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Secure Property Development & InvestmentLSE:SPDI ROC (Joel Greenblatt) % is 0.00% as of Dec. 2025. The stock has 4 warning signs investors should review. Among 1,749 Real Estate companies, Secure Property Development & Investment ranks worse than 82.45% 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. Secure Property Development & Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.00%.
LSE:SPDI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -37601.16 Med: -4.96 Max: 395.27
Current: -8.86
During the past 13 years, Secure Property Development & Investment's highest ROC (Joel Greenblatt) % was 395.27%. The lowest was -37601.16%. And the median was -4.96%.
LSE:SPDI's ROC (Joel Greenblatt) % is ranked worse than 82.45% of 1749
companies
in the Real Estate industry
Industry Median: 12.88
vs LSE:SPDI: -8.86
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.
Secure Property Development & Investment ROC (Joel Greenblatt) % Chart
Secure Property Development & Investment Annual Data
LSE:SPDI vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, Secure Property Development & Investment'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.
Secure Property Development & Investment ROC (Joel Greenblatt) % vs Real Estate Industry
Secure Property Development & Investment 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 0.00% mean?
Secure Property Development & Investment (LSE:SPDI) has a ROC (Joel Greenblatt) % of 0.00% 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 Secure Property Development & Investment and its competitors. According to the industry distribution chart, Secure Property Development & Investment ranks #1442 out of 1749 companies in the Real Estate industry, placing it in the top 82.4%.
Is Secure Property Development & Investment's ROC (Joel Greenblatt) % too high?
Secure Property Development & Investment's current ROC (Joel Greenblatt) % is 0.00%. Based on the distribution chart, Secure Property Development & Investment ranks #1442 out of 1749 companies in the Real Estate industry, which is in the bottom quartile relative to peers.
How does Secure Property Development & Investment's ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Secure Property Development & Investment ranks #1442 out of 1749 companies for ROC (Joel Greenblatt) %. This places Secure Property Development & Investment in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.88. 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 12.88, based on 1,749 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. 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 Secure Property Development & Investment and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Secure Property Development & Investment's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secure Property Development & Investment stock overvalued right now?
Based on GuruFocus' analysis, Secure Property Development & Investment (LSE:SPDI) is currently considered Possible Value Trap. The stock's GF Value™ is £0.02, compared to a current price of £0.01 — trading 75% below its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. 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 Secure Property Development & Investment (LSE:SPDI), the current ROC (Joel Greenblatt) % is 0.00% 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.
Secure Property Development & Investment PLC is engaged in the acquisition, development, and management of real estate properties and projects. The company's operating segments include Warehouse, Residential, Land Plots, and Corporate.
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