ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. DeFi Technologies's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 13.33%.
As of today (2026-06-26), DeFi Technologies's WACC % is 28.98%. DeFi Technologies's ROC % is 21.92% (calculated using TTM income statement data).
DeFi Technologies earns returns that do not match up to its cost of capital. It will destroy value as it grows.
DeFi Technologies (FRA:R9B) 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, DeFi Technologies's WACC % is 28.98%. DeFi Technologies's ROC % is 21.92% (calculated using TTM income statement data).
DeFi Technologies 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.
DeFi Technologies ROC % Related Terms
DeFi Technologies ROC % Historical Data
* Premium members only.
The historical data trend for DeFi Technologies'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.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) 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.
DeFi Technologies (FRA:R9B) has a ROC % of 13.33% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on DeFi Technologies and its competitors.
Is DeFi Technologies' ROC % too high?
DeFi Technologies' current ROC % is 13.33%. The Capital Markets industry median ROC % is 1.23. DeFi Technologies' value of 13.33% is 988.2% above this industry median. Overall, DeFi Technologies has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DeFi Technologies' ROC % compare to MS and GS?
DeFi Technologies' ROC % of 13.33% can be compared against companies in the Capital Markets industry. The industry median ROC % is 1.23. DeFi Technologies' value of 13.33% is 988.2% 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 Capital Markets company?
The median ROC % among Capital Markets companies is 1.23, based on 694 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. DeFi Technologies's current ROC % of 13.33% is 988.2% 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 DeFi Technologies and its competitors. For the Capital Markets industry, the median ROC % is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DeFi Technologies's current ROC % is 13.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DeFi Technologies stock overvalued right now?
Based on GuruFocus' analysis, DeFi Technologies (FRA:R9B) is currently considered Fairly Valued. The stock's GF Value™ is €0.40, compared to a current price of €0.42 — trading 5.3% above its estimated fair value. The current ROC % is 13.33% and 988.2% above the Capital Markets industry median of 1.23. DeFi Technologies' overall GF Score™ is 49/100 with 9 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 DeFi Technologies (FRA:R9B), the current ROC % is 13.33% as of Mar. 2026. 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 DeFi Technologies (FRA:R9B) Overvalued in 2026?
Based on GuruFocus' analysis, DeFi Technologies stock appears to be overvalued.
The current stock price of €0.42 is trading 5.3% above its estimated GF Value™ of €0.40.
GuruFocus considers DeFi Technologies to be Fairly Valued.
Key valuation signals for FRA:R9B:
ROC %: 13.33%
GF Value™: €0.40 vs. price of €0.42 (5.3% above fair value)
Industry Position: 988.2% above the Capital Markets median
No single metric tells the full story. See the FRA:R9B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DeFi Technologies Inc is a Canadian technology company bridging the gap between traditional capital markets and decentralized finance. The Company generates revenues through the issuance of exchange-traded products that synthetically track the value of a single DeFi protocol, investments in various companies and protocols across the decentralized finance ecosystem to build a diversified portfolio of decentralized finance assets, providing premium membership for research reports to investors and offering node management of decentralized protocols to support governance, security and transaction validation.
49GF Score
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ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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