The Chefs' WarehouseFRA:2CF 78 ROC (Joel Greenblatt) % is 13.58% as of Mar. 2026, which is 13% below its 10-year median of 15.67. GuruFocus rates FRA:2CF with a GF Score™ of 78/100 and a GF Value™ of €46.48. The stock has 7 warning signs investors should review. Among 308 Retail - Defensive companies, The Chefs' Warehouse ranks better than 57.79% 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. The Chefs' Warehouse's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.58%.
The historical rank and industry rank for The Chefs' Warehouse's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:2CF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -27.39 Med: 15.67 Max: 24.59
Current: 16.59
During the past 13 years, The Chefs' Warehouse's highest ROC (Joel Greenblatt) % was 24.59%. The lowest was -27.39%. And the median was 15.67%.
FRA:2CF's ROC (Joel Greenblatt) % is ranked better than 57.79% of 308
companies
in the Retail - Defensive industry
Industry Median: 13.375
vs FRA:2CF: 16.59
The Chefs' Warehouse's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.
The Chefs' Warehouse (FRA:2CF) 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.
The Chefs' Warehouse ROC (Joel Greenblatt) % Related Terms
The Chefs' Warehouse ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for The Chefs' Warehouse'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.
The Chefs' Warehouse ROC (Joel Greenblatt) % Chart
FRA:2CF vs UNFI, ANDE, AVO: ROC (Joel Greenblatt) % Comparison
For the Food Distribution subindustry, The Chefs' Warehouse'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.
The Chefs' Warehouse ROC (Joel Greenblatt) % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, The Chefs' Warehouse's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where The Chefs' Warehouse's ROC (Joel Greenblatt) % falls into.
The Chefs' Warehouse 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 13.58% mean?
The Chefs' Warehouse (FRA:2CF) has a ROC (Joel Greenblatt) % of 13.58% 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 The Chefs' Warehouse and its competitors. This is 13% below median its historical median of 15.67. According to the industry distribution chart, The Chefs' Warehouse ranks #130 out of 308 companies in the Retail - Defensive industry, placing it in the top 42.2%.
Is The Chefs' Warehouse's ROC (Joel Greenblatt) % too high?
The Chefs' Warehouse's current ROC (Joel Greenblatt) % of 13.58% is 13% below median its 10-year median of 15.67. The Retail - Defensive industry median ROC (Joel Greenblatt) % is 13.38. The Chefs' Warehouse's value of 13.58% is 1.5% above this industry median. Based on the distribution chart, The Chefs' Warehouse ranks #130 out of 308 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, The Chefs' Warehouse has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does The Chefs' Warehouse's ROC (Joel Greenblatt) % compare to UNFI and ANDE?
According to the Retail - Defensive industry distribution chart, The Chefs' Warehouse ranks #130 out of 308 companies for ROC (Joel Greenblatt) %. This puts The Chefs' Warehouse in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 13.38. The Chefs' Warehouse's value of 13.58% is 1.5% above this benchmark. While the company's 10-year median is 15.67 vs. the industry median of 13.38, The Chefs' Warehouse 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 Retail - Defensive company?
The median ROC (Joel Greenblatt) % among Retail - Defensive companies is 13.38, based on 308 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. The Chefs' Warehouse's current ROC (Joel Greenblatt) % of 13.58% is 1.5% 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 The Chefs' Warehouse and its competitors. For the Retail - Defensive industry, the median ROC (Joel Greenblatt) % is 13.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Chefs' Warehouse's current ROC (Joel Greenblatt) % is 13.58%, which is 13% below median its own 10-year median of 15.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Chefs' Warehouse stock overvalued right now?
The Chefs' Warehouse (FRA:2CF) has a current ROC (Joel Greenblatt) % of 13.58%. The stock's GF Value™ is €46.48, compared to a current price of €83.50 — trading 79.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 13.58%, which is 13% below median its 10-year median of 15.67 and 1.5% above the Retail - Defensive industry median of 13.38. The Chefs' Warehouse's overall GF Score™ is 78/100 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 The Chefs' Warehouse (FRA:2CF), the current ROC (Joel Greenblatt) % is 13.58% 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 The Chefs' Warehouse (FRA:2CF) Overvalued in 2026?
Based on GuruFocus' analysis, The Chefs' Warehouse stock appears to be overvalued.
The current stock price of €83.50 is trading 79.6% above its estimated GF Value™ of €46.48.
Key valuation signals for FRA:2CF:
ROC (Joel Greenblatt) %: 13.58% (13% below median its 10-year median of 15.67)
GF Value™: €46.48 vs. price of €83.50 (79.6% above fair value)
Industry Position: 1.5% above the Retail - Defensive median (#130 of 308)
No single metric tells the full story. See the FRA:2CF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Chefs' Warehouse Inc is a specialty food distributor in metropolitan areas across the United States, the Middle East and Canada. The company's product portfolio is comprised of imported and local specialty food products such as cheese, cooking oils, chocolates, dried food, baking products, meats, and other food products. It operates via one reporting segment called Food Product Distribution. Operations are concentrated on the east, midwest, and west coasts of the U.S. The company provides service to restaurants, clubs, hotels, caterers, schools, bakeries, casinos, and specialty food stores.
78GF Score
Get the complete analysis for FRA:2CF
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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