TRNO (Terreno Realty) ROC (Joel Greenblatt) %: 0.00% (As of Mar. 2026)

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TRNO Terreno Realty Corp TRNO
92 GF Score
Price $75.06
GF Value $71.45
Valuation Fairly Valued
! 7 Warning Signs
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What is Terreno Realty ROC (Joel Greenblatt) %?

Terreno Realty TRNO -0.03% 92 ROC (Joel Greenblatt) % is 0.00% as of Mar. 2026. GuruFocus rates TRNO with a GF Score™ of 92/100 and a GF Value™ of $71.45 (Fairly Valued). The stock has 7 warning signs investors should review. Among 585 REITs companies, Terreno Realty ranks worse than 170940% 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. Terreno Realty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.00%.

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

TRNO's ROC (Joel Greenblatt) % is not ranked *
in the REITs industry.
Industry Median: 179.69
* Ranked among companies with meaningful ROC (Joel Greenblatt) % only.

Terreno Realty's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Terreno Realty  (NYSE:TRNO) 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.


Terreno Realty ROC (Joel Greenblatt) % Related Terms


Terreno Realty ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Terreno 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.

Terreno Realty ROC (Joel Greenblatt) % Chart

Terreno 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 0.00 0.00 0.00 0.00 0.00

Terreno Realty Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 0.00 0.00

TRNO vs STAG, REXR, FR: ROC (Joel Greenblatt) % Comparison

For the REIT - Industrial subindustry, Terreno 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.


Terreno Realty ROC (Joel Greenblatt) % vs REITs Industry

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

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


TRNO
92GF Score
Terreno Realty Corp TRNO
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Terreno 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)
=(0 + 0 + 2.912) - (131.46 + 0 + -5.6843418860808E-14)
=-128.548

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 19.716) - (151.669 + 0 + 0)
=-131.953

When net working capital is negative, 0 is used.

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

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=313.684/( ( (0 + max(-128.548, 0)) + (0 + max(-131.953, 0)) )/ 1 )
=313.684/( ( 0 + 0 )/ 1 )
=313.684/0
= %

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 0.00% mean?
Terreno Realty (TRNO) has a ROC (Joel Greenblatt) % of 0.00% 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 Terreno Realty and its competitors. According to the industry distribution chart, Terreno Realty ranks #999999 out of 585 companies in the REITs industry.
Is Terreno Realty's ROC (Joel Greenblatt) % too high?
Terreno Realty's current ROC (Joel Greenblatt) % is 0.00%. Based on the distribution chart, Terreno Realty ranks #999999 out of 585 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Terreno Realty has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Terreno Realty's ROC (Joel Greenblatt) % compare to STAG and REXR?
According to the REITs industry distribution chart, Terreno Realty ranks #999999 out of 585 companies for ROC (Joel Greenblatt) %. This places Terreno Realty in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 179.69. 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 179.69, based on 585 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. 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 Terreno Realty and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 179.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Terreno Realty's current ROC (Joel Greenblatt) % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Terreno Realty stock overvalued right now?
Based on GuruFocus' analysis, Terreno Realty (TRNO) is currently considered Fairly Valued. The stock's GF Value™ is $71.45, compared to a current price of $75.06 — trading 5.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.00%. Terreno Realty's overall GF Score™ is 92/100 with 7 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 Terreno Realty (TRNO), the current ROC (Joel Greenblatt) % is 0.00% 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 Terreno Realty (TRNO) Overvalued in 2026?

Based on GuruFocus' analysis, Terreno Realty stock appears to be overvalued. The current stock price of $75.06 is trading 5.1% above its estimated GF Value™ of $71.45. GuruFocus considers Terreno Realty to be Fairly Valued.

Key valuation signals for TRNO:

  • ROC (Joel Greenblatt) %: 0.00%
  • GF Value™: $71.45 vs. price of $75.06 (5.1% above fair value)
  • GF Score™: 92/100 with 7 warning signs

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


Terreno Realty Business Description

Industry Real EstateREITs
Other Exchanges T37:Germany
Address 10500 NE 8th Street, Suite 1910, Bellevue, WA, USA, 98004
Terreno Realty Corp is a real estate investment trust engaged in acquiring, owning, and operating industrial real estate in six coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. The company invests in several types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development), transshipment, and improved land.
92GF Score

Get the complete analysis for TRNO

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

$75.06
Price
$71.45
GF Value