Phase Holographic Imaging PHI AB (FRA:L5W) ROC %: -81.94% (As of Oct. 2025)

What is Phase Holographic Imaging PHI AB ROC %?

Phase Holographic Imaging PHI AB FRA:L5W ROC % is -81.94% as of Oct. 2025. The stock has 5 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 %. Phase Holographic Imaging PHI AB's annualized return on capital (ROC %) for the quarter that ended in Oct. 2025 was -81.94%.

As of today (2026-06-29), Phase Holographic Imaging PHI AB's WACC % is 13.69%. Phase Holographic Imaging PHI AB's ROC % is -54.88% (calculated using TTM income statement data). Phase Holographic Imaging PHI AB earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Phase Holographic Imaging PHI AB (FRA:L5W) 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, Phase Holographic Imaging PHI AB's WACC % is 13.69%. Phase Holographic Imaging PHI AB's ROC % is -54.88% (calculated using TTM income statement data). Phase Holographic Imaging PHI AB 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.

Phase Holographic Imaging PHI AB ROC % Related Terms

Phase Holographic Imaging PHI AB ROC % Historical Data

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The historical data trend for Phase Holographic Imaging PHI AB'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.

Phase Holographic Imaging PHI AB ROC % Chart

Phase Holographic Imaging PHI AB Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Apr25

ROC %

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-108.44

-52.39

-47.27

-54.35

-41.40

Phase Holographic Imaging PHI AB Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25
ROC %	Get a 7-Day Free Trial															-25.48	-11.57	-53.53	-91.35	-81.94

Phase Holographic Imaging PHI AB ROC % Calculation

Phase Holographic Imaging PHI AB's annualized Return on Capital (ROC %) for the fiscal year that ended in Apr. 2025 is calculated as:

	ROC % (A: Apr. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Apr. 2024 )	+	Invested Capital (A: Apr. 2025 ))	/ count )
=	-1.362 * ( 1 - 0% )	/	( (2.933	+	3.646)	/ 2 )
=	-1.362	/	3.2895
=	-41.40 %

where

	Invested Capital		(A: Apr. 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	))
=	2.844	-	0.097	-	( 0.014	-	max(0, 0.727	-	0.541	+	0.014	))
=	2.933

	Invested Capital		(A: Apr. 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	))
=	5.089	-	0.127	-	( 1.316	-	max(0, 0.472	-	2.216	+	1.316	))
=	3.646

Phase Holographic Imaging PHI AB's annualized Return on Capital (ROC %) for the quarter that ended in Oct. 2025 is calculated as:

	ROC % (Q: Oct. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jul. 2025 )	+	Invested Capital (Q: Oct. 2025 ))	/ count )
=	-2.604 * ( 1 - 0% )	/	( (3.194	+	3.162)	/ 2 )
=	-2.604	/	3.178
=	-81.94 %

where

	Invested Capital		(Q: Jul. 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	))
=	4	-	0	-	( 0.953	-	max(0, 0.426	-	1.232	+	0.953	))
=	3.194

	Invested Capital		(Q: Oct. 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	))
=	3.364	-	0	-	( 0.202	-	max(0, 0.382	-	0.602	+	0.202	))
=	3.162

Note: The Operating Income data used here is four times the quarterly (Oct. 2025) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -81.94% mean?

Phase Holographic Imaging PHI AB (FRA:L5W) has a ROC % of -81.94% as of Oct. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Phase Holographic Imaging PHI AB and its competitors.

Is Phase Holographic Imaging PHI AB's ROC % too high?

Phase Holographic Imaging PHI AB's current ROC % is -81.94%.

How does Phase Holographic Imaging PHI AB's ROC % compare to ABT and BSX?

Phase Holographic Imaging PHI AB's ROC % of -81.94% can be compared against companies in the Medical Devices & Instruments industry. The industry median ROC % is 1.25. 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 Medical Devices & Instruments company?

The median ROC % among Medical Devices & Instruments companies is 1.25, based on 847 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 Phase Holographic Imaging PHI AB and its competitors. For the Medical Devices & Instruments industry, the median ROC % is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phase Holographic Imaging PHI AB's current ROC % is -81.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Phase Holographic Imaging PHI AB stock overvalued right now?

Phase Holographic Imaging PHI AB (FRA:L5W) has a current ROC % of -81.94%. The stock's GF Value™ is €0.23, compared to a current price of €0.04 — trading 81% below its estimated fair value. The current ROC % is -81.94%. 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 Phase Holographic Imaging PHI AB (FRA:L5W), the current ROC % is -81.94% as of Oct. 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.

Phase Holographic Imaging PHI AB Business Description

Industry Healthcare Medical Devices & Instruments

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Address Skiffervagen 48, Lund, SWE, 224 78

Website https://www.phiab.com

Phase Holographic Imaging PHI AB is a medical device company that develops and markets non-invasive time-lapse imaging instruments used for the quantitative long-term analysis of living cell cultures. The company's commercial HoloMonitor products are based on Quantitative Phase Imaging (QPI) technology, which is used for real-time cell quality evaluation. Geographically, it has presence in Lund, Sweden, with offices in Boston, MA and Winston-Salem, NC.