Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Lokum DeweloperWAR:LKD -4.31%65 ROC (Joel Greenblatt) % is 6.42% as of Mar. 2026, which is 60% below its 10-year median of 15.91. GuruFocus rates WAR:LKD with a GF Score™ of 65/100 and a GF Value™ of zł10.08 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,749 Real Estate companies, Lokum Deweloper ranks worse than 70.15% 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. Lokum Deweloper's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.42%.
The historical rank and industry rank for Lokum Deweloper's ROC (Joel Greenblatt) % or its related term are showing as below:
WAR:LKD'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.88 Med: 15.91 Max: 33.9
Current: 2.88
During the past 11 years, Lokum Deweloper's highest ROC (Joel Greenblatt) % was 33.90%. The lowest was 2.88%. And the median was 15.91%.
WAR:LKD's ROC (Joel Greenblatt) % is ranked worse than 70.15% of 1749
companies
in the Real Estate industry
Industry Median: 13.16
vs WAR:LKD: 2.88
Lokum Deweloper's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.00% per year.
Lokum Deweloper (WAR:LKD) 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.
Lokum Deweloper ROC (Joel Greenblatt) % Related Terms
Lokum Deweloper ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Lokum Deweloper'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.
Lokum Deweloper ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, Lokum Deweloper'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.
Lokum Deweloper ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Lokum Deweloper's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lokum Deweloper's ROC (Joel Greenblatt) % falls into.
Lokum Deweloper 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 6.42% mean?
Lokum Deweloper (WAR:LKD) has a ROC (Joel Greenblatt) % of 6.42% 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 Lokum Deweloper and its competitors. This is 60% below median its historical median of 15.91. Over the past decade, Lokum Deweloper's ROC (Joel Greenblatt) % has ranged from 2.88 to 33.90. According to the industry distribution chart, Lokum Deweloper ranks #1227 out of 1749 companies in the Real Estate industry, placing it in the top 70.2%.
Is Lokum Deweloper's ROC (Joel Greenblatt) % too high?
Lokum Deweloper's current ROC (Joel Greenblatt) % of 6.42% is 60% below median its 10-year median of 15.91. Over the past 10 years, this metric has ranged from a low of 2.88 to a high of 33.90. The Real Estate industry median ROC (Joel Greenblatt) % is 13.16. Lokum Deweloper's value of 6.42% is 51.2% below this industry median. Based on the distribution chart, Lokum Deweloper ranks #1227 out of 1749 companies in the Real Estate industry, which is below the industry midpoint. Overall, Lokum Deweloper has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lokum Deweloper's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Lokum Deweloper ranks #1227 out of 1749 companies for ROC (Joel Greenblatt) %. This places Lokum Deweloper in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.16. Lokum Deweloper's value of 6.42% is 51.2% below this benchmark. Historically, Lokum Deweloper's own ROC (Joel Greenblatt) % has ranged from 2.88 to 33.90 over the past decade. While the company's 10-year median is 15.91 vs. the industry median of 13.16, Lokum Deweloper has consistently been below 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 13.16, based on 1,749 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. Lokum Deweloper's current ROC (Joel Greenblatt) % of 6.42% is 51.2% below 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 Lokum Deweloper and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 13.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lokum Deweloper's current ROC (Joel Greenblatt) % is 6.42%, which is 60% below median its own 10-year median of 15.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lokum Deweloper stock overvalued right now?
Based on GuruFocus' analysis, Lokum Deweloper (WAR:LKD) is currently considered Significantly Overvalued. The stock's GF Value™ is zł10.08, compared to a current price of zł22.20 — trading 120.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 6.42%, which is 60% below median its 10-year median of 15.91 and 51.2% below the Real Estate industry median of 13.16. Lokum Deweloper's overall GF Score™ is 65/100 with 4 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 Lokum Deweloper (WAR:LKD), the current ROC (Joel Greenblatt) % is 6.42% 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 Lokum Deweloper (WAR:LKD) Overvalued in 2026?
Based on GuruFocus' analysis, Lokum Deweloper stock appears to be overvalued.
The current stock price of zł22.20 is trading 120.2% above its estimated GF Value™ of zł10.08.
GuruFocus considers Lokum Deweloper to be Significantly Overvalued.
Key valuation signals for WAR:LKD:
ROC (Joel Greenblatt) %: 6.42% (60% below median its 10-year median of 15.91)
GF Value™: zł10.08 vs. price of zł22.20 (120.2% above fair value)
Industry Position: 51.2% below the Real Estate median (#1227 of 1749)
No single metric tells the full story. See the WAR:LKD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lokum Deweloper SA is engaged in the development and sale of flats. The company creates comfortable and functional apartments as well as commercial and service premises in the center of Wroclaw.
65GF Score
Get the complete analysis for WAR:LKD
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WAR:LKD has been successfully added to your 
