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Argosy PropertyIGPYF 69 ROC (Joel Greenblatt) % is 592.94% as of Mar. 2026, which is 35% below its 10-year median of 905.79. GuruFocus rates IGPYF with a GF Score™ of 69/100 and a GF Value™ of $0.75. The stock has 9 warning signs investors should review. Among 576 REITs companies, Argosy Property ranks better than 77.6% 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. Argosy Property's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 592.94%.
The historical rank and industry rank for Argosy Property's ROC (Joel Greenblatt) % or its related term are showing as below:
IGPYF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -17030.77 Med: 905.79 Max: 9818.86
Current: 1124.05
During the past 13 years, Argosy Property's highest ROC (Joel Greenblatt) % was 9818.86%. The lowest was -17030.77%. And the median was 905.79%.
IGPYF's ROC (Joel Greenblatt) % is ranked better than 77.6% of 576
companies
in the REITs industry
Industry Median: 174.08
vs IGPYF: 1124.05
Argosy Property'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.
Argosy Property ROC (Joel Greenblatt) % Related Terms
Argosy Property ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Argosy Property'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.
IGPYF vs VICI, WPC, BNL: ROC (Joel Greenblatt) % Comparison
For the REIT - Diversified subindustry, Argosy Property'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.
Argosy Property ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Argosy Property's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Argosy Property'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 (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 592.94% mean?
Argosy Property (IGPYF) has a ROC (Joel Greenblatt) % of 592.94% 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 Argosy Property and its competitors. This is 35% below median its historical median of 905.79. According to the industry distribution chart, Argosy Property ranks #129 out of 576 companies in the REITs industry, placing it in the top 22.4%.
Is Argosy Property's ROC (Joel Greenblatt) % too high?
Argosy Property's current ROC (Joel Greenblatt) % of 592.94% is 35% below median its 10-year median of 905.79. The REITs industry median ROC (Joel Greenblatt) % is 174.08. Argosy Property's value of 592.94% is 240.6% above this industry median. Based on the distribution chart, Argosy Property ranks #129 out of 576 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Argosy Property has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Argosy Property's ROC (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, Argosy Property ranks #129 out of 576 companies for ROC (Joel Greenblatt) %. This places Argosy Property in the top 22% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 174.08. Argosy Property's value of 592.94% is 240.6% above this benchmark. While the company's 10-year median is 905.79 vs. the industry median of 174.08, Argosy Property 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 174.08, based on 576 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. Argosy Property's current ROC (Joel Greenblatt) % of 592.94% is 240.6% 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 Argosy Property and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 174.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argosy Property's current ROC (Joel Greenblatt) % is 592.94%, which is 35% below median its own 10-year median of 905.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argosy Property stock overvalued right now?
Argosy Property (IGPYF) has a current ROC (Joel Greenblatt) % of 592.94%. The stock's GF Value™ is $0.75, compared to a current price of $0.75 — trading right at its estimated fair value. The current ROC (Joel Greenblatt) % is 592.94%, which is 35% below median its 10-year median of 905.79 and 240.6% above the REITs industry median of 174.08. Argosy Property's overall GF Score™ is 69/100 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 Argosy Property (IGPYF), the current ROC (Joel Greenblatt) % is 592.94% 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 Argosy Property (IGPYF) Overvalued in 2026?
Based on GuruFocus' analysis, Argosy Property stock appears to be undervalued.
The current stock price of $0.75 is trading 0% below its estimated GF Value™ of $0.75.
Key valuation signals for IGPYF:
ROC (Joel Greenblatt) %: 592.94% (35% below median its 10-year median of 905.79)
GF Value™: $0.75 vs. price of $0.75 (0% below fair value)
Industry Position: 240.6% above the REITs median (#129 of 576)
No single metric tells the full story. See the IGPYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Argosy Property Ltd's business activity is to invest in and actively manage properties, including Industrial, Office, and Large Format Retail properties, predominantly in Auckland and New Zealand. The company's portfolio is centered on the Auckland and Wellington markets and is diversified by industrial, office, and large-format retail property segments. The company's industrial portfolio includes logistics warehouses, distribution centers, and other corporate or owner-operated businesses. Its office portfolio consists of house government departments and both local and international businesses. Its retail portfolio contains retail stores in large format, convenience centers, and entertainment venues.
69GF Score
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