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.
Maxvalu Tokai CoTSE:8198 +1.44%65 ROC (Joel Greenblatt) % is 24.81% as of Feb. 2026, which is 44% above its 10-year median of 17.18. GuruFocus rates TSE:8198 with a GF Score™ of 65/100 and a GF Value™ of 円3,318.79 (Fairly Valued). The stock has 3 warning signs investors should review. Among 312 Retail - Defensive companies, Maxvalu Tokai Co ranks better than 62.18% 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. Maxvalu Tokai Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 24.81%.
The historical rank and industry rank for Maxvalu Tokai Co's ROC (Joel Greenblatt) % or its related term are showing as below:
TSE:8198'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.66 Med: 17.18 Max: 22.79
Current: 17.91
During the past 13 years, Maxvalu Tokai Co's highest ROC (Joel Greenblatt) % was 22.79%. The lowest was 11.66%. And the median was 17.18%.
TSE:8198's ROC (Joel Greenblatt) % is ranked better than 62.18% of 312
companies
in the Retail - Defensive industry
Industry Median: 13.56
vs TSE:8198: 17.91
Maxvalu Tokai Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 5.10% per year.
Maxvalu Tokai Co (TSE:8198) 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.
Maxvalu Tokai Co ROC (Joel Greenblatt) % Related Terms
Maxvalu Tokai Co ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Maxvalu Tokai 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:8198 vs KR: ROC (Joel Greenblatt) % Comparison
For the Grocery Stores subindustry, Maxvalu Tokai 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.
Maxvalu Tokai Co ROC (Joel Greenblatt) % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Maxvalu Tokai Co's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Maxvalu Tokai Co's ROC (Joel Greenblatt) % falls into.
Maxvalu Tokai 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 (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 24.81% mean?
Maxvalu Tokai Co (TSE:8198) has a ROC (Joel Greenblatt) % of 24.81% 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 Maxvalu Tokai Co and its competitors. This is 44% above median its historical median of 17.18. Over the past decade, Maxvalu Tokai Co's ROC (Joel Greenblatt) % has ranged from 11.66 to 22.79. According to the industry distribution chart, Maxvalu Tokai Co ranks #118 out of 312 companies in the Retail - Defensive industry, placing it in the top 37.8%.
Is Maxvalu Tokai Co's ROC (Joel Greenblatt) % too high?
Maxvalu Tokai Co's current ROC (Joel Greenblatt) % of 24.81% is 44% above median its 10-year median of 17.18. Over the past 10 years, this metric has ranged from a low of 11.66 to a high of 22.79. The Retail - Defensive industry median ROC (Joel Greenblatt) % is 13.56. Maxvalu Tokai Co's value of 24.81% is 83% above this industry median. Based on the distribution chart, Maxvalu Tokai Co ranks #118 out of 312 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Maxvalu Tokai Co has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maxvalu Tokai Co's ROC (Joel Greenblatt) % compare to KR?
According to the Retail - Defensive industry distribution chart, Maxvalu Tokai Co ranks #118 out of 312 companies for ROC (Joel Greenblatt) %. This puts Maxvalu Tokai Co in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 13.56. Maxvalu Tokai Co's value of 24.81% is 83% above this benchmark. Historically, Maxvalu Tokai Co's own ROC (Joel Greenblatt) % has ranged from 11.66 to 22.79 over the past decade. While the company's 10-year median is 17.18 vs. the industry median of 13.56, Maxvalu Tokai 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 Retail - Defensive company?
The median ROC (Joel Greenblatt) % among Retail - Defensive companies is 13.56, based on 312 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. Maxvalu Tokai Co's current ROC (Joel Greenblatt) % of 24.81% is 83% 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 Maxvalu Tokai Co and its competitors. For the Retail - Defensive industry, the median ROC (Joel Greenblatt) % is 13.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maxvalu Tokai Co's current ROC (Joel Greenblatt) % is 24.81%, which is 44% above median its own 10-year median of 17.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maxvalu Tokai Co stock overvalued right now?
Based on GuruFocus' analysis, Maxvalu Tokai Co (TSE:8198) is currently considered Fairly Valued. The stock's GF Value™ is 円3,318.79, compared to a current price of 円3,170.00 — trading 4.5% below its estimated fair value. The current ROC (Joel Greenblatt) % is 24.81%, which is 44% above median its 10-year median of 17.18 and 83% above the Retail - Defensive industry median of 13.56. Maxvalu Tokai Co's overall GF Score™ is 65/100 with 3 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 Maxvalu Tokai Co (TSE:8198), the current ROC (Joel Greenblatt) % is 24.81% 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 Maxvalu Tokai Co (TSE:8198) Overvalued in 2026?
Based on GuruFocus' analysis, Maxvalu Tokai Co stock appears to be undervalued.
The current stock price of 円3,170.00 is trading 4.5% below its estimated GF Value™ of 円3,318.79.
GuruFocus considers Maxvalu Tokai Co to be Fairly Valued.
Key valuation signals for TSE:8198:
ROC (Joel Greenblatt) %: 24.81% (44% above median its 10-year median of 17.18)
GF Value™: 円3,318.79 vs. price of 円3,170.00 (4.5% below fair value)
Industry Position: 83% above the Retail - Defensive median (#118 of 312)
No single metric tells the full story. See the TSE:8198 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maxvalu Tokai Co Ltd is a Japan-based retail store company. It manages a chain of supermarkets centering food items such as fresh fruits and vegetables, fresh fish, side dishes among others. Services provided by the company include an online supermarket, home delivery service, resting place, pharmaceutical stores, discount service, among others. Maxvalu Tokai has stores located throughout Japan.
65GF Score
Get the complete analysis for TSE:8198
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:8198 has been successfully added to your 
