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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. Ste Nationale de Proprietaires d'Immeubles's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 27.18%.
Ste Nationale de Proprietaires d'Immeubles (XPAR:MLPRI) 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.
Ste Nationale de Proprietaires d'Immeubles ROC (Joel Greenblatt) % Chart
Ste Nationale de Proprietaires d'Immeubles Annual Data
XPAR:MLPRI vs CBRE, CSGP, BEKE: ROC (Joel Greenblatt) % Comparison
For the Real Estate Services subindustry, Ste Nationale de Proprietaires d'Immeubles'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.
Ste Nationale de Proprietaires d'Immeubles ROC (Joel Greenblatt) % vs Real Estate Industry
Ste Nationale de Proprietaires d'Immeubles 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 one times the 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 27.18% mean?
Ste Nationale de Proprietaires d'Immeubles (XPAR:MLPRI) has a ROC (Joel Greenblatt) % of 27.18% 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 Ste Nationale de Proprietaires d'Immeubles and its competitors. This is 30% above median its historical median of 20.92. Over the past decade, Ste Nationale de Proprietaires d'Immeubles' ROC (Joel Greenblatt) % has ranged from 10.97 to 30.76.
Is Ste Nationale de Proprietaires d'Immeubles' ROC (Joel Greenblatt) % too high?
Ste Nationale de Proprietaires d'Immeubles' current ROC (Joel Greenblatt) % of 27.18% is 30% above median its 10-year median of 20.92. Over the past 10 years, this metric has ranged from a low of 10.97 to a high of 30.76. The Real Estate industry median ROC (Joel Greenblatt) % is 13.46. Ste Nationale de Proprietaires d'Immeubles' value of 27.18% is 101.9% above this industry median. Overall, Ste Nationale de Proprietaires d'Immeubles has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Ste Nationale de Proprietaires d'Immeubles' ROC (Joel Greenblatt) % compare to CBRE and CSGP?
Ste Nationale de Proprietaires d'Immeubles' ROC (Joel Greenblatt) % of 27.18% can be compared against companies in the Real Estate industry. The industry median ROC (Joel Greenblatt) % is 13.46. Ste Nationale de Proprietaires d'Immeubles' value of 27.18% is 101.9% above this benchmark. Historically, Ste Nationale de Proprietaires d'Immeubles' own ROC (Joel Greenblatt) % has ranged from 10.97 to 30.76 over the past decade. While the company's 10-year median is 20.92 vs. the industry median of 13.46, Ste Nationale de Proprietaires d'Immeubles 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 13.46, based on 1,751 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. Ste Nationale de Proprietaires d'Immeubles's current ROC (Joel Greenblatt) % of 27.18% is 101.9% 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 Ste Nationale de Proprietaires d'Immeubles and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 13.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ste Nationale de Proprietaires d'Immeubles's current ROC (Joel Greenblatt) % is 27.18%, which is 30% above median its own 10-year median of 20.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ste Nationale de Proprietaires d'Immeubles stock overvalued right now?
Ste Nationale de Proprietaires d'Immeubles (XPAR:MLPRI) has a current ROC (Joel Greenblatt) % of 27.18%. The stock's GF Value™ is €28.48, compared to a current price of €20.00 — trading 29.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 27.18%, which is 30% above median its 10-year median of 20.92 and 101.9% above the Real Estate industry median of 13.46. Ste Nationale de Proprietaires d'Immeubles' overall GF Score™ is 12/100 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 Ste Nationale de Proprietaires d'Immeubles (XPAR:MLPRI), the current ROC (Joel Greenblatt) % is 27.18% 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 Ste Nationale de Proprietaires d'Immeubles (XPAR:MLPRI) Overvalued in 2026?
Based on GuruFocus' analysis, Ste Nationale de Proprietaires d'Immeubles stock appears to be undervalued.
The current stock price of €20.00 is trading 29.8% below its estimated GF Value™ of €28.48.
Key valuation signals for XPAR:MLPRI:
ROC (Joel Greenblatt) %: 27.18% (30% above median its 10-year median of 20.92)
GF Value™: €28.48 vs. price of €20.00 (29.8% below fair value)
Industry Position: 101.9% above the Real Estate median
No single metric tells the full story. See the XPAR:MLPRI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ste Nationale de Proprietaires d'Immeubles generalist regional real estate company, investing in mixed-use buildings, offices, and business premises in the Rhone-Alpes region. The group's holdings consist mainly of apartment buildings and office buildings.
12GF 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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