Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Ensuiko Sugar Refining CoTSE:2112 +1.30%64 ROC (Joel Greenblatt) % is 24.14% as of Mar. 2026, which is 161% above its 10-year median of 9.25. GuruFocus rates TSE:2112 with a GF Score™ of 64/100 and a GF Value™ of 円327.49 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,980 Consumer Packaged Goods companies, Ensuiko Sugar Refining Co ranks better than 80.51% 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. Ensuiko Sugar Refining Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.14%.
The historical rank and industry rank for Ensuiko Sugar Refining Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:2112'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.06 Med: 9.25 Max: 32.49
Current: 32.08
During the past 13 years, Ensuiko Sugar Refining Co's highest ROC (Joel Greenblatt) % was 32.49%. The lowest was 6.06%. And the median was 9.25%.
TSE:2112's ROC (Joel Greenblatt) % is ranked better than 80.51% of 1980
companies
in the Consumer Packaged Goods industry
Industry Median: 12.17
vs TSE:2112: 32.08
Ensuiko Sugar Refining Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 36.70% per year.
Ensuiko Sugar Refining Co (TSE:2112) 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.
Ensuiko Sugar Refining Co ROC (Joel Greenblatt) % Related Terms
Ensuiko Sugar Refining Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Ensuiko Sugar Refining Co'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.
Ensuiko Sugar Refining Co ROC (Joel Greenblatt) % Chart
TSE:2112 vs MDLZ, HSY, TR: ROC (Joel Greenblatt) % Comparison
For the Confectioners subindustry, Ensuiko Sugar Refining Co'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.
Ensuiko Sugar Refining Co ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Ensuiko Sugar Refining Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ensuiko Sugar Refining Co's ROC (Joel Greenblatt) % falls into.
Ensuiko Sugar Refining Co 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 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 24.14% mean?
Ensuiko Sugar Refining Co (TSE:2112) has a ROC (Joel Greenblatt) % of 24.14% 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 Ensuiko Sugar Refining Co and its competitors. This is 161% above median its historical median of 9.25. Over the past decade, Ensuiko Sugar Refining Co's ROC (Joel Greenblatt) % has ranged from 6.06 to 32.49. According to the industry distribution chart, Ensuiko Sugar Refining Co ranks #386 out of 1980 companies in the Consumer Packaged Goods industry, placing it in the top 19.5%.
Is Ensuiko Sugar Refining Co's ROC (Joel Greenblatt) % too high?
Ensuiko Sugar Refining Co's current ROC (Joel Greenblatt) % of 24.14% is 161% above median its 10-year median of 9.25. Over the past 10 years, this metric has ranged from a low of 6.06 to a high of 32.49. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 12.17. Ensuiko Sugar Refining Co's value of 24.14% is 98.4% above this industry median. Based on the distribution chart, Ensuiko Sugar Refining Co ranks #386 out of 1980 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Ensuiko Sugar Refining Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ensuiko Sugar Refining Co's ROC (Joel Greenblatt) % compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Ensuiko Sugar Refining Co ranks #386 out of 1980 companies for ROC (Joel Greenblatt) %. This places Ensuiko Sugar Refining Co in the top 20% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 12.17. Ensuiko Sugar Refining Co's value of 24.14% is 98.4% above this benchmark. Historically, Ensuiko Sugar Refining Co's own ROC (Joel Greenblatt) % has ranged from 6.06 to 32.49 over the past decade. While the company's 10-year median is 9.25 vs. the industry median of 12.17, Ensuiko Sugar Refining Co 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 12.17, based on 1,980 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. Ensuiko Sugar Refining Co's current ROC (Joel Greenblatt) % of 24.14% is 98.4% 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 Ensuiko Sugar Refining Co and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 12.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ensuiko Sugar Refining Co's current ROC (Joel Greenblatt) % is 24.14%, which is 161% above median its own 10-year median of 9.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ensuiko Sugar Refining Co stock overvalued right now?
Based on GuruFocus' analysis, Ensuiko Sugar Refining Co (TSE:2112) is currently considered Significantly Overvalued. The stock's GF Value™ is 円327.49, compared to a current price of 円469.00 — trading 43.2% above its estimated fair value. The current ROC (Joel Greenblatt) % is 24.14%, which is 161% above median its 10-year median of 9.25 and 98.4% above the Consumer Packaged Goods industry median of 12.17. Ensuiko Sugar Refining Co's overall GF Score™ is 64/100 with 2 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 Ensuiko Sugar Refining Co (TSE:2112), the current ROC (Joel Greenblatt) % is 24.14% 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 Ensuiko Sugar Refining Co (TSE:2112) Overvalued in 2026?
Based on GuruFocus' analysis, Ensuiko Sugar Refining Co stock appears to be overvalued.
The current stock price of 円469.00 is trading 43.2% above its estimated GF Value™ of 円327.49.
GuruFocus considers Ensuiko Sugar Refining Co to be Significantly Overvalued.
Key valuation signals for TSE:2112:
ROC (Joel Greenblatt) %: 24.14% (161% above median its 10-year median of 9.25)
GF Value™: 円327.49 vs. price of 円469.00 (43.2% above fair value)
Industry Position: 98.4% above the Consumer Packaged Goods median (#386 of 1980)
No single metric tells the full story. See the TSE:2112 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ensuiko Sugar Refining Co Ltd operates in the confectionery industry. The company is engaged in the manufacturing and distribution of sugar. It offers a wide range of products ranging from home use to business use, including white sugar, stick sugar for coffee and tea, and gum syrup.
64GF Score
Get the complete analysis for TSE:2112
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:2112 has been successfully added to your 
