Toyota MotorTOYOF -0.64%80 ROC (Joel Greenblatt) % is 14.67% as of Mar. 2026, which is 29% below its 10-year median of 20.79. GuruFocus rates TOYOF with a GF Score™ of 80/100 and a GF Value™ of $21.03 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,336 Vehicles & Parts companies, Toyota Motor ranks better than 73.35% 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. Toyota Motor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.67%.
The historical rank and industry rank for Toyota Motor's ROC (Joel Greenblatt) % or its related term are showing as below:
TOYOF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 15.86 Med: 20.79 Max: 36.96
Current: 21.57
During the past 13 years, Toyota Motor's highest ROC (Joel Greenblatt) % was 36.96%. The lowest was 15.86%. And the median was 20.79%.
TOYOF's ROC (Joel Greenblatt) % is ranked better than 73.35% of 1336
companies
in the Vehicles & Parts industry
Industry Median: 11.97
vs TOYOF: 21.57
Toyota Motor's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 4.30% per year.
Toyota Motor (OTCPK:TOYOF) 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.
Toyota Motor ROC (Joel Greenblatt) % Related Terms
Toyota Motor ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Toyota 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.
TOYOF vs TSLA, GM, F: ROC (Joel Greenblatt) % Comparison
For the Auto Manufacturers subindustry, Toyota 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.
Toyota Motor ROC (Joel Greenblatt) % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Motor's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Toyota 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 14.67% mean?
Toyota Motor (TOYOF) has a ROC (Joel Greenblatt) % of 14.67% 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 Toyota Motor and its competitors. This is 29% below median its historical median of 20.79. Over the past decade, Toyota Motor's ROC (Joel Greenblatt) % has ranged from 15.86 to 36.96. According to the industry distribution chart, Toyota Motor ranks #356 out of 1336 companies in the Vehicles & Parts industry, placing it in the top 26.6%.
Is Toyota Motor's ROC (Joel Greenblatt) % too high?
Toyota Motor's current ROC (Joel Greenblatt) % of 14.67% is 29% below median its 10-year median of 20.79. Over the past 10 years, this metric has ranged from a low of 15.86 to a high of 36.96. The Vehicles & Parts industry median ROC (Joel Greenblatt) % is 11.97. Toyota Motor's value of 14.67% is 22.6% above this industry median. Based on the distribution chart, Toyota Motor ranks #356 out of 1336 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Toyota Motor has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Toyota Motor's ROC (Joel Greenblatt) % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Toyota Motor ranks #356 out of 1336 companies for ROC (Joel Greenblatt) %. This puts Toyota Motor in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.97. Toyota Motor's value of 14.67% is 22.6% above this benchmark. Historically, Toyota Motor's own ROC (Joel Greenblatt) % has ranged from 15.86 to 36.96 over the past decade. While the company's 10-year median is 20.79 vs. the industry median of 11.97, Toyota 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. Toyota Motor's current ROC (Joel Greenblatt) % of 14.67% is 22.6% 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 Toyota 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. Toyota Motor's current ROC (Joel Greenblatt) % is 14.67%, which is 29% below median its own 10-year median of 20.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyota Motor stock overvalued right now?
Based on GuruFocus' analysis, Toyota Motor (TOYOF) is currently considered Modestly Undervalued. The stock's GF Value™ is $21.03, compared to a current price of $17.20 — trading 18.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 14.67%, which is 29% below median its 10-year median of 20.79 and 22.6% above the Vehicles & Parts industry median of 11.97. Toyota Motor's overall GF Score™ is 80/100 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 Toyota Motor (TOYOF), the current ROC (Joel Greenblatt) % is 14.67% 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 Toyota Motor (TOYOF) Overvalued in 2026?
Based on GuruFocus' analysis, Toyota Motor stock appears to be undervalued.
The current stock price of $17.20 is trading 18.2% below its estimated GF Value™ of $21.03.
GuruFocus considers Toyota Motor to be Modestly Undervalued.
Key valuation signals for TOYOF:
ROC (Joel Greenblatt) %: 14.67% (29% below median its 10-year median of 20.79)
GF Value™: $21.03 vs. price of $17.20 (18.2% below fair value)
Industry Position: 22.6% above the Vehicles & Parts median (#356 of 1336)
No single metric tells the full story. See the TOYOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1937, Toyota is one of the world's largest automakers, with 11.3 million units sold at retail in fiscal 2026, including 10.5 million across the Toyota and Lexus brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 50% excluding mini-vehicles, while US share is around 14%. The firm also owns stakes in Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2026 sales excluding financial services were JPY 46.1 trillion. Toyota also has a financing arm and manufactures homes and boats.
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