Marvipol Development (WAR:MVP) ROC (Joel Greenblatt) %: 0.46% (As of Mar. 2026) — 97% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

WAR:MVP Marvipol Development SA WAR:MVP
80 GF Score
Price zł8.54
GF Value zł7.86
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Marvipol Development ROC (Joel Greenblatt) %?

Marvipol Development WAR:MVP 80 ROC (Joel Greenblatt) % is 0.46% as of Mar. 2026, which is 97% below its 10-year median of 16.27. GuruFocus rates WAR:MVP with a GF Score™ of 80/100 and a GF Value™ of zł7.86 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,749 Real Estate companies, Marvipol Development ranks worse than 50.49% 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. Marvipol Development's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.46%.

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

WAR:MVP' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.02   Med: 16.27   Max: 19.12
Current: 12.47

During the past 12 years, Marvipol Development's highest ROC (Joel Greenblatt) % was 19.12%. The lowest was 7.02%. And the median was 16.27%.

WAR:MVP's ROC (Joel Greenblatt) % is ranked worse than
50.49% of 1749 companies
in the Real Estate industry
Industry Median: 12.88 vs WAR:MVP: 12.47

Marvipol Development's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -14.60% per year.


Marvipol Development  (WAR:MVP) 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.


Marvipol Development ROC (Joel Greenblatt) % Related Terms


Marvipol Development ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Marvipol 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.

Marvipol Development ROC (Joel Greenblatt) % Chart

Marvipol Development 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 18.23 18.21 10.91 7.02 10.97

Marvipol Development 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 -3.60 23.49 23.81 3.72 0.46

Marvipol Development ROC (Joel Greenblatt) % Competitor Comparison

For the Real Estate - Development subindustry, Marvipol 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.


Marvipol Development ROC (Joel Greenblatt) % vs Real Estate Industry

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

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


WAR:MVP
80GF Score
Marvipol Development SA WAR:MVP
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marvipol 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:

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)
=(3.96 + 887.397 + 38.238) - (47.068 + 0 + 91.615)
=790.912

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.387 + 918.534 + 30.458) - (32.543 + 0 + 147.983)
=775.853

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Marvipol Development 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 )
=4.136/( ( (120.599 + max(790.912, 0)) + (118.088 + max(775.853, 0)) )/ 2 )
=4.136/( ( 911.511 + 893.941 )/ 2 )
=4.136/902.726
=0.46 %

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 0.46% mean?
Marvipol Development (WAR:MVP) has a ROC (Joel Greenblatt) % of 0.46% 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 Marvipol Development and its competitors. This is 97% below median its historical median of 16.27. Over the past decade, Marvipol Development's ROC (Joel Greenblatt) % has ranged from 7.02 to 19.12. According to the industry distribution chart, Marvipol Development ranks #883 out of 1749 companies in the Real Estate industry, placing it in the top 50.5%.
Is Marvipol Development's ROC (Joel Greenblatt) % too high?
Marvipol Development's current ROC (Joel Greenblatt) % of 0.46% is 97% below median its 10-year median of 16.27. Over the past 10 years, this metric has ranged from a low of 7.02 to a high of 19.12. The Real Estate industry median ROC (Joel Greenblatt) % is 12.88. Marvipol Development's value of 0.46% is 96.4% below this industry median. Based on the distribution chart, Marvipol Development ranks #883 out of 1749 companies in the Real Estate industry, which is below the industry midpoint. Overall, Marvipol Development has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Marvipol Development's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Marvipol Development ranks #883 out of 1749 companies for ROC (Joel Greenblatt) %. This places Marvipol Development in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.88. Marvipol Development's value of 0.46% is 96.4% below this benchmark. Historically, Marvipol Development's own ROC (Joel Greenblatt) % has ranged from 7.02 to 19.12 over the past decade. While the company's 10-year median is 16.27 vs. the industry median of 12.88, Marvipol Development 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 12.88, 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. Marvipol Development's current ROC (Joel Greenblatt) % of 0.46% is 96.4% 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 Marvipol Development and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marvipol Development's current ROC (Joel Greenblatt) % is 0.46%, which is 97% below median its own 10-year median of 16.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marvipol Development stock overvalued right now?
Based on GuruFocus' analysis, Marvipol Development (WAR:MVP) is currently considered Fairly Valued. The stock's GF Value™ is zł7.86, compared to a current price of zł8.54 — trading 8.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 0.46%, which is 97% below median its 10-year median of 16.27 and 96.4% below the Real Estate industry median of 12.88. Marvipol Development's overall GF Score™ is 80/100 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 Marvipol Development (WAR:MVP), the current ROC (Joel Greenblatt) % is 0.46% 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 Marvipol Development (WAR:MVP) Overvalued in 2026?

Based on GuruFocus' analysis, Marvipol Development stock appears to be overvalued. The current stock price of zł8.54 is trading 8.7% above its estimated GF Value™ of zł7.86. GuruFocus considers Marvipol Development to be Fairly Valued.

Key valuation signals for WAR:MVP:

  • ROC (Joel Greenblatt) %: 0.46% (97% below median its 10-year median of 16.27)
  • GF Value™: zł7.86 vs. price of zł8.54 (8.7% above fair value)
  • GF Score™: 80/100 with 7 warning signs
  • Industry Position: 96.4% below the Real Estate median (#883 of 1749)

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


Marvipol Development Business Description

Address ul. Szyszkowa 35/37, Warsaw, POL, 02-285
Marvipol Development SA is a Poland-based company engaged in the real-estate sector. The company conducts its activity through special purpose vehicles in two segments namely Residential and Warehouse projects. Its Residential segment consists of the development of multi-family housing. The Warehouse projects segment is involved in investing in the construction and commercialization, and sale of its commercialized projects.
80GF Score

Get the complete analysis for WAR:MVP

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

zł8.54
Price
zł7.86
GF Value