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Polski Holding NieruchomosciWAR:PHN 62 ROC (Joel Greenblatt) % is 52.77% as of Mar. 2026, which is 30% below its 10-year median of 75.11. GuruFocus rates WAR:PHN with a GF Score™ of 62/100 and a GF Value™ of zł11.75 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,750 Real Estate companies, Polski Holding Nieruchomosci ranks better than 73.49% 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. Polski Holding Nieruchomosci's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 52.77%.
The historical rank and industry rank for Polski Holding Nieruchomosci's ROC (Joel Greenblatt) % or its related term are showing as below:
WAR:PHN'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7.91 Med: 75.11 Max: 170.61
Current: 60.34
During the past 13 years, Polski Holding Nieruchomosci's highest ROC (Joel Greenblatt) % was 170.61%. The lowest was -7.91%. And the median was 75.11%.
WAR:PHN's ROC (Joel Greenblatt) % is ranked better than 73.49% of 1750
companies
in the Real Estate industry
Industry Median: 12.795
vs WAR:PHN: 60.34
Polski Holding Nieruchomosci (WAR:PHN) 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.
* 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.
Polski Holding Nieruchomosci ROC (Joel Greenblatt) % Chart
WAR:PHN vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, Polski Holding Nieruchomosci'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.
Polski Holding Nieruchomosci ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Polski Holding Nieruchomosci's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Polski Holding Nieruchomosci's ROC (Joel Greenblatt) % falls into.
Polski Holding Nieruchomosci 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 52.77% mean?
Polski Holding Nieruchomosci (WAR:PHN) has a ROC (Joel Greenblatt) % of 52.77% 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 Polski Holding Nieruchomosci and its competitors. This is 30% below median its historical median of 75.11. According to the industry distribution chart, Polski Holding Nieruchomosci ranks #464 out of 1750 companies in the Real Estate industry, placing it in the top 26.5%.
Is Polski Holding Nieruchomosci's ROC (Joel Greenblatt) % too high?
Polski Holding Nieruchomosci's current ROC (Joel Greenblatt) % of 52.77% is 30% below median its 10-year median of 75.11. The Real Estate industry median ROC (Joel Greenblatt) % is 12.80. Polski Holding Nieruchomosci's value of 52.77% is 312.4% above this industry median. Based on the distribution chart, Polski Holding Nieruchomosci ranks #464 out of 1750 companies in the Real Estate industry, which is above the industry midpoint. Overall, Polski Holding Nieruchomosci has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Polski Holding Nieruchomosci's ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Polski Holding Nieruchomosci ranks #464 out of 1750 companies for ROC (Joel Greenblatt) %. This puts Polski Holding Nieruchomosci in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.80. Polski Holding Nieruchomosci's value of 52.77% is 312.4% above this benchmark. While the company's 10-year median is 75.11 vs. the industry median of 12.80, Polski Holding Nieruchomosci 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 12.80, 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. Polski Holding Nieruchomosci's current ROC (Joel Greenblatt) % of 52.77% is 312.4% 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 Polski Holding Nieruchomosci 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. Polski Holding Nieruchomosci's current ROC (Joel Greenblatt) % is 52.77%, which is 30% below median its own 10-year median of 75.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polski Holding Nieruchomosci stock overvalued right now?
Based on GuruFocus' analysis, Polski Holding Nieruchomosci (WAR:PHN) is currently considered Modestly Undervalued. The stock's GF Value™ is zł11.75, compared to a current price of zł9.28 — trading 21% below its estimated fair value. The current ROC (Joel Greenblatt) % is 52.77%, which is 30% below median its 10-year median of 75.11 and 312.4% above the Real Estate industry median of 12.80. Polski Holding Nieruchomosci's overall GF Score™ is 62/100 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 Polski Holding Nieruchomosci (WAR:PHN), the current ROC (Joel Greenblatt) % is 52.77% 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 Polski Holding Nieruchomosci (WAR:PHN) Overvalued in 2026?
Based on GuruFocus' analysis, Polski Holding Nieruchomosci stock appears to be undervalued.
The current stock price of zł9.28 is trading 21% below its estimated GF Value™ of zł11.75.
GuruFocus considers Polski Holding Nieruchomosci to be Modestly Undervalued.
Key valuation signals for WAR:PHN:
ROC (Joel Greenblatt) %: 52.77% (30% below median its 10-year median of 75.11)
GF Value™: zł11.75 vs. price of zł9.28 (21% below fair value)
Industry Position: 312.4% above the Real Estate median (#464 of 1750)
No single metric tells the full story. See the WAR:PHN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polski Holding Nieruchomosci SA engages in the development, management, sale of commercial and residential real estate. It offers properties for lease and venues for training, business meetings, and recreational activities. The company operates through Lease, Property Development, and Other Activities segments. Lease segment which contributes majority revenue engages in leasing of office, retail, warehouse and logistics space, residential and other properties. Property Development segment deals with construction and sale of residential premises.
62GF Score
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