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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. Mapletree Industrial Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -41,433.33%.
The historical rank and industry rank for Mapletree Industrial Trust's ROC (Joel Greenblatt) % or its related term are showing as below:
MAPIF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 408.52 Med: 373567.93 Max: 11797960
Current: 408.52
During the past 13 years, Mapletree Industrial Trust's highest ROC (Joel Greenblatt) % was 11797960.00%. The lowest was 408.52%. And the median was 373567.93%.
MAPIF's ROC (Joel Greenblatt) % is ranked better than 62.67% of 584
companies
in the REITs industry
Industry Median: 179.775
vs MAPIF: 408.52
Mapletree Industrial Trust's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 347.50% 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.
* 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.
MAPIF vs PLD, PSA, EXR: ROC (Joel Greenblatt) % Comparison
For the REIT - Industrial subindustry, Mapletree Industrial Trust'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.
Mapletree Industrial Trust ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Mapletree Industrial Trust's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mapletree Industrial Trust'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 four times the quarterly (Mar. 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 -41,433.33% mean?
Mapletree Industrial Trust (MAPIF) has a ROC (Joel Greenblatt) % of -41,433.33% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Mapletree Industrial Trust and its competitors. Over the past decade, Mapletree Industrial Trust's ROC (Joel Greenblatt) % has ranged from 408.52 to 11,797,960.00. According to the industry distribution chart, Mapletree Industrial Trust ranks #218 out of 584 companies in the REITs industry, placing it in the top 37.3%.
Is Mapletree Industrial Trust's ROC (Joel Greenblatt) % too high?
Mapletree Industrial Trust's current ROC (Joel Greenblatt) % is -41,433.33%. Over the past 10 years, this metric has ranged from a low of 408.52 to a high of 11,797,960.00. Based on the distribution chart, Mapletree Industrial Trust ranks #218 out of 584 companies in the REITs industry, which is above the industry midpoint. Overall, Mapletree Industrial Trust has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mapletree Industrial Trust's ROC (Joel Greenblatt) % compare to PLD and PSA?
According to the REITs industry distribution chart, Mapletree Industrial Trust ranks #218 out of 584 companies for ROC (Joel Greenblatt) %. This puts Mapletree Industrial Trust in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 179.78. Historically, Mapletree Industrial Trust's own ROC (Joel Greenblatt) % has ranged from 408.52 to 11,797,960.00 over the past decade. 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 179.78, based on 584 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 Mapletree Industrial Trust and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 179.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mapletree Industrial Trust's current ROC (Joel Greenblatt) % is -41,433.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mapletree Industrial Trust stock overvalued right now?
Based on GuruFocus' analysis, Mapletree Industrial Trust (MAPIF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.73, compared to a current price of $1.49 — trading 13.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is -41,433.33%. Mapletree Industrial Trust's overall GF Score™ is 62/100 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 Mapletree Industrial Trust (MAPIF), the current ROC (Joel Greenblatt) % is -41,433.33% as of Mar. 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 Mapletree Industrial Trust (MAPIF) Overvalued in 2026?
Based on GuruFocus' analysis, Mapletree Industrial Trust stock appears to be undervalued.
The current stock price of $1.49 is trading 13.9% below its estimated GF Value™ of $1.73.
GuruFocus considers Mapletree Industrial Trust to be Modestly Undervalued.
Key valuation signals for MAPIF:
ROC (Joel Greenblatt) %: -41,433.33%
GF Value™: $1.73 vs. price of $1.49 (13.9% below fair value)
No single metric tells the full story. See the MAPIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mapletree Industrial Trust is a real estate investment trust focused on industrial properties and data centers. Its property portfolio consists of 136 properties in Singapore, North America, and Japan. Types of property owned include data centers, high-tech buildings, business parks, and general industrial. The trust is externally managed by Mapletree Industrial Trust Management Limited, a subsidiary of its sponsor, which owns around 31% stake in the trust.
62GF Score
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