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Independence Realty TrustIRT +0.06%70 ROC (Joel Greenblatt) % is 12.84% as of Jun. 2026, which is 86% below its 10-year median of 91.16. GuruFocus rates IRT with a GF Scoreâ„¢ of 70/100 and a GF Valueâ„¢ of $17.06 (Fairly Valued). The stock has 6 warning signs investors should review. Among 572 REITs companies, Independence Realty Trust ranks worse than 69.76% 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. Independence Realty Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 12.84%.
The historical rank and industry rank for Independence Realty Trust's ROC (Joel Greenblatt) % or its related term are showing as below:
IRT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.37 Med: 91.16 Max: 193.1
Current: 16.37
During the past 13 years, Independence Realty Trust's highest ROC (Joel Greenblatt) % was 193.10%. The lowest was 16.37%. And the median was 91.16%.
IRT's ROC (Joel Greenblatt) % is ranked worse than 69.76% of 572
companies
in the REITs industry
Industry Median: 179.2
vs IRT: 16.37
Independence Realty Trust'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.
Independence Realty Trust ROC (Joel Greenblatt) % Related Terms
Independence Realty Trust ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Independence Realty Trust'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.
IRT vs MRP, UMH, JAN: ROC (Joel Greenblatt) % Comparison
For the REIT - Residential subindustry, Independence Realty Trust'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.
Independence Realty Trust ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Independence Realty Trust's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Independence Realty Trust'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 four times the quarterly (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 12.84% mean?
Independence Realty Trust (IRT) has a ROC (Joel Greenblatt) % of 12.84% 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 Independence Realty Trust and its competitors. This is 86% below median its historical median of 91.16. Over the past decade, Independence Realty Trust's ROC (Joel Greenblatt) % has ranged from 16.37 to 193.10. According to the industry distribution chart, Independence Realty Trust ranks #399 out of 572 companies in the REITs industry, placing it in the top 69.8%.
Is Independence Realty Trust's ROC (Joel Greenblatt) % too high?
Independence Realty Trust's current ROC (Joel Greenblatt) % of 12.84% is 86% below median its 10-year median of 91.16. Over the past 10 years, this metric has ranged from a low of 16.37 to a high of 193.10. The REITs industry median ROC (Joel Greenblatt) % is 179.20. Independence Realty Trust's value of 12.84% is 92.8% below this industry median. Based on the distribution chart, Independence Realty Trust ranks #399 out of 572 companies in the REITs industry, which is below the industry midpoint. Overall, Independence Realty Trust has a GF Scoreâ„¢ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Independence Realty Trust's ROC (Joel Greenblatt) % compare to MRP and UMH?
According to the REITs industry distribution chart, Independence Realty Trust ranks #399 out of 572 companies for ROC (Joel Greenblatt) %. This places Independence Realty Trust in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 179.20. Independence Realty Trust's value of 12.84% is 92.8% below this benchmark. Historically, Independence Realty Trust's own ROC (Joel Greenblatt) % has ranged from 16.37 to 193.10 over the past decade. While the company's 10-year median is 91.16 vs. the industry median of 179.20, Independence Realty Trust 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 179.20, based on 572 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. Independence Realty Trust's current ROC (Joel Greenblatt) % of 12.84% is 92.8% 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 Independence Realty Trust and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 179.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Independence Realty Trust's current ROC (Joel Greenblatt) % is 12.84%, which is 86% below median its own 10-year median of 91.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independence Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Independence Realty Trust (IRT) is currently considered Fairly Valued. The stock's GF Value™ is $17.06, compared to a current price of $16.63 — trading 2.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 12.84%, which is 86% below median its 10-year median of 91.16 and 92.8% below the REITs industry median of 179.20. Independence Realty Trust's overall GF Score™ is 70/100 with 6 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 Independence Realty Trust (IRT), the current ROC (Joel Greenblatt) % is 12.84% 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 Independence Realty Trust (IRT) Overvalued in 2026?
Based on GuruFocus' analysis, Independence Realty Trust stock appears to be undervalued.
The current stock price of $16.63 is trading 2.5% below its estimated GF Value™ of $17.06.
GuruFocus considers Independence Realty Trust to be Fairly Valued.
Key valuation signals for IRT:
ROC (Joel Greenblatt) %: 12.84% (86% below median its 10-year median of 91.16)
GF Value™: $17.06 vs. price of $16.63 (2.5% below fair value)
Industry Position: 92.8% below the REITs median (#399 of 572)
No single metric tells the full story. See the IRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.
70GF Score
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