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. Killam Apartment Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3,230.45%.
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.
KMMPF vs AVB, EQR, ESS: ROC (Joel Greenblatt) % Comparison
For the REIT - Residential subindustry, Killam Apartment Real Estate Investment Trust'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.
Killam Apartment Real Estate Investment Trust ROC (Joel Greenblatt) % vs REITs Industry
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 four times the quarterly (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 3,230.45% mean?
Killam Apartment Real Estate Investment Trust (KMMPF) has a ROC (Joel Greenblatt) % of 3,230.45% 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 Killam Apartment Real Estate Investment Trust and its competitors. This is 11% below median its historical median of 3,632.00. Over the past decade, Killam Apartment Real Estate Investment Trust's ROC (Joel Greenblatt) % has ranged from 649.33 to 5,764.78. According to the industry distribution chart, Killam Apartment Real Estate Investment Trust ranks #175 out of 587 companies in the REITs industry, placing it in the top 29.8%.
Is Killam Apartment Real Estate Investment Trust's ROC (Joel Greenblatt) % too high?
Killam Apartment Real Estate Investment Trust's current ROC (Joel Greenblatt) % of 3,230.45% is 11% below median its 10-year median of 3,632.00. Over the past 10 years, this metric has ranged from a low of 649.33 to a high of 5,764.78. The REITs industry median ROC (Joel Greenblatt) % is 174.41. Killam Apartment Real Estate Investment Trust's value of 3,230.45% is 1752.2% above this industry median. Based on the distribution chart, Killam Apartment Real Estate Investment Trust ranks #175 out of 587 companies in the REITs industry, which is above the industry midpoint. Overall, Killam Apartment Real Estate Investment Trust has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Killam Apartment Real Estate Investment Trust's ROC (Joel Greenblatt) % compare to AVB and EQR?
According to the REITs industry distribution chart, Killam Apartment Real Estate Investment Trust ranks #175 out of 587 companies for ROC (Joel Greenblatt) %. This puts Killam Apartment Real Estate Investment Trust in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 174.41. Killam Apartment Real Estate Investment Trust's value of 3,230.45% is 1752.2% above this benchmark. Historically, Killam Apartment Real Estate Investment Trust's own ROC (Joel Greenblatt) % has ranged from 649.33 to 5,764.78 over the past decade. While the company's 10-year median is 3,632.00 vs. the industry median of 174.41, Killam Apartment Real Estate Investment Trust 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 174.41, 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. Killam Apartment Real Estate Investment Trust's current ROC (Joel Greenblatt) % of 3,230.45% is 1752.2% 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 Killam Apartment Real Estate Investment Trust and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 174.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Killam Apartment Real Estate Investment Trust's current ROC (Joel Greenblatt) % is 3,230.45%, which is 11% below median its own 10-year median of 3,632.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Killam Apartment Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Killam Apartment Real Estate Investment Trust (KMMPF) is currently considered Fairly Valued. The stock's GF Value™ is $12.87, compared to a current price of $13.00 — trading 1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 3,230.45%, which is 11% below median its 10-year median of 3,632.00 and 1752.2% above the REITs industry median of 174.41. Killam Apartment Real Estate Investment Trust's overall GF Score™ is 70/100 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 Killam Apartment Real Estate Investment Trust (KMMPF), the current ROC (Joel Greenblatt) % is 3,230.45% 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 Killam Apartment Real Estate Investment Trust (KMMPF) Overvalued in 2026?
Based on GuruFocus' analysis, Killam Apartment Real Estate Investment Trust stock appears to be overvalued.
The current stock price of $13.00 is trading 1% above its estimated GF Value™ of $12.87.
GuruFocus considers Killam Apartment Real Estate Investment Trust to be Fairly Valued.
Key valuation signals for KMMPF:
ROC (Joel Greenblatt) %: 3,230.45% (11% below median its 10-year median of 3,632.00)
GF Value™: $12.87 vs. price of $13.00 (1% above fair value)
Industry Position: 1752.2% above the REITs median (#175 of 587)
No single metric tells the full story. See the KMMPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Killam Apartment Real Estate Investment Trust Business Description
Killam Apartment Real Estate Investment Trust is an open-ended mutual fund trust. The company specializes in acquiring, managing, and developing multi-residential apartment buildings, manufactured home communities (MHCs), and commercial properties in Canada. It has three reportable segments: Apartment, MHC, and Commercial. The Apartment segment generates maximum revenue and is engaged in acquiring, operating, managing, and developing multi-family residential properties across Canada. The MHC segment acquires and operates MHC communities in Ontario and Eastern Canada, and the Commercial segment acquires and operates stand-alone commercial properties in Ontario, Nova Scotia, and Prince Edward Island.
70GF Score
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