Outfront MediaOUT +5.02%61 ROC (Joel Greenblatt) % is 10.13% as of Mar. 2026, which is 37% below its 10-year median of 16.09. GuruFocus rates OUT with a GF Score™ of 61/100 and a GF Value™ of $16.54 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 590 REITs companies, Outfront Media ranks worse than 70.17% 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. Outfront Media's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.13%.
The historical rank and industry rank for Outfront Media's ROC (Joel Greenblatt) % or its related term are showing as below:
OUT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -10.64 Med: 16.09 Max: 31.24
Current: 14.45
During the past 13 years, Outfront Media's highest ROC (Joel Greenblatt) % was 31.24%. The lowest was -10.64%. And the median was 16.09%.
OUT's ROC (Joel Greenblatt) % is ranked worse than 70.17% of 590
companies
in the REITs industry
Industry Median: 176.06
vs OUT: 14.45
Outfront Media's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Outfront Media (NYSE:OUT) 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.
Outfront Media ROC (Joel Greenblatt) % Related Terms
Outfront Media ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Outfront Media'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.
OUT vs RYN, FRMI, EPR: ROC (Joel Greenblatt) % Comparison
For the REIT - Specialty subindustry, Outfront Media'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.
Outfront Media ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Outfront Media's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Outfront Media's ROC (Joel Greenblatt) % falls into.
Outfront Media 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 10.13% mean?
Outfront Media (OUT) has a ROC (Joel Greenblatt) % of 10.13% 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 Outfront Media and its competitors. This is 37% below median its historical median of 16.09. According to the industry distribution chart, Outfront Media ranks #414 out of 590 companies in the REITs industry, placing it in the top 70.2%.
Is Outfront Media's ROC (Joel Greenblatt) % too high?
Outfront Media's current ROC (Joel Greenblatt) % of 10.13% is 37% below median its 10-year median of 16.09. The REITs industry median ROC (Joel Greenblatt) % is 176.06. Outfront Media's value of 10.13% is 94.2% below this industry median. Based on the distribution chart, Outfront Media ranks #414 out of 590 companies in the REITs industry, which is below the industry midpoint. Overall, Outfront Media has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Outfront Media's ROC (Joel Greenblatt) % compare to RYN and FRMI?
According to the REITs industry distribution chart, Outfront Media ranks #414 out of 590 companies for ROC (Joel Greenblatt) %. This places Outfront Media in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 176.06. Outfront Media's value of 10.13% is 94.2% below this benchmark. While the company's 10-year median is 16.09 vs. the industry median of 176.06, Outfront Media 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 176.06, based on 590 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. Outfront Media's current ROC (Joel Greenblatt) % of 10.13% is 94.2% 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 Outfront Media 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. Outfront Media's current ROC (Joel Greenblatt) % is 10.13%, which is 37% below median its own 10-year median of 16.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Outfront Media stock overvalued right now?
Based on GuruFocus' analysis, Outfront Media (OUT) is currently considered Significantly Overvalued. The stock's GF Value™ is $16.54, compared to a current price of $33.24 — trading 101% above its estimated fair value. The current ROC (Joel Greenblatt) % is 10.13%, which is 37% below median its 10-year median of 16.09 and 94.2% below the REITs industry median of 176.06. Outfront Media's overall GF Score™ is 61/100 with 10 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 Outfront Media (OUT), the current ROC (Joel Greenblatt) % is 10.13% 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 Outfront Media (OUT) Overvalued in 2026?
Based on GuruFocus' analysis, Outfront Media stock appears to be overvalued.
The current stock price of $33.24 is trading 101% above its estimated GF Value™ of $16.54.
GuruFocus considers Outfront Media to be Significantly Overvalued.
Key valuation signals for OUT:
ROC (Joel Greenblatt) %: 10.13% (37% below median its 10-year median of 16.09)
GF Value™: $16.54 vs. price of $33.24 (101% above fair value)
Industry Position: 94.2% below the REITs median (#414 of 590)
No single metric tells the full story. See the OUT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Outfront Media Inc is a real estate investment trust involved in the ownership of advertising space on its portfolio of billboards and transit displays. The company has two reportable operating segments: Billboard and Transit. It derives maximum revenue from Billboard Segment. The company geographically operates in United States and Canada, of which United States derive maximum revenue.
61GF Score
Get the complete analysis for OUT
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