ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Grand Harbour Marina's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 5.32%.
As of today (2026-06-25), Grand Harbour Marina's WACC % is 9.55%. Grand Harbour Marina's ROC % is 5.35% (calculated using TTM income statement data).
Grand Harbour Marina earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Grand Harbour Marina (MAL:GHM) 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, Grand Harbour Marina's WACC % is 9.55%. Grand Harbour Marina's ROC % is 5.35% (calculated using TTM income statement data).
Grand Harbour Marina 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 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.
Grand Harbour Marina (MAL:GHM) has a ROC % of 5.32% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Grand Harbour Marina and its competitors.
Is Grand Harbour Marina's ROC % too high?
Grand Harbour Marina's current ROC % is 5.32%. The Travel & Leisure industry median ROC % is 3.74. Grand Harbour Marina's value of 5.32% is 42.2% above this industry median. Overall, Grand Harbour Marina has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grand Harbour Marina's ROC % compare to AS and HAS?
Grand Harbour Marina's ROC % of 5.32% can be compared against companies in the Travel & Leisure industry. The industry median ROC % is 3.74. Grand Harbour Marina's value of 5.32% is 42.2% 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 Travel & Leisure company?
The median ROC % among Travel & Leisure companies is 3.74, based on 833 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. Grand Harbour Marina's current ROC % of 5.32% is 42.2% 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 Grand Harbour Marina and its competitors. For the Travel & Leisure industry, the median ROC % is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grand Harbour Marina's current ROC % is 5.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Harbour Marina stock overvalued right now?
Based on GuruFocus' analysis, Grand Harbour Marina (MAL:GHM) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.80, compared to a current price of €0.95 — trading 18.8% above its estimated fair value. The current ROC % is 5.32% and 42.2% above the Travel & Leisure industry median of 3.74. Grand Harbour Marina's overall GF Score™ is 52/100 with 8 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 Grand Harbour Marina (MAL:GHM), the current ROC % is 5.32% 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 Grand Harbour Marina (MAL:GHM) Overvalued in 2026?
Based on GuruFocus' analysis, Grand Harbour Marina stock appears to be overvalued.
The current stock price of €0.95 is trading 18.8% above its estimated GF Value™ of €0.80.
GuruFocus considers Grand Harbour Marina to be Modestly Overvalued.
Key valuation signals for MAL:GHM:
ROC %: 5.32%
GF Value™: €0.80 vs. price of €0.95 (18.8% above fair value)
Industry Position: 42.2% above the Travel & Leisure median
No single metric tells the full story. See the MAL:GHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grand Harbour Marina PLC is a Malta-based marina company. The principal business activities of the company and its joint venture are acquiring, developing, operating, and managing marinas. The group has two reportable segments, Grand Harbour Marina and IC Cesme Marina. The business operates in each of these two operating segments in the ownership and operation of marina facilities providing berthing and ancillary services for yachts and super-yachts. It generates maximum revenue from the Grand Harbour Marina segment.
52GF Score
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