Singapore Exchange. Jardine Matheson Holdings owns 53% of the company.
51GF Score
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