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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. M Dias Branco Industria e Comercio de Alimentos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.58%.
BSP:MDIA3's ROC (Joel Greenblatt) % is ranked better than 69.48% of 1982
companies
in the Consumer Packaged Goods industry
Industry Median: 11.985
vs BSP:MDIA3: 20.72
M Dias Branco Industria e Comercio de Alimentos (BSP:MDIA3) 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.
M Dias Branco Industria e Comercio de Alimentos ROC (Joel Greenblatt) % Chart
M Dias Branco Industria e Comercio de Alimentos Annual Data
BSP:MDIA3 vs KHC, GIS, HRL: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, M Dias Branco Industria e Comercio de Alimentos'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.
M Dias Branco Industria e Comercio de Alimentos ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
M Dias Branco Industria e Comercio de Alimentos 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 11.58% mean?
M Dias Branco Industria e Comercio de Alimentos (BSP:MDIA3) has a ROC (Joel Greenblatt) % of 11.58% 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 M Dias Branco Industria e Comercio de Alimentos and its competitors. This is 35% below median its historical median of 17.93. Over the past decade, M Dias Branco Industria e Comercio de Alimentos' ROC (Joel Greenblatt) % has ranged from 9.71 to 27.65. According to the industry distribution chart, M Dias Branco Industria e Comercio de Alimentos ranks #605 out of 1982 companies in the Consumer Packaged Goods industry, placing it in the top 30.5%.
Is M Dias Branco Industria e Comercio de Alimentos' ROC (Joel Greenblatt) % too high?
M Dias Branco Industria e Comercio de Alimentos' current ROC (Joel Greenblatt) % of 11.58% is 35% below median its 10-year median of 17.93. Over the past 10 years, this metric has ranged from a low of 9.71 to a high of 27.65. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. M Dias Branco Industria e Comercio de Alimentos' value of 11.58% is 3.4% below this industry median. Based on the distribution chart, M Dias Branco Industria e Comercio de Alimentos ranks #605 out of 1982 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, M Dias Branco Industria e Comercio de Alimentos has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does M Dias Branco Industria e Comercio de Alimentos' ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, M Dias Branco Industria e Comercio de Alimentos ranks #605 out of 1982 companies for ROC (Joel Greenblatt) %. This puts M Dias Branco Industria e Comercio de Alimentos in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. M Dias Branco Industria e Comercio de Alimentos' value of 11.58% is 3.4% below this benchmark. Historically, M Dias Branco Industria e Comercio de Alimentos' own ROC (Joel Greenblatt) % has ranged from 9.71 to 27.65 over the past decade. While the company's 10-year median is 17.93 vs. the industry median of 11.99, M Dias Branco Industria e Comercio de Alimentos has consistently been below 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,982 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. M Dias Branco Industria e Comercio de Alimentos's current ROC (Joel Greenblatt) % of 11.58% is 3.4% below 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 M Dias Branco Industria e Comercio de Alimentos and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M Dias Branco Industria e Comercio de Alimentos's current ROC (Joel Greenblatt) % is 11.58%, which is 35% below median its own 10-year median of 17.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M Dias Branco Industria e Comercio de Alimentos stock overvalued right now?
Based on GuruFocus' analysis, M Dias Branco Industria e Comercio de Alimentos (BSP:MDIA3) is currently considered Significantly Undervalued. The stock's GF Value™ is R$28.29, compared to a current price of R$18.04 — trading 36.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 11.58%, which is 35% below median its 10-year median of 17.93 and 3.4% below the Consumer Packaged Goods industry median of 11.99. M Dias Branco Industria e Comercio de Alimentos' overall GF Score™ is 79/100 with 2 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 M Dias Branco Industria e Comercio de Alimentos (BSP:MDIA3), the current ROC (Joel Greenblatt) % is 11.58% 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.
Is M Dias Branco Industria e Comercio de Alimentos (BSP:MDIA3) Overvalued in 2026?
Based on GuruFocus' analysis, M Dias Branco Industria e Comercio de Alimentos stock appears to be undervalued.
The current stock price of R$18.04 is trading 36.2% below its estimated GF Value™ of R$28.29.
GuruFocus considers M Dias Branco Industria e Comercio de Alimentos to be Significantly Undervalued.
Key valuation signals for BSP:MDIA3:
ROC (Joel Greenblatt) %: 11.58% (35% below median its 10-year median of 17.93)
GF Value™: R$28.29 vs. price of R$18.04 (36.2% below fair value)
Industry Position: 3.4% below the Consumer Packaged Goods median (#605 of 1982)
No single metric tells the full story. See the BSP:MDIA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
M Dias Branco Industria e Comercio de Alimentos Business Description
M Dias Branco SA Industria e Comercio de Alimentos is a Brazilian company engaged in the industrialization, sales, and distribution of food products derived from wheat, mainly cookies and crackers, pasta, and wheat flour/bran, and the manufacture, sale, and distribution of vegetable shortenings and margarines, cakes, cake mixes, packaged toast, and snacks. The company's brands in the domestic market are Adria, Aldente, Basilar, Bonsabor, Estrela, Fortaleza, Finna, Fit Food, Frontera, Isabela, Jasmine, Pelagio, Pilar, Piraque, Predilleto, Richester, Salsito, Smart, Taste and Co, Treloso, Vitarella, and Zabet; and in the foreign market: Las Acacias.
79GF Score
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