Delica Foods Holdings Co (TSE:3392) ROC (Joel Greenblatt) %: 12.34% (As of Mar. 2026) — 97% Above Median

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TSE:3392 Delica Foods Holdings Co Ltd TSE:3392
69 GF Score
Price 円821.00
GF Value 円711.72
Valuation Modestly Overvalued
View Full Analysis

What is Delica Foods Holdings Co ROC (Joel Greenblatt) %?

Delica Foods Holdings Co TSE:3392 -3.41% 69 ROC (Joel Greenblatt) % is 12.34% as of Mar. 2026, which is 97% above its 10-year median of 6.26. GuruFocus rates TSE:3392 with a GF Score™ of 69/100 and a GF Value™ of 円711.72 (Modestly Overvalued). Among 1,981 Consumer Packaged Goods companies, Delica Foods Holdings Co ranks better than 57.04% 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. Delica Foods Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.34%.

The historical rank and industry rank for Delica Foods Holdings Co's ROC (Joel Greenblatt) % or its related term are showing as below:

TSE:3392' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.89   Med: 6.26   Max: 14.7
Current: 14.7

During the past 13 years, Delica Foods Holdings Co's highest ROC (Joel Greenblatt) % was 14.70%. The lowest was -6.89%. And the median was 6.26%.

TSE:3392's ROC (Joel Greenblatt) % is ranked better than
57.04% of 1981 companies
in the Consumer Packaged Goods industry
Industry Median: 11.99 vs TSE:3392: 14.70

Delica Foods Holdings Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Delica Foods Holdings Co  (TSE:3392) 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.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Delica Foods Holdings Co ROC (Joel Greenblatt) % Related Terms


Delica Foods Holdings Co ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Delica Foods 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.

Delica Foods Holdings Co ROC (Joel Greenblatt) % Chart

Delica Foods Holdings Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.36 5.93 8.64 5.70 14.52

Delica Foods Holdings Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.46 -0.58 12.92 17.23 12.34

TSE:3392 vs KHC, GIS: ROC (Joel Greenblatt) % Comparison

For the Packaged Foods subindustry, Delica Foods 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.


Delica Foods Holdings Co ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Delica Foods Holdings Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Delica Foods Holdings Co's ROC (Joel Greenblatt) % falls into.


TSE:3392
69GF Score
Delica Foods Holdings Co Ltd TSE:3392
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Delica Foods 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:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

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.

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5837.405 + 573.946 + 273.705) - (5713.239 + 0 + 585.454)
=386.363

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6190.504 + 556.405 + 314.939) - (6705.615 + 0 + 409.189)
=-52.956

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Delica Foods Holdings Co for the quarter that ended in Mar. 2026 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1879.984/( ( (14570.59 + max(386.363, 0)) + (15517.126 + max(-52.956, 0)) )/ 2 )
=1879.984/( ( 14956.953 + 15517.126 )/ 2 )
=1879.984/15237.0395
=12.34 %

Note: The EBIT data used here is two times the semi-annual (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 12.34% mean?
Delica Foods Holdings Co (TSE:3392) has a ROC (Joel Greenblatt) % of 12.34% 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 Delica Foods Holdings Co and its competitors. This is 97% above median its historical median of 6.26. According to the industry distribution chart, Delica Foods Holdings Co ranks #851 out of 1981 companies in the Consumer Packaged Goods industry, placing it in the top 43%.
Is Delica Foods Holdings Co's ROC (Joel Greenblatt) % too high?
Delica Foods Holdings Co's current ROC (Joel Greenblatt) % of 12.34% is 97% above median its 10-year median of 6.26. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Delica Foods Holdings Co's value of 12.34% is 2.9% above this industry median. Based on the distribution chart, Delica Foods Holdings Co ranks #851 out of 1981 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Delica Foods Holdings Co has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delica Foods Holdings Co's ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Delica Foods Holdings Co ranks #851 out of 1981 companies for ROC (Joel Greenblatt) %. This puts Delica Foods Holdings Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 11.99. Delica Foods Holdings Co's value of 12.34% is 2.9% above this benchmark. While the company's 10-year median is 6.26 vs. the industry median of 11.99, Delica Foods Holdings 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 11.99, based on 1,981 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. Delica Foods Holdings Co's current ROC (Joel Greenblatt) % of 12.34% is 2.9% 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 Delica Foods 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. Delica Foods Holdings Co's current ROC (Joel Greenblatt) % is 12.34%, which is 97% above median its own 10-year median of 6.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delica Foods Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Delica Foods Holdings Co (TSE:3392) is currently considered Modestly Overvalued. The stock's GF Value™ is 円711.72, compared to a current price of 円821.00 — trading 15.4% above its estimated fair value. The current ROC (Joel Greenblatt) % is 12.34%, which is 97% above median its 10-year median of 6.26 and 2.9% above the Consumer Packaged Goods industry median of 11.99. Delica Foods Holdings Co's overall GF Score™ is 69/100. 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 Delica Foods Holdings Co (TSE:3392), the current ROC (Joel Greenblatt) % is 12.34% 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 Delica Foods Holdings Co (TSE:3392) Overvalued in 2026?

Based on GuruFocus' analysis, Delica Foods Holdings Co stock appears to be overvalued. The current stock price of 円821.00 is trading 15.4% above its estimated GF Value™ of 円711.72. GuruFocus considers Delica Foods Holdings Co to be Modestly Overvalued.

Key valuation signals for TSE:3392:

  • ROC (Joel Greenblatt) %: 12.34% (97% above median its 10-year median of 6.26)
  • GF Value™: 円711.72 vs. price of 円821.00 (15.4% above fair value)
  • GF Score™: 69/100
  • Industry Position: 2.9% above the Consumer Packaged Goods median (#851 of 1981)

No single metric tells the full story. See the TSE:3392 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Delica Foods Holdings Co Business Description

Address 12-12 Rokucho 4-chome, Adachi-ku, Tokyo, JPN
Delica Foods Holdings Co Ltd is mainly involved in the fruit and vegetable business, which involves the sale of whole vegetables to the restaurant industry, its activities in the ready-meal industry, and the manufacture and sale of cut vegetables and meal kits. In addition, the company is engaged in the logistics business, and research and development activities in the fruits and vegetables industry. The company along with its subsidiaries operates in the following reportable segments; Fruit and vegetable business which derives maximum revenue, Logistics business, Research and development and analysis business, and the Holding company.
69GF Score

Get the complete analysis for TSE:3392

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円821.00
Price
円711.72
GF Value