Macay HoldingsPHS:MACAY -0.16%79 ROC (Joel Greenblatt) % is 37.76% as of Mar. 2026, which is 51% above its 10-year median of 24.96. GuruFocus rates PHS:MACAY with a GF Score™ of 79/100 and a GF Value™ of ₱7.37 (Modestly Undervalued). Among 117 Beverages - Non-Alcoholic companies, Macay Holdings ranks better than 84.62% 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. Macay Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 37.76%.
The historical rank and industry rank for Macay Holdings's ROC (Joel Greenblatt) % or its related term are showing as below:
PHS:MACAY'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.06 Med: 24.96 Max: 197.3
Current: 56.09
During the past 13 years, Macay Holdings's highest ROC (Joel Greenblatt) % was 197.30%. The lowest was 0.06%. And the median was 24.96%.
PHS:MACAY's ROC (Joel Greenblatt) % is ranked better than 84.62% of 117
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 20.27
vs PHS:MACAY: 56.09
Macay Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 130.20% per year.
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.
Macay Holdings ROC (Joel Greenblatt) % Related Terms
Macay Holdings ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Macay Holdings'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.
PHS:MACAY vs KO, PEP, MNST: ROC (Joel Greenblatt) % Comparison
For the Beverages - Non-Alcoholic subindustry, Macay Holdings'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.
Macay Holdings ROC (Joel Greenblatt) % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Macay Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Macay Holdings'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 37.76% mean?
Macay Holdings (PHS:MACAY) has a ROC (Joel Greenblatt) % of 37.76% 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 Macay Holdings and its competitors. This is 51% above median its historical median of 24.96. Over the past decade, Macay Holdings' ROC (Joel Greenblatt) % has ranged from 0.06 to 197.30. According to the industry distribution chart, Macay Holdings ranks #18 out of 117 companies in the Beverages - Non-Alcoholic industry, placing it in the top 15.4%.
Is Macay Holdings' ROC (Joel Greenblatt) % too high?
Macay Holdings' current ROC (Joel Greenblatt) % of 37.76% is 51% above median its 10-year median of 24.96. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 197.30. The Beverages - Non-Alcoholic industry median ROC (Joel Greenblatt) % is 20.27. Macay Holdings' value of 37.76% is 86.3% above this industry median. Based on the distribution chart, Macay Holdings ranks #18 out of 117 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Macay Holdings has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Macay Holdings' ROC (Joel Greenblatt) % compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Macay Holdings ranks #18 out of 117 companies for ROC (Joel Greenblatt) %. This places Macay Holdings in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 20.27. Macay Holdings' value of 37.76% is 86.3% above this benchmark. Historically, Macay Holdings' own ROC (Joel Greenblatt) % has ranged from 0.06 to 197.30 over the past decade. While the company's 10-year median is 24.96 vs. the industry median of 20.27, Macay Holdings 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 - Non-Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Non-Alcoholic companies is 20.27, based on 117 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. Macay Holdings's current ROC (Joel Greenblatt) % of 37.76% is 86.3% 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 Macay Holdings and its competitors. For the Beverages - Non-Alcoholic industry, the median ROC (Joel Greenblatt) % is 20.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macay Holdings's current ROC (Joel Greenblatt) % is 37.76%, which is 51% above median its own 10-year median of 24.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macay Holdings stock overvalued right now?
Based on GuruFocus' analysis, Macay Holdings (PHS:MACAY) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱7.37, compared to a current price of ₱6.10 — trading 17.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 37.76%, which is 51% above median its 10-year median of 24.96 and 86.3% above the Beverages - Non-Alcoholic industry median of 20.27. Macay Holdings' overall GF Score™ is 79/100. 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 Macay Holdings (PHS:MACAY), the current ROC (Joel Greenblatt) % is 37.76% 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 Macay Holdings (PHS:MACAY) Overvalued in 2026?
Based on GuruFocus' analysis, Macay Holdings stock appears to be undervalued.
The current stock price of ₱6.10 is trading 17.2% below its estimated GF Value™ of ₱7.37.
GuruFocus considers Macay Holdings to be Modestly Undervalued.
Key valuation signals for PHS:MACAY:
ROC (Joel Greenblatt) %: 37.76% (51% above median its 10-year median of 24.96)
GF Value™: ₱7.37 vs. price of ₱6.10 (17.2% below fair value)
Industry Position: 86.3% above the Beverages - Non-Alcoholic median (#18 of 117)
No single metric tells the full story. See the PHS:MACAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Macay Holdings Inc Group operates principally in the food and beverage business. The Group is organized into only one operating segment, food and beverage industry, which mainly consists of operations from RC, AEI, NCI, RCGBI and RCCI.
79GF Score
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