ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Navigator Global Investments's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 0.00%.
As of today (2026-06-26), Navigator Global Investments's WACC % is 8.96%. Navigator Global Investments's ROC % is 2.37% (calculated using TTM income statement data).
Navigator Global Investments earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Navigator Global Investments (ASX:NGI) 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, Navigator Global Investments's WACC % is 8.96%. Navigator Global Investments's ROC % is 2.37% (calculated using TTM income statement data).
Navigator Global Investments earns returns that do not match up to its cost of capital. It will destroy value as it grows.
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.
Navigator Global Investments ROC % Related Terms
Navigator Global Investments ROC % Historical 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.
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.
Navigator Global Investments (ASX:NGI) has a ROC % of 0.00% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Navigator Global Investments and its competitors.
Is Navigator Global Investments' ROC % too high?
Navigator Global Investments' current ROC % is 0.00%. Overall, Navigator Global Investments has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Navigator Global Investments' ROC % compare to BLK and BX?
Navigator Global Investments' ROC % of 0.00% can be compared against companies in the Asset Management industry. The industry median ROC % is 1.21. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for an Asset Management company?
The median ROC % among Asset Management companies is 1.21, based on 709 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. 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 Navigator Global Investments and its competitors. For the Asset Management industry, the median ROC % is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Navigator Global Investments's current ROC % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Navigator Global Investments stock overvalued right now?
Based on GuruFocus' analysis, Navigator Global Investments (ASX:NGI) is currently considered Modestly Overvalued. The stock's GF Value™ is A$2.00, compared to a current price of A$2.53 — trading 26.5% above its estimated fair value. The current ROC % is 0.00%. Navigator Global Investments' overall GF Score™ is 82/100 with 5 warning signs 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 Navigator Global Investments (ASX:NGI), the current ROC % is 0.00% 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 Navigator Global Investments (ASX:NGI) Overvalued in 2026?
Based on GuruFocus' analysis, Navigator Global Investments stock appears to be overvalued.
The current stock price of A$2.53 is trading 26.5% above its estimated GF Value™ of A$2.00.
GuruFocus considers Navigator Global Investments to be Modestly Overvalued.
Key valuation signals for ASX:NGI:
ROC %: 0.00%
GF Value™: A$2.00 vs. price of A$2.53 (26.5% above fair value)
No single metric tells the full story. See the ASX:NGI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Navigator Global Investments Ltd is a holding company. It invests in a range of diversified alternative asset management companies. The group's reportable operating segment includes Lighthouse and NGI Strategic. The company generates maximum revenue from the Lighthouse segment, which operates as an international absolute return funds manager for investment vehicles. The NGI Strategic segment partners with alternative investment management firms and holds several strategic investments on a minority basis. Including the NGI Strategic Portfolio, Marble Capital, Invictus Capital Partners and 1315 Capital investments. Geographically, the group generates revenue from contracts with its customers in the United States of America, Cayman Islands, the United Kingdom, and Australia.
82GF Score
Get the complete analysis for ASX:NGI
ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:NGI has been successfully added to your 
