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Tehmag FoodsROCO:1264 +0.78%78 ROC (Joel Greenblatt) % is 34.17% as of Mar. 2026, which is 24% below its 10-year median of 44.68. GuruFocus rates ROCO:1264 with a GF Score™ of 78/100 and a GF Value™ of NT$347.39 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,978 Consumer Packaged Goods companies, Tehmag Foods ranks better than 82.86% 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. Tehmag Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 34.17%.
The historical rank and industry rank for Tehmag Foods's ROC (Joel Greenblatt) % or its related term are showing as below:
ROCO:1264'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 30.74 Med: 44.68 Max: 49.31
Current: 34.38
During the past 13 years, Tehmag Foods's highest ROC (Joel Greenblatt) % was 49.31%. The lowest was 30.74%. And the median was 44.68%.
ROCO:1264's ROC (Joel Greenblatt) % is ranked better than 82.86% of 1978
companies
in the Consumer Packaged Goods industry
Industry Median: 12.075
vs ROCO:1264: 34.38
Tehmag Foods's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.40% 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.
Tehmag Foods ROC (Joel Greenblatt) % Related Terms
Tehmag Foods ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Tehmag Foods'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.
ROCO:1264 vs KHC, GIS: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Tehmag Foods'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.
Tehmag Foods ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tehmag Foods's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tehmag Foods'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 34.17% mean?
Tehmag Foods (ROCO:1264) has a ROC (Joel Greenblatt) % of 34.17% 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 Tehmag Foods and its competitors. This is 24% below median its historical median of 44.68. Over the past decade, Tehmag Foods' ROC (Joel Greenblatt) % has ranged from 30.74 to 49.31. According to the industry distribution chart, Tehmag Foods ranks #339 out of 1978 companies in the Consumer Packaged Goods industry, placing it in the top 17.1%.
Is Tehmag Foods' ROC (Joel Greenblatt) % too high?
Tehmag Foods' current ROC (Joel Greenblatt) % of 34.17% is 24% below median its 10-year median of 44.68. Over the past 10 years, this metric has ranged from a low of 30.74 to a high of 49.31. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 12.08. Tehmag Foods' value of 34.17% is 183% above this industry median. Based on the distribution chart, Tehmag Foods ranks #339 out of 1978 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Tehmag Foods has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tehmag Foods' ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Tehmag Foods ranks #339 out of 1978 companies for ROC (Joel Greenblatt) %. This places Tehmag Foods in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.08. Tehmag Foods' value of 34.17% is 183% above this benchmark. Historically, Tehmag Foods' own ROC (Joel Greenblatt) % has ranged from 30.74 to 49.31 over the past decade. While the company's 10-year median is 44.68 vs. the industry median of 12.08, Tehmag Foods 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 12.08, based on 1,978 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. Tehmag Foods's current ROC (Joel Greenblatt) % of 34.17% is 183% 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 Tehmag Foods and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 12.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tehmag Foods's current ROC (Joel Greenblatt) % is 34.17%, which is 24% below median its own 10-year median of 44.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tehmag Foods stock overvalued right now?
Based on GuruFocus' analysis, Tehmag Foods (ROCO:1264) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$347.39, compared to a current price of NT$258.00 — trading 25.7% below its estimated fair value. The current ROC (Joel Greenblatt) % is 34.17%, which is 24% below median its 10-year median of 44.68 and 183% above the Consumer Packaged Goods industry median of 12.08. Tehmag Foods' overall GF Score™ is 78/100 with 3 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 Tehmag Foods (ROCO:1264), the current ROC (Joel Greenblatt) % is 34.17% 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 Tehmag Foods (ROCO:1264) Overvalued in 2026?
Based on GuruFocus' analysis, Tehmag Foods stock appears to be undervalued.
The current stock price of NT$258.00 is trading 25.7% below its estimated GF Value™ of NT$347.39.
GuruFocus considers Tehmag Foods to be Modestly Undervalued.
Key valuation signals for ROCO:1264:
ROC (Joel Greenblatt) %: 34.17% (24% below median its 10-year median of 44.68)
GF Value™: NT$347.39 vs. price of NT$258.00 (25.7% below fair value)
Industry Position: 183% above the Consumer Packaged Goods median (#339 of 1978)
No single metric tells the full story. See the ROCO:1264 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tehmag Foods Corp is engaged in Baking, cooking and steaming food manufacturing industry; Flour milling industry; Food additive manufacturing industry; Noodle and vermicelli food manufacturing industry and Food and beverage retail industry. Its marketing channels include bakery shops, hotels, restaurants. The company offers baked goods, dairy products, all kinds of packaging materials and instruments of baking mixes.
78GF Score
Get the complete analysis for ROCO:1264
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