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PT Budi Starch & Sweetener TbkISX:BUDI +4.81%72 ROC (Joel Greenblatt) % is 8.49% as of Mar. 2026, which is 7% above its 10-year median of 7.91. GuruFocus rates ISX:BUDI with a GF Score™ of 72/100 and a GF Value™ of Rp217.88 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,981 Consumer Packaged Goods companies, PT Budi Starch & Sweetener Tbk ranks worse than 60.02% 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. PT Budi Starch & Sweetener Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.49%.
The historical rank and industry rank for PT Budi Starch & Sweetener Tbk's ROC (Joel Greenblatt) % or its related term are showing as below:
ISX:BUDI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.81 Med: 7.91 Max: 8.52
Current: 8.45
During the past 13 years, PT Budi Starch & Sweetener Tbk's highest ROC (Joel Greenblatt) % was 8.52%. The lowest was 6.81%. And the median was 7.91%.
ISX:BUDI's ROC (Joel Greenblatt) % is ranked worse than 60.02% of 1981
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs ISX:BUDI: 8.45
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.
* 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.
ISX:BUDI vs KHC, GIS: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, PT Budi Starch & Sweetener Tbk'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.
PT Budi Starch & Sweetener Tbk ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Budi Starch & Sweetener Tbk's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where PT Budi Starch & Sweetener Tbk'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 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 8.49% mean?
PT Budi Starch & Sweetener Tbk (ISX:BUDI) has a ROC (Joel Greenblatt) % of 8.49% 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 PT Budi Starch & Sweetener Tbk and its competitors. This is near median its historical median of 7.91. Over the past decade, PT Budi Starch & Sweetener Tbk's ROC (Joel Greenblatt) % has ranged from 6.81 to 8.52. According to the industry distribution chart, PT Budi Starch & Sweetener Tbk ranks #1189 out of 1981 companies in the Consumer Packaged Goods industry, placing it in the top 60%.
Is PT Budi Starch & Sweetener Tbk's ROC (Joel Greenblatt) % too high?
PT Budi Starch & Sweetener Tbk's current ROC (Joel Greenblatt) % of 8.49% is near median its 10-year median of 7.91. Over the past 10 years, this metric has ranged from a low of 6.81 to a high of 8.52. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. PT Budi Starch & Sweetener Tbk's value of 8.49% is 29.2% below this industry median. Based on the distribution chart, PT Budi Starch & Sweetener Tbk ranks #1189 out of 1981 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, PT Budi Starch & Sweetener Tbk has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Budi Starch & Sweetener Tbk's ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, PT Budi Starch & Sweetener Tbk ranks #1189 out of 1981 companies for ROC (Joel Greenblatt) %. This places PT Budi Starch & Sweetener Tbk in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. PT Budi Starch & Sweetener Tbk's value of 8.49% is 29.2% below this benchmark. Historically, PT Budi Starch & Sweetener Tbk's own ROC (Joel Greenblatt) % has ranged from 6.81 to 8.52 over the past decade. While the company's 10-year median is 7.91 vs. the industry median of 11.99, PT Budi Starch & Sweetener Tbk 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 1,981 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. PT Budi Starch & Sweetener Tbk's current ROC (Joel Greenblatt) % of 8.49% is 29.2% 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 PT Budi Starch & Sweetener Tbk 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. PT Budi Starch & Sweetener Tbk's current ROC (Joel Greenblatt) % is 8.49%, which is near median its own 10-year median of 7.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Budi Starch & Sweetener Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Budi Starch & Sweetener Tbk (ISX:BUDI) is currently considered Fairly Valued. The stock's GF Value™ is Rp217.88, compared to a current price of Rp218.00 — trading 0.1% above its estimated fair value. The current ROC (Joel Greenblatt) % is 8.49%, which is near median its 10-year median of 7.91 and 29.2% below the Consumer Packaged Goods industry median of 11.99. PT Budi Starch & Sweetener Tbk's overall GF Score™ is 72/100 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 PT Budi Starch & Sweetener Tbk (ISX:BUDI), the current ROC (Joel Greenblatt) % is 8.49% 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 PT Budi Starch & Sweetener Tbk (ISX:BUDI) Overvalued in 2026?
Based on GuruFocus' analysis, PT Budi Starch & Sweetener Tbk stock appears to be overvalued.
The current stock price of Rp218.00 is trading 0.1% above its estimated GF Value™ of Rp217.88.
GuruFocus considers PT Budi Starch & Sweetener Tbk to be Fairly Valued.
Key valuation signals for ISX:BUDI:
ROC (Joel Greenblatt) %: 8.49% (near median its 10-year median of 7.91)
GF Value™: Rp217.88 vs. price of Rp218.00 (0.1% above fair value)
Industry Position: 29.2% below the Consumer Packaged Goods median (#1189 of 1981)
No single metric tells the full story. See the ISX:BUDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Budi Starch & Sweetener Tbk, along with its subsidiaries, is engaged in offering cassava-based products and all derivative products produced from sweet potato, palm oil, copra, and other agricultural products. The company's operating segments are presented based on its products and include tapioca starch, sweeteners, sulfuric acid and others, and plastic packaging. The majority of its revenue is generated from the sale of tapioca starch. Geographically, the firm derives the majority of its revenue from the domestic market and also exports its products to other countries.
72GF Score
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