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Fomento Economico MexicanoB de CVMEX:FEMSAUB 90 ROC (Joel Greenblatt) % is 36.66% as of Mar. 2026, which is 10% above its 10-year median of 33.23. GuruFocus rates MEX:FEMSAUB with a GF Score™ of 90/100 and a GF Value™ of MXN210.92 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 210 Beverages - Alcoholic companies, Fomento Economico MexicanoB de CV ranks better than 74.76% 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. Fomento Economico MexicanoB de CV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 36.66%.
The historical rank and industry rank for Fomento Economico MexicanoB de CV's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:FEMSAUB'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 20.97 Med: 33.23 Max: 38.42
Current: 28.46
During the past 13 years, Fomento Economico MexicanoB de CV's highest ROC (Joel Greenblatt) % was 38.42%. The lowest was 20.97%. And the median was 33.23%.
MEX:FEMSAUB's ROC (Joel Greenblatt) % is ranked better than 74.76% of 210
companies
in the Beverages - Alcoholic industry
Industry Median: 12.005
vs MEX:FEMSAUB: 28.46
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.
Fomento Economico MexicanoB de CV ROC (Joel Greenblatt) % Chart
MEX:FEMSAUB vs BUD, STZ, TAP: ROC (Joel Greenblatt) % Comparison
For the Beverages - Brewers subindustry, Fomento Economico MexicanoB de CV'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.
Fomento Economico MexicanoB de CV ROC (Joel Greenblatt) % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Fomento Economico MexicanoB de CV's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fomento Economico MexicanoB de CV's ROC (Joel Greenblatt) % falls into.
Fomento Economico MexicanoB de CV 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 (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 36.66% mean?
Fomento Economico MexicanoB de CV (MEX:FEMSAUB) has a ROC (Joel Greenblatt) % of 36.66% 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 Fomento Economico MexicanoB de CV and its competitors. This is 10% above median its historical median of 33.23. Over the past decade, Fomento Economico MexicanoB de CV's ROC (Joel Greenblatt) % has ranged from 20.97 to 38.42. According to the industry distribution chart, Fomento Economico MexicanoB de CV ranks #53 out of 210 companies in the Beverages - Alcoholic industry, placing it in the top 25.2%.
Is Fomento Economico MexicanoB de CV's ROC (Joel Greenblatt) % too high?
Fomento Economico MexicanoB de CV's current ROC (Joel Greenblatt) % of 36.66% is 10% above median its 10-year median of 33.23. Over the past 10 years, this metric has ranged from a low of 20.97 to a high of 38.42. The Beverages - Alcoholic industry median ROC (Joel Greenblatt) % is 12.01. Fomento Economico MexicanoB de CV's value of 36.66% is 205.4% above this industry median. Based on the distribution chart, Fomento Economico MexicanoB de CV ranks #53 out of 210 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Fomento Economico MexicanoB de CV has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fomento Economico MexicanoB de CV's ROC (Joel Greenblatt) % compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Fomento Economico MexicanoB de CV ranks #53 out of 210 companies for ROC (Joel Greenblatt) %. This puts Fomento Economico MexicanoB de CV in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 12.01. Fomento Economico MexicanoB de CV's value of 36.66% is 205.4% above this benchmark. Historically, Fomento Economico MexicanoB de CV's own ROC (Joel Greenblatt) % has ranged from 20.97 to 38.42 over the past decade. While the company's 10-year median is 33.23 vs. the industry median of 12.01, Fomento Economico MexicanoB de CV 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 Beverages - Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Alcoholic companies is 12.01, based on 210 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. Fomento Economico MexicanoB de CV's current ROC (Joel Greenblatt) % of 36.66% is 205.4% 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 Fomento Economico MexicanoB de CV and its competitors. For the Beverages - Alcoholic industry, the median ROC (Joel Greenblatt) % is 12.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fomento Economico MexicanoB de CV's current ROC (Joel Greenblatt) % is 36.66%, which is 10% above median its own 10-year median of 33.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fomento Economico MexicanoB de CV stock overvalued right now?
Based on GuruFocus' analysis, Fomento Economico MexicanoB de CV (MEX:FEMSAUB) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN210.92, compared to a current price of MXN174.00 — trading 17.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 36.66%, which is 10% above median its 10-year median of 33.23 and 205.4% above the Beverages - Alcoholic industry median of 12.01. Fomento Economico MexicanoB de CV's overall GF Score™ is 90/100 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 Fomento Economico MexicanoB de CV (MEX:FEMSAUB), the current ROC (Joel Greenblatt) % is 36.66% 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 Fomento Economico MexicanoB de CV (MEX:FEMSAUB) Overvalued in 2026?
Based on GuruFocus' analysis, Fomento Economico MexicanoB de CV stock appears to be undervalued.
The current stock price of MXN174.00 is trading 17.5% below its estimated GF Value™ of MXN210.92.
GuruFocus considers Fomento Economico MexicanoB de CV to be Modestly Undervalued.
Key valuation signals for MEX:FEMSAUB:
ROC (Joel Greenblatt) %: 36.66% (10% above median its 10-year median of 33.23)
GF Value™: MXN210.92 vs. price of MXN174.00 (17.5% below fair value)
Industry Position: 205.4% above the Beverages - Alcoholic median (#53 of 210)
No single metric tells the full story. See the MEX:FEMSAUB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fomento Economico MexicanoB de CV Business Description
Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm divested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up over 70% of total company revenue and over 90% of profits in 2025.
90GF Score
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