ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Television Broadcasts's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 8.39%.
As of today (2026-06-26), Television Broadcasts's WACC % is 5.28%. Television Broadcasts's ROC % is 1.97% (calculated using TTM income statement data).
Television Broadcasts earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Television Broadcasts (OTCPK:TVBCF) 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, Television Broadcasts's WACC % is 5.28%. Television Broadcasts's ROC % is 1.97% (calculated using TTM income statement data).
Television Broadcasts 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.
Television Broadcasts (TVBCF) has a ROC % of 8.39% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Television Broadcasts and its competitors.
Is Television Broadcasts' ROC % too high?
Television Broadcasts' current ROC % is 8.39%. The Media - Diversified industry median ROC % is 1.41. Television Broadcasts' value of 8.39% is 497.2% above this industry median. Overall, Television Broadcasts has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Television Broadcasts' ROC % compare to NXST?
Television Broadcasts' ROC % of 8.39% can be compared against companies in the Media - Diversified industry. The industry median ROC % is 1.41. Television Broadcasts' value of 8.39% is 497.2% 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 Media - Diversified company?
The median ROC % among Media - Diversified companies is 1.41, based on 1,016 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. Television Broadcasts's current ROC % of 8.39% is 497.2% 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 Television Broadcasts and its competitors. For the Media - Diversified industry, the median ROC % is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Television Broadcasts's current ROC % is 8.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Television Broadcasts stock overvalued right now?
Television Broadcasts (TVBCF) has a current ROC % of 8.39%. The stock's GF Value™ is $0.50, compared to a current price of $0.39 — trading 22% below its estimated fair value. The current ROC % is 8.39% and 497.2% above the Media - Diversified industry median of 1.41. Television Broadcasts' overall GF Score™ is 71/100 with 3 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 Television Broadcasts (TVBCF), the current ROC % is 8.39% 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 Television Broadcasts (TVBCF) Overvalued in 2026?
Based on GuruFocus' analysis, Television Broadcasts stock appears to be undervalued.
The current stock price of $0.39 is trading 22% below its estimated GF Value™ of $0.50.
Key valuation signals for TVBCF:
ROC %: 8.39%
GF Value™: $0.50 vs. price of $0.39 (22% below fair value)
Industry Position: 497.2% above the Media - Diversified median
No single metric tells the full story. See the TVBCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Television Broadcasts Ltd is a Hong Kong-based company whose activities involve terrestrial television broadcasting, together with program production and other television-related activities. Its operating segments include Hong Kong TV broadcasting, Digital Media, Chinese Mainland Operations, and International operations. The company derives a majority of its revenue from the Hong Kong TV broadcasting segment, involving the broadcasting of television programs, commercials on terrestrial TV platforms, production of programs, online social media platforms, music entertainment, events, and digital marketing. The group derives revenue from Hong Kong and other countries, with the prime revenue being derived from Hong Kong.
71GF Score
Get the complete analysis for TVBCF
ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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