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Meridia Real Estate III SocimiXMAD:YMRE 48 ROC (Joel Greenblatt) % is 761.84% as of Dec. 2025, which is 347% above its 10-year median of 170.36. GuruFocus rates XMAD:YMRE with a GF Score™ of 48/100 and a GF Value™ of €6.42 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 584 REITs companies, Meridia Real Estate III Socimi ranks worse than 71.06% 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. Meridia Real Estate III Socimi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 761.84%.
The historical rank and industry rank for Meridia Real Estate III Socimi's ROC (Joel Greenblatt) % or its related term are showing as below:
XMAD:YMRE'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.04 Med: 170.36 Max: 11645.53
Current: 11.69
During the past 10 years, Meridia Real Estate III Socimi's highest ROC (Joel Greenblatt) % was 11645.53%. The lowest was -19.04%. And the median was 170.36%.
XMAD:YMRE's ROC (Joel Greenblatt) % is ranked worse than 71.06% of 584
companies
in the REITs industry
Industry Median: 179.775
vs XMAD:YMRE: 11.69
Meridia Real Estate III Socimi (XMAD:YMRE) 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.
Meridia Real Estate III Socimi ROC (Joel Greenblatt) % Chart
XMAD:YMRE vs BXP, ARE, VNO: ROC (Joel Greenblatt) % Comparison
For the REIT - Office subindustry, Meridia Real Estate III Socimi'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.
Meridia Real Estate III Socimi ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Meridia Real Estate III Socimi's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Meridia Real Estate III Socimi's ROC (Joel Greenblatt) % falls into.
Meridia Real Estate III Socimi 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 (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 761.84% mean?
Meridia Real Estate III Socimi (XMAD:YMRE) has a ROC (Joel Greenblatt) % of 761.84% 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 Meridia Real Estate III Socimi and its competitors. This is 347% above median its historical median of 170.36. According to the industry distribution chart, Meridia Real Estate III Socimi ranks #415 out of 584 companies in the REITs industry, placing it in the top 71.1%.
Is Meridia Real Estate III Socimi's ROC (Joel Greenblatt) % too high?
Meridia Real Estate III Socimi's current ROC (Joel Greenblatt) % of 761.84% is 347% above median its 10-year median of 170.36. The REITs industry median ROC (Joel Greenblatt) % is 179.78. Meridia Real Estate III Socimi's value of 761.84% is 323.8% above this industry median. Based on the distribution chart, Meridia Real Estate III Socimi ranks #415 out of 584 companies in the REITs industry, which is below the industry midpoint. Overall, Meridia Real Estate III Socimi has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Meridia Real Estate III Socimi's ROC (Joel Greenblatt) % compare to BXP and ARE?
According to the REITs industry distribution chart, Meridia Real Estate III Socimi ranks #415 out of 584 companies for ROC (Joel Greenblatt) %. This places Meridia Real Estate III Socimi in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 179.78. Meridia Real Estate III Socimi's value of 761.84% is 323.8% above this benchmark. While the company's 10-year median is 170.36 vs. the industry median of 179.78, Meridia Real Estate III Socimi 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 REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 179.78, based on 584 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. Meridia Real Estate III Socimi's current ROC (Joel Greenblatt) % of 761.84% is 323.8% 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 Meridia Real Estate III Socimi and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 179.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meridia Real Estate III Socimi's current ROC (Joel Greenblatt) % is 761.84%, which is 347% above median its own 10-year median of 170.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meridia Real Estate III Socimi stock overvalued right now?
Based on GuruFocus' analysis, Meridia Real Estate III Socimi (XMAD:YMRE) is currently considered Possible Value Trap. The stock's GF Value™ is €6.42, compared to a current price of €0.77 — trading 88% below its estimated fair value. The current ROC (Joel Greenblatt) % is 761.84%, which is 347% above median its 10-year median of 170.36 and 323.8% above the REITs industry median of 179.78. Meridia Real Estate III Socimi's overall GF Score™ is 48/100 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 Meridia Real Estate III Socimi (XMAD:YMRE), the current ROC (Joel Greenblatt) % is 761.84% 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 Meridia Real Estate III Socimi (XMAD:YMRE) Overvalued in 2026?
Based on GuruFocus' analysis, Meridia Real Estate III Socimi stock appears to be undervalued.
The current stock price of €0.77 is trading 88% below its estimated GF Value™ of €6.42.
GuruFocus considers Meridia Real Estate III Socimi to be Possible Value Trap.
Key valuation signals for XMAD:YMRE:
ROC (Joel Greenblatt) %: 761.84% (347% above median its 10-year median of 170.36)
GF Value™: €6.42 vs. price of €0.77 (88% below fair value)
Industry Position: 323.8% above the REITs median (#415 of 584)
No single metric tells the full story. See the XMAD:YMRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meridia Real Estate III Socimi Business Description
Meridia Real Estate III Socimi SA operates as a real estate investment trust. It invests in all real estate segments, especially offices and logistics, in Madrid and Barcelona.
48GF Score
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