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Japan Real Estate InvestmentJREIF 71 ROC (Joel Greenblatt) % is 3.77% as of Mar. 2026, which is 6% above its 10-year median of 3.56. GuruFocus rates JREIF with a GF Score™ of 71/100 and a GF Value™ of $786.20 (Fairly Valued). The stock has 6 warning signs investors should review. Among 584 REITs companies, Japan Real Estate Investment ranks worse than 81.85% 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. Japan Real Estate Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.77%.
The historical rank and industry rank for Japan Real Estate Investment's ROC (Joel Greenblatt) % or its related term are showing as below:
JREIF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.88 Med: 3.56 Max: 4.02
Current: 3.79
During the past 13 years, Japan Real Estate Investment's highest ROC (Joel Greenblatt) % was 4.02%. The lowest was 2.88%. And the median was 3.56%.
JREIF's ROC (Joel Greenblatt) % is ranked worse than 81.85% of 584
companies
in the REITs industry
Industry Median: 178.7
vs JREIF: 3.79
Japan Real Estate Investment (OTCPK:JREIF) 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 Real Estate Investment ROC (Joel Greenblatt) % Chart
JREIF vs BXP, ARE, VNO: ROC (Joel Greenblatt) % Comparison
For the REIT - Office subindustry, Japan Real Estate 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 Real Estate Investment ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Japan Real Estate Investment's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Japan Real Estate Investment's ROC (Joel Greenblatt) % falls into.
Japan Real Estate 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 (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 3.77% mean?
Japan Real Estate Investment (JREIF) has a ROC (Joel Greenblatt) % of 3.77% 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 Japan Real Estate Investment and its competitors. This is near median its historical median of 3.56. Over the past decade, Japan Real Estate Investment's ROC (Joel Greenblatt) % has ranged from 2.88 to 4.02. According to the industry distribution chart, Japan Real Estate Investment ranks #478 out of 584 companies in the REITs industry, placing it in the top 81.8%.
Is Japan Real Estate Investment's ROC (Joel Greenblatt) % too high?
Japan Real Estate Investment's current ROC (Joel Greenblatt) % of 3.77% is near median its 10-year median of 3.56. Over the past 10 years, this metric has ranged from a low of 2.88 to a high of 4.02. The REITs industry median ROC (Joel Greenblatt) % is 178.70. Japan Real Estate Investment's value of 3.77% is 97.9% below this industry median. Based on the distribution chart, Japan Real Estate Investment ranks #478 out of 584 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Japan Real Estate Investment has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Real Estate Investment's ROC (Joel Greenblatt) % compare to BXP and ARE?
According to the REITs industry distribution chart, Japan Real Estate Investment ranks #478 out of 584 companies for ROC (Joel Greenblatt) %. This places Japan Real Estate Investment in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 178.70. Japan Real Estate Investment's value of 3.77% is 97.9% below this benchmark. Historically, Japan Real Estate Investment's own ROC (Joel Greenblatt) % has ranged from 2.88 to 4.02 over the past decade. While the company's 10-year median is 3.56 vs. the industry median of 178.70, Japan Real Estate 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 178.70, based on 584 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 Real Estate Investment's current ROC (Joel Greenblatt) % of 3.77% is 97.9% 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 Real Estate Investment and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 178.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Real Estate Investment's current ROC (Joel Greenblatt) % is 3.77%, which is near median its own 10-year median of 3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Real Estate Investment stock overvalued right now?
Based on GuruFocus' analysis, Japan Real Estate Investment (JREIF) is currently considered Fairly Valued. The stock's GF Value™ is $786.20, compared to a current price of $731.00 — trading 7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 3.77%, which is near median its 10-year median of 3.56 and 97.9% below the REITs industry median of 178.70. Japan Real Estate Investment's overall GF Score™ is 71/100 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 Japan Real Estate Investment (JREIF), the current ROC (Joel Greenblatt) % is 3.77% 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 Japan Real Estate Investment (JREIF) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Real Estate Investment stock appears to be undervalued.
The current stock price of $731.00 is trading 7% below its estimated GF Value™ of $786.20.
GuruFocus considers Japan Real Estate Investment to be Fairly Valued.
Key valuation signals for JREIF:
ROC (Joel Greenblatt) %: 3.77% (near median its 10-year median of 3.56)
GF Value™: $786.20 vs. price of $731.00 (7% below fair value)
Industry Position: 97.9% below the REITs median (#478 of 584)
No single metric tells the full story. See the JREIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Real Estate Investment Corp, or J-REIT, is a Japanese real estate investment trust that invests in, owns, and leases office properties. The vast majority of the company's real estate portfolio is located within Tokyo's 23 wards and the Tokyo metropolitan area in terms of total value. Within this area, J-REIT's offices reside within the Tokyo central business district. The company derives nearly all of its income in the form of rental revenue from the leasing of its office properties. While J-REIT tenants hail from a diverse assortment of industries, firms from the service, information services, electric devices, and financial services industries are its customers.
71GF Score
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