MetcashMCSHF -36.26%54 ROC (Joel Greenblatt) % is 32.93% as of Apr. 2026, which is 20% below its 10-year median of 41.34. GuruFocus rates MCSHF with a GF Score™ of 54/100 and a GF Value™ of $3.03 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 308 Retail - Defensive companies, Metcash ranks better than 85.06% 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. Metcash's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 32.93%.
The historical rank and industry rank for Metcash's ROC (Joel Greenblatt) % or its related term are showing as below:
MCSHF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -12.73 Med: 41.34 Max: 133.45
Current: 33.38
During the past 13 years, Metcash's highest ROC (Joel Greenblatt) % was 133.45%. The lowest was -12.73%. And the median was 41.34%.
MCSHF's ROC (Joel Greenblatt) % is ranked better than 85.06% of 308
companies
in the Retail - Defensive industry
Industry Median: 13.375
vs MCSHF: 33.38
Metcash's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.00% 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.
The historical data trend for Metcash'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.
MCSHF vs SYY, USFD, PFGC: ROC (Joel Greenblatt) % Comparison
For the Food Distribution subindustry, Metcash'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.
Metcash ROC (Joel Greenblatt) % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Metcash's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Metcash'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 (Apr. 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 32.93% mean?
Metcash (MCSHF) has a ROC (Joel Greenblatt) % of 32.93% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Metcash and its competitors. This is 20% below median its historical median of 41.34. According to the industry distribution chart, Metcash ranks #46 out of 308 companies in the Retail - Defensive industry, placing it in the top 14.9%.
Is Metcash's ROC (Joel Greenblatt) % too high?
Metcash's current ROC (Joel Greenblatt) % of 32.93% is 20% below median its 10-year median of 41.34. The Retail - Defensive industry median ROC (Joel Greenblatt) % is 13.38. Metcash's value of 32.93% is 146.2% above this industry median. Based on the distribution chart, Metcash ranks #46 out of 308 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Metcash has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Metcash's ROC (Joel Greenblatt) % compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Metcash ranks #46 out of 308 companies for ROC (Joel Greenblatt) %. This places Metcash in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 13.38. Metcash's value of 32.93% is 146.2% above this benchmark. While the company's 10-year median is 41.34 vs. the industry median of 13.38, Metcash 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. Metcash's current ROC (Joel Greenblatt) % of 32.93% is 146.2% 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 Metcash 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. Metcash's current ROC (Joel Greenblatt) % is 32.93%, which is 20% below median its own 10-year median of 41.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metcash stock overvalued right now?
Based on GuruFocus' analysis, Metcash (MCSHF) is currently considered Significantly Undervalued. The stock's GF Value™ is $3.03, compared to a current price of $1.48 — trading 51.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 32.93%, which is 20% below median its 10-year median of 41.34 and 146.2% above the Retail - Defensive industry median of 13.38. Metcash's overall GF Score™ is 54/100 with 2 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 Metcash (MCSHF), the current ROC (Joel Greenblatt) % is 32.93% as of Apr. 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 Metcash (MCSHF) Overvalued in 2026?
Based on GuruFocus' analysis, Metcash stock appears to be undervalued.
The current stock price of $1.48 is trading 51.2% below its estimated GF Value™ of $3.03.
GuruFocus considers Metcash to be Significantly Undervalued.
Key valuation signals for MCSHF:
ROC (Joel Greenblatt) %: 32.93% (20% below median its 10-year median of 41.34)
GF Value™: $3.03 vs. price of $1.48 (51.2% below fair value)
Industry Position: 146.2% above the Retail - Defensive median (#46 of 308)
No single metric tells the full story. See the MCSHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Metcash is a wholesaler, and to a lesser extent a retailer, specializing in food, liquor, and hardware. Centralized wholesale distribution enables independent retailers to gain access to the combined scale of many retailers to negotiate material volume discounts.The food segment distributes a range of products and services to independent supermarket and convenience stores. The hardware segment distributes hardware products to independent retail outlets and operates company-owned stores. The liquor segment distributes liquor products to independent retailers and venues like pubs.
54GF Score
Get the complete analysis for MCSHF
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MCSHF has been successfully added to your 
