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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. Lai Sun Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was -9.75%.
The historical rank and industry rank for Lai Sun Development Co's ROC (Joel Greenblatt) % or its related term are showing as below:
LVSDF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -20.25 Med: -7.31 Max: 85.77
Current: -20.25
During the past 13 years, Lai Sun Development Co's highest ROC (Joel Greenblatt) % was 85.77%. The lowest was -20.25%. And the median was -7.31%.
LVSDF's ROC (Joel Greenblatt) % is ranked worse than 85.92% of 1754
companies
in the Real Estate industry
Industry Median: 13.45
vs LVSDF: -20.25
Lai Sun Development Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.10% per year.
Lai Sun Development Co (OTCPK:LVSDF) 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.
Lai Sun Development Co ROC (Joel Greenblatt) % Related Terms
Lai Sun Development Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Lai Sun Development Co'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.
Lai Sun Development Co ROC (Joel Greenblatt) % Chart
Lai Sun Development Co ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Diversified subindustry, Lai Sun Development Co'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.
Lai Sun Development Co ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Lai Sun Development Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lai Sun Development Co's ROC (Joel Greenblatt) % falls into.
Lai Sun Development Co 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 (Jan. 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 -9.75% mean?
Lai Sun Development Co (LVSDF) has a ROC (Joel Greenblatt) % of -9.75% as of Jan. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Lai Sun Development Co and its competitors. According to the industry distribution chart, Lai Sun Development Co ranks #1507 out of 1754 companies in the Real Estate industry, placing it in the top 85.9%.
Is Lai Sun Development Co's ROC (Joel Greenblatt) % too high?
Lai Sun Development Co's current ROC (Joel Greenblatt) % is -9.75%. Based on the distribution chart, Lai Sun Development Co ranks #1507 out of 1754 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Lai Sun Development Co has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Lai Sun Development Co's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Lai Sun Development Co ranks #1507 out of 1754 companies for ROC (Joel Greenblatt) %. This places Lai Sun Development Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.45. 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 13.45, based on 1,754 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 Lai Sun Development Co and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 13.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lai Sun Development Co's current ROC (Joel Greenblatt) % is -9.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lai Sun Development Co stock overvalued right now?
Lai Sun Development Co (LVSDF) has a current ROC (Joel Greenblatt) % of -9.75%. The stock's GF Value™ is $0.04, compared to a current price of $0.05 — trading 25% above its estimated fair value. The current ROC (Joel Greenblatt) % is -9.75%. Lai Sun Development Co's overall GF Score™ is 34/100 with 4 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 Lai Sun Development Co (LVSDF), the current ROC (Joel Greenblatt) % is -9.75% as of Jan. 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 Lai Sun Development Co (LVSDF) Overvalued in 2026?
Based on GuruFocus' analysis, Lai Sun Development Co stock appears to be overvalued.
The current stock price of $0.05 is trading 25% above its estimated GF Value™ of $0.04.
Key valuation signals for LVSDF:
ROC (Joel Greenblatt) %: -9.75%
GF Value™: $0.04 vs. price of $0.05 (25% above fair value)
No single metric tells the full story. See the LVSDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lai Sun Development Co Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in various reportable operating segments such as; property development and sales; property investment; hotel operation; restaurant operation; media and entertainment; film and TV programs; cinema operation; theme park operation, and others. The property development and sales segment which derives a majority of its revenue, is engaged in property development and the sale of properties. Geographically, it derives a majority of its revenue from Mainland China and Macau, and the rest from Hong Kong, the United Kingdom, Vietnam, and other regions.
34GF Score
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