Minupar Participacoes (BSP:MNPR3) ROC (Joel Greenblatt) %: 48.24% (As of Mar. 2026) — 23% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:MNPR3 Minupar Participacoes SA BSP:MNPR3
62 GF Score
Price R$3.96
GF Value R$2.03
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Minupar Participacoes ROC (Joel Greenblatt) %?

Minupar Participacoes BSP:MNPR3 +1.54% 62 ROC (Joel Greenblatt) % is 48.24% as of Mar. 2026, which is 23% above its 10-year median of 39.34. GuruFocus rates BSP:MNPR3 with a GF Score™ of 62/100 and a GF Value™ of R$2.03 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,978 Consumer Packaged Goods companies, Minupar Participacoes ranks better than 98.58% 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. Minupar Participacoes's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 48.24%.

The historical rank and industry rank for Minupar Participacoes's ROC (Joel Greenblatt) % or its related term are showing as below:

BSP:MNPR3' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -33.22   Med: 39.34   Max: 259.78
Current: 233.35

During the past 13 years, Minupar Participacoes's highest ROC (Joel Greenblatt) % was 259.78%. The lowest was -33.22%. And the median was 39.34%.

BSP:MNPR3's ROC (Joel Greenblatt) % is ranked better than
98.58% of 1978 companies
in the Consumer Packaged Goods industry
Industry Median: 11.99 vs BSP:MNPR3: 233.35

Minupar Participacoes's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 23.80% per year.


Minupar Participacoes  (BSP:MNPR3) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Minupar Participacoes ROC (Joel Greenblatt) % Related Terms


Minupar Participacoes ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Minupar Participacoes'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.

Minupar Participacoes ROC (Joel Greenblatt) % Chart

Minupar Participacoes Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.36 45.70 37.69 40.98 259.78

Minupar Participacoes Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 62.55 882.98 37.98 27.07 48.24

BSP:MNPR3 vs ADM, BG, TSN: ROC (Joel Greenblatt) % Comparison

For the Farm Products subindustry, Minupar Participacoes'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.


Minupar Participacoes ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Minupar Participacoes's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Minupar Participacoes's ROC (Joel Greenblatt) % falls into.


BSP:MNPR3
62GF Score
Minupar Participacoes SA BSP:MNPR3
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Minupar Participacoes 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(67.648 + 27.331 + 24.536) - (47.532 + 0 + 37.133)
=34.85

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(79.027 + 25.938 + 28.605) - (58.564 + 0 + 28.519)
=46.487

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Minupar Participacoes for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=90.296/( ( (144.244 + max(34.85, 0)) + (148.784 + max(46.487, 0)) )/ 2 )
=90.296/( ( 179.094 + 195.271 )/ 2 )
=90.296/187.1825
=48.24 %

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 48.24% mean?
Minupar Participacoes (BSP:MNPR3) has a ROC (Joel Greenblatt) % of 48.24% 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 Minupar Participacoes and its competitors. This is 23% above median its historical median of 39.34. According to the industry distribution chart, Minupar Participacoes ranks #28 out of 1978 companies in the Consumer Packaged Goods industry, placing it in the top 1.4%.
Is Minupar Participacoes' ROC (Joel Greenblatt) % too high?
Minupar Participacoes' current ROC (Joel Greenblatt) % of 48.24% is 23% above median its 10-year median of 39.34. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Minupar Participacoes' value of 48.24% is 302.3% above this industry median. Based on the distribution chart, Minupar Participacoes ranks #28 out of 1978 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Minupar Participacoes has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Minupar Participacoes' ROC (Joel Greenblatt) % compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Minupar Participacoes ranks #28 out of 1978 companies for ROC (Joel Greenblatt) %. This places Minupar Participacoes in the top 1% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Minupar Participacoes' value of 48.24% is 302.3% above this benchmark. While the company's 10-year median is 39.34 vs. the industry median of 11.99, Minupar Participacoes 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 Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,978 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. Minupar Participacoes's current ROC (Joel Greenblatt) % of 48.24% is 302.3% 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 Minupar Participacoes 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. Minupar Participacoes's current ROC (Joel Greenblatt) % is 48.24%, which is 23% above median its own 10-year median of 39.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minupar Participacoes stock overvalued right now?
Based on GuruFocus' analysis, Minupar Participacoes (BSP:MNPR3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$2.03, compared to a current price of R$3.96 — trading 95.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 48.24%, which is 23% above median its 10-year median of 39.34 and 302.3% above the Consumer Packaged Goods industry median of 11.99. Minupar Participacoes' overall GF Score™ is 62/100 with 7 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 Minupar Participacoes (BSP:MNPR3), the current ROC (Joel Greenblatt) % is 48.24% 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 Minupar Participacoes (BSP:MNPR3) Overvalued in 2026?

Based on GuruFocus' analysis, Minupar Participacoes stock appears to be overvalued. The current stock price of R$3.96 is trading 95.1% above its estimated GF Value™ of R$2.03. GuruFocus considers Minupar Participacoes to be Significantly Overvalued.

Key valuation signals for BSP:MNPR3:

  • ROC (Joel Greenblatt) %: 48.24% (23% above median its 10-year median of 39.34)
  • GF Value™: R$2.03 vs. price of R$3.96 (95.1% above fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 302.3% above the Consumer Packaged Goods median (#28 of 1978)

No single metric tells the full story. See the BSP:MNPR3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Minupar Participacoes Business Description

Address Avenida Senador Alberto Pasqualini 1535, Lajeado, RS, BRA, 95900000
Minupar Participacoes SA main objective the participation in the capital of other companies.
62GF Score

Get the complete analysis for BSP:MNPR3

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$3.96
Price
R$2.03
GF Value