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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. Veris Residential's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 237.47%.
The historical rank and industry rank for Veris Residential's ROC (Joel Greenblatt) % or its related term are showing as below:
VRE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -22.08 Med: 85.35 Max: 3548.05
Current: 371.02
During the past 13 years, Veris Residential's highest ROC (Joel Greenblatt) % was 3548.05%. The lowest was -22.08%. And the median was 85.35%.
VRE's ROC (Joel Greenblatt) % is not ranked
in the REITs industry.
Industry Median: 174.15
vs VRE: 371.02
Veris Residential's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Veris Residential ROC (Joel Greenblatt) % Related Terms
Veris Residential ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Veris Residential'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.
VRE vs UMH, CSR, NXRT: ROC (Joel Greenblatt) % Comparison
For the REIT - Residential subindustry, Veris Residential'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.
Veris Residential ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Veris Residential's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Veris Residential'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 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 237.47% mean?
Veris Residential (VRE) has a ROC (Joel Greenblatt) % of 237.47% 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 Veris Residential and its competitors. This is 178% above median its historical median of 85.35.
Is Veris Residential's ROC (Joel Greenblatt) % too high?
Veris Residential's current ROC (Joel Greenblatt) % of 237.47% is 178% above median its 10-year median of 85.35. The REITs industry median ROC (Joel Greenblatt) % is 174.15. Veris Residential's value of 237.47% is 36.4% above this industry median. Overall, Veris Residential has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Veris Residential's ROC (Joel Greenblatt) % compare to UMH and CSR?
Veris Residential's ROC (Joel Greenblatt) % of 237.47% can be compared against companies in the REITs industry. The industry median ROC (Joel Greenblatt) % is 174.15. Veris Residential's value of 237.47% is 36.4% above this benchmark. While the company's 10-year median is 85.35 vs. the industry median of 174.15, Veris Residential 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 174.15, based on 577 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. Veris Residential's current ROC (Joel Greenblatt) % of 237.47% is 36.4% 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 Veris Residential and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 174.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veris Residential's current ROC (Joel Greenblatt) % is 237.47%, which is 178% above median its own 10-year median of 85.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veris Residential stock overvalued right now?
Veris Residential (VRE) has a current ROC (Joel Greenblatt) % of 237.47%. The stock's GF Value™ is $16.95, compared to a current price of $18.99 — trading 12% above its estimated fair value. The current ROC (Joel Greenblatt) % is 237.47%, which is 178% above median its 10-year median of 85.35 and 36.4% above the REITs industry median of 174.15. Veris Residential's overall GF Score™ is 41/100 with 9 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 Veris Residential (VRE), the current ROC (Joel Greenblatt) % is 237.47% 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 Veris Residential (VRE) Overvalued in 2026?
Based on GuruFocus' analysis, Veris Residential stock appears to be overvalued.
The current stock price of $18.99 is trading 12% above its estimated GF Value™ of $16.95.
Key valuation signals for VRE:
ROC (Joel Greenblatt) %: 237.47% (178% above median its 10-year median of 85.35)
GF Value™: $16.95 vs. price of $18.99 (12% above fair value)
No single metric tells the full story. See the VRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Veris Residential Inc is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The company owns and operates a real estate portfolio comprised predominantly of multifamily rental properties located mainly in the Northeast and Class A office properties. The company performs substantially all real estate management, leasing, acquisition and development on an in-house basis. The properties are in three states in the Northeast, plus the District of Columbia. The company operates in two industry segments multifamily real estate & services and commercial & other real estate. The majority of revenue is from Multifamily real estate services.
41GF Score
Get the complete analysis for VRE
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