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Derayah REIT FundSAU:4339 -0.19%67 ROC (Joel Greenblatt) % is 113.28% as of Dec. 2025, which is 64% below its 10-year median of 312.05. GuruFocus rates SAU:4339 with a GF Score™ of 67/100 and a GF Value™ of ﷼5.87 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 576 REITs companies, Derayah REIT Fund ranks worse than 52.26% 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. Derayah REIT Fund's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 113.28%.
The historical rank and industry rank for Derayah REIT Fund's ROC (Joel Greenblatt) % or its related term are showing as below:
SAU:4339'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 146.57 Med: 312.05 Max: 440.89
Current: 146.57
During the past 8 years, Derayah REIT Fund's highest ROC (Joel Greenblatt) % was 440.89%. The lowest was 146.57%. And the median was 312.05%.
SAU:4339's ROC (Joel Greenblatt) % is ranked worse than 52.26% of 576
companies
in the REITs industry
Industry Median: 169.935
vs SAU:4339: 146.57
Derayah REIT Fund's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -17.60% per year.
Derayah REIT Fund (SAU:4339) 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.
Derayah REIT Fund ROC (Joel Greenblatt) % Related Terms
Derayah REIT Fund ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Derayah REIT Fund'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.
SAU:4339 vs VICI, WPC: ROC (Joel Greenblatt) % Comparison
For the REIT - Diversified subindustry, Derayah REIT Fund'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.
Derayah REIT Fund ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Derayah REIT Fund's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Derayah REIT Fund's ROC (Joel Greenblatt) % falls into.
Derayah REIT Fund 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 two times the semi-annual (Dec. 2025) 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 113.28% mean?
Derayah REIT Fund (SAU:4339) has a ROC (Joel Greenblatt) % of 113.28% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Derayah REIT Fund and its competitors. This is 64% below median its historical median of 312.05. Over the past decade, Derayah REIT Fund's ROC (Joel Greenblatt) % has ranged from 146.57 to 440.89. According to the industry distribution chart, Derayah REIT Fund ranks #301 out of 576 companies in the REITs industry, placing it in the top 52.3%.
Is Derayah REIT Fund's ROC (Joel Greenblatt) % too high?
Derayah REIT Fund's current ROC (Joel Greenblatt) % of 113.28% is 64% below median its 10-year median of 312.05. Over the past 10 years, this metric has ranged from a low of 146.57 to a high of 440.89. The REITs industry median ROC (Joel Greenblatt) % is 169.94. Derayah REIT Fund's value of 113.28% is 33.3% below this industry median. Based on the distribution chart, Derayah REIT Fund ranks #301 out of 576 companies in the REITs industry, which is below the industry midpoint. Overall, Derayah REIT Fund has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Derayah REIT Fund's ROC (Joel Greenblatt) % compare to VICI and WPC?
According to the REITs industry distribution chart, Derayah REIT Fund ranks #301 out of 576 companies for ROC (Joel Greenblatt) %. This places Derayah REIT Fund in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 169.94. Derayah REIT Fund's value of 113.28% is 33.3% below this benchmark. Historically, Derayah REIT Fund's own ROC (Joel Greenblatt) % has ranged from 146.57 to 440.89 over the past decade. While the company's 10-year median is 312.05 vs. the industry median of 169.94, Derayah REIT Fund 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 169.94, based on 576 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. Derayah REIT Fund's current ROC (Joel Greenblatt) % of 113.28% is 33.3% 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 Derayah REIT Fund and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 169.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Derayah REIT Fund's current ROC (Joel Greenblatt) % is 113.28%, which is 64% below median its own 10-year median of 312.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Derayah REIT Fund stock overvalued right now?
Based on GuruFocus' analysis, Derayah REIT Fund (SAU:4339) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼5.87, compared to a current price of ﷼5.29 — trading 9.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 113.28%, which is 64% below median its 10-year median of 312.05 and 33.3% below the REITs industry median of 169.94. Derayah REIT Fund's overall GF Score™ is 67/100 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 Derayah REIT Fund (SAU:4339), the current ROC (Joel Greenblatt) % is 113.28% as of Dec. 2025. 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 Derayah REIT Fund (SAU:4339) Overvalued in 2026?
Based on GuruFocus' analysis, Derayah REIT Fund stock appears to be undervalued.
The current stock price of ﷼5.29 is trading 9.9% below its estimated GF Value™ of ﷼5.87.
GuruFocus considers Derayah REIT Fund to be Modestly Undervalued.
Key valuation signals for SAU:4339:
ROC (Joel Greenblatt) %: 113.28% (64% below median its 10-year median of 312.05)
GF Value™: ﷼5.87 vs. price of ﷼5.29 (9.9% below fair value)
Industry Position: 33.3% below the REITs median (#301 of 576)
No single metric tells the full story. See the SAU:4339 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Derayah REIT Fund operates as a real estate investment company in Saudi Arabia. Its aim is to generate income on the invested capital by acquiring a number of diverse, completed, and income-generating real estate assets in Saudi Arabia with the exception of Mecca and Medina. The company services include Real Estate, Unified Trading, Margin Financing, Asset Management, Equity, and Alternative investment funds.
67GF Score
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