Kiwi Property GroupKWIPF 41 ROC (Joel Greenblatt) % is 59.81% as of Mar. 2026, which is 42% below its 10-year median of 103.62. GuruFocus rates KWIPF with a GF Score™ of 41/100 and a GF Value™ of $0.48 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 587 REITs companies, Kiwi Property Group ranks worse than 60.65% 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. Kiwi Property Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 59.81%.
The historical rank and industry rank for Kiwi Property Group's ROC (Joel Greenblatt) % or its related term are showing as below:
KWIPF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3144.01 Med: 103.62 Max: 21266.3
Current: 67.25
During the past 12 years, Kiwi Property Group's highest ROC (Joel Greenblatt) % was 21266.30%. The lowest was -3144.01%. And the median was 103.62%.
KWIPF's ROC (Joel Greenblatt) % is ranked worse than 60.65% of 587
companies
in the REITs industry
Industry Median: 174.41
vs KWIPF: 67.25
Kiwi Property Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Kiwi Property Group (OTCPK:KWIPF) 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.
Kiwi Property Group ROC (Joel Greenblatt) % Related Terms
Kiwi Property Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Kiwi Property Group'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.
KWIPF vs VICI, WPC, BNL: ROC (Joel Greenblatt) % Comparison
For the REIT - Diversified subindustry, Kiwi Property Group'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.
Kiwi Property Group ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Kiwi Property Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kiwi Property Group's ROC (Joel Greenblatt) % falls into.
Kiwi Property Group 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 (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 59.81% mean?
Kiwi Property Group (KWIPF) has a ROC (Joel Greenblatt) % of 59.81% 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 Kiwi Property Group and its competitors. This is 42% below median its historical median of 103.62. According to the industry distribution chart, Kiwi Property Group ranks #356 out of 587 companies in the REITs industry, placing it in the top 60.6%.
Is Kiwi Property Group's ROC (Joel Greenblatt) % too high?
Kiwi Property Group's current ROC (Joel Greenblatt) % of 59.81% is 42% below median its 10-year median of 103.62. The REITs industry median ROC (Joel Greenblatt) % is 174.41. Kiwi Property Group's value of 59.81% is 65.7% below this industry median. Based on the distribution chart, Kiwi Property Group ranks #356 out of 587 companies in the REITs industry, which is below the industry midpoint. Overall, Kiwi Property Group has a GF Score™ of 41/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kiwi Property Group's ROC (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, Kiwi Property Group ranks #356 out of 587 companies for ROC (Joel Greenblatt) %. This places Kiwi Property Group in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 174.41. Kiwi Property Group's value of 59.81% is 65.7% below this benchmark. While the company's 10-year median is 103.62 vs. the industry median of 174.41, Kiwi Property Group 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 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. Kiwi Property Group's current ROC (Joel Greenblatt) % of 59.81% is 65.7% 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 Kiwi Property Group 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. Kiwi Property Group's current ROC (Joel Greenblatt) % is 59.81%, which is 42% below median its own 10-year median of 103.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kiwi Property Group stock overvalued right now?
Based on GuruFocus' analysis, Kiwi Property Group (KWIPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.48, compared to a current price of $0.54 — trading 12.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 59.81%, which is 42% below median its 10-year median of 103.62 and 65.7% below the REITs industry median of 174.41. Kiwi Property Group's overall GF Score™ is 41/100 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 Kiwi Property Group (KWIPF), the current ROC (Joel Greenblatt) % is 59.81% 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 Kiwi Property Group (KWIPF) Overvalued in 2026?
Based on GuruFocus' analysis, Kiwi Property Group stock appears to be overvalued.
The current stock price of $0.54 is trading 12.5% above its estimated GF Value™ of $0.48.
GuruFocus considers Kiwi Property Group to be Modestly Overvalued.
Key valuation signals for KWIPF:
ROC (Joel Greenblatt) %: 59.81% (42% below median its 10-year median of 103.62)
GF Value™: $0.48 vs. price of $0.54 (12.5% above fair value)
Industry Position: 65.7% below the REITs median (#356 of 587)
No single metric tells the full story. See the KWIPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kiwi Property Group Ltd is a New Zealand-based company involved in the real estate business. It owns and manages a high-quality real estate portfolio, including some of the country's key commercial properties. Its portfolio comprises office properties, retail-led mixed-use assets, and large landholdings, strategically positioned in areas marked for densification, close to transport nodes. The Group's reportable segments are: Retail-led mixed-use, Office, Development land, and Other. The majority of its revenue is derived from the Retail-led mixed-use assets, which comprise large-scale properties anchored by retail tenancies, which may have complementary uses such as office, residential, or other non-retail components that support the asset's overall performance.
41GF Score
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