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ITO ENTSE:25935 -0.72%76 ROC (Joel Greenblatt) % is 14.13% as of Apr. 2026, which is 22% below its 10-year median of 18.22. GuruFocus rates TSE:25935 with a GF Score™ of 76/100 and a GF Value™ of 円2,137.34 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 116 Beverages - Non-Alcoholic companies, ITO EN ranks worse than 77.59% 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. ITO EN's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 14.13%.
The historical rank and industry rank for ITO EN's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:25935'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.52 Med: 18.22 Max: 21.12
Current: 5.52
During the past 13 years, ITO EN's highest ROC (Joel Greenblatt) % was 21.12%. The lowest was 5.52%. And the median was 18.22%.
TSE:25935's ROC (Joel Greenblatt) % is ranked worse than 77.59% of 116
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 21.03
vs TSE:25935: 5.52
ITO EN's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -8.00% per year.
ITO EN (TSE:25935) 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 ITO EN'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:25935 vs KO, PEP, MNST: ROC (Joel Greenblatt) % Comparison
For the Beverages - Non-Alcoholic subindustry, ITO EN'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.
ITO EN ROC (Joel Greenblatt) % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, ITO EN's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ITO EN'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 (Apr. 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 14.13% mean?
ITO EN (TSE:25935) has a ROC (Joel Greenblatt) % of 14.13% as of Apr. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on ITO EN and its competitors. This is 22% below median its historical median of 18.22. Over the past decade, ITO EN's ROC (Joel Greenblatt) % has ranged from 5.52 to 21.12. According to the industry distribution chart, ITO EN ranks #90 out of 116 companies in the Beverages - Non-Alcoholic industry, placing it in the top 77.6%.
Is ITO EN's ROC (Joel Greenblatt) % too high?
ITO EN's current ROC (Joel Greenblatt) % of 14.13% is 22% below median its 10-year median of 18.22. Over the past 10 years, this metric has ranged from a low of 5.52 to a high of 21.12. The Beverages - Non-Alcoholic industry median ROC (Joel Greenblatt) % is 21.03. ITO EN's value of 14.13% is 32.8% below this industry median. Based on the distribution chart, ITO EN ranks #90 out of 116 companies in the Beverages - Non-Alcoholic industry, which is in the bottom quartile relative to peers. Overall, ITO EN has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ITO EN's ROC (Joel Greenblatt) % compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, ITO EN ranks #90 out of 116 companies for ROC (Joel Greenblatt) %. This places ITO EN in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 21.03. ITO EN's value of 14.13% is 32.8% below this benchmark. Historically, ITO EN's own ROC (Joel Greenblatt) % has ranged from 5.52 to 21.12 over the past decade. While the company's 10-year median is 18.22 vs. the industry median of 21.03, ITO EN 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 Beverages - Non-Alcoholic company?
The median ROC (Joel Greenblatt) % among Beverages - Non-Alcoholic companies is 21.03, based on 116 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. ITO EN's current ROC (Joel Greenblatt) % of 14.13% is 32.8% 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 ITO EN and its competitors. For the Beverages - Non-Alcoholic industry, the median ROC (Joel Greenblatt) % is 21.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITO EN's current ROC (Joel Greenblatt) % is 14.13%, which is 22% below median its own 10-year median of 18.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITO EN stock overvalued right now?
Based on GuruFocus' analysis, ITO EN (TSE:25935) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,137.34, compared to a current price of 円1,788.00 — trading 16.3% below its estimated fair value. The current ROC (Joel Greenblatt) % is 14.13%, which is 22% below median its 10-year median of 18.22 and 32.8% below the Beverages - Non-Alcoholic industry median of 21.03. ITO EN's overall GF Score™ is 76/100 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 ITO EN (TSE:25935), the current ROC (Joel Greenblatt) % is 14.13% as of Apr. 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 ITO EN (TSE:25935) Overvalued in 2026?
Based on GuruFocus' analysis, ITO EN stock appears to be undervalued.
The current stock price of 円1,788.00 is trading 16.3% below its estimated GF Value™ of 円2,137.34.
GuruFocus considers ITO EN to be Modestly Undervalued.
Key valuation signals for TSE:25935:
ROC (Joel Greenblatt) %: 14.13% (22% below median its 10-year median of 18.22)
GF Value™: 円2,137.34 vs. price of 円1,788.00 (16.3% below fair value)
Industry Position: 32.8% below the Beverages - Non-Alcoholic median (#90 of 116)
No single metric tells the full story. See the TSE:25935 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ITO EN Ltd makes beverages and other tea and nutritional products that it sells in Japan. Ito En primarily sells green tea products, including ready-to-drink beverages, tea bags, and other tea leaf products, under its Oi Ocha brand. Other beverages the company sells include black tea, Chinese tea, coffee, vegetable beverages, fruit beverages, mineral water, and functional beverages. The Leaf- and Drink-Related business segment makes up roughly 90% of the company's total revenue. Most remaining revenue is generated from Ito En's restaurant business, which operates hundreds of Tully's coffee shops in Japan.
76GF Score
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