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. Federal Realty Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 944.73%.
The historical rank and industry rank for Federal Realty Investment Trust's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:FRIT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 188.01 Med: 354.91 Max: 784.97
Current: 784.97
During the past 13 years, Federal Realty Investment Trust's highest ROC (Joel Greenblatt) % was 784.97%. The lowest was 188.01%. And the median was 354.91%.
MEX:FRIT's ROC (Joel Greenblatt) % is ranked better than 72.53% of 586
companies
in the REITs industry
Industry Median: 180.645
vs MEX:FRIT: 784.97
Federal Realty Investment Trust (MEX:FRIT) 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.
* 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.
Federal Realty Investment Trust ROC (Joel Greenblatt) % Chart
MEX:FRIT vs BRX, ADC, NNN: ROC (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Federal Realty Investment 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.
Federal Realty Investment Trust ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Federal Realty Investment Trust's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Federal Realty Investment Trust's ROC (Joel Greenblatt) % falls into.
Federal Realty Investment Trust 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 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 944.73% mean?
Federal Realty Investment Trust (MEX:FRIT) has a ROC (Joel Greenblatt) % of 944.73% 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 Federal Realty Investment Trust and its competitors. This is 166% above median its historical median of 354.91. Over the past decade, Federal Realty Investment Trust's ROC (Joel Greenblatt) % has ranged from 188.01 to 784.97. According to the industry distribution chart, Federal Realty Investment Trust ranks #161 out of 586 companies in the REITs industry, placing it in the top 27.5%.
Is Federal Realty Investment Trust's ROC (Joel Greenblatt) % too high?
Federal Realty Investment Trust's current ROC (Joel Greenblatt) % of 944.73% is 166% above median its 10-year median of 354.91. Over the past 10 years, this metric has ranged from a low of 188.01 to a high of 784.97. The REITs industry median ROC (Joel Greenblatt) % is 180.65. Federal Realty Investment Trust's value of 944.73% is 423% above this industry median. Based on the distribution chart, Federal Realty Investment Trust ranks #161 out of 586 companies in the REITs industry, which is above the industry midpoint. Overall, Federal Realty Investment Trust has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Federal Realty Investment Trust's ROC (Joel Greenblatt) % compare to BRX and ADC?
According to the REITs industry distribution chart, Federal Realty Investment Trust ranks #161 out of 586 companies for ROC (Joel Greenblatt) %. This puts Federal Realty Investment Trust in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 180.65. Federal Realty Investment Trust's value of 944.73% is 423% above this benchmark. Historically, Federal Realty Investment Trust's own ROC (Joel Greenblatt) % has ranged from 188.01 to 784.97 over the past decade. While the company's 10-year median is 354.91 vs. the industry median of 180.65, Federal Realty Investment Trust 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 180.65, based on 586 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. Federal Realty Investment Trust's current ROC (Joel Greenblatt) % of 944.73% is 423% 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 Federal Realty Investment Trust and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 180.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Federal Realty Investment Trust's current ROC (Joel Greenblatt) % is 944.73%, which is 166% above median its own 10-year median of 354.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Federal Realty Investment Trust stock overvalued right now?
Federal Realty Investment Trust (MEX:FRIT) has a current ROC (Joel Greenblatt) % of 944.73%. The stock's GF Value™ is MXN1,629.29, compared to a current price of MXN1,800.00 — trading 10.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 944.73%, which is 166% above median its 10-year median of 354.91 and 423% above the REITs industry median of 180.65. Federal Realty Investment Trust's overall GF Score™ is 81/100 with 11 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 Federal Realty Investment Trust (MEX:FRIT), the current ROC (Joel Greenblatt) % is 944.73% 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 Federal Realty Investment Trust (MEX:FRIT) Overvalued in 2026?
Based on GuruFocus' analysis, Federal Realty Investment Trust stock appears to be overvalued.
The current stock price of MXN1,800.00 is trading 10.5% above its estimated GF Value™ of MXN1,629.29.
Key valuation signals for MEX:FRIT:
ROC (Joel Greenblatt) %: 944.73% (166% above median its 10-year median of 354.91)
GF Value™: MXN1,629.29 vs. price of MXN1,800.00 (10.5% above fair value)
Industry Position: 423% above the REITs median (#161 of 586)
No single metric tells the full story. See the MEX:FRIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Federal Realty Investment Trust Business Description
Federal Realty Investment Trust is a shopping center-focused retail real estate investment trust that owns high-quality properties in eight of the largest metropolitan markets. Its portfolio includes an interest in 104 properties, which includes 28.8 million square feet of retail space and 2,700 multifamily units. Federal's retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. Federal Realty has focused on owning assets in highly desirable areas with significant growth, and as a result, the average population density and average median household income are higher for its portfolio than for any other retail REIT.
81GF Score
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