Base Food (TSE:2936) ROCE %: 49.06% (As of Feb. 2026)


TSE:2936 Base Food Inc TSE:2936
61 GF Score
Price 円278.00
GF Value 円451.87
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Base Food ROCE %?

Base Food TSE:2936 +1.09% 61 ROCE % is 49.06% as of Feb. 2026. GuruFocus rates TSE:2936 with a GF Score™ of 61/100 and a GF Value™ of 円451.87 (Significantly Undervalued). The stock has 5 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Base Food's annualized ROCE % for the quarter that ended in Feb. 2026 was 49.06%.

Base Food  (TSE:2936) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Base Food ROCE % Related Terms

Base Food ROCE % Historical Data

* Premium members only.

The historical data trend for Base Food's ROCE % 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.

Base Food ROCE % Chart

Base Food Annual Data
Trend Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
ROCE %
Get a 7-Day Free Trial -109.80 -85.31 -70.07 13.14 20.32

Base Food Semi-Annual Data
Feb21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only -124.87 -116.35 119.39 -7.25 49.06
TSE:2936
61GF Score
Base Food Inc TSE:2936
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Base Food ROCE % Calculation

Base Food's annualized ROCE % for the fiscal year that ended in Feb. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Feb. 2026 )  (A: Feb. 2025 )(A: Feb. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Feb. 2026 )  (A: Feb. 2025 )(A: Feb. 2026 )
=283.473/( ( (3851.309 - 2538.115) + (4013.585 - 2537.333) )/ 2 )
=283.473/( (1313.194+1476.252)/ 2 )
=283.473/1394.723
=20.32 %

Base Food's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Feb. 2026 )  (Q: Aug. 2025 )(Q: Feb. 2026 )
=658.386/( ( (3849.651 - 2641.742) + (4013.585 - 2537.333) )/ 2 )
=658.386/( ( 1207.909 + 1476.252 )/ 2 )
=658.386/1342.0805
=49.06 %

(1) Note: The EBIT data used here is two times the semi-annual (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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 49.06% mean?
Base Food (TSE:2936) has a ROCE % of 49.06% as of Feb. 2026.
Is Base Food's ROCE % too high?
Base Food's current ROCE % is 49.06%. The Consumer Packaged Goods industry median ROCE % is 8.74. Base Food's value of 49.06% is 461.3% above this industry median. Overall, Base Food has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Base Food's ROCE % compare to KHC and GIS?
Base Food's ROCE % of 49.06% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROCE % is 8.74. Base Food's value of 49.06% is 461.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Consumer Packaged Goods company?
The median ROCE % among Consumer Packaged Goods companies is 8.74, based on 1,937 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Base Food's current ROCE % of 49.06% is 461.3% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Consumer Packaged Goods industry, the median ROCE % is 8.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Base Food's current ROCE % is 49.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Base Food stock overvalued right now?
Based on GuruFocus' analysis, Base Food (TSE:2936) is currently considered Significantly Undervalued. The stock's GF Value™ is 円451.87, compared to a current price of 円278.00 — trading 38.5% below its estimated fair value. The current ROCE % is 49.06% and 461.3% above the Consumer Packaged Goods industry median of 8.74. Base Food's overall GF Score™ is 61/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Base Food (TSE:2936), the current ROCE % is 49.06% 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 Base Food (TSE:2936) Overvalued in 2026?

Based on GuruFocus' analysis, Base Food stock appears to be undervalued. The current stock price of 円278.00 is trading 38.5% below its estimated GF Value™ of 円451.87. GuruFocus considers Base Food to be Significantly Undervalued.

Key valuation signals for TSE:2936:

  • ROCE %: 49.06%
  • GF Value™: 円451.87 vs. price of 円278.00 (38.5% below fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 461.3% above the Consumer Packaged Goods median

No single metric tells the full story. See the TSE:2936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Base Food Business Description

Address 5-25-2 Nakameguro, Meguro-ku, Tokyo, JPN, 153-0061
Base Food Inc is engaged in the development and sale of complete nutrition food. The company offers base bread, base pasta and base cookies related products.
61GF Score

Get the complete analysis for TSE:2936

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円278.00
Price
円451.87
GF Value