Main Street ComplexMAL:MSC 63 ROC (Joel Greenblatt) % is 0.88% as of Dec. 2025, which is 76% below its 10-year median of 3.73. GuruFocus rates MAL:MSC with a GF Score™ of 63/100 and a GF Value™ of €0.26 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,748 Real Estate companies, Main Street Complex ranks worse than 71.74% 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. Main Street Complex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.88%.
The historical rank and industry rank for Main Street Complex's ROC (Joel Greenblatt) % or its related term are showing as below:
MAL:MSC'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.75 Med: 3.73 Max: 4.16
Current: 1.87
During the past 9 years, Main Street Complex's highest ROC (Joel Greenblatt) % was 4.16%. The lowest was 1.75%. And the median was 3.73%.
MAL:MSC's ROC (Joel Greenblatt) % is ranked worse than 71.74% of 1748
companies
in the Real Estate industry
Industry Median: 12.545
vs MAL:MSC: 1.87
Main Street Complex's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 3.30% per year.
Main Street Complex (MAL:MSC) 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.
Main Street Complex ROC (Joel Greenblatt) % Related Terms
Main Street Complex ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Main Street Complex'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.
MAL:MSC vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, Main Street Complex'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.
Main Street Complex ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Main Street Complex's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Main Street Complex's ROC (Joel Greenblatt) % falls into.
Main Street Complex 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 0.88% mean?
Main Street Complex (MAL:MSC) has a ROC (Joel Greenblatt) % of 0.88% 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 Main Street Complex and its competitors. This is 76% below median its historical median of 3.73. Over the past decade, Main Street Complex's ROC (Joel Greenblatt) % has ranged from 1.75 to 4.16. According to the industry distribution chart, Main Street Complex ranks #1254 out of 1748 companies in the Real Estate industry, placing it in the top 71.7%.
Is Main Street Complex's ROC (Joel Greenblatt) % too high?
Main Street Complex's current ROC (Joel Greenblatt) % of 0.88% is 76% below median its 10-year median of 3.73. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 4.16. The Real Estate industry median ROC (Joel Greenblatt) % is 12.55. Main Street Complex's value of 0.88% is 93% below this industry median. Based on the distribution chart, Main Street Complex ranks #1254 out of 1748 companies in the Real Estate industry, which is below the industry midpoint. Overall, Main Street Complex has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Main Street Complex's ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Main Street Complex ranks #1254 out of 1748 companies for ROC (Joel Greenblatt) %. This places Main Street Complex in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.55. Main Street Complex's value of 0.88% is 93% below this benchmark. Historically, Main Street Complex's own ROC (Joel Greenblatt) % has ranged from 1.75 to 4.16 over the past decade. While the company's 10-year median is 3.73 vs. the industry median of 12.55, Main Street Complex 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 12.55, based on 1,748 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. Main Street Complex's current ROC (Joel Greenblatt) % of 0.88% is 93% 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 Main Street Complex and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Main Street Complex's current ROC (Joel Greenblatt) % is 0.88%, which is 76% below median its own 10-year median of 3.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Main Street Complex stock overvalued right now?
Based on GuruFocus' analysis, Main Street Complex (MAL:MSC) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.26, compared to a current price of €0.20 — trading 23.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 0.88%, which is 76% below median its 10-year median of 3.73 and 93% below the Real Estate industry median of 12.55. Main Street Complex's overall GF Score™ is 63/100 with 7 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 Main Street Complex (MAL:MSC), the current ROC (Joel Greenblatt) % is 0.88% 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 Main Street Complex (MAL:MSC) Overvalued in 2026?
Based on GuruFocus' analysis, Main Street Complex stock appears to be undervalued.
The current stock price of €0.20 is trading 23.1% below its estimated GF Value™ of €0.26.
GuruFocus considers Main Street Complex to be Modestly Undervalued.
Key valuation signals for MAL:MSC:
ROC (Joel Greenblatt) %: 0.88% (76% below median its 10-year median of 3.73)
GF Value™: €0.26 vs. price of €0.20 (23.1% below fair value)
Industry Position: 93% below the Real Estate median (#1254 of 1748)
No single metric tells the full story. See the MAL:MSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Main Street Complex PLC is engaged in the management of and the granting of concessions of outlets and spaces within Main Street Complex, as a retail and entertainment complex, featuring four floors of retail outlets, a bar/restaurant and entertainment area, and parking facilities in Paola, Malta. All the company's revenue relates to concession income arising over time, from contracts with customers, attributable to retail outlets in Main Street Complex in Paola, Malta.
63GF Score
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