Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
AtlandLTS:0OL3 61 ROC (Joel Greenblatt) % is 55.28% as of Dec. 2025, which is 22% below its 10-year median of 71.12. GuruFocus rates LTS:0OL3 with a GF Score™ of 61/100 and a GF Value™ of €47.12. The stock has 5 warning signs investors should review. Among 585 REITs companies, Atland ranks worse than 67.01% 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. Atland's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 55.28%.
The historical rank and industry rank for Atland's ROC (Joel Greenblatt) % or its related term are showing as below:
LTS:0OL3'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 20.98 Med: 71.12 Max: 1641.75
Current: 27.02
During the past 13 years, Atland's highest ROC (Joel Greenblatt) % was 1641.75%. The lowest was 20.98%. And the median was 71.12%.
LTS:0OL3's ROC (Joel Greenblatt) % is ranked worse than 67.01% of 585
companies
in the REITs industry
Industry Median: 179.69
vs LTS:0OL3: 27.02
Atland's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -23.60% 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.
The historical data trend for Atland'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:0OL3 vs VICI, WPC, BNL: ROC (Joel Greenblatt) % Comparison
For the REIT - Diversified subindustry, Atland'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.
Atland ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Atland's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Atland'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 (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 55.28% mean?
Atland (LTS:0OL3) has a ROC (Joel Greenblatt) % of 55.28% 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 Atland and its competitors. This is 22% below median its historical median of 71.12. Over the past decade, Atland's ROC (Joel Greenblatt) % has ranged from 20.98 to 1,641.75. According to the industry distribution chart, Atland ranks #392 out of 585 companies in the REITs industry, placing it in the top 67%.
Is Atland's ROC (Joel Greenblatt) % too high?
Atland's current ROC (Joel Greenblatt) % of 55.28% is 22% below median its 10-year median of 71.12. Over the past 10 years, this metric has ranged from a low of 20.98 to a high of 1,641.75. The REITs industry median ROC (Joel Greenblatt) % is 179.69. Atland's value of 55.28% is 69.2% below this industry median. Based on the distribution chart, Atland ranks #392 out of 585 companies in the REITs industry, which is below the industry midpoint. Overall, Atland has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Atland's ROC (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, Atland ranks #392 out of 585 companies for ROC (Joel Greenblatt) %. This places Atland in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 179.69. Atland's value of 55.28% is 69.2% below this benchmark. Historically, Atland's own ROC (Joel Greenblatt) % has ranged from 20.98 to 1,641.75 over the past decade. While the company's 10-year median is 71.12 vs. the industry median of 179.69, Atland 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 179.69, based on 585 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. Atland's current ROC (Joel Greenblatt) % of 55.28% is 69.2% 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 Atland and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 179.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atland's current ROC (Joel Greenblatt) % is 55.28%, which is 22% below median its own 10-year median of 71.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atland stock overvalued right now?
Atland (LTS:0OL3) has a current ROC (Joel Greenblatt) % of 55.28%. The stock's GF Value™ is €47.12, compared to a current price of €43.80 — trading 7.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 55.28%, which is 22% below median its 10-year median of 71.12 and 69.2% below the REITs industry median of 179.69. Atland's overall GF Score™ is 61/100 with 5 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 Atland (LTS:0OL3), the current ROC (Joel Greenblatt) % is 55.28% 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.
Is Atland (LTS:0OL3) Overvalued in 2026?
Based on GuruFocus' analysis, Atland stock appears to be undervalued.
The current stock price of €43.80 is trading 7.1% below its estimated GF Value™ of €47.12.
Key valuation signals for LTS:0OL3:
ROC (Joel Greenblatt) %: 55.28% (22% below median its 10-year median of 71.12)
GF Value™: €47.12 vs. price of €43.80 (7.1% below fair value)
Industry Position: 69.2% below the REITs median (#392 of 585)
No single metric tells the full story. See the LTS:0OL3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atland operates in the real estate sector. The company is a promoter, investor, and an asset manager in the field of real estate. The company operates in the housing, corporate real estate and hospitality markets.
61GF Score
Get the complete analysis for LTS:0OL3
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LTS:0OL3 has been successfully added to your 
