Base Food (TSE:2936) 3-Year ROIIC % : 151.00% (As of Feb. 2026) — 335% Above Median

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TSE:2936 Base Food Inc TSE:2936
61 GF Score
Price 円258.00
GF Value 円453.73
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Base Food 3-Year ROIIC %?

Base Food TSE:2936 +0.78% 61 3-Year ROIIC % is 151.00 as of Feb. 2026, which is 335% above its 10-year median of 34.69. GuruFocus rates TSE:2936 with a GF Score™ of 61/100 and a GF Value™ of 円453.73 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,831 Consumer Packaged Goods companies, Base Food ranks better than 94.92% on this metric.

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. Base Food's 3-Year ROIIC % for the quarter that ended in Feb. 2026 was 151.00%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Base Food's 3-Year ROIIC % or its related term are showing as below:

TSE:2936's 3-Year ROIIC % is ranked better than
94.92% of 1831 companies
in the Consumer Packaged Goods industry
Industry Median: 2.62 vs TSE:2936: 151.00

Base Food  (TSE:2936) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Base Food 3-Year ROIIC % Related Terms


Base Food 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Base Food's 3-Year ROIIC % 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 3-Year ROIIC % Chart

Base Food Annual Data
Trend Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
3-Year ROIIC %
Get a 7-Day Free Trial 0.00 0.00 -45.53 34.69 151.00

Base Food Semi-Annual Data
Feb21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only -45.53 0.00 34.69 0.00 151.00

TSE:2936 vs KHC, GIS: 3-Year ROIIC % Comparison

For the Packaged Foods subindustry, Base Food's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.


Base Food 3-Year ROIIC % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Base Food's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Base Food's 3-Year ROIIC % falls into.


TSE:2936
61GF Score
Base Food Inc TSE:2936
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Base Food 3-Year ROIIC % Calculation

Base Food's 3-Year ROIIC % for the quarter that ended in Feb. 2026 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 213.2443887 (Feb. 2026) - -970.986 (Feb. 2023) )/( 2011.134 (Feb. 2026) - 1226.891 (Feb. 2023) )
=1184.2303887/784.243
=151.00%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 151.00 mean?
Base Food (TSE:2936) has a 3-Year ROIIC % of 151.00 as of Feb. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Base Food and its competitors. This is 335% above median its historical median of 34.69. According to the industry distribution chart, Base Food ranks #93 out of 1831 companies in the Consumer Packaged Goods industry, placing it in the top 5.1%.
Is Base Food's 3-Year ROIIC % too high?
Base Food's current 3-Year ROIIC % of 151.00 is 335% above median its 10-year median of 34.69. The Consumer Packaged Goods industry median 3-Year ROIIC % is 2.62. Base Food's value of 151.00 is 5663.4% above this industry median. Based on the distribution chart, Base Food ranks #93 out of 1831 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. 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 3-Year ROIIC % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Base Food ranks #93 out of 1831 companies for 3-Year ROIIC %. This places Base Food in the top 5% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.62. Base Food's value of 151.00 is 5663.4% above this benchmark. While the company's 10-year median is 34.69 vs. the industry median of 2.62, Base Food 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 3-Year ROIIC % for a Consumer Packaged Goods company?
The median 3-Year ROIIC % among Consumer Packaged Goods companies is 2.62, based on 1,831 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Base Food's current 3-Year ROIIC % of 151.00 is 5663.4% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Base Food and its competitors. For the Consumer Packaged Goods industry, the median 3-Year ROIIC % is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Base Food's current 3-Year ROIIC % is 151.00, which is 335% above median its own 10-year median of 34.69. 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453.73, compared to a current price of 円258.00 — trading 43.1% below its estimated fair value. The current 3-Year ROIIC % is 151.00, which is 335% above median its 10-year median of 34.69 and 5663.4% above the Consumer Packaged Goods industry median of 2.62. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Base Food (TSE:2936), the current 3-Year ROIIC % is 151.00 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258.00 is trading 43.1% below its estimated GF Value™ of 円453.73. GuruFocus considers Base Food to be Significantly Undervalued.

Key valuation signals for TSE:2936:

  • 3-Year ROIIC %: 151.00 (335% above median its 10-year median of 34.69)
  • GF Value™: 円453.73 vs. price of 円258.00 (43.1% below fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 5663.4% above the Consumer Packaged Goods median (#93 of 1831)

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

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

円258.00
Price
円453.73
GF Value