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My Food Bag GroupNZSE:MFB 50 ROC (Joel Greenblatt) % is 89.51% as of Mar. 2026, which is 12% above its 10-year median of 80.10. GuruFocus rates NZSE:MFB with a GF Score™ of 50/100 and a GF Value™ of NZ$0.21 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,129 Retail - Cyclical companies, My Food Bag Group ranks better than 92.29% 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. My Food Bag Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 89.51%.
The historical rank and industry rank for My Food Bag Group's ROC (Joel Greenblatt) % or its related term are showing as below:
NZSE:MFB'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 60.6 Med: 80.1 Max: 270.25
Current: 74.93
During the past 6 years, My Food Bag Group's highest ROC (Joel Greenblatt) % was 270.25%. The lowest was 60.60%. And the median was 80.10%.
NZSE:MFB's ROC (Joel Greenblatt) % is ranked better than 92.29% of 1129
companies
in the Retail - Cyclical industry
Industry Median: 11.63
vs NZSE:MFB: 74.93
My Food Bag Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -15.20% per year.
My Food Bag Group (NZSE:MFB) 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.
My Food Bag Group ROC (Joel Greenblatt) % Related Terms
My Food Bag Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for My Food Bag Group'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.
NZSE:MFB vs AMZN, BABA, PDD: ROC (Joel Greenblatt) % Comparison
For the Internet Retail subindustry, My Food Bag Group'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.
My Food Bag Group ROC (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, My Food Bag Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where My Food Bag Group's ROC (Joel Greenblatt) % falls into.
My Food Bag Group 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 two times the semi-annual (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 89.51% mean?
My Food Bag Group (NZSE:MFB) has a ROC (Joel Greenblatt) % of 89.51% 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 My Food Bag Group and its competitors. This is 12% above median its historical median of 80.10. Over the past decade, My Food Bag Group's ROC (Joel Greenblatt) % has ranged from 60.60 to 270.25. According to the industry distribution chart, My Food Bag Group ranks #87 out of 1129 companies in the Retail - Cyclical industry, placing it in the top 7.7%.
Is My Food Bag Group's ROC (Joel Greenblatt) % too high?
My Food Bag Group's current ROC (Joel Greenblatt) % of 89.51% is 12% above median its 10-year median of 80.10. Over the past 10 years, this metric has ranged from a low of 60.60 to a high of 270.25. The Retail - Cyclical industry median ROC (Joel Greenblatt) % is 11.63. My Food Bag Group's value of 89.51% is 669.6% above this industry median. Based on the distribution chart, My Food Bag Group ranks #87 out of 1129 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, My Food Bag Group has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does My Food Bag Group's ROC (Joel Greenblatt) % compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, My Food Bag Group ranks #87 out of 1129 companies for ROC (Joel Greenblatt) %. This places My Food Bag Group in the top 8% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.63. My Food Bag Group's value of 89.51% is 669.6% above this benchmark. Historically, My Food Bag Group's own ROC (Joel Greenblatt) % has ranged from 60.60 to 270.25 over the past decade. While the company's 10-year median is 80.10 vs. the industry median of 11.63, My Food Bag Group 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 - Cyclical company?
The median ROC (Joel Greenblatt) % among Retail - Cyclical companies is 11.63, based on 1,129 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. My Food Bag Group's current ROC (Joel Greenblatt) % of 89.51% is 669.6% 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 My Food Bag Group and its competitors. For the Retail - Cyclical industry, the median ROC (Joel Greenblatt) % is 11.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. My Food Bag Group's current ROC (Joel Greenblatt) % is 89.51%, which is 12% above median its own 10-year median of 80.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is My Food Bag Group stock overvalued right now?
Based on GuruFocus' analysis, My Food Bag Group (NZSE:MFB) is currently considered Significantly Overvalued. The stock's GF Value™ is NZ$0.21, compared to a current price of NZ$0.29 — trading 35.7% above its estimated fair value. The current ROC (Joel Greenblatt) % is 89.51%, which is 12% above median its 10-year median of 80.10 and 669.6% above the Retail - Cyclical industry median of 11.63. My Food Bag Group's overall GF Score™ is 50/100 with 9 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 My Food Bag Group (NZSE:MFB), the current ROC (Joel Greenblatt) % is 89.51% 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 My Food Bag Group (NZSE:MFB) Overvalued in 2026?
Based on GuruFocus' analysis, My Food Bag Group stock appears to be overvalued.
The current stock price of NZ$0.29 is trading 35.7% above its estimated GF Value™ of NZ$0.21.
GuruFocus considers My Food Bag Group to be Significantly Overvalued.
Key valuation signals for NZSE:MFB:
ROC (Joel Greenblatt) %: 89.51% (12% above median its 10-year median of 80.10)
GF Value™: NZ$0.21 vs. price of NZ$0.29 (35.7% above fair value)
Industry Position: 669.6% above the Retail - Cyclical median (#87 of 1129)
No single metric tells the full story. See the NZSE:MFB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
My Food Bag Group Ltd operates in the online food delivery market in New Zealand. It delivers bags full of fresh and locally sourced ingredients along with easy-to-follow recipes direct to families across New Zealand. The company drives revenue principally by the volume of bags delivered to customers and the average order value of bags delivered. The company operates in one geographic area, New Zealand.
50GF Score
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