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Hyprop InvestmentsJSE:HYP -0.19%63 ROC (Joel Greenblatt) % is 481.42% as of Dec. 2025, which is 94% above its 10-year median of 247.55. GuruFocus rates JSE:HYP with a GF Score™ of 63/100 and a GF Value™ of R25.93 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 571 REITs companies, Hyprop Investments ranks better than 63.05% 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. Hyprop Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 481.42%.
The historical rank and industry rank for Hyprop Investments's ROC (Joel Greenblatt) % or its related term are showing as below:
JSE:HYP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -654.03 Med: 247.55 Max: 1897.58
Current: 397.11
During the past 13 years, Hyprop Investments's highest ROC (Joel Greenblatt) % was 1897.58%. The lowest was -654.03%. And the median was 247.55%.
JSE:HYP's ROC (Joel Greenblatt) % is ranked better than 63.05% of 571
companies
in the REITs industry
Industry Median: 178.11
vs JSE:HYP: 397.11
Hyprop Investments's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Hyprop Investments ROC (Joel Greenblatt) % Related Terms
Hyprop Investments ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Hyprop Investments'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:HYP vs SPG, O, KIM: ROC (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Hyprop Investments'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.
Hyprop Investments ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Hyprop Investments's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hyprop Investments'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 (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 481.42% mean?
Hyprop Investments (JSE:HYP) has a ROC (Joel Greenblatt) % of 481.42% 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 Hyprop Investments and its competitors. This is 94% above median its historical median of 247.55. According to the industry distribution chart, Hyprop Investments ranks #211 out of 571 companies in the REITs industry, placing it in the top 37%.
Is Hyprop Investments' ROC (Joel Greenblatt) % too high?
Hyprop Investments' current ROC (Joel Greenblatt) % of 481.42% is 94% above median its 10-year median of 247.55. The REITs industry median ROC (Joel Greenblatt) % is 178.11. Hyprop Investments' value of 481.42% is 170.3% above this industry median. Based on the distribution chart, Hyprop Investments ranks #211 out of 571 companies in the REITs industry, which is above the industry midpoint. Overall, Hyprop Investments has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hyprop Investments' ROC (Joel Greenblatt) % compare to SPG and O?
According to the REITs industry distribution chart, Hyprop Investments ranks #211 out of 571 companies for ROC (Joel Greenblatt) %. This puts Hyprop Investments in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 178.11. Hyprop Investments' value of 481.42% is 170.3% above this benchmark. While the company's 10-year median is 247.55 vs. the industry median of 178.11, Hyprop Investments 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 178.11, based on 571 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. Hyprop Investments's current ROC (Joel Greenblatt) % of 481.42% is 170.3% 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 Hyprop Investments and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 178.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hyprop Investments's current ROC (Joel Greenblatt) % is 481.42%, which is 94% above median its own 10-year median of 247.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hyprop Investments stock overvalued right now?
Based on GuruFocus' analysis, Hyprop Investments (JSE:HYP) is currently considered Significantly Overvalued. The stock's GF Value™ is R25.93, compared to a current price of R59.00 — trading 127.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 481.42%, which is 94% above median its 10-year median of 247.55 and 170.3% above the REITs industry median of 178.11. Hyprop Investments' overall GF Score™ is 63/100 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 Hyprop Investments (JSE:HYP), the current ROC (Joel Greenblatt) % is 481.42% 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 Hyprop Investments (JSE:HYP) Overvalued in 2026?
Based on GuruFocus' analysis, Hyprop Investments stock appears to be overvalued.
The current stock price of R59.00 is trading 127.5% above its estimated GF Value™ of R25.93.
GuruFocus considers Hyprop Investments to be Significantly Overvalued.
Key valuation signals for JSE:HYP:
ROC (Joel Greenblatt) %: 481.42% (94% above median its 10-year median of 247.55)
GF Value™: R25.93 vs. price of R59.00 (127.5% above fair value)
Industry Position: 170.3% above the REITs median (#211 of 571)
No single metric tells the full story. See the JSE:HYP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hyprop Investments Ltd is a retail-focused real estate investment trust. It owns and manages a portfolio of retail centres in mixed-use precincts, located in prime economic nodes in South Africa and Eastern Europe. It focuses on creating spaces and connecting people. The company's business segments include: South Africa, Eastern Europe, and Sub-Saharan Africa. The company generates the majority of its revenue in the form of lease revenue, prominently from the South Africa segment.
63GF Score
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