ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Alpha Real Estate Services's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 90.75%.
As of today (2026-06-26), Alpha Real Estate Services's WACC % is 7.89%. Alpha Real Estate Services's ROC % is 63.80% (calculated using TTM income statement data).
Alpha Real Estate Services 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.
Alpha Real Estate Services (ATH:ASTAK) 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, Alpha Real Estate Services's WACC % is 7.89%. Alpha Real Estate Services's ROC % is 63.80% (calculated using TTM income statement data).
Alpha Real Estate Services 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.
Alpha Real Estate Services (ATH:ASTAK) has a ROC % of 90.75% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Alpha Real Estate Services and its competitors.
Is Alpha Real Estate Services' ROC % too high?
Alpha Real Estate Services' current ROC % is 90.75%. The Real Estate industry median ROC % is 2.19. Alpha Real Estate Services' value of 90.75% is 4043.8% above this industry median. Overall, Alpha Real Estate Services has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alpha Real Estate Services' ROC % compare to CBRE and BEKE?
Alpha Real Estate Services' ROC % of 90.75% can be compared against companies in the Real Estate industry. The industry median ROC % is 2.19. Alpha Real Estate Services' value of 90.75% is 4043.8% 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 Real Estate company?
The median ROC % among Real Estate companies is 2.19, based on 1,757 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. Alpha Real Estate Services's current ROC % of 90.75% is 4043.8% 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 Alpha Real Estate Services and its competitors. For the Real Estate industry, the median ROC % is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alpha Real Estate Services's current ROC % is 90.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpha Real Estate Services stock overvalued right now?
Based on GuruFocus' analysis, Alpha Real Estate Services (ATH:ASTAK) is currently considered Significantly Undervalued. The stock's GF Value™ is €12.38, compared to a current price of €7.50 — trading 39.4% below its estimated fair value. The current ROC % is 90.75% and 4043.8% above the Real Estate industry median of 2.19. Alpha Real Estate Services' overall GF Score™ is 72/100 with 3 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 Alpha Real Estate Services (ATH:ASTAK), the current ROC % is 90.75% 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 Alpha Real Estate Services (ATH:ASTAK) Overvalued in 2026?
Based on GuruFocus' analysis, Alpha Real Estate Services stock appears to be undervalued.
The current stock price of €7.50 is trading 39.4% below its estimated GF Value™ of €12.38.
GuruFocus considers Alpha Real Estate Services to be Significantly Undervalued.
Key valuation signals for ATH:ASTAK:
ROC %: 90.75%
GF Value™: €12.38 vs. price of €7.50 (39.4% below fair value)
Industry Position: 4043.8% above the Real Estate median
No single metric tells the full story. See the ATH:ASTAK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alpha Real Estate Services SA is engaged in the management and exploitation of properties owned by it or third parties, the provision of technical advice on related matters, the provision of real estate and brokerage services, the preparation of studies of all kinds, the provision of general advice on the above matters, the carrying out of assessments and valuations of assets and mechanical equipment and in general assessments on behalf of third parties on related matters.
72GF Score
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