Barry Callebaut AGBYCBF 64 ROC (Joel Greenblatt) % is 11.65% as of Feb. 2026, which is 35% below its 10-year median of 17.97. GuruFocus rates BYCBF with a GF Score™ of 64/100 and a GF Value™ of $2,531.28 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,969 Consumer Packaged Goods companies, Barry Callebaut AG ranks worse than 54.39% 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. Barry Callebaut AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 11.65%.
The historical rank and industry rank for Barry Callebaut AG's ROC (Joel Greenblatt) % or its related term are showing as below:
BYCBF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.29 Med: 17.97 Max: 23.14
Current: 10.29
During the past 13 years, Barry Callebaut AG's highest ROC (Joel Greenblatt) % was 23.14%. The lowest was 10.29%. And the median was 17.97%.
BYCBF's ROC (Joel Greenblatt) % is ranked worse than 54.39% of 1969
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs BYCBF: 10.29
Barry Callebaut AG's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.90% per year.
Barry Callebaut AG (OTCPK:BYCBF) 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.
Barry Callebaut AG ROC (Joel Greenblatt) % Related Terms
Barry Callebaut AG ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Barry Callebaut AG'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.
BYCBF vs MDLZ, HSY, TR: ROC (Joel Greenblatt) % Comparison
For the Confectioners subindustry, Barry Callebaut AG'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.
Barry Callebaut AG ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Barry Callebaut AG's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Barry Callebaut AG's ROC (Joel Greenblatt) % falls into.
Barry Callebaut AG 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 two times the semi-annual (Feb. 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 11.65% mean?
Barry Callebaut AG (BYCBF) has a ROC (Joel Greenblatt) % of 11.65% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Barry Callebaut AG and its competitors. This is 35% below median its historical median of 17.97. Over the past decade, Barry Callebaut AG's ROC (Joel Greenblatt) % has ranged from 10.29 to 23.14. According to the industry distribution chart, Barry Callebaut AG ranks #1071 out of 1969 companies in the Consumer Packaged Goods industry, placing it in the top 54.4%.
Is Barry Callebaut AG's ROC (Joel Greenblatt) % too high?
Barry Callebaut AG's current ROC (Joel Greenblatt) % of 11.65% is 35% below median its 10-year median of 17.97. Over the past 10 years, this metric has ranged from a low of 10.29 to a high of 23.14. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Barry Callebaut AG's value of 11.65% is 2.8% below this industry median. Based on the distribution chart, Barry Callebaut AG ranks #1071 out of 1969 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Barry Callebaut AG has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Barry Callebaut AG's ROC (Joel Greenblatt) % compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Barry Callebaut AG ranks #1071 out of 1969 companies for ROC (Joel Greenblatt) %. This places Barry Callebaut AG in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Barry Callebaut AG's value of 11.65% is 2.8% below this benchmark. Historically, Barry Callebaut AG's own ROC (Joel Greenblatt) % has ranged from 10.29 to 23.14 over the past decade. While the company's 10-year median is 17.97 vs. the industry median of 11.99, Barry Callebaut AG 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 1,969 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. Barry Callebaut AG's current ROC (Joel Greenblatt) % of 11.65% is 2.8% 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 Barry Callebaut AG 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. Barry Callebaut AG's current ROC (Joel Greenblatt) % is 11.65%, which is 35% below median its own 10-year median of 17.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Barry Callebaut AG stock overvalued right now?
Based on GuruFocus' analysis, Barry Callebaut AG (BYCBF) is currently considered Possible Value Trap. The stock's GF Value™ is $2,531.28, compared to a current price of $1,387.89 — trading 45.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 11.65%, which is 35% below median its 10-year median of 17.97 and 2.8% below the Consumer Packaged Goods industry median of 11.99. Barry Callebaut AG's overall GF Score™ is 64/100 with 6 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 Barry Callebaut AG (BYCBF), the current ROC (Joel Greenblatt) % is 11.65% as of Feb. 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 Barry Callebaut AG (BYCBF) Overvalued in 2026?
Based on GuruFocus' analysis, Barry Callebaut AG stock appears to be undervalued.
The current stock price of $1,387.89 is trading 45.2% below its estimated GF Value™ of $2,531.28.
GuruFocus considers Barry Callebaut AG to be Possible Value Trap.
Key valuation signals for BYCBF:
ROC (Joel Greenblatt) %: 11.65% (35% below median its 10-year median of 17.97)
GF Value™: $2,531.28 vs. price of $1,387.89 (45.2% below fair value)
Industry Position: 2.8% below the Consumer Packaged Goods median (#1071 of 1969)
No single metric tells the full story. See the BYCBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Barry Callebaut is the leading global manufacturer and supplier of cocoa and chocolate ingredients, employing over 13,000 people. Customers include food and beverage manufacturers as well as artisans, chocolatiers, pastry chefs, and bakers who use chocolate professionally. Barry Callebaut is vertically integrated, from raw material (cocoa bean) procurement through to chocolate manufacturing, without owning any cocoa farms. The firm produces around 40% of the world's industrial chocolate (open market), and its products are used in approximately 20% of the world's chocolate and cocoa goods.
64GF Score
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