ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Malta International Airport's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 14.95%.
As of today (2026-06-24), Malta International Airport's WACC % is 9.95%. Malta International Airport's ROC % is 14.80% (calculated using TTM income statement data).
Malta International Airport 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.
Malta International Airport (MAL:MIA) 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, Malta International Airport's WACC % is 9.95%. Malta International Airport's ROC % is 14.80% (calculated using TTM income statement data).
Malta International Airport 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.
* 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.
Malta International Airport (MAL:MIA) has a ROC % of 14.95% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Malta International Airport and its competitors.
Is Malta International Airport's ROC % too high?
Malta International Airport's current ROC % is 14.95%. The Transportation industry median ROC % is 4.69. Malta International Airport's value of 14.95% is 218.8% above this industry median. Overall, Malta International Airport has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Malta International Airport's ROC % compare to JOBY and CAAP?
Malta International Airport's ROC % of 14.95% can be compared against companies in the Transportation industry. The industry median ROC % is 4.69. Malta International Airport's value of 14.95% is 218.8% 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 Transportation company?
The median ROC % among Transportation companies is 4.69, based on 994 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. Malta International Airport's current ROC % of 14.95% is 218.8% 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 Malta International Airport and its competitors. For the Transportation industry, the median ROC % is 4.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Malta International Airport's current ROC % is 14.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malta International Airport stock overvalued right now?
Based on GuruFocus' analysis, Malta International Airport (MAL:MIA) is currently considered Modestly Undervalued. The stock's GF Value™ is €8.01, compared to a current price of €6.10 — trading 23.8% below its estimated fair value. The current ROC % is 14.95% and 218.8% above the Transportation industry median of 4.69. Malta International Airport's overall GF Score™ is 100/100 with 1 warning sign 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 Malta International Airport (MAL:MIA), the current ROC % is 14.95% 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 Malta International Airport (MAL:MIA) Overvalued in 2026?
Based on GuruFocus' analysis, Malta International Airport stock appears to be undervalued.
The current stock price of €6.10 is trading 23.8% below its estimated GF Value™ of €8.01.
GuruFocus considers Malta International Airport to be Modestly Undervalued.
Key valuation signals for MAL:MIA:
ROC %: 14.95%
GF Value™: €8.01 vs. price of €6.10 (23.8% below fair value)
Industry Position: 218.8% above the Transportation median
No single metric tells the full story. See the MAL:MIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Malta International Airport PLC develops, operates, and manages Malta International Airport. Its segments include the Airport Segment, which provides services such as revenue from airport-regulated fees, aviation concessions, and persons with reduced mobility and their associated costs. This segment also includes the operations and maintenance of the terminal, runways, taxiways and aircraft parks. The Retail and Property Segment includes the operations of the various retail outlets within the airport perimeter, advertising sites and rental of offices, warehouses and income from the running of the VIP lounges. Income and costs from Airport Parking Limited, Sky Parks Business Centre Limited and Sky Parks Development Limited are also allocated within the Retail and Property Segment.
100GF Score
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