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. Investore Property's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.00%.
The historical rank and industry rank for Investore Property's ROC (Joel Greenblatt) % or its related term are showing as below:
NZSE:IPL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 123.36 Med: 3655.29 Max: 3246000
Current: 123.36
During the past 10 years, Investore Property's highest ROC (Joel Greenblatt) % was 3246000.00%. The lowest was 123.36%. And the median was 3655.29%.
NZSE:IPL's ROC (Joel Greenblatt) % is ranked worse than 54.44% of 586
companies
in the REITs industry
Industry Median: 176.06
vs NZSE:IPL: 123.36
Investore Property's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Investore Property ROC (Joel Greenblatt) % Related Terms
Investore Property ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Investore Property'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.
NZSE:IPL vs SPG, O, KIM: ROC (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Investore Property'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.
Investore Property ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Investore Property's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Investore Property'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 two times the semi-annual (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 0.00% mean?
Investore Property (NZSE:IPL) has a ROC (Joel Greenblatt) % of 0.00% 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 Investore Property and its competitors. Over the past decade, Investore Property's ROC (Joel Greenblatt) % has ranged from 123.36 to 3,246,000.00. According to the industry distribution chart, Investore Property ranks #319 out of 586 companies in the REITs industry, placing it in the top 54.4%.
Is Investore Property's ROC (Joel Greenblatt) % too high?
Investore Property's current ROC (Joel Greenblatt) % is 0.00%. Over the past 10 years, this metric has ranged from a low of 123.36 to a high of 3,246,000.00. Based on the distribution chart, Investore Property ranks #319 out of 586 companies in the REITs industry, which is below the industry midpoint. Overall, Investore Property has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Investore Property's ROC (Joel Greenblatt) % compare to SPG and O?
According to the REITs industry distribution chart, Investore Property ranks #319 out of 586 companies for ROC (Joel Greenblatt) %. This places Investore Property in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 176.06. Historically, Investore Property's own ROC (Joel Greenblatt) % has ranged from 123.36 to 3,246,000.00 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 176.06, 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. 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 Investore Property and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 176.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Investore Property's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Investore Property stock overvalued right now?
Based on GuruFocus' analysis, Investore Property (NZSE:IPL) is currently considered Fairly Valued. The stock's GF Value™ is NZ$1.12, compared to a current price of NZ$1.07 — trading 4.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. Investore Property's overall GF Score™ is 65/100 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 Investore Property (NZSE:IPL), the current ROC (Joel Greenblatt) % is 0.00% 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 Investore Property (NZSE:IPL) Overvalued in 2026?
Based on GuruFocus' analysis, Investore Property stock appears to be undervalued.
The current stock price of NZ$1.07 is trading 4.5% below its estimated GF Value™ of NZ$1.12.
GuruFocus considers Investore Property to be Fairly Valued.
Key valuation signals for NZSE:IPL:
ROC (Joel Greenblatt) %: 0.00%
GF Value™: NZ$1.12 vs. price of NZ$1.07 (4.5% below fair value)
No single metric tells the full story. See the NZSE:IPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Investore Property Ltd is a commercial property ownership business that has been established to invest in quality Large Format Retail property assets. Its Large Format Retail includes single-story or low-level properties comprising retail shops and outlets and car parking areas. The group is reported to have a single operating segment, being large format retail properties. The company derives revenue from Rental income.
65GF Score
Get the complete analysis for NZSE:IPL
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NZSE:IPL has been successfully added to your 
