Ayala LandPHS:ALI -1.99%65 ROC (Joel Greenblatt) % is 19.23% as of Mar. 2026, which is 23% below its 10-year median of 25.07. GuruFocus rates PHS:ALI with a GF Score™ of 65/100 and a GF Value™ of ₱29.33 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,753 Real Estate companies, Ayala Land ranks better than 61.61% 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. Ayala Land's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.23%.
The historical rank and industry rank for Ayala Land's ROC (Joel Greenblatt) % or its related term are showing as below:
PHS:ALI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.68 Med: 25.07 Max: 79.79
Current: 26.85
During the past 13 years, Ayala Land's highest ROC (Joel Greenblatt) % was 79.79%. The lowest was 15.68%. And the median was 25.07%.
PHS:ALI's ROC (Joel Greenblatt) % is ranked better than 61.61% of 1753
companies
in the Real Estate industry
Industry Median: 12.5
vs PHS:ALI: 26.85
Ayala Land's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 11.40% per year.
Ayala Land (PHS:ALI) 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.
Ayala Land ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Ayala Land'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.
Ayala Land ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, Ayala Land'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.
Ayala Land ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Ayala Land's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ayala Land'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 (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 19.23% mean?
Ayala Land (PHS:ALI) has a ROC (Joel Greenblatt) % of 19.23% 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 Ayala Land and its competitors. This is 23% below median its historical median of 25.07. Over the past decade, Ayala Land's ROC (Joel Greenblatt) % has ranged from 15.68 to 79.79. According to the industry distribution chart, Ayala Land ranks #673 out of 1753 companies in the Real Estate industry, placing it in the top 38.4%.
Is Ayala Land's ROC (Joel Greenblatt) % too high?
Ayala Land's current ROC (Joel Greenblatt) % of 19.23% is 23% below median its 10-year median of 25.07. Over the past 10 years, this metric has ranged from a low of 15.68 to a high of 79.79. The Real Estate industry median ROC (Joel Greenblatt) % is 12.50. Ayala Land's value of 19.23% is 53.8% above this industry median. Based on the distribution chart, Ayala Land ranks #673 out of 1753 companies in the Real Estate industry, which is above the industry midpoint. Overall, Ayala Land has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ayala Land's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Ayala Land ranks #673 out of 1753 companies for ROC (Joel Greenblatt) %. This puts Ayala Land in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.50. Ayala Land's value of 19.23% is 53.8% above this benchmark. Historically, Ayala Land's own ROC (Joel Greenblatt) % has ranged from 15.68 to 79.79 over the past decade. While the company's 10-year median is 25.07 vs. the industry median of 12.50, Ayala Land 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 12.50, based on 1,753 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. Ayala Land's current ROC (Joel Greenblatt) % of 19.23% is 53.8% 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 Ayala Land and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ayala Land's current ROC (Joel Greenblatt) % is 19.23%, which is 23% below median its own 10-year median of 25.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ayala Land stock overvalued right now?
Based on GuruFocus' analysis, Ayala Land (PHS:ALI) is currently considered Possible Value Trap. The stock's GF Value™ is ₱29.33, compared to a current price of ₱14.80 — trading 49.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 19.23%, which is 23% below median its 10-year median of 25.07 and 53.8% above the Real Estate industry median of 12.50. Ayala Land's overall GF Score™ is 65/100 with 5 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 Ayala Land (PHS:ALI), the current ROC (Joel Greenblatt) % is 19.23% 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 Ayala Land (PHS:ALI) Overvalued in 2026?
Based on GuruFocus' analysis, Ayala Land stock appears to be undervalued.
The current stock price of ₱14.80 is trading 49.5% below its estimated GF Value™ of ₱29.33.
GuruFocus considers Ayala Land to be Possible Value Trap.
Key valuation signals for PHS:ALI:
ROC (Joel Greenblatt) %: 19.23% (23% below median its 10-year median of 25.07)
GF Value™: ₱29.33 vs. price of ₱14.80 (49.5% below fair value)
Industry Position: 53.8% above the Real Estate median (#673 of 1753)
No single metric tells the full story. See the PHS:ALI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ayala Land Inc is engaged in land acquisition, planning, and development of large scale, integrated, mixed use and sustainable estates, industrial estates, development and sale of residential and office condominiums, house and lots, and commercial and industrial lots, development and lease of shopping centers and offices, co working spaces and standard factory buildings and warehouses, and the development, management and operation of hotels and resorts and co living spaces. The Company is also engaged in construction, property management and retail electricity supply. Its segments include Property development, which generates maximum revenue, International, Shopping centers, Offices, Industrial Real Estate, Hotels and resorts, Construction, and Property management and others.
65GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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