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Meiji Holdings CoTSE:2269 +0.84%71 ROC (Joel Greenblatt) % is 1.50% as of Mar. 2026, which is 91% below its 10-year median of 17.05. GuruFocus rates TSE:2269 with a GF Score™ of 71/100 and a GF Value™ of 円3,765.89 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,982 Consumer Packaged Goods companies, Meiji Holdings Co ranks worse than 57.06% 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. Meiji Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.50%.
The historical rank and industry rank for Meiji Holdings Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:2269'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 9.5 Med: 17.05 Max: 21.17
Current: 9.5
During the past 13 years, Meiji Holdings Co's highest ROC (Joel Greenblatt) % was 21.17%. The lowest was 9.50%. And the median was 17.05%.
TSE:2269's ROC (Joel Greenblatt) % is ranked worse than 57.06% of 1982
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs TSE:2269: 9.50
Meiji Holdings Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -12.10% per year.
Meiji Holdings Co (TSE:2269) 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.
Meiji Holdings Co ROC (Joel Greenblatt) % Related Terms
Meiji Holdings Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Meiji Holdings 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.
TSE:2269 vs KHC, GIS: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Meiji Holdings 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.
Meiji Holdings Co ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Meiji Holdings Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Meiji Holdings Co's ROC (Joel Greenblatt) % falls into.
Meiji Holdings 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 1.50% mean?
Meiji Holdings Co (TSE:2269) has a ROC (Joel Greenblatt) % of 1.50% 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 Meiji Holdings Co and its competitors. This is 91% below median its historical median of 17.05. Over the past decade, Meiji Holdings Co's ROC (Joel Greenblatt) % has ranged from 9.50 to 21.17. According to the industry distribution chart, Meiji Holdings Co ranks #1131 out of 1982 companies in the Consumer Packaged Goods industry, placing it in the top 57.1%.
Is Meiji Holdings Co's ROC (Joel Greenblatt) % too high?
Meiji Holdings Co's current ROC (Joel Greenblatt) % of 1.50% is 91% below median its 10-year median of 17.05. Over the past 10 years, this metric has ranged from a low of 9.50 to a high of 21.17. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Meiji Holdings Co's value of 1.50% is 87.5% below this industry median. Based on the distribution chart, Meiji Holdings Co ranks #1131 out of 1982 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Meiji Holdings Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Meiji Holdings Co's ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Meiji Holdings Co ranks #1131 out of 1982 companies for ROC (Joel Greenblatt) %. This places Meiji Holdings Co in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Meiji Holdings Co's value of 1.50% is 87.5% below this benchmark. Historically, Meiji Holdings Co's own ROC (Joel Greenblatt) % has ranged from 9.50 to 21.17 over the past decade. While the company's 10-year median is 17.05 vs. the industry median of 11.99, Meiji Holdings Co 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 1,982 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. Meiji Holdings Co's current ROC (Joel Greenblatt) % of 1.50% is 87.5% 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 Meiji Holdings Co 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. Meiji Holdings Co's current ROC (Joel Greenblatt) % is 1.50%, which is 91% below median its own 10-year median of 17.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiji Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Meiji Holdings Co (TSE:2269) is currently considered Fairly Valued. The stock's GF Value™ is 円3,765.89, compared to a current price of 円3,743.00 — trading 0.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 1.50%, which is 91% below median its 10-year median of 17.05 and 87.5% below the Consumer Packaged Goods industry median of 11.99. Meiji Holdings Co's overall GF Score™ is 71/100 with 9 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 Meiji Holdings Co (TSE:2269), the current ROC (Joel Greenblatt) % is 1.50% 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 Meiji Holdings Co (TSE:2269) Overvalued in 2026?
Based on GuruFocus' analysis, Meiji Holdings Co stock appears to be undervalued.
The current stock price of 円3,743.00 is trading 0.6% below its estimated GF Value™ of 円3,765.89.
GuruFocus considers Meiji Holdings Co to be Fairly Valued.
Key valuation signals for TSE:2269:
ROC (Joel Greenblatt) %: 1.50% (91% below median its 10-year median of 17.05)
GF Value™: 円3,765.89 vs. price of 円3,743.00 (0.6% below fair value)
Industry Position: 87.5% below the Consumer Packaged Goods median (#1131 of 1982)
No single metric tells the full story. See the TSE:2269 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiji Holdings was established in 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. A surge in commodity prices, Japan's aging and shrinking population, and fierce competition propelled the amalgamation. The food business—dairy, cacao, nutrition, and food solutions—represents about 80% of the group's sales and 70% of profits. The rest comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Overseas food operations, mainly in China, the US, and Southeast Asia, constitute merely 6.5% of the group's sales, which are in the red due to a surge in investment in China's new factories and fierce price competition initiated by Chinese dairymakers.
71GF Score
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