Safestore HoldingsLSE:SAFE +0.76%79 ROC (Joel Greenblatt) % is 1,451.03% as of Apr. 2026, which is 80% below its 10-year median of 7,287.74. GuruFocus rates LSE:SAFE with a GF Score™ of 79/100 and a GF Value™ of £8.10 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 586 REITs companies, Safestore Holdings ranks better than 79.35% 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. Safestore Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 1,451.03%.
The historical rank and industry rank for Safestore Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
LSE:SAFE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1407.14 Med: 7287.74 Max: 15627.27
Current: 1407.14
During the past 13 years, Safestore Holdings's highest ROC (Joel Greenblatt) % was 15627.27%. The lowest was 1407.14%. And the median was 7287.74%.
LSE:SAFE's ROC (Joel Greenblatt) % is ranked better than 79.35% of 586
companies
in the REITs industry
Industry Median: 180.645
vs LSE:SAFE: 1407.14
Safestore Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -21.10% 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.
Safestore Holdings ROC (Joel Greenblatt) % Related Terms
Safestore Holdings ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Safestore Holdings'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:SAFE vs PLD, PSA, EXR: ROC (Joel Greenblatt) % Comparison
For the REIT - Industrial subindustry, Safestore Holdings'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.
Safestore Holdings ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Safestore Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Safestore Holdings'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 (Apr. 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 1,451.03% mean?
Safestore Holdings (LSE:SAFE) has a ROC (Joel Greenblatt) % of 1,451.03% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Safestore Holdings and its competitors. This is 80% below median its historical median of 7,287.74. Over the past decade, Safestore Holdings' ROC (Joel Greenblatt) % has ranged from 1,407.14 to 15,627.27. According to the industry distribution chart, Safestore Holdings ranks #121 out of 586 companies in the REITs industry, placing it in the top 20.6%.
Is Safestore Holdings' ROC (Joel Greenblatt) % too high?
Safestore Holdings' current ROC (Joel Greenblatt) % of 1,451.03% is 80% below median its 10-year median of 7,287.74. Over the past 10 years, this metric has ranged from a low of 1,407.14 to a high of 15,627.27. The REITs industry median ROC (Joel Greenblatt) % is 180.65. Safestore Holdings' value of 1,451.03% is 703.2% above this industry median. Based on the distribution chart, Safestore Holdings ranks #121 out of 586 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Safestore Holdings has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Safestore Holdings' ROC (Joel Greenblatt) % compare to PLD and PSA?
According to the REITs industry distribution chart, Safestore Holdings ranks #121 out of 586 companies for ROC (Joel Greenblatt) %. This places Safestore Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 180.65. Safestore Holdings' value of 1,451.03% is 703.2% above this benchmark. Historically, Safestore Holdings' own ROC (Joel Greenblatt) % has ranged from 1,407.14 to 15,627.27 over the past decade. While the company's 10-year median is 7,287.74 vs. the industry median of 180.65, Safestore Holdings 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. Safestore Holdings's current ROC (Joel Greenblatt) % of 1,451.03% is 703.2% 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 Safestore Holdings 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. Safestore Holdings's current ROC (Joel Greenblatt) % is 1,451.03%, which is 80% below median its own 10-year median of 7,287.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safestore Holdings stock overvalued right now?
Based on GuruFocus' analysis, Safestore Holdings (LSE:SAFE) is currently considered Modestly Undervalued. The stock's GF Value™ is £8.10, compared to a current price of £6.00 — trading 25.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 1,451.03%, which is 80% below median its 10-year median of 7,287.74 and 703.2% above the REITs industry median of 180.65. Safestore Holdings' overall GF Score™ is 79/100 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 Safestore Holdings (LSE:SAFE), the current ROC (Joel Greenblatt) % is 1,451.03% as of Apr. 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 Safestore Holdings (LSE:SAFE) Overvalued in 2026?
Based on GuruFocus' analysis, Safestore Holdings stock appears to be undervalued.
The current stock price of £6.00 is trading 25.9% below its estimated GF Value™ of £8.10.
GuruFocus considers Safestore Holdings to be Modestly Undervalued.
Key valuation signals for LSE:SAFE:
ROC (Joel Greenblatt) %: 1,451.03% (80% below median its 10-year median of 7,287.74)
GF Value™: £8.10 vs. price of £6.00 (25.9% below fair value)
Industry Position: 703.2% above the REITs median (#121 of 586)
No single metric tells the full story. See the LSE:SAFE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safestore Holdings PLC is a real estate investment trust that owns and leases storage space located in Paris and the United Kingdom. The company focuses on provision of self-storage accommodation and related services. The company operates in three segments based on geographical areas, being the United Kingdom, Paris in France and Expansion Markets (Spain, the Netherlands and Belgium). It also derives revenue from the rental of self-storage space and the sale of ancillary products such as StoreProtect and merchandise (e.g. packing materials and padlocks).
79GF Score
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