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LondonMetric PropertyLSE:LMP -0.11%77 ROC (Joel Greenblatt) % is 1,920.16% as of Mar. 2026, which is 31% below its 10-year median of 2,785.79. GuruFocus rates LSE:LMP with a GF Score™ of 77/100 and a GF Value™ of £2.24 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 586 REITs companies, LondonMetric Property ranks better than 82.94% 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. LondonMetric Property's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,920.16%.
The historical rank and industry rank for LondonMetric Property's ROC (Joel Greenblatt) % or its related term are showing as below:
LSE:LMP'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -39841.67 Med: 2785.79 Max: 11103.45
Current: 1830.93
During the past 13 years, LondonMetric Property's highest ROC (Joel Greenblatt) % was 11103.45%. The lowest was -39841.67%. And the median was 2785.79%.
LSE:LMP's ROC (Joel Greenblatt) % is ranked better than 82.94% of 586
companies
in the REITs industry
Industry Median: 180.645
vs LSE:LMP: 1830.93
LondonMetric Property'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.
LondonMetric Property ROC (Joel Greenblatt) % Related Terms
LondonMetric Property ROC (Joel Greenblatt) % Historical Data
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The historical data trend for LondonMetric Property'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.
LSE:LMP vs PLD, PSA, EXR: ROC (Joel Greenblatt) % Comparison
For the REIT - Industrial subindustry, LondonMetric Property'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.
LondonMetric Property ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, LondonMetric Property's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where LondonMetric Property'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 (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 1,920.16% mean?
LondonMetric Property (LSE:LMP) has a ROC (Joel Greenblatt) % of 1,920.16% 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 LondonMetric Property and its competitors. This is 31% below median its historical median of 2,785.79. According to the industry distribution chart, LondonMetric Property ranks #100 out of 586 companies in the REITs industry, placing it in the top 17.1%.
Is LondonMetric Property's ROC (Joel Greenblatt) % too high?
LondonMetric Property's current ROC (Joel Greenblatt) % of 1,920.16% is 31% below median its 10-year median of 2,785.79. The REITs industry median ROC (Joel Greenblatt) % is 180.65. LondonMetric Property's value of 1,920.16% is 962.9% above this industry median. Based on the distribution chart, LondonMetric Property ranks #100 out of 586 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, LondonMetric Property has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LondonMetric Property's ROC (Joel Greenblatt) % compare to PLD and PSA?
According to the REITs industry distribution chart, LondonMetric Property ranks #100 out of 586 companies for ROC (Joel Greenblatt) %. This places LondonMetric Property in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 180.65. LondonMetric Property's value of 1,920.16% is 962.9% above this benchmark. While the company's 10-year median is 2,785.79 vs. the industry median of 180.65, LondonMetric Property 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 180.65, based on 586 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. LondonMetric Property's current ROC (Joel Greenblatt) % of 1,920.16% is 962.9% 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 LondonMetric Property and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 180.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LondonMetric Property's current ROC (Joel Greenblatt) % is 1,920.16%, which is 31% below median its own 10-year median of 2,785.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LondonMetric Property stock overvalued right now?
Based on GuruFocus' analysis, LondonMetric Property (LSE:LMP) is currently considered Modestly Undervalued. The stock's GF Value™ is £2.24, compared to a current price of £1.89 — trading 15.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 1,920.16%, which is 31% below median its 10-year median of 2,785.79 and 962.9% above the REITs industry median of 180.65. LondonMetric Property's overall GF Score™ is 77/100 with 7 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 LondonMetric Property (LSE:LMP), the current ROC (Joel Greenblatt) % is 1,920.16% 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 LondonMetric Property (LSE:LMP) Overvalued in 2026?
Based on GuruFocus' analysis, LondonMetric Property stock appears to be undervalued.
The current stock price of £1.89 is trading 15.8% below its estimated GF Value™ of £2.24.
GuruFocus considers LondonMetric Property to be Modestly Undervalued.
Key valuation signals for LSE:LMP:
ROC (Joel Greenblatt) %: 1,920.16% (31% below median its 10-year median of 2,785.79)
GF Value™: £2.24 vs. price of £1.89 (15.8% below fair value)
Industry Position: 962.9% above the REITs median (#100 of 586)
No single metric tells the full story. See the LSE:LMP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LondonMetric Property PLC is a real estate company that is engaged in property investment and development across the United Kingdom. The Group operates predominantly in the United Kingdom.
77GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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