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Baltic Sea Properties ASOSL:BALT -1.74%72 ROC (Joel Greenblatt) % is 6,791.28% as of Mar. 2026, which is 5741% above its 10-year median of 116.27. GuruFocus rates OSL:BALT with a GF Score™ of 72/100 and a GF Value™ of kr49.38 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,748 Real Estate companies, Baltic Sea Properties AS ranks better than 97.03% 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. Baltic Sea Properties AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6,791.28%.
The historical rank and industry rank for Baltic Sea Properties AS's ROC (Joel Greenblatt) % or its related term are showing as below:
OSL:BALT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.49 Med: 116.27 Max: 7462.5
Current: 7462.5
During the past 12 years, Baltic Sea Properties AS's highest ROC (Joel Greenblatt) % was 7462.50%. The lowest was -5.49%. And the median was 116.27%.
OSL:BALT's ROC (Joel Greenblatt) % is ranked better than 97.03% of 1748
companies
in the Real Estate industry
Industry Median: 12.85
vs OSL:BALT: 7462.50
Baltic Sea Properties AS's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 226.20% per year.
Baltic Sea Properties AS (OSL:BALT) 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.
Baltic Sea Properties AS ROC (Joel Greenblatt) % Related Terms
Baltic Sea Properties AS ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Baltic Sea Properties AS'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.
Baltic Sea Properties AS ROC (Joel Greenblatt) % Chart
OSL:BALT vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, Baltic Sea Properties AS'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.
Baltic Sea Properties AS ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Baltic Sea Properties AS's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Baltic Sea Properties AS's ROC (Joel Greenblatt) % falls into.
Baltic Sea Properties AS 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 6,791.28% mean?
Baltic Sea Properties AS (OSL:BALT) has a ROC (Joel Greenblatt) % of 6,791.28% 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 Baltic Sea Properties AS and its competitors. This is 5741% above median its historical median of 116.27. According to the industry distribution chart, Baltic Sea Properties AS ranks #52 out of 1748 companies in the Real Estate industry, placing it in the top 3%.
Is Baltic Sea Properties AS's ROC (Joel Greenblatt) % too high?
Baltic Sea Properties AS's current ROC (Joel Greenblatt) % of 6,791.28% is 5741% above median its 10-year median of 116.27. The Real Estate industry median ROC (Joel Greenblatt) % is 12.85. Baltic Sea Properties AS's value of 6,791.28% is 52750.4% above this industry median. Based on the distribution chart, Baltic Sea Properties AS ranks #52 out of 1748 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Baltic Sea Properties AS has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Baltic Sea Properties AS's ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Baltic Sea Properties AS ranks #52 out of 1748 companies for ROC (Joel Greenblatt) %. This places Baltic Sea Properties AS in the top 3% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.85. Baltic Sea Properties AS's value of 6,791.28% is 52750.4% above this benchmark. While the company's 10-year median is 116.27 vs. the industry median of 12.85, Baltic Sea Properties AS 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 Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 12.85, 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. Baltic Sea Properties AS's current ROC (Joel Greenblatt) % of 6,791.28% is 52750.4% 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 Baltic Sea Properties AS 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. Baltic Sea Properties AS's current ROC (Joel Greenblatt) % is 6,791.28%, which is 5741% above median its own 10-year median of 116.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baltic Sea Properties AS stock overvalued right now?
Based on GuruFocus' analysis, Baltic Sea Properties AS (OSL:BALT) is currently considered Fairly Valued. The stock's GF Value™ is kr49.38, compared to a current price of kr45.20 — trading 8.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 6,791.28%, which is 5741% above median its 10-year median of 116.27 and 52750.4% above the Real Estate industry median of 12.85. Baltic Sea Properties AS's overall GF Score™ is 72/100 with 3 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 Baltic Sea Properties AS (OSL:BALT), the current ROC (Joel Greenblatt) % is 6,791.28% 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 Baltic Sea Properties AS (OSL:BALT) Overvalued in 2026?
Based on GuruFocus' analysis, Baltic Sea Properties AS stock appears to be undervalued.
The current stock price of kr45.20 is trading 8.5% below its estimated GF Value™ of kr49.38.
GuruFocus considers Baltic Sea Properties AS to be Fairly Valued.
Key valuation signals for OSL:BALT:
ROC (Joel Greenblatt) %: 6,791.28% (5741% above median its 10-year median of 116.27)
GF Value™: kr49.38 vs. price of kr45.20 (8.5% below fair value)
Industry Position: 52750.4% above the Real Estate median (#52 of 1748)
No single metric tells the full story. See the OSL:BALT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Baltic Sea Properties AS is a Norwegian based open-ended and fully integrated investment company. The company acquires, invests, develops, rents, and realizes commercial real estate properties focusing on logistics, industrial, and retail segments. The company's operations consist of the acquisition, development, and letting of investment properties in Lithuania and some related businesses. It owns, develops, and manages commercial real estate in the Baltics.
72GF Score
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