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Ebro FoodsFRA:AZU -0.33%78 ROC (Joel Greenblatt) % is 21.28% as of Jun. 2026, which is 20% above its 10-year median of 17.68. GuruFocus rates FRA:AZU with a GF Score™ of 78/100 and a GF Value™ of €15.90 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,975 Consumer Packaged Goods companies, Ebro Foods ranks better than 71.9% 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. Ebro Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 21.28%.
The historical rank and industry rank for Ebro Foods's ROC (Joel Greenblatt) % or its related term are showing as below:
FRA:AZU'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.13 Med: 17.68 Max: 23.2
Current: 22.83
During the past 13 years, Ebro Foods's highest ROC (Joel Greenblatt) % was 23.20%. The lowest was 11.13%. And the median was 17.68%.
FRA:AZU's ROC (Joel Greenblatt) % is ranked better than 71.9% of 1975
companies
in the Consumer Packaged Goods industry
Industry Median: 12.08
vs FRA:AZU: 22.83
Ebro Foods's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 15.10% per year.
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.
Ebro Foods ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Ebro Foods'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.
FRA:AZU vs KHC, GIS, HRL: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Ebro Foods'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.
Ebro Foods ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Ebro Foods's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ebro Foods's ROC (Joel Greenblatt) % falls into.
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 (Jun. 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 21.28% mean?
Ebro Foods (FRA:AZU) has a ROC (Joel Greenblatt) % of 21.28% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Ebro Foods and its competitors. This is 20% above median its historical median of 17.68. Over the past decade, Ebro Foods' ROC (Joel Greenblatt) % has ranged from 11.13 to 23.20. According to the industry distribution chart, Ebro Foods ranks #555 out of 1975 companies in the Consumer Packaged Goods industry, placing it in the top 28.1%.
Is Ebro Foods' ROC (Joel Greenblatt) % too high?
Ebro Foods' current ROC (Joel Greenblatt) % of 21.28% is 20% above median its 10-year median of 17.68. Over the past 10 years, this metric has ranged from a low of 11.13 to a high of 23.20. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 12.08. Ebro Foods' value of 21.28% is 76.2% above this industry median. Based on the distribution chart, Ebro Foods ranks #555 out of 1975 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Ebro Foods has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ebro Foods' ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Ebro Foods ranks #555 out of 1975 companies for ROC (Joel Greenblatt) %. This puts Ebro Foods in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.08. Ebro Foods' value of 21.28% is 76.2% above this benchmark. Historically, Ebro Foods' own ROC (Joel Greenblatt) % has ranged from 11.13 to 23.20 over the past decade. While the company's 10-year median is 17.68 vs. the industry median of 12.08, Ebro Foods 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 12.08, based on 1,975 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. Ebro Foods's current ROC (Joel Greenblatt) % of 21.28% is 76.2% 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 Ebro Foods and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 12.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ebro Foods's current ROC (Joel Greenblatt) % is 21.28%, which is 20% above median its own 10-year median of 17.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ebro Foods stock overvalued right now?
Based on GuruFocus' analysis, Ebro Foods (FRA:AZU) is currently considered Modestly Overvalued. The stock's GF Value™ is €15.90, compared to a current price of €18.26 — trading 14.8% above its estimated fair value. The current ROC (Joel Greenblatt) % is 21.28%, which is 20% above median its 10-year median of 17.68 and 76.2% above the Consumer Packaged Goods industry median of 12.08. Ebro Foods' overall GF Score™ is 78/100 with 3 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 Ebro Foods (FRA:AZU), the current ROC (Joel Greenblatt) % is 21.28% as of Jun. 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 Ebro Foods (FRA:AZU) Overvalued in 2026?
Based on GuruFocus' analysis, Ebro Foods stock appears to be overvalued.
The current stock price of €18.26 is trading 14.8% above its estimated GF Value™ of €15.90.
GuruFocus considers Ebro Foods to be Modestly Overvalued.
Key valuation signals for FRA:AZU:
ROC (Joel Greenblatt) %: 21.28% (20% above median its 10-year median of 17.68)
GF Value™: €15.90 vs. price of €18.26 (14.8% above fair value)
Industry Position: 76.2% above the Consumer Packaged Goods median (#555 of 1975)
No single metric tells the full story. See the FRA:AZU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ebro Foods SA is a Spanish international food group operating in the pasta, rice, and sauces segments. The company is present in more than 25 countries in Europe, North America, Asia, and Africa, through its wide network of subsidiaries and brands. The core businesses are rice and pasta, offered in dry, fresh, precooked, and frozen varieties. Aside from pasta and rice, Ebro Food offers ready meals, fresh potato, sauces among others. The largest geographical segment for the rice division is in Europe, followed by North America, Asia, and Africa. Pasta, sauces, and other products, accounting for almost half of revenue, are mainly present in Europe and North America.
78GF Score
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