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AltareitXPAR:AREIT 13 ROC (Joel Greenblatt) % is 19.82% as of Jun. 2026, which is 57% below its 10-year median of 45.62. GuruFocus rates XPAR:AREIT with a GF Score™ of 13/100 and a GF Value™ of €345.71 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,752 Real Estate companies, Altareit ranks worse than 80.08% 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. Altareit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 19.82%.
The historical rank and industry rank for Altareit's ROC (Joel Greenblatt) % or its related term are showing as below:
XPAR:AREIT'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -180.84 Med: 45.62 Max: 89.72
Current: -4.83
During the past 13 years, Altareit's highest ROC (Joel Greenblatt) % was 89.72%. The lowest was -180.84%. And the median was 45.62%.
XPAR:AREIT's ROC (Joel Greenblatt) % is ranked worse than 80.08% of 1752
companies
in the Real Estate industry
Industry Median: 13.105
vs XPAR:AREIT: -4.83
Altareit's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
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.
The historical data trend for Altareit'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.
For the Real Estate - Development subindustry, Altareit'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.
Altareit ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Altareit's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Altareit's ROC (Joel Greenblatt) % falls into.
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 (Jun. 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 19.82% mean?
Altareit (XPAR:AREIT) has a ROC (Joel Greenblatt) % of 19.82% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Altareit and its competitors. This is 57% below median its historical median of 45.62. According to the industry distribution chart, Altareit ranks #1403 out of 1752 companies in the Real Estate industry, placing it in the top 80.1%.
Is Altareit's ROC (Joel Greenblatt) % too high?
Altareit's current ROC (Joel Greenblatt) % of 19.82% is 57% below median its 10-year median of 45.62. The Real Estate industry median ROC (Joel Greenblatt) % is 13.11. Altareit's value of 19.82% is 51.2% above this industry median. Based on the distribution chart, Altareit ranks #1403 out of 1752 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Altareit has a GF Score™ of 13/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altareit's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Altareit ranks #1403 out of 1752 companies for ROC (Joel Greenblatt) %. This places Altareit in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 13.11. Altareit's value of 19.82% is 51.2% above this benchmark. While the company's 10-year median is 45.62 vs. the industry median of 13.11, Altareit 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 13.11, based on 1,752 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. Altareit's current ROC (Joel Greenblatt) % of 19.82% is 51.2% 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 Altareit and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 13.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altareit's current ROC (Joel Greenblatt) % is 19.82%, which is 57% below median its own 10-year median of 45.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altareit stock overvalued right now?
Based on GuruFocus' analysis, Altareit (XPAR:AREIT) is currently considered Significantly Overvalued. The stock's GF Value™ is €345.71, compared to a current price of €585.00 — trading 69.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 19.82%, which is 57% below median its 10-year median of 45.62 and 51.2% above the Real Estate industry median of 13.11. Altareit's overall GF Score™ is 13/100 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 Altareit (XPAR:AREIT), the current ROC (Joel Greenblatt) % is 19.82% as of Jun. 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 Altareit (XPAR:AREIT) Overvalued in 2026?
Based on GuruFocus' analysis, Altareit stock appears to be overvalued.
The current stock price of €585.00 is trading 69.2% above its estimated GF Value™ of €345.71.
GuruFocus considers Altareit to be Significantly Overvalued.
Key valuation signals for XPAR:AREIT:
ROC (Joel Greenblatt) %: 19.82% (57% below median its 10-year median of 45.62)
GF Value™: €345.71 vs. price of €585.00 (69.2% above fair value)
Industry Position: 51.2% above the Real Estate median (#1403 of 1752)
No single metric tells the full story. See the XPAR:AREIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altareit SA is a property development company in France. The company is operating across the full breadth of the real estate sector: retail, residential, and office. The company also managed the retail development part of the mixed-use projects led by Altarea Cogedim Group. The company offers a platform of real estate skills for low-carbon urban transformation.. The company's operating segment includes Residential, Business property, and Diversification. The company generates the majority of its revenue from the Residential segment. Geographically, the company generates almost all of its revenue from France.
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