ViVeTech Zrt (BUD:VVT) ROC %: 44.93% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BUD:VVT ViVeTech Zrt BUD:VVT
91 GF Score
Price Ft300.00
GF Value Ft542.08
Valuation Possible Value Trap
! 4 Warning Signs
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What is ViVeTech Zrt ROC %?

ViVeTech Zrt BUD:VVT 91 ROC % is 44.93% as of Dec. 2025. GuruFocus rates BUD:VVT with a GF Score™ of 91/100 and a GF Value™ of Ft542.08 (Possible Value Trap). The stock has 4 warning signs investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. ViVeTech Zrt's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 44.93%.

As of today (2026-09-21), ViVeTech Zrt's WACC % is 10.89%. ViVeTech Zrt's ROC % is 46.11% (calculated using TTM income statement data). ViVeTech Zrt 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.


ViVeTech Zrt  (BUD:VVT) 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, ViVeTech Zrt's WACC % is 10.89%. ViVeTech Zrt's ROC % is 46.11% (calculated using TTM income statement data). ViVeTech Zrt 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.


ViVeTech Zrt ROC % Related Terms


ViVeTech Zrt ROC % Historical Data

* Premium members only.

The historical data trend for ViVeTech Zrt's ROC % 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.

ViVeTech Zrt ROC % Chart

ViVeTech Zrt Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC %
Get a 7-Day Free Trial 11.78 -4.29 10.78 18.98 46.69

ViVeTech Zrt Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.21 11.72 6.37 0.00 44.93
BUD:VVT
91GF Score
ViVeTech Zrt BUD:VVT
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
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ViVeTech Zrt ROC % Calculation

ViVeTech Zrt's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=551.078 * ( 1 - 6.78% )/( (1087.327 + 1113.337)/ 2 )
=513.7149116/1100.332
=46.69 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1260.253 - 146.305 - ( 26.621 - max(0, 380.74 - 435.823+26.621))
=1087.327

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1477.944 - 194.903 - ( 169.704 - max(0, 464.359 - 917.588+169.704))
=1113.337

ViVeTech Zrt's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=524.8 * ( 1 - 3.46% )/( (1141.903 + 1113.337)/ 2 )
=506.64192/1127.62
=44.93 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1382.878 - 149.969 - ( 91.006 - max(0, 466.498 - 577.094+91.006))
=1141.903

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1477.944 - 194.903 - ( 169.704 - max(0, 464.359 - 917.588+169.704))
=1113.337

Note: The Operating Income data used here is one times the 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 44.93% mean?
ViVeTech Zrt (BUD:VVT) has a ROC % of 44.93% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on ViVeTech Zrt and its competitors.
Is ViVeTech Zrt's ROC % too high?
ViVeTech Zrt's current ROC % is 44.93%. The Software industry median ROC % is 3.19. ViVeTech Zrt's value of 44.93% is 1308.5% above this industry median. Overall, ViVeTech Zrt has a GF Score™ of 91/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ViVeTech Zrt's ROC % compare to CRM and SHOP?
ViVeTech Zrt's ROC % of 44.93% can be compared against companies in the Software industry. The industry median ROC % is 3.19. ViVeTech Zrt's value of 44.93% is 1308.5% 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 Software company?
The median ROC % among Software companies is 3.19, based on 2,834 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. ViVeTech Zrt's current ROC % of 44.93% is 1308.5% 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 ViVeTech Zrt and its competitors. For the Software industry, the median ROC % is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ViVeTech Zrt's current ROC % is 44.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ViVeTech Zrt stock overvalued right now?
Based on GuruFocus' analysis, ViVeTech Zrt (BUD:VVT) is currently considered Possible Value Trap. The stock's GF Value™ is Ft542.08, compared to a current price of Ft300.00 — trading 44.7% below its estimated fair value. The current ROC % is 44.93% and 1308.5% above the Software industry median of 3.19. ViVeTech Zrt's overall GF Score™ is 91/100 with 4 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 ViVeTech Zrt (BUD:VVT), the current ROC % is 44.93% 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 ViVeTech Zrt (BUD:VVT) Overvalued in 2026?

Based on GuruFocus' analysis, ViVeTech Zrt stock appears to be undervalued. The current stock price of Ft300.00 is trading 44.7% below its estimated GF Value™ of Ft542.08. GuruFocus considers ViVeTech Zrt to be Possible Value Trap.

Key valuation signals for BUD:VVT:

  • ROC %: 44.93%
  • GF Value™: Ft542.08 vs. price of Ft300.00 (44.7% below fair value)
  • GF Score™: 91/100 with 4 warning signs
  • Industry Position: 1308.5% above the Software median

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


ViVeTech Zrt Business Description

Address Szuret street 15, Budapest, HUN, H-1118
ViVeTech Zrt is a Hungarian-owned IT consulting and development company. It is an application platform that, owing to its high level of automation and integration, implements the complete and efficient operation of the information security management system (ISMS) in a single system. Its services include IT security and project management.
91GF Score

Get the complete analysis for BUD:VVT

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

Ft300.00
Price
Ft542.08
GF Value