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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. PT Bakrieland Development Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.85%.
The historical rank and industry rank for PT Bakrieland Development Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:ELTY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -56.75 Med: -2.01 Max: 49.98
Current: 3.73
During the past 13 years, PT Bakrieland Development Tbk's highest ROC (Joel Greenblatt) % was 49.98%. The lowest was -56.75%. And the median was -2.01%.
ISX:ELTY's ROC (Joel Greenblatt) % is ranked worse than 68.42% of 1751
companies
in the Real Estate industry
Industry Median: 12.62
vs ISX:ELTY: 3.73
PT Bakrieland Development Tbk (ISX:ELTY) 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.
* 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.
PT Bakrieland Development Tbk ROC (Joel Greenblatt) % Chart
ISX:ELTY vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, PT Bakrieland Development Tbk'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.
PT Bakrieland Development Tbk ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PT Bakrieland Development Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Bakrieland Development Tbk's ROC (Joel Greenblatt) % falls into.
PT Bakrieland Development Tbk 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 four times the quarterly (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 0.85% mean?
PT Bakrieland Development Tbk (ISX:ELTY) has a ROC (Joel Greenblatt) % of 0.85% 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 PT Bakrieland Development Tbk and its competitors. According to the industry distribution chart, PT Bakrieland Development Tbk ranks #1198 out of 1751 companies in the Real Estate industry, placing it in the top 68.4%.
Is PT Bakrieland Development Tbk's ROC (Joel Greenblatt) % too high?
PT Bakrieland Development Tbk's current ROC (Joel Greenblatt) % is 0.85%. The Real Estate industry median ROC (Joel Greenblatt) % is 12.62. PT Bakrieland Development Tbk's value of 0.85% is 93.3% below this industry median. Based on the distribution chart, PT Bakrieland Development Tbk ranks #1198 out of 1751 companies in the Real Estate industry, which is below the industry midpoint. Overall, PT Bakrieland Development Tbk has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Bakrieland Development Tbk's ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, PT Bakrieland Development Tbk ranks #1198 out of 1751 companies for ROC (Joel Greenblatt) %. This places PT Bakrieland Development Tbk in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.62. PT Bakrieland Development Tbk's value of 0.85% is 93.3% below this benchmark. 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 12.62, based on 1,751 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. PT Bakrieland Development Tbk's current ROC (Joel Greenblatt) % of 0.85% is 93.3% 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 PT Bakrieland Development Tbk and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Bakrieland Development Tbk's current ROC (Joel Greenblatt) % is 0.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bakrieland Development Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bakrieland Development Tbk (ISX:ELTY) is currently considered Fairly Valued. The stock's GF Value™ is Rp23.94, compared to a current price of Rp23.00 — trading 3.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 0.85% and 93.3% below the Real Estate industry median of 12.62. PT Bakrieland Development Tbk's overall GF Score™ is 70/100 with 2 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 PT Bakrieland Development Tbk (ISX:ELTY), the current ROC (Joel Greenblatt) % is 0.85% 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 PT Bakrieland Development Tbk (ISX:ELTY) Overvalued in 2026?
Based on GuruFocus' analysis, PT Bakrieland Development Tbk stock appears to be undervalued.
The current stock price of Rp23.00 is trading 3.9% below its estimated GF Value™ of Rp23.94.
GuruFocus considers PT Bakrieland Development Tbk to be Fairly Valued.
Key valuation signals for ISX:ELTY:
ROC (Joel Greenblatt) %: 0.85%
GF Value™: Rp23.94 vs. price of Rp23.00 (3.9% below fair value)
Industry Position: 93.3% below the Real Estate median (#1198 of 1751)
No single metric tells the full story. See the ISX:ELTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Bakrieland Development Tbk Business Description
PT Bakrieland Development Tbk is a property development company. The company's operating segment are: Division I including Sales of land, residential, apartment/ condotel and office spaces; Division II consisting Rental and management of office, spaces, courts and membership fees; Division III consisting Hotel, food and beverages; Division IV includes Theme parks, and Division V represents Others. It generates maximum revenue from the Division II, Rental and management of office, spaces, courts and membership fees segment. Geographically, the company operates in Indonesia in Jakarta, Bogor, Yogyakarta, Lampung, and Sidoarjo.
70GF Score
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