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. Fiducial Real Estate's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 11,945.87%.
The historical rank and industry rank for Fiducial Real Estate's ROC (Joel Greenblatt) % or its related term are showing as below:
LUX:ORIAL's ROC (Joel Greenblatt) % is not ranked *
in the Real Estate industry.
Industry Median: 12.5 * Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
Fiducial Real Estate's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Fiducial Real Estate (LUX:ORIAL) ROC (Joel Greenblatt) % Explanation
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.
Fiducial Real Estate ROC (Joel Greenblatt) % Related Terms
Fiducial Real Estate ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Fiducial Real Estate'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.
Fiducial Real Estate ROC (Joel Greenblatt) % Chart
LUX:ORIAL vs CSGP, CBRE, BEKE: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, Fiducial Real Estate'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.
Fiducial Real Estate ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Fiducial Real Estate's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fiducial Real Estate's ROC (Joel Greenblatt) % falls into.
Fiducial Real Estate 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 (Mar. 2023) 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 11,945.87% mean?
Fiducial Real Estate (LUX:ORIAL) has a ROC (Joel Greenblatt) % of 11,945.87% as of Mar. 2023. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Fiducial Real Estate and its competitors.
Is Fiducial Real Estate's ROC (Joel Greenblatt) % too high?
Fiducial Real Estate's current ROC (Joel Greenblatt) % is 11,945.87%. The Real Estate industry median ROC (Joel Greenblatt) % is 12.50. Fiducial Real Estate's value of 11,945.87% is 95467% above this industry median. Overall, Fiducial Real Estate has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Fiducial Real Estate's ROC (Joel Greenblatt) % compare to CSGP and CBRE?
Fiducial Real Estate's ROC (Joel Greenblatt) % of 11,945.87% can be compared against companies in the Real Estate industry. The industry median ROC (Joel Greenblatt) % is 12.50. Fiducial Real Estate's value of 11,945.87% is 95467% above this benchmark. 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 12.50, 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. Fiducial Real Estate's current ROC (Joel Greenblatt) % of 11,945.87% is 95467% 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 Fiducial Real Estate and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fiducial Real Estate's current ROC (Joel Greenblatt) % is 11,945.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiducial Real Estate stock overvalued right now?
Fiducial Real Estate (LUX:ORIAL) has a current ROC (Joel Greenblatt) % of 11,945.87%. The current ROC (Joel Greenblatt) % is 11,945.87% and 95467% above the Real Estate industry median of 12.50. Fiducial Real Estate's overall GF Score™ is 4/100. 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 Fiducial Real Estate (LUX:ORIAL), the current ROC (Joel Greenblatt) % is 11,945.87% as of Mar. 2023. 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.
Fiducial Real Estate is a real estate company. Its business operations consist of management and leasing of investment properties and services related to the management of a housing stock. The company's real estate portfolio includes commercial and residential buildings.
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