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Fraser and NeaveFNEVF 75 ROC (Joel Greenblatt) % is 25.61% as of Mar. 2026, which is 13% below its 10-year median of 29.51. GuruFocus rates FNEVF with a GF Score™ of 75/100 and a GF Value™ of $1.04. The stock has 8 warning signs investors should review. Among 1,978 Consumer Packaged Goods companies, Fraser and Neave ranks better than 73.61% 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. Fraser and Neave's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.61%.
The historical rank and industry rank for Fraser and Neave's ROC (Joel Greenblatt) % or its related term are showing as below:
FNEVF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 22.74 Med: 29.51 Max: 214.13
Current: 23.95
During the past 13 years, Fraser and Neave's highest ROC (Joel Greenblatt) % was 214.13%. The lowest was 22.74%. And the median was 29.51%.
FNEVF's ROC (Joel Greenblatt) % is ranked better than 73.61% of 1978
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs FNEVF: 23.95
Fraser and Neave's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -4.00% per year.
Fraser and Neave (OTCPK:FNEVF) 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.
Fraser and Neave ROC (Joel Greenblatt) % Related Terms
Fraser and Neave ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Fraser and Neave'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.
FNEVF vs KHC, GIS: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Fraser and Neave'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.
Fraser and Neave ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Fraser and Neave's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fraser and Neave's ROC (Joel Greenblatt) % falls into.
Fraser and Neave 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 (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 25.61% mean?
Fraser and Neave (FNEVF) has a ROC (Joel Greenblatt) % of 25.61% 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 Fraser and Neave and its competitors. This is 13% below median its historical median of 29.51. Over the past decade, Fraser and Neave's ROC (Joel Greenblatt) % has ranged from 22.74 to 214.13. According to the industry distribution chart, Fraser and Neave ranks #522 out of 1978 companies in the Consumer Packaged Goods industry, placing it in the top 26.4%.
Is Fraser and Neave's ROC (Joel Greenblatt) % too high?
Fraser and Neave's current ROC (Joel Greenblatt) % of 25.61% is 13% below median its 10-year median of 29.51. Over the past 10 years, this metric has ranged from a low of 22.74 to a high of 214.13. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Fraser and Neave's value of 25.61% is 113.6% above this industry median. Based on the distribution chart, Fraser and Neave ranks #522 out of 1978 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Fraser and Neave has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Fraser and Neave's ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Fraser and Neave ranks #522 out of 1978 companies for ROC (Joel Greenblatt) %. This puts Fraser and Neave in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Fraser and Neave's value of 25.61% is 113.6% above this benchmark. Historically, Fraser and Neave's own ROC (Joel Greenblatt) % has ranged from 22.74 to 214.13 over the past decade. While the company's 10-year median is 29.51 vs. the industry median of 11.99, Fraser and Neave 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. Fraser and Neave's current ROC (Joel Greenblatt) % of 25.61% is 113.6% 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 Fraser and Neave 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. Fraser and Neave's current ROC (Joel Greenblatt) % is 25.61%, which is 13% below median its own 10-year median of 29.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fraser and Neave stock overvalued right now?
Fraser and Neave (FNEVF) has a current ROC (Joel Greenblatt) % of 25.61%. The stock's GF Value™ is $1.04, compared to a current price of $1.14 — trading 9.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 25.61%, which is 13% below median its 10-year median of 29.51 and 113.6% above the Consumer Packaged Goods industry median of 11.99. Fraser and Neave's overall GF Score™ is 75/100 with 8 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 Fraser and Neave (FNEVF), the current ROC (Joel Greenblatt) % is 25.61% 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 Fraser and Neave (FNEVF) Overvalued in 2026?
Based on GuruFocus' analysis, Fraser and Neave stock appears to be overvalued.
The current stock price of $1.14 is trading 9.6% above its estimated GF Value™ of $1.04.
Key valuation signals for FNEVF:
ROC (Joel Greenblatt) %: 25.61% (13% below median its 10-year median of 29.51)
GF Value™: $1.04 vs. price of $1.14 (9.6% above fair value)
Industry Position: 113.6% above the Consumer Packaged Goods median (#522 of 1978)
No single metric tells the full story. See the FNEVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fraser and Neave Ltd is a Singapore-based company that operates through four segments: dairies, beverages, publishing and printing industries, and others. The dairy segment generates the majority of total revenue by manufacturing, marketing, and selling dairy products. The beverages segment is the next contributor to total revenue through the production and selling of soft drinks and alcoholic beverages. The publishing and printing business operates through a network of offices, printing plants, and distributors. The company mainly operates in Singapore, Malaysia, and Thailand.
75GF Score
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