McDonald's Holdings Co (Japan)MDNDF 74 ROC (Joel Greenblatt) % is 16.89% as of Dec. 2025, which is 34% below its 10-year median of 25.75. GuruFocus rates MDNDF with a GF Score™ of 74/100 and a GF Value™ of $36.74. The stock has 2 warning signs investors should review. Among 361 Restaurants companies, McDonald's Holdings Co (Japan) ranks better than 77.84% 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. McDonald's Holdings Co (Japan)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 16.89%.
The historical rank and industry rank for McDonald's Holdings Co (Japan)'s ROC (Joel Greenblatt) % or its related term are showing as below:
MDNDF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.02 Med: 25.75 Max: 33.22
Current: 27.66
During the past 13 years, McDonald's Holdings Co (Japan)'s highest ROC (Joel Greenblatt) % was 33.22%. The lowest was 9.02%. And the median was 25.75%.
MDNDF's ROC (Joel Greenblatt) % is ranked better than 77.84% of 361
companies
in the Restaurants industry
Industry Median: 8.67
vs MDNDF: 27.66
McDonald's Holdings Co (Japan) (OTCPK:MDNDF) 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.
* 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.
McDonald's Holdings Co (Japan) ROC (Joel Greenblatt) % Chart
MDNDF vs MCD, SBUX, YUM: ROC (Joel Greenblatt) % Comparison
For the Restaurants subindustry, McDonald's Holdings Co (Japan)'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.
McDonald's Holdings Co (Japan) ROC (Joel Greenblatt) % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, McDonald's Holdings Co (Japan)'s ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where McDonald's Holdings Co (Japan)'s ROC (Joel Greenblatt) % falls into.
McDonald's Holdings Co (Japan) 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 (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 16.89% mean?
McDonald's Holdings Co (Japan) (MDNDF) has a ROC (Joel Greenblatt) % of 16.89% 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 McDonald's Holdings Co (Japan) and its competitors. This is 34% below median its historical median of 25.75. Over the past decade, McDonald's Holdings Co (Japan)'s ROC (Joel Greenblatt) % has ranged from 9.02 to 33.22. According to the industry distribution chart, McDonald's Holdings Co (Japan) ranks #80 out of 361 companies in the Restaurants industry, placing it in the top 22.2%.
Is McDonald's Holdings Co (Japan)'s ROC (Joel Greenblatt) % too high?
McDonald's Holdings Co (Japan)'s current ROC (Joel Greenblatt) % of 16.89% is 34% below median its 10-year median of 25.75. Over the past 10 years, this metric has ranged from a low of 9.02 to a high of 33.22. The Restaurants industry median ROC (Joel Greenblatt) % is 8.67. McDonald's Holdings Co (Japan)'s value of 16.89% is 94.8% above this industry median. Based on the distribution chart, McDonald's Holdings Co (Japan) ranks #80 out of 361 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, McDonald's Holdings Co (Japan) has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does McDonald's Holdings Co (Japan)'s ROC (Joel Greenblatt) % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, McDonald's Holdings Co (Japan) ranks #80 out of 361 companies for ROC (Joel Greenblatt) %. This places McDonald's Holdings Co (Japan) in the top 22% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.67. McDonald's Holdings Co (Japan)'s value of 16.89% is 94.8% above this benchmark. Historically, McDonald's Holdings Co (Japan)'s own ROC (Joel Greenblatt) % has ranged from 9.02 to 33.22 over the past decade. While the company's 10-year median is 25.75 vs. the industry median of 8.67, McDonald's Holdings Co (Japan) 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 Restaurants company?
The median ROC (Joel Greenblatt) % among Restaurants companies is 8.67, based on 361 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. McDonald's Holdings Co (Japan)'s current ROC (Joel Greenblatt) % of 16.89% is 94.8% 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 McDonald's Holdings Co (Japan) and its competitors. For the Restaurants industry, the median ROC (Joel Greenblatt) % is 8.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McDonald's Holdings Co (Japan)'s current ROC (Joel Greenblatt) % is 16.89%, which is 34% below median its own 10-year median of 25.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McDonald's Holdings Co (Japan) stock overvalued right now?
McDonald's Holdings Co (Japan) (MDNDF) has a current ROC (Joel Greenblatt) % of 16.89%. The stock's GF Value™ is $36.74, compared to a current price of $42.00 — trading 14.3% above its estimated fair value. The current ROC (Joel Greenblatt) % is 16.89%, which is 34% below median its 10-year median of 25.75 and 94.8% above the Restaurants industry median of 8.67. McDonald's Holdings Co (Japan)'s overall GF Score™ is 74/100 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 McDonald's Holdings Co (Japan) (MDNDF), the current ROC (Joel Greenblatt) % is 16.89% 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 McDonald's Holdings Co (Japan) (MDNDF) Overvalued in 2026?
Based on GuruFocus' analysis, McDonald's Holdings Co (Japan) stock appears to be overvalued.
The current stock price of $42.00 is trading 14.3% above its estimated GF Value™ of $36.74.
Key valuation signals for MDNDF:
ROC (Joel Greenblatt) %: 16.89% (34% below median its 10-year median of 25.75)
GF Value™: $36.74 vs. price of $42.00 (14.3% above fair value)
Industry Position: 94.8% above the Restaurants median (#80 of 361)
No single metric tells the full story. See the MDNDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
McDonald's Holdings Co (Japan) Business Description
McDonald's Holdings Co (Japan) Ltd has a license to operate McDonald's fast-food restaurants in Japan. It is engaged in the operation and management of hamburger restaurant chains under the McDonald's brand. The company pays royalties for licensed rights and, in Japan, provides sub-licenses for its know-how and trademarks to franchisees operating its franchise restaurants, from whom it earns royalty income.
74GF Score
Get the complete analysis for MDNDF
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
MDNDF has been successfully added to your 
