Milbon CoMIOFF 72 ROC (Joel Greenblatt) % is 26.09% as of Dec. 2025, which is 16% below its 10-year median of 30.92. GuruFocus rates MIOFF with a GF Score™ of 72/100 and a GF Value™ of $68.26. The stock has 4 warning signs investors should review. Among 1,971 Consumer Packaged Goods companies, Milbon Co ranks better than 67.07% 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. Milbon Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 26.09%.
The historical rank and industry rank for Milbon Co's ROC (Joel Greenblatt) % or its related term are showing as below:
MIOFF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 18.03 Med: 30.92 Max: 38.7
Current: 19.2
During the past 13 years, Milbon Co's highest ROC (Joel Greenblatt) % was 38.70%. The lowest was 18.03%. And the median was 30.92%.
MIOFF's ROC (Joel Greenblatt) % is ranked better than 67.07% of 1971
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs MIOFF: 19.20
Milbon Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -13.80% per year.
Milbon Co (OTCPK:MIOFF) 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.
The historical data trend for Milbon Co'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.
MIOFF vs PG, CL, KVUE: ROC (Joel Greenblatt) % Comparison
For the Household & Personal Products subindustry, Milbon Co'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.
Milbon Co ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Milbon Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Milbon Co'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 (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 26.09% mean?
Milbon Co (MIOFF) has a ROC (Joel Greenblatt) % of 26.09% 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 Milbon Co and its competitors. This is 16% below median its historical median of 30.92. Over the past decade, Milbon Co's ROC (Joel Greenblatt) % has ranged from 18.03 to 38.70. According to the industry distribution chart, Milbon Co ranks #649 out of 1971 companies in the Consumer Packaged Goods industry, placing it in the top 32.9%.
Is Milbon Co's ROC (Joel Greenblatt) % too high?
Milbon Co's current ROC (Joel Greenblatt) % of 26.09% is 16% below median its 10-year median of 30.92. Over the past 10 years, this metric has ranged from a low of 18.03 to a high of 38.70. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Milbon Co's value of 26.09% is 117.6% above this industry median. Based on the distribution chart, Milbon Co ranks #649 out of 1971 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Milbon Co has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Milbon Co's ROC (Joel Greenblatt) % compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Milbon Co ranks #649 out of 1971 companies for ROC (Joel Greenblatt) %. This puts Milbon Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Milbon Co's value of 26.09% is 117.6% above this benchmark. Historically, Milbon Co's own ROC (Joel Greenblatt) % has ranged from 18.03 to 38.70 over the past decade. While the company's 10-year median is 30.92 vs. the industry median of 11.99, Milbon Co 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 1,971 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. Milbon Co's current ROC (Joel Greenblatt) % of 26.09% is 117.6% 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 Milbon Co 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. Milbon Co's current ROC (Joel Greenblatt) % is 26.09%, which is 16% below median its own 10-year median of 30.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Milbon Co stock overvalued right now?
Milbon Co (MIOFF) has a current ROC (Joel Greenblatt) % of 26.09%. The stock's GF Value™ is $68.26, compared to a current price of $52.60 — trading 22.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 26.09%, which is 16% below median its 10-year median of 30.92 and 117.6% above the Consumer Packaged Goods industry median of 11.99. Milbon Co's overall GF Score™ is 72/100 with 4 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 Milbon Co (MIOFF), the current ROC (Joel Greenblatt) % is 26.09% 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 Milbon Co (MIOFF) Overvalued in 2026?
Based on GuruFocus' analysis, Milbon Co stock appears to be undervalued.
The current stock price of $52.60 is trading 22.9% below its estimated GF Value™ of $68.26.
Key valuation signals for MIOFF:
ROC (Joel Greenblatt) %: 26.09% (16% below median its 10-year median of 30.92)
GF Value™: $68.26 vs. price of $52.60 (22.9% below fair value)
Industry Position: 117.6% above the Consumer Packaged Goods median (#649 of 1971)
No single metric tells the full story. See the MIOFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Milbon Co Ltd is a Japan-based company that is principally engaged in producing and selling hair care products. Its products consist of hair-coloring products, hair-styling products, shampoos, conditioners, permanent-wave products, scalp lotion, hair treatments, tools for permanent waves, and other. Hair-care products and hair-coloring products jointly contribute the majority of the company's total revenue. The company operates through a global network, including Japan, Mainland China, Korea, Hong Kong, Taiwan, Thailand, Vietnam, Philippines, Malaysia, Indonesia, Turkey, and the United States.
72GF Score
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