SM Prime HoldingsSPHXF 49 ROC (Joel Greenblatt) % is 93.64% as of Mar. 2026, which is 10% above its 10-year median of 85.39. GuruFocus rates SPHXF with a GF Score™ of 49/100 and a GF Value™ of $0.50 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,751 Real Estate companies, SM Prime Holdings ranks better than 76.47% 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. SM Prime Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 93.64%.
The historical rank and industry rank for SM Prime Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
SPHXF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 66.97 Med: 85.39 Max: 189.08
Current: 85.47
During the past 13 years, SM Prime Holdings's highest ROC (Joel Greenblatt) % was 189.08%. The lowest was 66.97%. And the median was 85.39%.
SPHXF's ROC (Joel Greenblatt) % is ranked better than 76.47% of 1751
companies
in the Real Estate industry
Industry Median: 12.62
vs SPHXF: 85.47
SM Prime Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.10% per year.
SM Prime Holdings (OTCPK:SPHXF) 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.
SM Prime Holdings ROC (Joel Greenblatt) % Related Terms
SM Prime Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for SM Prime Holdings'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.
SM Prime Holdings ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Diversified subindustry, SM Prime Holdings'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.
SM Prime Holdings ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, SM Prime Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SM Prime Holdings's ROC (Joel Greenblatt) % falls into.
SM Prime Holdings 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 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 93.64% mean?
SM Prime Holdings (SPHXF) has a ROC (Joel Greenblatt) % of 93.64% 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 SM Prime Holdings and its competitors. This is 10% above median its historical median of 85.39. Over the past decade, SM Prime Holdings' ROC (Joel Greenblatt) % has ranged from 66.97 to 189.08. According to the industry distribution chart, SM Prime Holdings ranks #412 out of 1751 companies in the Real Estate industry, placing it in the top 23.5%.
Is SM Prime Holdings' ROC (Joel Greenblatt) % too high?
SM Prime Holdings' current ROC (Joel Greenblatt) % of 93.64% is 10% above median its 10-year median of 85.39. Over the past 10 years, this metric has ranged from a low of 66.97 to a high of 189.08. The Real Estate industry median ROC (Joel Greenblatt) % is 12.62. SM Prime Holdings' value of 93.64% is 642% above this industry median. Based on the distribution chart, SM Prime Holdings ranks #412 out of 1751 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, SM Prime Holdings has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SM Prime Holdings' ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, SM Prime Holdings ranks #412 out of 1751 companies for ROC (Joel Greenblatt) %. This places SM Prime Holdings in the top 24% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.62. SM Prime Holdings' value of 93.64% is 642% above this benchmark. Historically, SM Prime Holdings' own ROC (Joel Greenblatt) % has ranged from 66.97 to 189.08 over the past decade. While the company's 10-year median is 85.39 vs. the industry median of 12.62, SM Prime Holdings 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 12.62, 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. SM Prime Holdings's current ROC (Joel Greenblatt) % of 93.64% is 642% 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 SM Prime Holdings and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SM Prime Holdings's current ROC (Joel Greenblatt) % is 93.64%, which is 10% above median its own 10-year median of 85.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SM Prime Holdings stock overvalued right now?
Based on GuruFocus' analysis, SM Prime Holdings (SPHXF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.50, compared to a current price of $0.30 — trading 40.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 93.64%, which is 10% above median its 10-year median of 85.39 and 642% above the Real Estate industry median of 12.62. SM Prime Holdings' overall GF Score™ is 49/100 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 SM Prime Holdings (SPHXF), the current ROC (Joel Greenblatt) % is 93.64% 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 SM Prime Holdings (SPHXF) Overvalued in 2026?
Based on GuruFocus' analysis, SM Prime Holdings stock appears to be undervalued.
The current stock price of $0.30 is trading 40.7% below its estimated GF Value™ of $0.50.
GuruFocus considers SM Prime Holdings to be Possible Value Trap.
Key valuation signals for SPHXF:
ROC (Joel Greenblatt) %: 93.64% (10% above median its 10-year median of 85.39)
GF Value™: $0.50 vs. price of $0.30 (40.7% below fair value)
Industry Position: 642% above the Real Estate median (#412 of 1751)
No single metric tells the full story. See the SPHXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SM Prime Holdings Inc is an integrated property developer. It is engaged in acquiring and developing real estate, conducting and maintaining commercial shopping centers, and constructing and managing buildings such as condominiums, apartments, hotels, restaurants, stores, and other structures for mixed-use purposes. The company has four business segments, namely, malls, residential, commercial, and integrated property developments and hotels and convention centers. It generates maximum revenue from the Malls segment, which develops, conducts, operates, and maintains the business of commercial shopping centers for rent, amusement centers, or cinema theaters within the compound of the shopping centers.
49GF Score
Get the complete analysis for SPHXF
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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