Retail EstatesLTS:0FSO 71 ROC (Joel Greenblatt) % is 1,803.43% as of Mar. 2026, which is 9% above its 10-year median of 1,657.81. GuruFocus rates LTS:0FSO with a GF Score™ of 71/100 and a GF Value™ of €67.76 (Fairly Valued). The stock has 9 warning signs investors should review. Among 586 REITs companies, Retail Estates ranks better than 79.86% 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. Retail Estates's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,803.43%.
The historical rank and industry rank for Retail Estates's ROC (Joel Greenblatt) % or its related term are showing as below:
LTS:0FSO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 766.64 Med: 1657.81 Max: 3834.17
Current: 1409.54
During the past 13 years, Retail Estates's highest ROC (Joel Greenblatt) % was 3834.17%. The lowest was 766.64%. And the median was 1657.81%.
LTS:0FSO's ROC (Joel Greenblatt) % is ranked better than 79.86% of 586
companies
in the REITs industry
Industry Median: 176.06
vs LTS:0FSO: 1409.54
Retail Estates's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.80% 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.
Retail Estates ROC (Joel Greenblatt) % Related Terms
Retail Estates ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Retail Estates'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.
LTS:0FSO vs SPG, O, KIM: ROC (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Retail Estates'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.
Retail Estates ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Retail Estates's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Retail Estates'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 1,803.43% mean?
Retail Estates (LTS:0FSO) has a ROC (Joel Greenblatt) % of 1,803.43% 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 Retail Estates and its competitors. This is near median its historical median of 1,657.81. Over the past decade, Retail Estates' ROC (Joel Greenblatt) % has ranged from 766.64 to 3,834.17. According to the industry distribution chart, Retail Estates ranks #118 out of 586 companies in the REITs industry, placing it in the top 20.1%.
Is Retail Estates' ROC (Joel Greenblatt) % too high?
Retail Estates' current ROC (Joel Greenblatt) % of 1,803.43% is near median its 10-year median of 1,657.81. Over the past 10 years, this metric has ranged from a low of 766.64 to a high of 3,834.17. The REITs industry median ROC (Joel Greenblatt) % is 176.06. Retail Estates' value of 1,803.43% is 924.3% above this industry median. Based on the distribution chart, Retail Estates ranks #118 out of 586 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Retail Estates has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Retail Estates' ROC (Joel Greenblatt) % compare to SPG and O?
According to the REITs industry distribution chart, Retail Estates ranks #118 out of 586 companies for ROC (Joel Greenblatt) %. This places Retail Estates in the top 20% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 176.06. Retail Estates' value of 1,803.43% is 924.3% above this benchmark. Historically, Retail Estates' own ROC (Joel Greenblatt) % has ranged from 766.64 to 3,834.17 over the past decade. While the company's 10-year median is 1,657.81 vs. the industry median of 176.06, Retail Estates 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 176.06, 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. Retail Estates's current ROC (Joel Greenblatt) % of 1,803.43% is 924.3% 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 Retail Estates and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 176.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Retail Estates's current ROC (Joel Greenblatt) % is 1,803.43%, which is near median its own 10-year median of 1,657.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Retail Estates stock overvalued right now?
Based on GuruFocus' analysis, Retail Estates (LTS:0FSO) is currently considered Fairly Valued. The stock's GF Value™ is €67.76, compared to a current price of €72.10 — trading 6.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 1,803.43%, which is near median its 10-year median of 1,657.81 and 924.3% above the REITs industry median of 176.06. Retail Estates' overall GF Score™ is 71/100 with 9 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 Retail Estates (LTS:0FSO), the current ROC (Joel Greenblatt) % is 1,803.43% 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 Retail Estates (LTS:0FSO) Overvalued in 2026?
Based on GuruFocus' analysis, Retail Estates stock appears to be overvalued.
The current stock price of €72.10 is trading 6.4% above its estimated GF Value™ of €67.76.
GuruFocus considers Retail Estates to be Fairly Valued.
Key valuation signals for LTS:0FSO:
ROC (Joel Greenblatt) %: 1,803.43% (near median its 10-year median of 1,657.81)
GF Value™: €67.76 vs. price of €72.10 (6.4% above fair value)
Industry Position: 924.3% above the REITs median (#118 of 586)
No single metric tells the full story. See the LTS:0FSO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Retail Estates SA is a real estate investment trust that invests mainly in retail properties. It is a niche player specialised in making out-of town retail properties located on the periphery of residential areas or along main access roads to urban centres available to users. It has distinguished between two geographical segments: Belgium and the Netherlands. The majority of revenue comes from Belgium.
71GF Score
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