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Grand Harbour MarinaMAL:GHM 49 ROC (Joel Greenblatt) % is 66.42% as of Dec. 2025, which is 144% above its 10-year median of 27.22. GuruFocus rates MAL:GHM with a GF Score™ of 49/100 and a GF Value™ of €0.80 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 845 Travel & Leisure companies, Grand Harbour Marina ranks better than 86.04% 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. Grand Harbour Marina's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 66.42%.
The historical rank and industry rank for Grand Harbour Marina's ROC (Joel Greenblatt) % or its related term are showing as below:
MAL:GHM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.62 Med: 27.22 Max: 67.75
Current: 57.69
During the past 13 years, Grand Harbour Marina's highest ROC (Joel Greenblatt) % was 67.75%. The lowest was 5.62%. And the median was 27.22%.
MAL:GHM's ROC (Joel Greenblatt) % is ranked better than 86.04% of 845
companies
in the Travel & Leisure industry
Industry Median: 10
vs MAL:GHM: 57.69
Grand Harbour Marina's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 45.00% per year.
Grand Harbour Marina (MAL:GHM) 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.
Grand Harbour Marina ROC (Joel Greenblatt) % Related Terms
Grand Harbour Marina ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Grand Harbour Marina'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.
Grand Harbour Marina ROC (Joel Greenblatt) % Chart
MAL:GHM vs AS, HAS, LTH: ROC (Joel Greenblatt) % Comparison
For the Leisure subindustry, Grand Harbour Marina'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.
Grand Harbour Marina ROC (Joel Greenblatt) % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Grand Harbour Marina's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Grand Harbour Marina's ROC (Joel Greenblatt) % falls into.
Grand Harbour Marina 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 66.42% mean?
Grand Harbour Marina (MAL:GHM) has a ROC (Joel Greenblatt) % of 66.42% 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 Grand Harbour Marina and its competitors. This is 144% above median its historical median of 27.22. Over the past decade, Grand Harbour Marina's ROC (Joel Greenblatt) % has ranged from 5.62 to 67.75. According to the industry distribution chart, Grand Harbour Marina ranks #118 out of 845 companies in the Travel & Leisure industry, placing it in the top 14%.
Is Grand Harbour Marina's ROC (Joel Greenblatt) % too high?
Grand Harbour Marina's current ROC (Joel Greenblatt) % of 66.42% is 144% above median its 10-year median of 27.22. Over the past 10 years, this metric has ranged from a low of 5.62 to a high of 67.75. The Travel & Leisure industry median ROC (Joel Greenblatt) % is 10.00. Grand Harbour Marina's value of 66.42% is 564.2% above this industry median. Based on the distribution chart, Grand Harbour Marina ranks #118 out of 845 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Grand Harbour Marina has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grand Harbour Marina's ROC (Joel Greenblatt) % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Grand Harbour Marina ranks #118 out of 845 companies for ROC (Joel Greenblatt) %. This places Grand Harbour Marina in the top 14% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 10.00. Grand Harbour Marina's value of 66.42% is 564.2% above this benchmark. Historically, Grand Harbour Marina's own ROC (Joel Greenblatt) % has ranged from 5.62 to 67.75 over the past decade. While the company's 10-year median is 27.22 vs. the industry median of 10.00, Grand Harbour Marina 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 Travel & Leisure company?
The median ROC (Joel Greenblatt) % among Travel & Leisure companies is 10.00, based on 845 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. Grand Harbour Marina's current ROC (Joel Greenblatt) % of 66.42% is 564.2% 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 Grand Harbour Marina and its competitors. For the Travel & Leisure industry, the median ROC (Joel Greenblatt) % is 10.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grand Harbour Marina's current ROC (Joel Greenblatt) % is 66.42%, which is 144% above median its own 10-year median of 27.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Harbour Marina stock overvalued right now?
Based on GuruFocus' analysis, Grand Harbour Marina (MAL:GHM) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.80, compared to a current price of €0.94 — trading 17.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 66.42%, which is 144% above median its 10-year median of 27.22 and 564.2% above the Travel & Leisure industry median of 10.00. Grand Harbour Marina's overall GF Score™ is 49/100 with 8 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 Grand Harbour Marina (MAL:GHM), the current ROC (Joel Greenblatt) % is 66.42% 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 Grand Harbour Marina (MAL:GHM) Overvalued in 2026?
Based on GuruFocus' analysis, Grand Harbour Marina stock appears to be overvalued.
The current stock price of €0.94 is trading 17.5% above its estimated GF Value™ of €0.80.
GuruFocus considers Grand Harbour Marina to be Modestly Overvalued.
Key valuation signals for MAL:GHM:
ROC (Joel Greenblatt) %: 66.42% (144% above median its 10-year median of 27.22)
GF Value™: €0.80 vs. price of €0.94 (17.5% above fair value)
Industry Position: 564.2% above the Travel & Leisure median (#118 of 845)
No single metric tells the full story. See the MAL:GHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grand Harbour Marina PLC is a Malta-based marina company. The principal business activities of the company and its joint venture are acquiring, developing, operating, and managing marinas. The group has two reportable segments, Grand Harbour Marina and IC Cesme Marina. The business operates in each of these two operating segments in the ownership and operation of marina facilities providing berthing and ancillary services for yachts and super-yachts. It generates maximum revenue from the Grand Harbour Marina segment.
49GF Score
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