Echo InvestmentWAR:ECH -0.20%74 ROC (Joel Greenblatt) % is 20.07% as of Mar. 2026, which is 42% below its 10-year median of 34.69. GuruFocus rates WAR:ECH with a GF Score™ of 74/100 and a GF Value™ of zł7.84 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,748 Real Estate companies, Echo Investment ranks better than 58.58% 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. Echo Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.07%.
The historical rank and industry rank for Echo Investment's ROC (Joel Greenblatt) % or its related term are showing as below:
WAR:ECH'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 16.72 Med: 34.69 Max: 98.76
Current: 22.08
During the past 13 years, Echo Investment's highest ROC (Joel Greenblatt) % was 98.76%. The lowest was 16.72%. And the median was 34.69%.
WAR:ECH's ROC (Joel Greenblatt) % is ranked better than 58.58% of 1748
companies
in the Real Estate industry
Industry Median: 12.65
vs WAR:ECH: 22.08
Echo Investment's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -5.10% 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.
Echo Investment ROC (Joel Greenblatt) % Related Terms
Echo Investment ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Echo Investment'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.
For the Real Estate - Diversified subindustry, Echo Investment'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.
Echo Investment ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Echo Investment's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Echo Investment'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 20.07% mean?
Echo Investment (WAR:ECH) has a ROC (Joel Greenblatt) % of 20.07% 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 Echo Investment and its competitors. This is 42% below median its historical median of 34.69. Over the past decade, Echo Investment's ROC (Joel Greenblatt) % has ranged from 16.72 to 98.76. According to the industry distribution chart, Echo Investment ranks #724 out of 1748 companies in the Real Estate industry, placing it in the top 41.4%.
Is Echo Investment's ROC (Joel Greenblatt) % too high?
Echo Investment's current ROC (Joel Greenblatt) % of 20.07% is 42% below median its 10-year median of 34.69. Over the past 10 years, this metric has ranged from a low of 16.72 to a high of 98.76. The Real Estate industry median ROC (Joel Greenblatt) % is 12.65. Echo Investment's value of 20.07% is 58.7% above this industry median. Based on the distribution chart, Echo Investment ranks #724 out of 1748 companies in the Real Estate industry, which is above the industry midpoint. Overall, Echo Investment has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Echo Investment's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Echo Investment ranks #724 out of 1748 companies for ROC (Joel Greenblatt) %. This puts Echo Investment in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.65. Echo Investment's value of 20.07% is 58.7% above this benchmark. Historically, Echo Investment's own ROC (Joel Greenblatt) % has ranged from 16.72 to 98.76 over the past decade. While the company's 10-year median is 34.69 vs. the industry median of 12.65, Echo Investment 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 12.65, based on 1,748 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. Echo Investment's current ROC (Joel Greenblatt) % of 20.07% is 58.7% 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 Echo Investment and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Echo Investment's current ROC (Joel Greenblatt) % is 20.07%, which is 42% below median its own 10-year median of 34.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Echo Investment stock overvalued right now?
Based on GuruFocus' analysis, Echo Investment (WAR:ECH) is currently considered Possible Value Trap. The stock's GF Value™ is zł7.84, compared to a current price of zł5.02 — trading 36% below its estimated fair value. The current ROC (Joel Greenblatt) % is 20.07%, which is 42% below median its 10-year median of 34.69 and 58.7% above the Real Estate industry median of 12.65. Echo Investment's overall GF Score™ is 74/100 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 Echo Investment (WAR:ECH), the current ROC (Joel Greenblatt) % is 20.07% 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 Echo Investment (WAR:ECH) Overvalued in 2026?
Based on GuruFocus' analysis, Echo Investment stock appears to be undervalued.
The current stock price of zł5.02 is trading 36% below its estimated GF Value™ of zł7.84.
GuruFocus considers Echo Investment to be Possible Value Trap.
Key valuation signals for WAR:ECH:
ROC (Joel Greenblatt) %: 20.07% (42% below median its 10-year median of 34.69)
GF Value™: zł7.84 vs. price of zł5.02 (36% below fair value)
Industry Position: 58.7% above the Real Estate median (#724 of 1748)
No single metric tells the full story. See the WAR:ECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Echo Investment SA is a Polish development company that builds projects in the office, retail, and residential sectors. The company divides its revenue-generating businesses into four categories: residential, shopping centers, office buildings, and others. The residential segment handles the rental and sale of properties. In the other segment, accounting, leasing, and development services for external clients generate revenue. The residential and retail segments are responsible for generating the largest portions of revenue. A majority of the company's revenue is earned in Poland.
74GF Score
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