APAC Realty (SGX:CLN) ROC (Joel Greenblatt) %: 34.88% (As of Jun. 2026) — 34% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SGX:CLN APAC Realty Ltd SGX:CLN
66 GF Score
Price S$0.62
GF Value S$0.45
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is APAC Realty ROC (Joel Greenblatt) %?

APAC Realty SGX:CLN 66 ROC (Joel Greenblatt) % is 34.88% as of Jun. 2026, which is 34% below its 10-year median of 53.02. GuruFocus rates SGX:CLN with a GF Score™ of 66/100 and a GF Value™ of S$0.45 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,751 Real Estate companies, APAC Realty ranks better than 64.99% 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. APAC Realty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 34.88%.

The historical rank and industry rank for APAC Realty's ROC (Joel Greenblatt) % or its related term are showing as below:

SGX:CLN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.79   Med: 53.02   Max: 2581.21
Current: 34.61

During the past 12 years, APAC Realty's highest ROC (Joel Greenblatt) % was 2581.21%. The lowest was 14.79%. And the median was 53.02%.

SGX:CLN's ROC (Joel Greenblatt) % is ranked better than
64.99% of 1751 companies
in the Real Estate industry
Industry Median: 13.51 vs SGX:CLN: 34.61

APAC Realty's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -16.00% per year.


APAC Realty  (SGX:CLN) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


APAC Realty ROC (Joel Greenblatt) % Related Terms


APAC Realty ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for APAC Realty'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.

APAC Realty ROC (Joel Greenblatt) % Chart

APAC Realty Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.92 45.48 21.26 14.79 37.89

APAC Realty Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.33 13.79 41.37 34.39 34.88

SGX:CLN vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison

For the Real Estate Services subindustry, APAC Realty'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.


APAC Realty ROC (Joel Greenblatt) % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, APAC Realty's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where APAC Realty's ROC (Joel Greenblatt) % falls into.


SGX:CLN
66GF Score
APAC Realty Ltd SGX:CLN
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

APAC Realty 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(115.75 + 0 + 3.442) - (81.546 + 0 + 70.408)
=-32.762

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(108.422 + 0 + 1.745) - (132.539 + 0 + 6.433)
=-28.805

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of APAC Realty for the quarter that ended in Jun. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=23.872/( ( (68.923 + max(-32.762, 0)) + (67.968 + max(-28.805, 0)) )/ 2 )
=23.872/( ( 68.923 + 67.968 )/ 2 )
=23.872/68.4455
=34.88 %

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 34.88% mean?
APAC Realty (SGX:CLN) has a ROC (Joel Greenblatt) % of 34.88% 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 APAC Realty and its competitors. This is 34% below median its historical median of 53.02. Over the past decade, APAC Realty's ROC (Joel Greenblatt) % has ranged from 14.79 to 2,581.21. According to the industry distribution chart, APAC Realty ranks #613 out of 1751 companies in the Real Estate industry, placing it in the top 35%.
Is APAC Realty's ROC (Joel Greenblatt) % too high?
APAC Realty's current ROC (Joel Greenblatt) % of 34.88% is 34% below median its 10-year median of 53.02. Over the past 10 years, this metric has ranged from a low of 14.79 to a high of 2,581.21. The Real Estate industry median ROC (Joel Greenblatt) % is 13.51. APAC Realty's value of 34.88% is 158.2% above this industry median. Based on the distribution chart, APAC Realty ranks #613 out of 1751 companies in the Real Estate industry, which is above the industry midpoint. Overall, APAC Realty has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does APAC Realty's ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, APAC Realty ranks #613 out of 1751 companies for ROC (Joel Greenblatt) %. This puts APAC Realty in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 13.51. APAC Realty's value of 34.88% is 158.2% above this benchmark. Historically, APAC Realty's own ROC (Joel Greenblatt) % has ranged from 14.79 to 2,581.21 over the past decade. While the company's 10-year median is 53.02 vs. the industry median of 13.51, APAC Realty 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 13.51, based on 1,751 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. APAC Realty's current ROC (Joel Greenblatt) % of 34.88% is 158.2% 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 APAC Realty and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 13.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APAC Realty's current ROC (Joel Greenblatt) % is 34.88%, which is 34% below median its own 10-year median of 53.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APAC Realty stock overvalued right now?
Based on GuruFocus' analysis, APAC Realty (SGX:CLN) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.45, compared to a current price of S$0.62 — trading 37.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 34.88%, which is 34% below median its 10-year median of 53.02 and 158.2% above the Real Estate industry median of 13.51. APAC Realty's overall GF Score™ is 66/100 with 4 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 APAC Realty (SGX:CLN), the current ROC (Joel Greenblatt) % is 34.88% 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 APAC Realty (SGX:CLN) Overvalued in 2026?

Based on GuruFocus' analysis, APAC Realty stock appears to be overvalued. The current stock price of S$0.62 is trading 37.8% above its estimated GF Value™ of S$0.45. GuruFocus considers APAC Realty to be Significantly Overvalued.

Key valuation signals for SGX:CLN:

  • ROC (Joel Greenblatt) %: 34.88% (34% below median its 10-year median of 53.02)
  • GF Value™: S$0.45 vs. price of S$0.62 (37.8% above fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 158.2% above the Real Estate median (#613 of 1751)

No single metric tells the full story. See the SGX:CLN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


APAC Realty Business Description

Address 450 Lorong 6 Toa Payoh, No 03-01 ERA APAC Centre, Singapore, SGP, 319394
APAC Realty Ltd is a real estate services provider in Asia. The company operates three main business segments, namelyReal estate brokerage income; Rental income, and Others. Its real estate brokerage services are operated by its wholly-owned subsidiary ERA Realty Network Pte Ltd under the ERA brand. Geographically its operates in Singapore, Indonesia, Vietnam and Others. The majority of revenue is from Singapore.
66GF Score

Get the complete analysis for SGX:CLN

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$0.62
Price
S$0.45
GF Value