INDFY (Indofood Agri Resources) ROC (Joel Greenblatt) %: 24.56% (As of Dec. 2025) — 127% Above Median


INDFY Indofood Agri Resources Ltd INDFY
66 GF Score
Price $14.25
GF Value $11.83
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Indofood Agri Resources ROC (Joel Greenblatt) %?

Indofood Agri Resources INDFY 66 ROC (Joel Greenblatt) % is 24.56% as of Dec. 2025, which is 127% above its 10-year median of 10.83. GuruFocus rates INDFY with a GF Score™ of 66/100 and a GF Value™ of $11.83 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,970 Consumer Packaged Goods companies, Indofood Agri Resources ranks better than 65.69% 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. Indofood Agri Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 24.56%.

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

INDFY' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.64   Med: 10.83   Max: 18.8
Current: 18.39

During the past 13 years, Indofood Agri Resources's highest ROC (Joel Greenblatt) % was 18.80%. The lowest was 2.64%. And the median was 10.83%.

INDFY's ROC (Joel Greenblatt) % is ranked better than
65.69% of 1970 companies
in the Consumer Packaged Goods industry
Industry Median: 11.985 vs INDFY: 18.39

Indofood Agri Resources's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 17.30% per year.


Indofood Agri Resources  (OTCPK:INDFY) 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.


Indofood Agri Resources ROC (Joel Greenblatt) % Related Terms


Indofood Agri Resources ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Indofood Agri Resources'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.

Indofood Agri Resources ROC (Joel Greenblatt) % Chart

Indofood Agri Resources 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 13.17 12.47 10.41 16.85 19.26

Indofood Agri Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 14.65 11.27 21.55 12.37 24.56

INDFY vs KHC, GIS: ROC (Joel Greenblatt) % Comparison

For the Packaged Foods subindustry, Indofood Agri Resources'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.


Indofood Agri Resources ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Indofood Agri Resources's ROC (Joel Greenblatt) % falls into.


INDFY
66GF Score
Indofood Agri Resources Ltd INDFY
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indofood Agri Resources 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: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(76.664 + 315.471 + 80.888) - (203.935 + 0 + 0)
=269.088

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(80.761 + 271.168 + 48.039) - (130.112 + 0 + 55.015)
=214.841

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Indofood Agri Resources for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=316.44/( ( (1127.282 + max(269.088, 0)) + (965.241 + max(214.841, 0)) )/ 2 )
=316.44/( ( 1396.37 + 1180.082 )/ 2 )
=316.44/1288.226
=24.56 %

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) 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 24.56% mean?
Indofood Agri Resources (INDFY) has a ROC (Joel Greenblatt) % of 24.56% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Indofood Agri Resources and its competitors. This is 127% above median its historical median of 10.83. Over the past decade, Indofood Agri Resources' ROC (Joel Greenblatt) % has ranged from 2.64 to 18.80. According to the industry distribution chart, Indofood Agri Resources ranks #676 out of 1970 companies in the Consumer Packaged Goods industry, placing it in the top 34.3%.
Is Indofood Agri Resources' ROC (Joel Greenblatt) % too high?
Indofood Agri Resources' current ROC (Joel Greenblatt) % of 24.56% is 127% above median its 10-year median of 10.83. Over the past 10 years, this metric has ranged from a low of 2.64 to a high of 18.80. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Indofood Agri Resources' value of 24.56% is 104.9% above this industry median. Based on the distribution chart, Indofood Agri Resources ranks #676 out of 1970 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Indofood Agri Resources has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indofood Agri Resources' ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Indofood Agri Resources ranks #676 out of 1970 companies for ROC (Joel Greenblatt) %. This puts Indofood Agri Resources in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Indofood Agri Resources' value of 24.56% is 104.9% above this benchmark. Historically, Indofood Agri Resources' own ROC (Joel Greenblatt) % has ranged from 2.64 to 18.80 over the past decade. While the company's 10-year median is 10.83 vs. the industry median of 11.99, Indofood Agri Resources 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 1,970 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. Indofood Agri Resources's current ROC (Joel Greenblatt) % of 24.56% is 104.9% 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 Indofood Agri Resources 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. Indofood Agri Resources's current ROC (Joel Greenblatt) % is 24.56%, which is 127% above median its own 10-year median of 10.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indofood Agri Resources stock overvalued right now?
Based on GuruFocus' analysis, Indofood Agri Resources (INDFY) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.83, compared to a current price of $14.25 — trading 20.5% above its estimated fair value. The current ROC (Joel Greenblatt) % is 24.56%, which is 127% above median its 10-year median of 10.83 and 104.9% above the Consumer Packaged Goods industry median of 11.99. Indofood Agri Resources' overall GF Score™ is 66/100 with 1 warning sign 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 Indofood Agri Resources (INDFY), the current ROC (Joel Greenblatt) % is 24.56% as of Dec. 2025. 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 Indofood Agri Resources (INDFY) Overvalued in 2026?

Based on GuruFocus' analysis, Indofood Agri Resources stock appears to be overvalued. The current stock price of $14.25 is trading 20.5% above its estimated GF Value™ of $11.83. GuruFocus considers Indofood Agri Resources to be Modestly Overvalued.

Key valuation signals for INDFY:

  • ROC (Joel Greenblatt) %: 24.56% (127% above median its 10-year median of 10.83)
  • GF Value™: $11.83 vs. price of $14.25 (20.5% above fair value)
  • GF Score™: 66/100 with 1 warning sign
  • Industry Position: 104.9% above the Consumer Packaged Goods median (#676 of 1970)

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


Indofood Agri Resources Business Description

Other Exchanges 5JS:SingaporeZVF:Germany
Address 8 Eu Tong Sen Street, No. 16-96/97 The Central, Singapore, SGP, 059818
Indofood Agri Resources Ltd is a vertically-integrated agribusiness group, with its principal activities comprising research and development, oil palm seed breeding, cultivation of oil palm plantations, production and refining of crude palm oil, cultivation of rubber, sugar cane, cocoa, coconut, tea, and industrial timber plantations, and marketing and selling these end products. The company has two reportable operating segments: Plantations and the Edible Oils and Fats segment. The majority of revenue is derived from the Edible oils and fats segment, which produces, markets and sells edible oil, margarine, shortening and other related products and its derivative products. Geographically, the maximum revenue is generated from Indonesia.
66GF Score

Get the complete analysis for INDFY

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

$14.25
Price
$11.83
GF Value