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Toyo Suisan KaishaTSUKF 91 ROC (Joel Greenblatt) % is 35.15% as of Mar. 2026, which is 68% above its 10-year median of 20.97. GuruFocus rates TSUKF with a GF Score™ of 91/100 and a GF Value™ of $74.64 (Modestly Undervalued). Among 1,978 Consumer Packaged Goods companies, Toyo Suisan Kaisha ranks better than 85.54% 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. Toyo Suisan Kaisha's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 35.15%.
The historical rank and industry rank for Toyo Suisan Kaisha's ROC (Joel Greenblatt) % or its related term are showing as below:
TSUKF'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.93 Med: 20.97 Max: 40.07
Current: 39.06
During the past 13 years, Toyo Suisan Kaisha's highest ROC (Joel Greenblatt) % was 40.07%. The lowest was 14.93%. And the median was 20.97%.
TSUKF's ROC (Joel Greenblatt) % is ranked better than 85.54% of 1978
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs TSUKF: 39.06
Toyo Suisan Kaisha's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 18.60% per year.
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.
Toyo Suisan Kaisha ROC (Joel Greenblatt) % Related Terms
Toyo Suisan Kaisha ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Toyo Suisan Kaisha'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.
TSUKF vs KHC, GIS: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Toyo Suisan Kaisha'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.
Toyo Suisan Kaisha ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Toyo Suisan Kaisha's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Toyo Suisan Kaisha'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 (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 35.15% mean?
Toyo Suisan Kaisha (TSUKF) has a ROC (Joel Greenblatt) % of 35.15% 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 Toyo Suisan Kaisha and its competitors. This is 68% above median its historical median of 20.97. Over the past decade, Toyo Suisan Kaisha's ROC (Joel Greenblatt) % has ranged from 14.93 to 40.07. According to the industry distribution chart, Toyo Suisan Kaisha ranks #286 out of 1978 companies in the Consumer Packaged Goods industry, placing it in the top 14.5%.
Is Toyo Suisan Kaisha's ROC (Joel Greenblatt) % too high?
Toyo Suisan Kaisha's current ROC (Joel Greenblatt) % of 35.15% is 68% above median its 10-year median of 20.97. Over the past 10 years, this metric has ranged from a low of 14.93 to a high of 40.07. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Toyo Suisan Kaisha's value of 35.15% is 193.2% above this industry median. Based on the distribution chart, Toyo Suisan Kaisha ranks #286 out of 1978 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Toyo Suisan Kaisha has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Toyo Suisan Kaisha's ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Toyo Suisan Kaisha ranks #286 out of 1978 companies for ROC (Joel Greenblatt) %. This places Toyo Suisan Kaisha in the top 15% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Toyo Suisan Kaisha's value of 35.15% is 193.2% above this benchmark. Historically, Toyo Suisan Kaisha's own ROC (Joel Greenblatt) % has ranged from 14.93 to 40.07 over the past decade. While the company's 10-year median is 20.97 vs. the industry median of 11.99, Toyo Suisan Kaisha 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 1,978 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. Toyo Suisan Kaisha's current ROC (Joel Greenblatt) % of 35.15% is 193.2% 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 Toyo Suisan Kaisha 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. Toyo Suisan Kaisha's current ROC (Joel Greenblatt) % is 35.15%, which is 68% above median its own 10-year median of 20.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyo Suisan Kaisha stock overvalued right now?
Based on GuruFocus' analysis, Toyo Suisan Kaisha (TSUKF) is currently considered Modestly Undervalued. The stock's GF Value™ is $74.64, compared to a current price of $64.12 — trading 14.1% below its estimated fair value. The current ROC (Joel Greenblatt) % is 35.15%, which is 68% above median its 10-year median of 20.97 and 193.2% above the Consumer Packaged Goods industry median of 11.99. Toyo Suisan Kaisha's overall GF Score™ is 91/100. 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 Toyo Suisan Kaisha (TSUKF), the current ROC (Joel Greenblatt) % is 35.15% 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 Toyo Suisan Kaisha (TSUKF) Overvalued in 2026?
Based on GuruFocus' analysis, Toyo Suisan Kaisha stock appears to be undervalued.
The current stock price of $64.12 is trading 14.1% below its estimated GF Value™ of $74.64.
GuruFocus considers Toyo Suisan Kaisha to be Modestly Undervalued.
Key valuation signals for TSUKF:
ROC (Joel Greenblatt) %: 35.15% (68% above median its 10-year median of 20.97)
GF Value™: $74.64 vs. price of $64.12 (14.1% below fair value)
Industry Position: 193.2% above the Consumer Packaged Goods median (#286 of 1978)
No single metric tells the full story. See the TSUKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toyo Suisan is one of Japan's leading packaged food companies, best known for its Maruchan brand instant noodles. The company also produces and sells fresh and frozen foods, particularly seafood, with sales of its packaged and processed foods channeled to both commercial and retail customers. As of September 2025, around 55% of revenue originates in Japan. Sales in the US and Mexico are significant drivers of its ex-Japan revenue.
91GF Score
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