Swire PropertiesSWPFF 64 ROC (Joel Greenblatt) % is 26.53% as of Dec. 2025, which is 82% below its 10-year median of 143.74. GuruFocus rates SWPFF with a GF Score™ of 64/100 and a GF Value™ of $2.47 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,750 Real Estate companies, Swire Properties ranks worse than 53.43% 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. Swire Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 26.53%.
The historical rank and industry rank for Swire Properties's ROC (Joel Greenblatt) % or its related term are showing as below:
SWPFF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.96 Med: 143.74 Max: 421.67
Current: 10.31
During the past 13 years, Swire Properties's highest ROC (Joel Greenblatt) % was 421.67%. The lowest was 9.96%. And the median was 143.74%.
SWPFF's ROC (Joel Greenblatt) % is ranked worse than 53.43% of 1750
companies
in the Real Estate industry
Industry Median: 12.52
vs SWPFF: 10.31
Swire Properties's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -37.00% 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.
Swire Properties ROC (Joel Greenblatt) % Related Terms
Swire Properties ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Swire Properties'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.
SWPFF vs CBRE, BEKE, CSGP: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, Swire Properties'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.
Swire Properties ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Swire Properties's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Swire Properties'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 26.53% mean?
Swire Properties (SWPFF) has a ROC (Joel Greenblatt) % of 26.53% 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 Swire Properties and its competitors. This is 82% below median its historical median of 143.74. Over the past decade, Swire Properties' ROC (Joel Greenblatt) % has ranged from 9.96 to 421.67. According to the industry distribution chart, Swire Properties ranks #935 out of 1750 companies in the Real Estate industry, placing it in the top 53.4%.
Is Swire Properties' ROC (Joel Greenblatt) % too high?
Swire Properties' current ROC (Joel Greenblatt) % of 26.53% is 82% below median its 10-year median of 143.74. Over the past 10 years, this metric has ranged from a low of 9.96 to a high of 421.67. The Real Estate industry median ROC (Joel Greenblatt) % is 12.52. Swire Properties' value of 26.53% is 111.9% above this industry median. Based on the distribution chart, Swire Properties ranks #935 out of 1750 companies in the Real Estate industry, which is below the industry midpoint. Overall, Swire Properties has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Swire Properties' ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Swire Properties ranks #935 out of 1750 companies for ROC (Joel Greenblatt) %. This places Swire Properties in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.52. Swire Properties' value of 26.53% is 111.9% above this benchmark. Historically, Swire Properties' own ROC (Joel Greenblatt) % has ranged from 9.96 to 421.67 over the past decade. While the company's 10-year median is 143.74 vs. the industry median of 12.52, Swire Properties 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 12.52, based on 1,750 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. Swire Properties's current ROC (Joel Greenblatt) % of 26.53% is 111.9% 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 Swire Properties and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swire Properties's current ROC (Joel Greenblatt) % is 26.53%, which is 82% below median its own 10-year median of 143.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swire Properties stock overvalued right now?
Based on GuruFocus' analysis, Swire Properties (SWPFF) is currently considered Fairly Valued. The stock's GF Value™ is $2.47, compared to a current price of $2.60 — trading 5.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 26.53%, which is 82% below median its 10-year median of 143.74 and 111.9% above the Real Estate industry median of 12.52. Swire Properties' overall GF Score™ is 64/100 with 5 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 Swire Properties (SWPFF), the current ROC (Joel Greenblatt) % is 26.53% 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 Swire Properties (SWPFF) Overvalued in 2026?
Based on GuruFocus' analysis, Swire Properties stock appears to be overvalued.
The current stock price of $2.60 is trading 5.3% above its estimated GF Value™ of $2.47.
GuruFocus considers Swire Properties to be Fairly Valued.
Key valuation signals for SWPFF:
ROC (Joel Greenblatt) %: 26.53% (82% below median its 10-year median of 143.74)
GF Value™: $2.47 vs. price of $2.60 (5.3% above fair value)
Industry Position: 111.9% above the Real Estate median (#935 of 1750)
No single metric tells the full story. See the SWPFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Swire Properties is a Hong Kong-based property investor and Hong Kong's largest office landlord. Its Hong Kong portfolio provides more than 13 million square feet of gross floor area, with its portfolio of grade A office contributing over 9 million square feet. The firm also holds investment properties and development projects in China, the United States, and Southeast Asia. Rental income accounts for more than 60% of its total revenue, with property development and hotel operations contributing the balance. The company was listed in 2012. Parent company Swire Pacific holds an 83% stake.
64GF Score
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