Realia BusinessXMAD:RLIA -0.98%53 ROC (Joel Greenblatt) % is 32.02% as of Dec. 2025, which is 13% above its 10-year median of 28.41. GuruFocus rates XMAD:RLIA with a GF Score™ of 53/100 and a GF Value™ of €0.57 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,748 Real Estate companies, Realia Business ranks better than 62.3% 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. Realia Business's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 32.02%.
The historical rank and industry rank for Realia Business's ROC (Joel Greenblatt) % or its related term are showing as below:
XMAD:RLIA'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.8 Med: 28.41 Max: 42
Current: 28.34
During the past 13 years, Realia Business's highest ROC (Joel Greenblatt) % was 42.00%. The lowest was 5.80%. And the median was 28.41%.
XMAD:RLIA's ROC (Joel Greenblatt) % is ranked better than 62.3% of 1748
companies
in the Real Estate industry
Industry Median: 12.585
vs XMAD:RLIA: 28.34
Realia Business's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 23.30% per year.
Realia Business (XMAD:RLIA) 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.
Realia Business ROC (Joel Greenblatt) % Related Terms
Realia Business ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Realia Business'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.
XMAD:RLIA vs CBRE, BEKE, JLL: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, Realia Business'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.
Realia Business ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Realia Business's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Realia Business's ROC (Joel Greenblatt) % falls into.
Realia Business 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 two times the semi-annual (Dec. 2025) 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 32.02% mean?
Realia Business (XMAD:RLIA) has a ROC (Joel Greenblatt) % of 32.02% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Realia Business and its competitors. This is 13% above median its historical median of 28.41. Over the past decade, Realia Business' ROC (Joel Greenblatt) % has ranged from 5.80 to 42.00. According to the industry distribution chart, Realia Business ranks #659 out of 1748 companies in the Real Estate industry, placing it in the top 37.7%.
Is Realia Business' ROC (Joel Greenblatt) % too high?
Realia Business' current ROC (Joel Greenblatt) % of 32.02% is 13% above median its 10-year median of 28.41. Over the past 10 years, this metric has ranged from a low of 5.80 to a high of 42.00. The Real Estate industry median ROC (Joel Greenblatt) % is 12.59. Realia Business' value of 32.02% is 154.4% above this industry median. Based on the distribution chart, Realia Business ranks #659 out of 1748 companies in the Real Estate industry, which is above the industry midpoint. Overall, Realia Business has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Realia Business' ROC (Joel Greenblatt) % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Realia Business ranks #659 out of 1748 companies for ROC (Joel Greenblatt) %. This puts Realia Business in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.59. Realia Business' value of 32.02% is 154.4% above this benchmark. Historically, Realia Business' own ROC (Joel Greenblatt) % has ranged from 5.80 to 42.00 over the past decade. While the company's 10-year median is 28.41 vs. the industry median of 12.59, Realia Business 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 12.59, 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. Realia Business's current ROC (Joel Greenblatt) % of 32.02% is 154.4% 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 Realia Business and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Realia Business's current ROC (Joel Greenblatt) % is 32.02%, which is 13% above median its own 10-year median of 28.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Realia Business stock overvalued right now?
Based on GuruFocus' analysis, Realia Business (XMAD:RLIA) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.57, compared to a current price of €1.01 — trading 77.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 32.02%, which is 13% above median its 10-year median of 28.41 and 154.4% above the Real Estate industry median of 12.59. Realia Business' overall GF Score™ is 53/100 with 8 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 Realia Business (XMAD:RLIA), the current ROC (Joel Greenblatt) % is 32.02% as of Dec. 2025. 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 Realia Business (XMAD:RLIA) Overvalued in 2026?
Based on GuruFocus' analysis, Realia Business stock appears to be overvalued.
The current stock price of €1.01 is trading 77.2% above its estimated GF Value™ of €0.57.
GuruFocus considers Realia Business to be Significantly Overvalued.
Key valuation signals for XMAD:RLIA:
ROC (Joel Greenblatt) %: 32.02% (13% above median its 10-year median of 28.41)
GF Value™: €0.57 vs. price of €1.01 (77.2% above fair value)
Industry Position: 154.4% above the Real Estate median (#659 of 1748)
No single metric tells the full story. See the XMAD:RLIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Realia Business SA is a real estate company. It is mainly engaged in the promotion, management, and operation of all kinds of real estate assets. Its areas of activity include property, through the development and lease of its own offices and shopping centers, the development of housing and land management. In addition, the company holds a diversified portfolio of tenants, including great international firms of high solvency, and several public institutions. It has two reportable segments: Sale of property developments and land consisting of the majority of the revenue and followed by Property rentals segment.
53GF 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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