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. Japan Prime Realty Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.03%.
The historical rank and industry rank for Japan Prime Realty Investment's ROC (Joel Greenblatt) % or its related term are showing as below:
JPRRF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.54 Med: 3.84 Max: 4.44
Current: 4.41
During the past 13 years, Japan Prime Realty Investment's highest ROC (Joel Greenblatt) % was 4.44%. The lowest was 3.54%. And the median was 3.84%.
JPRRF's ROC (Joel Greenblatt) % is ranked worse than 76.83% of 587
companies
in the REITs industry
Industry Median: 174.41
vs JPRRF: 4.41
Japan Prime Realty Investment (OTCPK:JPRRF) 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.
Japan Prime Realty Investment ROC (Joel Greenblatt) % Chart
JPRRF vs VICI, WPC: ROC (Joel Greenblatt) % Comparison
For the REIT - Diversified subindustry, Japan Prime Realty Investment'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.
Japan Prime Realty Investment ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Japan Prime Realty Investment's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Japan Prime Realty Investment's ROC (Joel Greenblatt) % falls into.
Japan Prime Realty Investment 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 (Dec. 2025) 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 4.03% mean?
Japan Prime Realty Investment (JPRRF) has a ROC (Joel Greenblatt) % of 4.03% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Japan Prime Realty Investment and its competitors. This is near median its historical median of 3.84. Over the past decade, Japan Prime Realty Investment's ROC (Joel Greenblatt) % has ranged from 3.54 to 4.44. According to the industry distribution chart, Japan Prime Realty Investment ranks #451 out of 587 companies in the REITs industry, placing it in the top 76.8%.
Is Japan Prime Realty Investment's ROC (Joel Greenblatt) % too high?
Japan Prime Realty Investment's current ROC (Joel Greenblatt) % of 4.03% is near median its 10-year median of 3.84. Over the past 10 years, this metric has ranged from a low of 3.54 to a high of 4.44. The REITs industry median ROC (Joel Greenblatt) % is 174.41. Japan Prime Realty Investment's value of 4.03% is 97.7% below this industry median. Based on the distribution chart, Japan Prime Realty Investment ranks #451 out of 587 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Japan Prime Realty Investment has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Japan Prime Realty Investment's ROC (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, Japan Prime Realty Investment ranks #451 out of 587 companies for ROC (Joel Greenblatt) %. This places Japan Prime Realty Investment in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 174.41. Japan Prime Realty Investment's value of 4.03% is 97.7% below this benchmark. Historically, Japan Prime Realty Investment's own ROC (Joel Greenblatt) % has ranged from 3.54 to 4.44 over the past decade. While the company's 10-year median is 3.84 vs. the industry median of 174.41, Japan Prime Realty Investment 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 174.41, based on 587 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. Japan Prime Realty Investment's current ROC (Joel Greenblatt) % of 4.03% is 97.7% 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 Japan Prime Realty Investment and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 174.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Prime Realty Investment's current ROC (Joel Greenblatt) % is 4.03%, which is near median its own 10-year median of 3.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Prime Realty Investment stock overvalued right now?
Japan Prime Realty Investment (JPRRF) has a current ROC (Joel Greenblatt) % of 4.03%. The stock's GF Value™ is $592.26, compared to a current price of $614.57 — trading 3.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 4.03%, which is near median its 10-year median of 3.84 and 97.7% below the REITs industry median of 174.41. Japan Prime Realty Investment's overall GF Score™ is 70/100 with 4 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 Japan Prime Realty Investment (JPRRF), the current ROC (Joel Greenblatt) % is 4.03% as of Dec. 2025. 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 Japan Prime Realty Investment (JPRRF) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Prime Realty Investment stock appears to be overvalued.
The current stock price of $614.57 is trading 3.8% above its estimated GF Value™ of $592.26.
Key valuation signals for JPRRF:
ROC (Joel Greenblatt) %: 4.03% (near median its 10-year median of 3.84)
GF Value™: $592.26 vs. price of $614.57 (3.8% above fair value)
Industry Position: 97.7% below the REITs median (#451 of 587)
No single metric tells the full story. See the JPRRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Prime Realty Investment Business Description
Japan Prime Realty Investment Corporation, or JPR, is a Japanese real estate investment trust involved in the ownership of properties in the Greater Tokyo region. The majority of JPR's real estate portfolio is comprised of office buildings, with retail properties making up the rest of the company's holdings. The vast majority of JPR's assets are in the Tokyo metropolitan area, which are mostly concentrated in Central Tokyo. The company generates nearly all of its revenue through collecting funds from investors, investing that money into real estate properties, and then collecting rental income from those properties. Its collection of tenants is fairly evenly distributed among service, information and communication, manufacturing, finance, retail, and real estate companies.
70GF Score
Get the complete analysis for JPRRF
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JPRRF has been successfully added to your 
