Instone Real Estate Group SEXTER:INS -2.22%56 ROC (Joel Greenblatt) % is 23.07% as of Mar. 2026, which is 88% above its 10-year median of 12.28. GuruFocus rates XTER:INS with a GF Score™ of 56/100. The stock has 9 warning signs investors should review. Among 1,749 Real Estate companies, Instone Real Estate Group SE ranks better than 57.58% 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. Instone Real Estate Group SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.07%.
The historical rank and industry rank for Instone Real Estate Group SE's ROC (Joel Greenblatt) % or its related term are showing as below:
XTER:INS'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.03 Med: 12.28 Max: 22.15
Current: 20.26
During the past 12 years, Instone Real Estate Group SE's highest ROC (Joel Greenblatt) % was 22.15%. The lowest was -3.03%. And the median was 12.28%.
XTER:INS's ROC (Joel Greenblatt) % is ranked better than 57.58% of 1749
companies
in the Real Estate industry
Industry Median: 12.55
vs XTER:INS: 20.26
Instone Real Estate Group SE (XTER:INS) 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.
Instone Real Estate Group SE ROC (Joel Greenblatt) % Chart
Instone Real Estate Group SE ROC (Joel Greenblatt) % Competitor Comparison
For the Real Estate - Development subindustry, Instone Real Estate Group SE'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.
Instone Real Estate Group SE ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Instone Real Estate Group SE's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Instone Real Estate Group SE's ROC (Joel Greenblatt) % falls into.
Instone Real Estate Group SE 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 23.07% mean?
Instone Real Estate Group SE (XTER:INS) has a ROC (Joel Greenblatt) % of 23.07% 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 Instone Real Estate Group SE and its competitors. This is 88% above median its historical median of 12.28. According to the industry distribution chart, Instone Real Estate Group SE ranks #742 out of 1749 companies in the Real Estate industry, placing it in the top 42.4%.
Is Instone Real Estate Group SE's ROC (Joel Greenblatt) % too high?
Instone Real Estate Group SE's current ROC (Joel Greenblatt) % of 23.07% is 88% above median its 10-year median of 12.28. The Real Estate industry median ROC (Joel Greenblatt) % is 12.55. Instone Real Estate Group SE's value of 23.07% is 83.8% above this industry median. Based on the distribution chart, Instone Real Estate Group SE ranks #742 out of 1749 companies in the Real Estate industry, which is above the industry midpoint. Overall, Instone Real Estate Group SE has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does Instone Real Estate Group SE's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, Instone Real Estate Group SE ranks #742 out of 1749 companies for ROC (Joel Greenblatt) %. This puts Instone Real Estate Group SE in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.55. Instone Real Estate Group SE's value of 23.07% is 83.8% above this benchmark. While the company's 10-year median is 12.28 vs. the industry median of 12.55, Instone Real Estate Group SE 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 12.55, based on 1,749 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. Instone Real Estate Group SE's current ROC (Joel Greenblatt) % of 23.07% is 83.8% 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 Instone Real Estate Group SE and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Instone Real Estate Group SE's current ROC (Joel Greenblatt) % is 23.07%, which is 88% above median its own 10-year median of 12.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Instone Real Estate Group SE stock overvalued right now?
Instone Real Estate Group SE (XTER:INS) has a current ROC (Joel Greenblatt) % of 23.07%. The current ROC (Joel Greenblatt) % is 23.07%, which is 88% above median its 10-year median of 12.28 and 83.8% above the Real Estate industry median of 12.55. Instone Real Estate Group SE's overall GF Score™ is 56/100 with 9 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 Instone Real Estate Group SE (XTER:INS), the current ROC (Joel Greenblatt) % is 23.07% 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.
Instone Real Estate Group SE is a real estate development company. The company is engaged in the development of modern, urban, multi-family homes and the redevelopment of listed buildings for residential use. The company constructs apartment buildings and residential quarters, refurbishment of monument-protected properties, and new buildings of real estate properties and other related activities. The company operates only in one business segment and one geographical segment and generates revenue and holds majority assets in Germany.
56GF Score
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