ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Bisalloy Steel Group's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 14.18%.
As of today (2026-06-26), Bisalloy Steel Group's WACC % is 5.65%. Bisalloy Steel Group's ROC % is 16.45% (calculated using TTM income statement data).
Bisalloy Steel Group generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Bisalloy Steel Group (ASX:BIS) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Bisalloy Steel Group's WACC % is 5.65%. Bisalloy Steel Group's ROC % is 16.45% (calculated using TTM income statement data).
Bisalloy Steel Group generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
* 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.
Note:
The Operating Income data used here is two times the semi-annual (Dec. 2025) data.
The tax rate is limited to between 0% and 100%.
* 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.
Bisalloy Steel Group (ASX:BIS) has a ROC % of 14.18% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Bisalloy Steel Group and its competitors.
Is Bisalloy Steel Group's ROC % too high?
Bisalloy Steel Group's current ROC % is 14.18%. The Steel industry median ROC % is 2.61. Bisalloy Steel Group's value of 14.18% is 443.3% above this industry median. Overall, Bisalloy Steel Group has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bisalloy Steel Group's ROC % compare to NUE and STLD?
Bisalloy Steel Group's ROC % of 14.18% can be compared against companies in the Steel industry. The industry median ROC % is 2.61. Bisalloy Steel Group's value of 14.18% is 443.3% 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 ROC % for a Steel company?
The median ROC % among Steel companies is 2.61, based on 625 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bisalloy Steel Group's current ROC % of 14.18% is 443.3% 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 ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Bisalloy Steel Group and its competitors. For the Steel industry, the median ROC % is 2.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bisalloy Steel Group's current ROC % is 14.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bisalloy Steel Group stock overvalued right now?
Based on GuruFocus' analysis, Bisalloy Steel Group (ASX:BIS) is currently considered Modestly Overvalued. The stock's GF Value™ is A$3.47, compared to a current price of A$4.46 — trading 28.5% above its estimated fair value. The current ROC % is 14.18% and 443.3% above the Steel industry median of 2.61. Bisalloy Steel Group's overall GF Score™ is 82/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Bisalloy Steel Group (ASX:BIS), the current ROC % is 14.18% as of Dec. 2025. 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 Bisalloy Steel Group (ASX:BIS) Overvalued in 2026?
Based on GuruFocus' analysis, Bisalloy Steel Group stock appears to be overvalued.
The current stock price of A$4.46 is trading 28.5% above its estimated GF Value™ of A$3.47.
GuruFocus considers Bisalloy Steel Group to be Modestly Overvalued.
Key valuation signals for ASX:BIS:
ROC %: 14.18%
GF Value™: A$3.47 vs. price of A$4.46 (28.5% above fair value)
No single metric tells the full story. See the ASX:BIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bisalloy Steel Group Ltd is engaged in the processing and sale of quenched and tempered high-tensile, and abrasion-resistant steel plates. The company is organized into geographical operating segments, being Australian Operations is engaged in the distribution of wear-grade and high tensile plates through distributors and directly to original equipment manufacturers in both Australia and Overseas. Its Overseas Operations engage in the distribution of the abrasion-resistant plate as well as other steel plate products. The Overseas Operations also focus on the marketing and distribution of quench and tempered steel plates. The majority of its revenue is derived from Australian Operations.
82GF Score
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