Philippine EstatesPHS:PHES 47 ROC (Joel Greenblatt) % is 0.89% as of Mar. 2026, which is 82% below its 10-year median of 4.91. GuruFocus rates PHS:PHES with a GF Score™ of 47/100 and a GF Value™ of ₱0.25 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,753 Real Estate companies, Philippine Estates ranks worse than 76.61% 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. Philippine Estates's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.89%.
The historical rank and industry rank for Philippine Estates's ROC (Joel Greenblatt) % or its related term are showing as below:
PHS:PHES'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.29 Med: 4.91 Max: 13.18
Current: -1.29
During the past 13 years, Philippine Estates's highest ROC (Joel Greenblatt) % was 13.18%. The lowest was -1.29%. And the median was 4.91%.
PHS:PHES's ROC (Joel Greenblatt) % is ranked worse than 76.61% of 1753
companies
in the Real Estate industry
Industry Median: 12.5
vs PHS:PHES: -1.29
Philippine Estates's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 3.80% 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.
Philippine Estates ROC (Joel Greenblatt) % Related Terms
Philippine Estates ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Philippine Estates'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.
PHS:PHES vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, Philippine Estates'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.
Philippine Estates ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Philippine Estates's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Philippine Estates'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 0.89% mean?
Philippine Estates (PHS:PHES) has a ROC (Joel Greenblatt) % of 0.89% 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 Philippine Estates and its competitors. This is 82% below median its historical median of 4.91. According to the industry distribution chart, Philippine Estates ranks #1343 out of 1753 companies in the Real Estate industry, placing it in the top 76.6%.
Is Philippine Estates' ROC (Joel Greenblatt) % too high?
Philippine Estates' current ROC (Joel Greenblatt) % of 0.89% is 82% below median its 10-year median of 4.91. The Real Estate industry median ROC (Joel Greenblatt) % is 12.50. Philippine Estates' value of 0.89% is 92.9% below this industry median. Based on the distribution chart, Philippine Estates ranks #1343 out of 1753 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Philippine Estates has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Philippine Estates' ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Philippine Estates ranks #1343 out of 1753 companies for ROC (Joel Greenblatt) %. This places Philippine Estates in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.50. Philippine Estates' value of 0.89% is 92.9% below this benchmark. While the company's 10-year median is 4.91 vs. the industry median of 12.50, Philippine Estates 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 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. Philippine Estates's current ROC (Joel Greenblatt) % of 0.89% is 92.9% 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 Philippine Estates 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. Philippine Estates's current ROC (Joel Greenblatt) % is 0.89%, which is 82% below median its own 10-year median of 4.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Philippine Estates stock overvalued right now?
Based on GuruFocus' analysis, Philippine Estates (PHS:PHES) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱0.25, compared to a current price of ₱0.45 — trading 78% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.89%, which is 82% below median its 10-year median of 4.91 and 92.9% below the Real Estate industry median of 12.50. Philippine Estates' overall GF Score™ is 47/100 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 Philippine Estates (PHS:PHES), the current ROC (Joel Greenblatt) % is 0.89% 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 Philippine Estates (PHS:PHES) Overvalued in 2026?
Based on GuruFocus' analysis, Philippine Estates stock appears to be overvalued.
The current stock price of ₱0.45 is trading 78% above its estimated GF Value™ of ₱0.25.
GuruFocus considers Philippine Estates to be Significantly Overvalued.
Key valuation signals for PHS:PHES:
ROC (Joel Greenblatt) %: 0.89% (82% below median its 10-year median of 4.91)
GF Value™: ₱0.25 vs. price of ₱0.45 (78% above fair value)
Industry Position: 92.9% below the Real Estate median (#1343 of 1753)
No single metric tells the full story. See the PHS:PHES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Philippine Estates Corp is principally engaged in the business of holding and developing real estate or other properties for industrial, commercial, residential, leisure or sports purposes, and in pursuance thereof, to acquire by purchase, lease or otherwise, real estate and/or appurtenant properties and/or interest therein. The Group classifies business segments based on location of its real property projects as in the following geographical areas: a) Metro Manila: industrial park and condominium projects, b) Bulacan: subdivision, mixed use, c) Other Luzon Areas such as Cavite: subdivision development, d) Cebu: subdivision, mixed use and condominium projects, e) Iloilo: subdivision, mixed use and condominium projects, f) Davao: administrative office. Key revenue is derived from Iloilo.
47GF Score
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