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New World Development CoNWWDF 58 ROC (Joel Greenblatt) % is 0.02% as of Dec. 2025, which is 100% below its 10-year median of 36.55. GuruFocus rates NWWDF with a GF Score™ of 58/100 and a GF Value™ of $1.01. The stock has 6 warning signs investors should review. Among 1,752 Real Estate companies, New World Development Co ranks worse than 84.76% 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. New World Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.02%.
The historical rank and industry rank for New World Development Co's ROC (Joel Greenblatt) % or its related term are showing as below:
NWWDF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -17.13 Med: 36.55 Max: 58.99
Current: -16.16
During the past 13 years, New World Development Co's highest ROC (Joel Greenblatt) % was 58.99%. The lowest was -17.13%. And the median was 36.55%.
NWWDF's ROC (Joel Greenblatt) % is ranked worse than 84.76% of 1752
companies
in the Real Estate industry
Industry Median: 12.85
vs NWWDF: -16.16
New World Development Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
New World Development Co (OTCPK:NWWDF) 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.
New World Development Co ROC (Joel Greenblatt) % Related Terms
New World Development Co ROC (Joel Greenblatt) % Historical Data
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The historical data trend for New World 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.
New World Development Co ROC (Joel Greenblatt) % Chart
New World Development Co ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Diversified subindustry, New World 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.
New World Development Co ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, New World Development Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where New World Development Co's ROC (Joel Greenblatt) % falls into.
New World 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 (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 0.02% mean?
New World Development Co (NWWDF) has a ROC (Joel Greenblatt) % of 0.02% 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 New World Development Co and its competitors. This is 100% below median its historical median of 36.55. According to the industry distribution chart, New World Development Co ranks #1485 out of 1752 companies in the Real Estate industry, placing it in the top 84.8%.
Is New World Development Co's ROC (Joel Greenblatt) % too high?
New World Development Co's current ROC (Joel Greenblatt) % of 0.02% is 100% below median its 10-year median of 36.55. The Real Estate industry median ROC (Joel Greenblatt) % is 12.85. New World Development Co's value of 0.02% is 99.8% below this industry median. Based on the distribution chart, New World Development Co ranks #1485 out of 1752 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, New World Development Co has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does New World Development Co's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, New World Development Co ranks #1485 out of 1752 companies for ROC (Joel Greenblatt) %. This places New World Development Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.85. New World Development Co's value of 0.02% is 99.8% below this benchmark. While the company's 10-year median is 36.55 vs. the industry median of 12.85, New World Development Co 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 12.85, based on 1,752 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. New World Development Co's current ROC (Joel Greenblatt) % of 0.02% is 99.8% 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 New World Development Co and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New World Development Co's current ROC (Joel Greenblatt) % is 0.02%, which is 100% below median its own 10-year median of 36.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New World Development Co stock overvalued right now?
New World Development Co (NWWDF) has a current ROC (Joel Greenblatt) % of 0.02%. The stock's GF Value™ is $1.01, compared to a current price of $1.23 — trading 21.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.02%, which is 100% below median its 10-year median of 36.55 and 99.8% below the Real Estate industry median of 12.85. New World Development Co's overall GF Score™ is 58/100 with 6 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 New World Development Co (NWWDF), the current ROC (Joel Greenblatt) % is 0.02% 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 New World Development Co (NWWDF) Overvalued in 2026?
Based on GuruFocus' analysis, New World Development Co stock appears to be overvalued.
The current stock price of $1.23 is trading 21.8% above its estimated GF Value™ of $1.01.
Key valuation signals for NWWDF:
ROC (Joel Greenblatt) %: 0.02% (100% below median its 10-year median of 36.55)
GF Value™: $1.01 vs. price of $1.23 (21.8% above fair value)
Industry Position: 99.8% below the Real Estate median (#1485 of 1752)
No single metric tells the full story. See the NWWDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New World Development is the listed property arm of Chow Tai Fook, owned by the Cheng family. Chow Tai Fook owns about a 45% stake in NWD, which mainly engages in residential property development and investment properties of retail malls and offices in Hong Kong and mainland China. NWD also develops high-end hotels across Hong Kong, mainland China, and in Southeast Asia. Additionally, NWD holds a 75% interest in New World Department Store China, which operates 24 department stores in mainland China.
58GF Score
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