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Dipula PropertiesJSE:DIB -0.14%46 ROC (Joel Greenblatt) % is 1,391.31% as of Feb. 2026, which is 95% below its 10-year median of 28,882.47. GuruFocus rates JSE:DIB with a GF Score™ of 46/100 and a GF Value™ of R3.17 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 585 REITs companies, Dipula Properties ranks better than 82.05% 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. Dipula Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 1,391.31%.
The historical rank and industry rank for Dipula Properties's ROC (Joel Greenblatt) % or its related term are showing as below:
JSE:DIB'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1690.55 Med: 28882.47 Max: 59483.02
Current: 1690.55
During the past 13 years, Dipula Properties's highest ROC (Joel Greenblatt) % was 59483.02%. The lowest was 1690.55%. And the median was 28882.47%.
JSE:DIB's ROC (Joel Greenblatt) % is ranked better than 82.05% of 585
companies
in the REITs industry
Industry Median: 179.69
vs JSE:DIB: 1690.55
Dipula Properties's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 28.30% 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.
Dipula Properties ROC (Joel Greenblatt) % Related Terms
Dipula Properties ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Dipula Properties'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.
JSE:DIB vs SPG, O, KIM: ROC (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Dipula Properties'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.
Dipula Properties ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Dipula Properties's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dipula Properties'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 (Feb. 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 1,391.31% mean?
Dipula Properties (JSE:DIB) has a ROC (Joel Greenblatt) % of 1,391.31% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Dipula Properties and its competitors. This is 95% below median its historical median of 28,882.47. Over the past decade, Dipula Properties' ROC (Joel Greenblatt) % has ranged from 1,690.55 to 59,483.02. According to the industry distribution chart, Dipula Properties ranks #105 out of 585 companies in the REITs industry, placing it in the top 17.9%.
Is Dipula Properties' ROC (Joel Greenblatt) % too high?
Dipula Properties' current ROC (Joel Greenblatt) % of 1,391.31% is 95% below median its 10-year median of 28,882.47. Over the past 10 years, this metric has ranged from a low of 1,690.55 to a high of 59,483.02. The REITs industry median ROC (Joel Greenblatt) % is 179.69. Dipula Properties' value of 1,391.31% is 674.3% above this industry median. Based on the distribution chart, Dipula Properties ranks #105 out of 585 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Dipula Properties has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dipula Properties' ROC (Joel Greenblatt) % compare to SPG and O?
According to the REITs industry distribution chart, Dipula Properties ranks #105 out of 585 companies for ROC (Joel Greenblatt) %. This places Dipula Properties in the top 18% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 179.69. Dipula Properties' value of 1,391.31% is 674.3% above this benchmark. Historically, Dipula Properties' own ROC (Joel Greenblatt) % has ranged from 1,690.55 to 59,483.02 over the past decade. While the company's 10-year median is 28,882.47 vs. the industry median of 179.69, Dipula Properties 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 179.69, based on 585 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. Dipula Properties's current ROC (Joel Greenblatt) % of 1,391.31% is 674.3% 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 Dipula Properties and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 179.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dipula Properties's current ROC (Joel Greenblatt) % is 1,391.31%, which is 95% below median its own 10-year median of 28,882.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dipula Properties stock overvalued right now?
Based on GuruFocus' analysis, Dipula Properties (JSE:DIB) is currently considered Significantly Overvalued. The stock's GF Value™ is R3.17, compared to a current price of R7.13 — trading 124.9% above its estimated fair value. The current ROC (Joel Greenblatt) % is 1,391.31%, which is 95% below median its 10-year median of 28,882.47 and 674.3% above the REITs industry median of 179.69. Dipula Properties' overall GF Score™ is 46/100 with 10 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 Dipula Properties (JSE:DIB), the current ROC (Joel Greenblatt) % is 1,391.31% as of Feb. 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 Dipula Properties (JSE:DIB) Overvalued in 2026?
Based on GuruFocus' analysis, Dipula Properties stock appears to be overvalued.
The current stock price of R7.13 is trading 124.9% above its estimated GF Value™ of R3.17.
GuruFocus considers Dipula Properties to be Significantly Overvalued.
Key valuation signals for JSE:DIB:
ROC (Joel Greenblatt) %: 1,391.31% (95% below median its 10-year median of 28,882.47)
GF Value™: R3.17 vs. price of R7.13 (124.9% above fair value)
Industry Position: 674.3% above the REITs median (#105 of 585)
No single metric tells the full story. See the JSE:DIB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dipula Properties Ltd is a South Africa-based real estate investment trust that owns a diversified property portfolio comprising defensive urban, township, and rural community retail centres. In addition to retail assets, the company also owns mid-sized industrial and logistics properties, office properties in urban areas, and affordable residential rental assets located in economically active regions across South Africa. The company's operating segments include Retail, Offices, Industrial, Land, Residential, and Corporate. The majority of its revenue is derived from the Retail segment, which represents income generated from its portfolio of shopping centres. The majority of its properties are located in Gauteng.
46GF Score
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