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SAorate Real EstateJSE:SAC -0.81%70 ROC (Joel Greenblatt) % is 112.75% as of Dec. 2025, which is 74% below its 10-year median of 428.75. GuruFocus rates JSE:SAC with a GF Score™ of 70/100 and a GF Value™ of R2.29 (Significantly Overvalued). The stock has 13 warning signs investors should review. Among 584 REITs companies, SAorate Real Estate ranks worse than 52.74% 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. SAorate Real Estate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 112.75%.
The historical rank and industry rank for SAorate Real Estate's ROC (Joel Greenblatt) % or its related term are showing as below:
JSE:SAC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3094.59 Med: 428.75 Max: 3730.01
Current: 147.96
During the past 13 years, SAorate Real Estate's highest ROC (Joel Greenblatt) % was 3730.01%. The lowest was -3094.59%. And the median was 428.75%.
JSE:SAC's ROC (Joel Greenblatt) % is ranked worse than 52.74% of 584
companies
in the REITs industry
Industry Median: 179.775
vs JSE:SAC: 147.96
SAorate Real Estate's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
SAorate Real Estate (JSE:SAC) 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.
SAorate Real Estate ROC (Joel Greenblatt) % Related Terms
SAorate Real Estate ROC (Joel Greenblatt) % Historical Data
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The historical data trend for SAorate Real Estate'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:SAC vs VICI, WPC: ROC (Joel Greenblatt) % Comparison
For the REIT - Diversified subindustry, SAorate Real Estate'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.
SAorate Real Estate ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, SAorate Real Estate's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SAorate Real Estate's ROC (Joel Greenblatt) % falls into.
SAorate Real Estate 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 112.75% mean?
SAorate Real Estate (JSE:SAC) has a ROC (Joel Greenblatt) % of 112.75% 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 SAorate Real Estate and its competitors. This is 74% below median its historical median of 428.75. According to the industry distribution chart, SAorate Real Estate ranks #308 out of 584 companies in the REITs industry, placing it in the top 52.7%.
Is SAorate Real Estate's ROC (Joel Greenblatt) % too high?
SAorate Real Estate's current ROC (Joel Greenblatt) % of 112.75% is 74% below median its 10-year median of 428.75. The REITs industry median ROC (Joel Greenblatt) % is 179.78. SAorate Real Estate's value of 112.75% is 37.3% below this industry median. Based on the distribution chart, SAorate Real Estate ranks #308 out of 584 companies in the REITs industry, which is below the industry midpoint. Overall, SAorate Real Estate has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SAorate Real Estate's ROC (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, SAorate Real Estate ranks #308 out of 584 companies for ROC (Joel Greenblatt) %. This places SAorate Real Estate in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 179.78. SAorate Real Estate's value of 112.75% is 37.3% below this benchmark. While the company's 10-year median is 428.75 vs. the industry median of 179.78, SAorate Real Estate 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 179.78, 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. SAorate Real Estate's current ROC (Joel Greenblatt) % of 112.75% is 37.3% 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 SAorate Real Estate and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 179.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SAorate Real Estate's current ROC (Joel Greenblatt) % is 112.75%, which is 74% below median its own 10-year median of 428.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SAorate Real Estate stock overvalued right now?
Based on GuruFocus' analysis, SAorate Real Estate (JSE:SAC) is currently considered Significantly Overvalued. The stock's GF Value™ is R2.29, compared to a current price of R3.68 — trading 60.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 112.75%, which is 74% below median its 10-year median of 428.75 and 37.3% below the REITs industry median of 179.78. SAorate Real Estate's overall GF Score™ is 70/100 with 13 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 SAorate Real Estate (JSE:SAC), the current ROC (Joel Greenblatt) % is 112.75% 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 SAorate Real Estate (JSE:SAC) Overvalued in 2026?
Based on GuruFocus' analysis, SAorate Real Estate stock appears to be overvalued.
The current stock price of R3.68 is trading 60.7% above its estimated GF Value™ of R2.29.
GuruFocus considers SAorate Real Estate to be Significantly Overvalued.
Key valuation signals for JSE:SAC:
ROC (Joel Greenblatt) %: 112.75% (74% below median its 10-year median of 428.75)
GF Value™: R2.29 vs. price of R3.68 (60.7% above fair value)
Industry Position: 37.3% below the REITs median (#308 of 584)
No single metric tells the full story. See the JSE:SAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SA Corporate Real Estate Ltd is a real estate investment trust. The company's portfolio includes mostly industrial and retail properties, with the remainder of inner-city residential and commercial assets. The properties are mainly located in the metropolitan centres of South Africa, with more than half located in Gauteng, approximately one-third in KwaZulu-Natal, and the others in Western Cape and other regions. The company's tenants consist of large national tenants, government tenants and franchisees. Its reportable segments are Retail, Industrial, Commercial, Residential, and Corporate. The company generates the maximum of its revenue from the Residential segment.
70GF Score
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