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Manulife US REITSGX:BTOU +4.26% ROC (Joel Greenblatt) % is 67.14% as of Jun. 2026. The stock has 7 warning signs investors should review. Among 569 REITs companies, Manulife US REIT ranks worse than 74.17% 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. Manulife US REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 67.14%.
The historical rank and industry rank for Manulife US REIT's ROC (Joel Greenblatt) % or its related term are showing as below:
SGX:BTOU'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1224.87 Med: -699.29 Max: 7.09
Current: 7.09
During the past 13 years, Manulife US REIT's highest ROC (Joel Greenblatt) % was 7.09%. The lowest was -1224.87%. And the median was -699.29%.
SGX:BTOU's ROC (Joel Greenblatt) % is ranked worse than 74.17% of 569
companies
in the REITs industry
Industry Median: 175.63
vs SGX:BTOU: 7.09
Manulife US REIT's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
Manulife US REIT (SGX:BTOU) 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.
Manulife US REIT ROC (Joel Greenblatt) % Related Terms
Manulife US REIT ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Manulife US REIT'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.
SGX:BTOU vs BXP, ARE, VNO: ROC (Joel Greenblatt) % Comparison
For the REIT - Office subindustry, Manulife US REIT'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.
Manulife US REIT ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Manulife US REIT's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Manulife US REIT's ROC (Joel Greenblatt) % falls into.
Manulife US REIT 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 (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 67.14% mean?
Manulife US REIT (SGX:BTOU) has a ROC (Joel Greenblatt) % of 67.14% 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 Manulife US REIT and its competitors. According to the industry distribution chart, Manulife US REIT ranks #422 out of 569 companies in the REITs industry, placing it in the top 74.2%.
Is Manulife US REIT's ROC (Joel Greenblatt) % too high?
Manulife US REIT's current ROC (Joel Greenblatt) % is 67.14%. The REITs industry median ROC (Joel Greenblatt) % is 175.63. Manulife US REIT's value of 67.14% is 61.8% below this industry median. Based on the distribution chart, Manulife US REIT ranks #422 out of 569 companies in the REITs industry, which is below the industry midpoint.
How does Manulife US REIT's ROC (Joel Greenblatt) % compare to BXP and ARE?
According to the REITs industry distribution chart, Manulife US REIT ranks #422 out of 569 companies for ROC (Joel Greenblatt) %. This places Manulife US REIT in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 175.63. Manulife US REIT's value of 67.14% is 61.8% below this benchmark. 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 175.63, based on 569 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. Manulife US REIT's current ROC (Joel Greenblatt) % of 67.14% is 61.8% 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 Manulife US REIT and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 175.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife US REIT's current ROC (Joel Greenblatt) % is 67.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manulife US REIT stock overvalued right now?
Based on GuruFocus' analysis, Manulife US REIT (SGX:BTOU) is currently considered Fairly Valued. The stock's GF Value™ is $0.05, compared to a current price of $0.05 — trading 2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 67.14% and 61.8% below the REITs industry median of 175.63. 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 Manulife US REIT (SGX:BTOU), the current ROC (Joel Greenblatt) % is 67.14% 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.
Manulife US REIT is a pure-play U.S. office REIT in Asia. The company along with its subsidiaries invests, directly or indirectly, in a portfolio of income-producing office real estate in markets in the U.S., as well as real estate-related assets. The Group's investment properties comprise commercial office properties. Some of its properties include Figueroa and Michelson in California along with Plaza and Exchange in New Jersey. Geographically, the majority is derived from the United States.
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