Mazda MotorMZDAY -0.61%85 ROC (Joel Greenblatt) % is 20.56% as of Mar. 2026, which is 63% above its 10-year median of 12.59. GuruFocus rates MZDAY with a GF Score™ of 85/100 and a GF Value™ of $3.74 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,336 Vehicles & Parts companies, Mazda Motor ranks worse than 68.41% 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. Mazda Motor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.56%.
The historical rank and industry rank for Mazda Motor's ROC (Joel Greenblatt) % or its related term are showing as below:
MZDAY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.95 Med: 12.59 Max: 25.97
Current: 5.78
During the past 13 years, Mazda Motor's highest ROC (Joel Greenblatt) % was 25.97%. The lowest was 0.95%. And the median was 12.59%.
MZDAY's ROC (Joel Greenblatt) % is ranked worse than 68.41% of 1336
companies
in the Vehicles & Parts industry
Industry Median: 11.97
vs MZDAY: 5.78
Mazda Motor's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 34.00% per year.
Mazda Motor (OTCPK:MZDAY) 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.
Mazda Motor ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Mazda Motor'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.
MZDAY vs TSLA, GM, F: ROC (Joel Greenblatt) % Comparison
For the Auto Manufacturers subindustry, Mazda Motor'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.
Mazda Motor ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Mazda Motor's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Mazda Motor'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 20.56% mean?
Mazda Motor (MZDAY) has a ROC (Joel Greenblatt) % of 20.56% 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 Mazda Motor and its competitors. This is 63% above median its historical median of 12.59. Over the past decade, Mazda Motor's ROC (Joel Greenblatt) % has ranged from 0.95 to 25.97. According to the industry distribution chart, Mazda Motor ranks #914 out of 1336 companies in the Vehicles & Parts industry, placing it in the top 68.4%.
Is Mazda Motor's ROC (Joel Greenblatt) % too high?
Mazda Motor's current ROC (Joel Greenblatt) % of 20.56% is 63% above median its 10-year median of 12.59. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 25.97. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 11.97. Mazda Motor's value of 20.56% is 71.8% above this industry median. Based on the distribution chart, Mazda Motor ranks #914 out of 1336 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Mazda Motor has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mazda Motor's ROC (Joel Greenblatt) % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Mazda Motor ranks #914 out of 1336 companies for ROC (Joel Greenblatt) %. This places Mazda Motor in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.97. Mazda Motor's value of 20.56% is 71.8% above this benchmark. Historically, Mazda Motor's own ROC (Joel Greenblatt) % has ranged from 0.95 to 25.97 over the past decade. While the company's 10-year median is 12.59 vs. the industry median of 11.97, Mazda Motor 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 Vehicles & Parts company?
The median ROC (Joel Greenblatt) % among Vehicles & Parts companies is 11.97, based on 1,336 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. Mazda Motor's current ROC (Joel Greenblatt) % of 20.56% is 71.8% 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 Mazda Motor and its competitors. For the Vehicles & Parts industry, the median ROC (Joel Greenblatt) % is 11.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mazda Motor's current ROC (Joel Greenblatt) % is 20.56%, which is 63% above median its own 10-year median of 12.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mazda Motor stock overvalued right now?
Based on GuruFocus' analysis, Mazda Motor (MZDAY) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.74, compared to a current price of $3.35 — trading 10.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 20.56%, which is 63% above median its 10-year median of 12.59 and 71.8% above the Vehicles & Parts industry median of 11.97. Mazda Motor's overall GF Score™ is 85/100 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 Mazda Motor (MZDAY), the current ROC (Joel Greenblatt) % is 20.56% 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 Mazda Motor (MZDAY) Overvalued in 2026?
Based on GuruFocus' analysis, Mazda Motor stock appears to be undervalued.
The current stock price of $3.35 is trading 10.5% below its estimated GF Value™ of $3.74.
GuruFocus considers Mazda Motor to be Modestly Undervalued.
Key valuation signals for MZDAY:
ROC (Joel Greenblatt) %: 20.56% (63% above median its 10-year median of 12.59)
GF Value™: $3.74 vs. price of $3.35 (10.5% below fair value)
Industry Position: 71.8% above the Vehicles & Parts median (#914 of 1336)
No single metric tells the full story. See the MZDAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mazda Motor Corp is a Japanese automobile manufacturer. The company mainly manufactures passenger cars and commercial vehicles. It also manufactures diesel and petroleum gasoline engines, along with manual and automatic transmissions for vehicles. The vast majority of the companys production is manufactured locally. The company segments itself across four geographic areas: Japan, North America, Europe, and other markets.
85GF Score
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