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Cal-Maine FoodsSTU:CM2 -0.71%84 ROC (Joel Greenblatt) % is 9.05% as of Feb. 2026, which is 53% below its 10-year median of 19.43. GuruFocus rates STU:CM2 with a GF Score™ of 84/100 and a GF Value™ of €57.80 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,978 Consumer Packaged Goods companies, Cal-Maine Foods ranks better than 92.21% 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. Cal-Maine Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 9.05%.
The historical rank and industry rank for Cal-Maine Foods's ROC (Joel Greenblatt) % or its related term are showing as below:
STU:CM2'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.53 Med: 19.43 Max: 139.39
Current: 63.89
During the past 13 years, Cal-Maine Foods's highest ROC (Joel Greenblatt) % was 139.39%. The lowest was -19.53%. And the median was 19.43%.
STU:CM2's ROC (Joel Greenblatt) % is ranked better than 92.21% of 1978
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs STU:CM2: 63.89
Cal-Maine Foods's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% 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.
Cal-Maine Foods ROC (Joel Greenblatt) % Related Terms
Cal-Maine Foods ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Cal-Maine 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.
STU:CM2 vs FDP, AGRO, DOLE: ROC (Joel Greenblatt) % Comparison
For the Farm Products subindustry, Cal-Maine 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.
Cal-Maine Foods ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Cal-Maine Foods's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cal-Maine 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 (Feb. 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 9.05% mean?
Cal-Maine Foods (STU:CM2) has a ROC (Joel Greenblatt) % of 9.05% as of Feb. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Cal-Maine Foods and its competitors. This is 53% below median its historical median of 19.43. According to the industry distribution chart, Cal-Maine Foods ranks #154 out of 1978 companies in the Consumer Packaged Goods industry, placing it in the top 7.8%.
Is Cal-Maine Foods' ROC (Joel Greenblatt) % too high?
Cal-Maine Foods' current ROC (Joel Greenblatt) % of 9.05% is 53% below median its 10-year median of 19.43. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Cal-Maine Foods' value of 9.05% is 24.5% below this industry median. Based on the distribution chart, Cal-Maine Foods ranks #154 out of 1978 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Cal-Maine Foods has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cal-Maine Foods' ROC (Joel Greenblatt) % compare to FDP and AGRO?
According to the Consumer Packaged Goods industry distribution chart, Cal-Maine Foods ranks #154 out of 1978 companies for ROC (Joel Greenblatt) %. This places Cal-Maine Foods in the top 8% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Cal-Maine Foods' value of 9.05% is 24.5% below this benchmark. While the company's 10-year median is 19.43 vs. the industry median of 11.99, Cal-Maine Foods has consistently been below 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 1,978 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. Cal-Maine Foods's current ROC (Joel Greenblatt) % of 9.05% is 24.5% below 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 Cal-Maine Foods 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. Cal-Maine Foods's current ROC (Joel Greenblatt) % is 9.05%, which is 53% below median its own 10-year median of 19.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cal-Maine Foods stock overvalued right now?
Based on GuruFocus' analysis, Cal-Maine Foods (STU:CM2) is currently considered Modestly Overvalued. The stock's GF Value™ is €57.80, compared to a current price of €72.60 — trading 25.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 9.05%, which is 53% below median its 10-year median of 19.43 and 24.5% below the Consumer Packaged Goods industry median of 11.99. Cal-Maine Foods' overall GF Score™ is 84/100 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 Cal-Maine Foods (STU:CM2), the current ROC (Joel Greenblatt) % is 9.05% as of Feb. 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 Cal-Maine Foods (STU:CM2) Overvalued in 2026?
Based on GuruFocus' analysis, Cal-Maine Foods stock appears to be overvalued.
The current stock price of €72.60 is trading 25.6% above its estimated GF Value™ of €57.80.
GuruFocus considers Cal-Maine Foods to be Modestly Overvalued.
Key valuation signals for STU:CM2:
ROC (Joel Greenblatt) %: 9.05% (53% below median its 10-year median of 19.43)
GF Value™: €57.80 vs. price of €72.60 (25.6% above fair value)
Industry Position: 24.5% below the Consumer Packaged Goods median (#154 of 1978)
No single metric tells the full story. See the STU:CM2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cal-Maine Foods Inc produces and sells shell eggs. Its main market is the United States. The company's product portfolio contains nutritionally enhanced, cage-free, organic, and brown eggs. Cal-Maine Foods markets the shell eggs to a diverse group of customers, including grocery-store chains, club stores, and food service distributors. The company's brands are Egg-Land's, Land O' Lakes, Farmhouse, and 4-Grain. The Company has one reportable operating segment, which is the production, grading, packaging, marketing and distribution of shell eggs.
84GF Score
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