ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Havila Kystruten AS's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was -1.92%.
As of today (2026-06-25), Havila Kystruten AS's WACC % is 41.72%. Havila Kystruten AS's ROC % is 3.90% (calculated using TTM income statement data).
Havila Kystruten AS earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Havila Kystruten AS (OSL:HKY) 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, Havila Kystruten AS's WACC % is 41.72%. Havila Kystruten AS's ROC % is 3.90% (calculated using TTM income statement data).
Havila Kystruten AS 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.
Havila Kystruten AS ROC % Related Terms
Havila Kystruten AS ROC % Historical Data
* Premium members only.
The historical data trend for Havila Kystruten AS'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.
Havila Kystruten AS (OSL:HKY) has a ROC % of -1.92% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Havila Kystruten AS and its competitors.
Is Havila Kystruten AS's ROC % too high?
Havila Kystruten AS's current ROC % is -1.92%. Overall, Havila Kystruten AS has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Havila Kystruten AS's ROC % compare to BKNG and ABNB?
Havila Kystruten AS's ROC % of -1.92% can be compared against companies in the Travel & Leisure industry. The industry median ROC % is 3.74. 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. 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 Havila Kystruten AS 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. Havila Kystruten AS's current ROC % is -1.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havila Kystruten AS stock overvalued right now?
Based on GuruFocus' analysis, Havila Kystruten AS (OSL:HKY) is currently considered Fairly Valued. The stock's GF Value™ is kr54.09, compared to a current price of kr59.50 — trading 10% above its estimated fair value. The current ROC % is -1.92%. Havila Kystruten AS's overall GF Score™ is 50/100 with 6 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 Havila Kystruten AS (OSL:HKY), the current ROC % is -1.92% 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 Havila Kystruten AS (OSL:HKY) Overvalued in 2026?
Based on GuruFocus' analysis, Havila Kystruten AS stock appears to be overvalued.
The current stock price of kr59.50 is trading 10% above its estimated GF Value™ of kr54.09.
GuruFocus considers Havila Kystruten AS to be Fairly Valued.
Key valuation signals for OSL:HKY:
ROC %: -1.92%
GF Value™: kr54.09 vs. price of kr59.50 (10% above fair value)
No single metric tells the full story. See the OSL:HKY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Havila Kystruten AS purpose is to operate shipping, transport, and tourism activities, including development and investment in other companies, and other activities naturally related thereto. It operates four vessels on the classic coastal route between Bergen and Kirkenes, using some of the environmentally friendly ships along the Norwegian coast.
50GF Score
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