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ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. National Investments Co KSC's annualized return on capital (ROC %) for the quarter that ended in Jun. 2026 was 18.99%.
As of today (2026-08-10), National Investments Co KSC's WACC % is 8.85%. National Investments Co KSC's ROC % is 5.82% (calculated using TTM income statement data).
National Investments Co KSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.
National Investments Co KSC (KUW:NINV) 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, National Investments Co KSC's WACC % is 8.85%. National Investments Co KSC's ROC % is 5.82% (calculated using TTM income statement data).
National Investments Co KSC 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.
* 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 (Jun. 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.
National Investments Co KSC (KUW:NINV) has a ROC % of 18.99% as of Jun. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on National Investments Co KSC and its competitors.
Is National Investments Co KSC's ROC % too high?
National Investments Co KSC's current ROC % is 18.99%. The Asset Management industry median ROC % is 1.23. National Investments Co KSC's value of 18.99% is 1450.2% above this industry median. Overall, National Investments Co KSC has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National Investments Co KSC's ROC % compare to BLK and BX?
National Investments Co KSC's ROC % of 18.99% can be compared against companies in the Asset Management industry. The industry median ROC % is 1.23. National Investments Co KSC's value of 18.99% is 1450.2% 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 an Asset Management company?
The median ROC % among Asset Management companies is 1.23, based on 718 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. National Investments Co KSC's current ROC % of 18.99% is 1450.2% 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 National Investments Co KSC and its competitors. For the Asset Management industry, the median ROC % is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Investments Co KSC's current ROC % is 18.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Investments Co KSC stock overvalued right now?
Based on GuruFocus' analysis, National Investments Co KSC (KUW:NINV) is currently considered Modestly Undervalued. The stock's GF Value™ is KWD0.32, compared to a current price of KWD0.27 — trading 16.9% below its estimated fair value. The current ROC % is 18.99% and 1450.2% above the Asset Management industry median of 1.23. National Investments Co KSC's overall GF Score™ is 53/100 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 National Investments Co KSC (KUW:NINV), the current ROC % is 18.99% as of Jun. 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 National Investments Co KSC (KUW:NINV) Overvalued in 2026?
Based on GuruFocus' analysis, National Investments Co KSC stock appears to be undervalued.
The current stock price of KWD0.27 is trading 16.9% below its estimated GF Value™ of KWD0.32.
GuruFocus considers National Investments Co KSC to be Modestly Undervalued.
Key valuation signals for KUW:NINV:
ROC %: 18.99%
GF Value™: KWD0.32 vs. price of KWD0.27 (16.9% below fair value)
Industry Position: 1450.2% above the Asset Management median
No single metric tells the full story. See the KUW:NINV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Investments Co KSC is an investment company providing financial and investment services. It operates in four business segments: Investment segment represents trading in equities including investment in associates and other strategic investments; the Treasury segment represents liquidity management and trading in foreign currencies; Real estate segment represents buying, selling, and investing in real estate; Asset management, advisory, and brokerage segment represent managing discretionary and non-discretionary investment portfolios, managing investment funds, brokerage services, and providing advisory and other related financial services. The company generates its revenue from Kuwait, GCC & Arab and Other Countries.
53GF Score
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