Exemplar REITailJSE:EXP 73 ROC (Joel Greenblatt) % is 746.18% as of Feb. 2026, which is 91% below its 10-year median of 8,439.86. GuruFocus rates JSE:EXP with a GF Score™ of 73/100 and a GF Value™ of R15.71 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 587 REITs companies, Exemplar REITail ranks better than 67.63% 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. Exemplar REITail's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 746.18%.
The historical rank and industry rank for Exemplar REITail's ROC (Joel Greenblatt) % or its related term are showing as below:
JSE:EXP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 442.01 Med: 8439.86 Max: 853161.54
Current: 572.35
During the past 11 years, Exemplar REITail's highest ROC (Joel Greenblatt) % was 853161.54%. The lowest was 442.01%. And the median was 8439.86%.
JSE:EXP's ROC (Joel Greenblatt) % is ranked better than 67.63% of 587
companies
in the REITs industry
Industry Median: 177.71
vs JSE:EXP: 572.35
Exemplar REITail's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -51.60% 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.
Exemplar REITail ROC (Joel Greenblatt) % Related Terms
Exemplar REITail ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Exemplar REITail'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:EXP vs SPG, O, KIM: ROC (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Exemplar REITail'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.
Exemplar REITail ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Exemplar REITail's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Exemplar REITail'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 746.18% mean?
Exemplar REITail (JSE:EXP) has a ROC (Joel Greenblatt) % of 746.18% 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 Exemplar REITail and its competitors. This is 91% below median its historical median of 8,439.86. Over the past decade, Exemplar REITail's ROC (Joel Greenblatt) % has ranged from 442.01 to 853,161.54. According to the industry distribution chart, Exemplar REITail ranks #190 out of 587 companies in the REITs industry, placing it in the top 32.4%.
Is Exemplar REITail's ROC (Joel Greenblatt) % too high?
Exemplar REITail's current ROC (Joel Greenblatt) % of 746.18% is 91% below median its 10-year median of 8,439.86. Over the past 10 years, this metric has ranged from a low of 442.01 to a high of 853,161.54. The REITs industry median ROC (Joel Greenblatt) % is 177.71. Exemplar REITail's value of 746.18% is 319.9% above this industry median. Based on the distribution chart, Exemplar REITail ranks #190 out of 587 companies in the REITs industry, which is above the industry midpoint. Overall, Exemplar REITail has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Exemplar REITail's ROC (Joel Greenblatt) % compare to SPG and O?
According to the REITs industry distribution chart, Exemplar REITail ranks #190 out of 587 companies for ROC (Joel Greenblatt) %. This puts Exemplar REITail in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 177.71. Exemplar REITail's value of 746.18% is 319.9% above this benchmark. Historically, Exemplar REITail's own ROC (Joel Greenblatt) % has ranged from 442.01 to 853,161.54 over the past decade. While the company's 10-year median is 8,439.86 vs. the industry median of 177.71, Exemplar REITail 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 177.71, 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. Exemplar REITail's current ROC (Joel Greenblatt) % of 746.18% is 319.9% 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 Exemplar REITail and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 177.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exemplar REITail's current ROC (Joel Greenblatt) % is 746.18%, which is 91% below median its own 10-year median of 8,439.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exemplar REITail stock overvalued right now?
Based on GuruFocus' analysis, Exemplar REITail (JSE:EXP) is currently considered Modestly Overvalued. The stock's GF Value™ is R15.71, compared to a current price of R18.00 — trading 14.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 746.18%, which is 91% below median its 10-year median of 8,439.86 and 319.9% above the REITs industry median of 177.71. Exemplar REITail's overall GF Score™ is 73/100 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 Exemplar REITail (JSE:EXP), the current ROC (Joel Greenblatt) % is 746.18% 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 Exemplar REITail (JSE:EXP) Overvalued in 2026?
Based on GuruFocus' analysis, Exemplar REITail stock appears to be overvalued.
The current stock price of R18.00 is trading 14.6% above its estimated GF Value™ of R15.71.
GuruFocus considers Exemplar REITail to be Modestly Overvalued.
Key valuation signals for JSE:EXP:
ROC (Joel Greenblatt) %: 746.18% (91% below median its 10-year median of 8,439.86)
GF Value™: R15.71 vs. price of R18.00 (14.6% above fair value)
Industry Position: 319.9% above the REITs median (#190 of 587)
No single metric tells the full story. See the JSE:EXP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Exemplar REITail Ltd is a real estate investment trust which develops, owns and manages township and rural retail real estate. The company is the only fund in the country focused purely on retail in under-serviced areas that offers stakeholders investment opportunities. The company's retail segments based on geography consist of Gauteng, Mpumalanga, KwaZulu-Natal, Limpopo, Eastern and Western Cape.
73GF Score
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