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S FoodsTSE:2292 -0.29%70 ROC (Joel Greenblatt) % is 11.79% as of Feb. 2026, which is 34% below its 10-year median of 17.96. GuruFocus rates TSE:2292 with a GF Score™ of 70/100 and a GF Value™ of 円3,185.27 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,979 Consumer Packaged Goods companies, S Foods ranks worse than 50.73% 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. S Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 11.79%.
The historical rank and industry rank for S Foods's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:2292'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.65 Med: 17.96 Max: 23.55
Current: 11.82
During the past 13 years, S Foods's highest ROC (Joel Greenblatt) % was 23.55%. The lowest was 5.65%. And the median was 17.96%.
TSE:2292's ROC (Joel Greenblatt) % is ranked worse than 50.73% of 1979
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs TSE:2292: 11.82
S Foods's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -17.40% per year.
S Foods (TSE:2292) 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.
The historical data trend for S 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.
TSE:2292 vs ADM, BG, TSN: ROC (Joel Greenblatt) % Comparison
For the Farm Products subindustry, S 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.
S Foods ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, S Foods's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where S 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 11.79% mean?
S Foods (TSE:2292) has a ROC (Joel Greenblatt) % of 11.79% 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 S Foods and its competitors. This is 34% below median its historical median of 17.96. Over the past decade, S Foods' ROC (Joel Greenblatt) % has ranged from 5.65 to 23.55. According to the industry distribution chart, S Foods ranks #1004 out of 1979 companies in the Consumer Packaged Goods industry, placing it in the top 50.7%.
Is S Foods' ROC (Joel Greenblatt) % too high?
S Foods' current ROC (Joel Greenblatt) % of 11.79% is 34% below median its 10-year median of 17.96. Over the past 10 years, this metric has ranged from a low of 5.65 to a high of 23.55. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. S Foods' value of 11.79% is 1.7% below this industry median. Based on the distribution chart, S Foods ranks #1004 out of 1979 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, S Foods has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does S Foods' ROC (Joel Greenblatt) % compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, S Foods ranks #1004 out of 1979 companies for ROC (Joel Greenblatt) %. This places S Foods in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. S Foods' value of 11.79% is 1.7% below this benchmark. Historically, S Foods' own ROC (Joel Greenblatt) % has ranged from 5.65 to 23.55 over the past decade. While the company's 10-year median is 17.96 vs. the industry median of 11.99, S 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 1,979 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. S Foods's current ROC (Joel Greenblatt) % of 11.79% is 1.7% 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 S 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. S Foods's current ROC (Joel Greenblatt) % is 11.79%, which is 34% below median its own 10-year median of 17.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S Foods stock overvalued right now?
Based on GuruFocus' analysis, S Foods (TSE:2292) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,185.27, compared to a current price of 円2,753.00 — trading 13.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 11.79%, which is 34% below median its 10-year median of 17.96 and 1.7% below the Consumer Packaged Goods industry median of 11.99. S Foods' overall GF Score™ is 70/100 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 S Foods (TSE:2292), the current ROC (Joel Greenblatt) % is 11.79% 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 S Foods (TSE:2292) Overvalued in 2026?
Based on GuruFocus' analysis, S Foods stock appears to be undervalued.
The current stock price of 円2,753.00 is trading 13.6% below its estimated GF Value™ of 円3,185.27.
GuruFocus considers S Foods to be Modestly Undervalued.
Key valuation signals for TSE:2292:
ROC (Joel Greenblatt) %: 11.79% (34% below median its 10-year median of 17.96)
GF Value™: 円3,185.27 vs. price of 円2,753.00 (13.6% below fair value)
Industry Position: 1.7% below the Consumer Packaged Goods median (#1004 of 1979)
No single metric tells the full story. See the TSE:2292 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
S Foods Inc is a Japan-based company that makes and sells meat products. Operations are broken up into three business segments. The Wholesale and Manufacturing segment is engaged in the manufacturing and sale of processed meat, cooked food, prepared food, sauces and seasonings, as well as the sale of meat. The Retail segment is engaged in the retail of meat and the operation of restaurants. The Others segment sells health food and leases real estate properties. S Foods also sells water, leases real estate, and operates refrigerated warehouses.
70GF Score
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