Shurgard Self StorageSSSAF 71 ROC (Joel Greenblatt) % is 10,663.50% as of Dec. 2025, which is 45% below its 10-year median of 19,264.48. GuruFocus rates SSSAF with a GF Scoreâ„¢ of 71/100 and a GF Valueâ„¢ of $49.24 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 588 REITs companies, Shurgard Self Storage ranks better than 93.37% 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. Shurgard Self Storage's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 10,663.50%.
The historical rank and industry rank for Shurgard Self Storage's ROC (Joel Greenblatt) % or its related term are showing as below:
SSSAF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10041.75 Med: 19264.48 Max: 28521
Current: 15096.58
During the past 12 years, Shurgard Self Storage's highest ROC (Joel Greenblatt) % was 28521.00%. The lowest was 10041.75%. And the median was 19264.48%.
SSSAF's ROC (Joel Greenblatt) % is ranked better than 93.37% of 588
companies
in the REITs industry
Industry Median: 178.7
vs SSSAF: 15096.58
Shurgard Self Storage's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -0.20% 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.
Shurgard Self Storage ROC (Joel Greenblatt) % Related Terms
Shurgard Self Storage ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Shurgard Self Storage'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.
SSSAF vs EQIX, AMT, DLR: ROC (Joel Greenblatt) % Comparison
For the REIT - Specialty subindustry, Shurgard Self Storage'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.
Shurgard Self Storage ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Shurgard Self Storage's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shurgard Self Storage'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 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 10,663.50% mean?
Shurgard Self Storage (SSSAF) has a ROC (Joel Greenblatt) % of 10,663.50% 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 Shurgard Self Storage and its competitors. This is 45% below median its historical median of 19,264.48. Over the past decade, Shurgard Self Storage's ROC (Joel Greenblatt) % has ranged from 10,041.75 to 28,521.00. According to the industry distribution chart, Shurgard Self Storage ranks #39 out of 588 companies in the REITs industry, placing it in the top 6.6%.
Is Shurgard Self Storage's ROC (Joel Greenblatt) % too high?
Shurgard Self Storage's current ROC (Joel Greenblatt) % of 10,663.50% is 45% below median its 10-year median of 19,264.48. Over the past 10 years, this metric has ranged from a low of 10,041.75 to a high of 28,521.00. The REITs industry median ROC (Joel Greenblatt) % is 178.70. Shurgard Self Storage's value of 10,663.50% is 5867.3% above this industry median. Based on the distribution chart, Shurgard Self Storage ranks #39 out of 588 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Shurgard Self Storage has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shurgard Self Storage's ROC (Joel Greenblatt) % compare to EQIX and AMT?
According to the REITs industry distribution chart, Shurgard Self Storage ranks #39 out of 588 companies for ROC (Joel Greenblatt) %. This places Shurgard Self Storage in the top 7% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 178.70. Shurgard Self Storage's value of 10,663.50% is 5867.3% above this benchmark. Historically, Shurgard Self Storage's own ROC (Joel Greenblatt) % has ranged from 10,041.75 to 28,521.00 over the past decade. While the company's 10-year median is 19,264.48 vs. the industry median of 178.70, Shurgard Self Storage 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 178.70, based on 588 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. Shurgard Self Storage's current ROC (Joel Greenblatt) % of 10,663.50% is 5867.3% 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 Shurgard Self Storage and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 178.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shurgard Self Storage's current ROC (Joel Greenblatt) % is 10,663.50%, which is 45% below median its own 10-year median of 19,264.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shurgard Self Storage stock overvalued right now?
Based on GuruFocus' analysis, Shurgard Self Storage (SSSAF) is currently considered Possible Value Trap. The stock's GF Value™ is $49.24, compared to a current price of $29.64 — trading 39.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 10,663.50%, which is 45% below median its 10-year median of 19,264.48 and 5867.3% above the REITs industry median of 178.70. Shurgard Self Storage's overall GF Score™ is 71/100 with 6 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 Shurgard Self Storage (SSSAF), the current ROC (Joel Greenblatt) % is 10,663.50% 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 Shurgard Self Storage (SSSAF) Overvalued in 2026?
Based on GuruFocus' analysis, Shurgard Self Storage stock appears to be undervalued.
The current stock price of $29.64 is trading 39.8% below its estimated GF Value™ of $49.24.
GuruFocus considers Shurgard Self Storage to be Possible Value Trap.
Key valuation signals for SSSAF:
ROC (Joel Greenblatt) %: 10,663.50% (45% below median its 10-year median of 19,264.48)
GF Value™: $49.24 vs. price of $29.64 (39.8% below fair value)
Industry Position: 5867.3% above the REITs median (#39 of 588)
No single metric tells the full story. See the SSSAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shurgard Self Storage Ltd is an owner and operator of self-storage centers. The company has two reportable segments namely Same Stores and Non-Same Stores. It generates maximum revenue from the Same Stores segment. Geographically, the company derives the majority revenue from UK and also has a presence in the Netherlands, France, Sweden, Belgium, Germany and Denmark among others. It generates revenue through the lease of storage units and related activities, including insurance referrals and the sale of storage products and packaging.
71GF Score
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