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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. BBI Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 143.48%.
The historical rank and industry rank for BBI Development's ROC (Joel Greenblatt) % or its related term are showing as below:
WAR:BBD'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -91.2 Med: -2.39 Max: 1338.81
Current: 20.04
During the past 13 years, BBI Development's highest ROC (Joel Greenblatt) % was 1338.81%. The lowest was -91.20%. And the median was -2.39%.
WAR:BBD's ROC (Joel Greenblatt) % is ranked better than 57.66% of 1750
companies
in the Real Estate industry
Industry Median: 12.795
vs WAR:BBD: 20.04
BBI Development's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
BBI Development (WAR:BBD) 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.
BBI Development ROC (Joel Greenblatt) % Related Terms
BBI Development ROC (Joel Greenblatt) % Historical Data
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The historical data trend for BBI Development'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.
BBI Development ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, BBI Development'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.
BBI Development ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, BBI Development's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where BBI Development's ROC (Joel Greenblatt) % falls into.
BBI Development 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 143.48% mean?
BBI Development (WAR:BBD) has a ROC (Joel Greenblatt) % of 143.48% 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 BBI Development and its competitors. According to the industry distribution chart, BBI Development ranks #741 out of 1750 companies in the Real Estate industry, placing it in the top 42.3%.
Is BBI Development's ROC (Joel Greenblatt) % too high?
BBI Development's current ROC (Joel Greenblatt) % is 143.48%. The Real Estate industry median ROC (Joel Greenblatt) % is 12.80. BBI Development's value of 143.48% is 1021.4% above this industry median. Based on the distribution chart, BBI Development ranks #741 out of 1750 companies in the Real Estate industry, which is above the industry midpoint. Overall, BBI Development has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BBI Development's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, BBI Development ranks #741 out of 1750 companies for ROC (Joel Greenblatt) %. This puts BBI Development in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.80. BBI Development's value of 143.48% is 1021.4% above this benchmark. 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 12.80, 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. BBI Development's current ROC (Joel Greenblatt) % of 143.48% is 1021.4% 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 BBI Development and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BBI Development's current ROC (Joel Greenblatt) % is 143.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BBI Development stock overvalued right now?
Based on GuruFocus' analysis, BBI Development (WAR:BBD) is currently considered Fairly Valued. The stock's GF Value™ is zł5.81, compared to a current price of zł5.34 — trading 8.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 143.48% and 1021.4% above the Real Estate industry median of 12.80. BBI Development's overall GF Score™ is 55/100 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 BBI Development (WAR:BBD), the current ROC (Joel Greenblatt) % is 143.48% 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 BBI Development (WAR:BBD) Overvalued in 2026?
Based on GuruFocus' analysis, BBI Development stock appears to be undervalued.
The current stock price of zł5.34 is trading 8.1% below its estimated GF Value™ of zł5.81.
GuruFocus considers BBI Development to be Fairly Valued.
Key valuation signals for WAR:BBD:
ROC (Joel Greenblatt) %: 143.48%
GF Value™: zł5.81 vs. price of zł5.34 (8.1% below fair value)
Industry Position: 1021.4% above the Real Estate median (#741 of 1750)
No single metric tells the full story. See the WAR:BBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BBI Development SA is a Poland based company engaged in investing in the development projects, including financing and managing of real estate projects. Its projects include Zlota 44, Centrum Praskie Koneser and Roma Tower among others.
55GF Score
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ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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