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Phillips EdisonPECO +0.76%77 ROC (Joel Greenblatt) % is 956.54% as of Jun. 2026, which is 98% above its 10-year median of 483.94. GuruFocus rates PECO with a GF Score™ of 77/100 and a GF Value™ of $40.42 (Fairly Valued). The stock has 8 warning signs investors should review. Among 579 REITs companies, Phillips Edison ranks better than 74.96% 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. Phillips Edison's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 956.54%.
The historical rank and industry rank for Phillips Edison's ROC (Joel Greenblatt) % or its related term are showing as below:
PECO'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 26.14 Med: 483.94 Max: 908.85
Current: 908.85
During the past 13 years, Phillips Edison's highest ROC (Joel Greenblatt) % was 908.85%. The lowest was 26.14%. And the median was 483.94%.
PECO's ROC (Joel Greenblatt) % is ranked better than 74.96% of 579
companies
in the REITs industry
Industry Median: 174.41
vs PECO: 908.85
Phillips Edison's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 14.50% 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.
Phillips Edison ROC (Joel Greenblatt) % Related Terms
Phillips Edison ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Phillips Edison'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.
PECO vs KRG, SKT, EPRT: ROC (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Phillips Edison'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.
Phillips Edison ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Phillips Edison's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Phillips Edison'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 four times the quarterly (Jun. 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 956.54% mean?
Phillips Edison (PECO) has a ROC (Joel Greenblatt) % of 956.54% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Phillips Edison and its competitors. This is 98% above median its historical median of 483.94. Over the past decade, Phillips Edison's ROC (Joel Greenblatt) % has ranged from 26.14 to 908.85. According to the industry distribution chart, Phillips Edison ranks #145 out of 579 companies in the REITs industry, placing it in the top 25%.
Is Phillips Edison's ROC (Joel Greenblatt) % too high?
Phillips Edison's current ROC (Joel Greenblatt) % of 956.54% is 98% above median its 10-year median of 483.94. Over the past 10 years, this metric has ranged from a low of 26.14 to a high of 908.85. The REITs industry median ROC (Joel Greenblatt) % is 174.41. Phillips Edison's value of 956.54% is 448.4% above this industry median. Based on the distribution chart, Phillips Edison ranks #145 out of 579 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Phillips Edison has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Phillips Edison's ROC (Joel Greenblatt) % compare to KRG and SKT?
According to the REITs industry distribution chart, Phillips Edison ranks #145 out of 579 companies for ROC (Joel Greenblatt) %. This places Phillips Edison in the top 25% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 174.41. Phillips Edison's value of 956.54% is 448.4% above this benchmark. Historically, Phillips Edison's own ROC (Joel Greenblatt) % has ranged from 26.14 to 908.85 over the past decade. While the company's 10-year median is 483.94 vs. the industry median of 174.41, Phillips Edison 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 174.41, based on 579 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. Phillips Edison's current ROC (Joel Greenblatt) % of 956.54% is 448.4% 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 Phillips Edison and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 174.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phillips Edison's current ROC (Joel Greenblatt) % is 956.54%, which is 98% above median its own 10-year median of 483.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phillips Edison stock overvalued right now?
Based on GuruFocus' analysis, Phillips Edison (PECO) is currently considered Fairly Valued. The stock's GF Value™ is $40.42, compared to a current price of $42.97 — trading 6.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 956.54%, which is 98% above median its 10-year median of 483.94 and 448.4% above the REITs industry median of 174.41. Phillips Edison's overall GF Score™ is 77/100 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 Phillips Edison (PECO), the current ROC (Joel Greenblatt) % is 956.54% as of Jun. 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 Phillips Edison (PECO) Overvalued in 2026?
Based on GuruFocus' analysis, Phillips Edison stock appears to be overvalued.
The current stock price of $42.97 is trading 6.3% above its estimated GF Value™ of $40.42.
GuruFocus considers Phillips Edison to be Fairly Valued.
Key valuation signals for PECO:
ROC (Joel Greenblatt) %: 956.54% (98% above median its 10-year median of 483.94)
GF Value™: $40.42 vs. price of $42.97 (6.3% above fair value)
Industry Position: 448.4% above the REITs median (#145 of 579)
No single metric tells the full story. See the PECO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phillips Edison & Co Inc is a real estate investment trust. The company also operates a third-party investment management business providing property management and advisory services to four unconsolidated institutional joint ventures, in which it has a partial ownership interest, and one private fund. It invests in well-occupied, grocery-anchored neighborhood and community shopping centers. It holds an integrated in-house operating platform built on a market of expertise designed to optimize property value and consistently deliver a great shopping experience.
77GF Score
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