ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Novaturas AB's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 0.29%.
As of today (2026-06-29), Novaturas AB's WACC % is 9.55%. Novaturas AB's ROC % is -0.66% (calculated using TTM income statement data).
Novaturas AB earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Novaturas AB (WAR:NTU) 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, Novaturas AB's WACC % is 9.55%. Novaturas AB's ROC % is -0.66% (calculated using TTM income statement data).
Novaturas AB 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.
Novaturas AB ROC % Related Terms
Novaturas AB ROC % Historical Data
* Premium members only.
The historical data trend for Novaturas AB'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 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.
Novaturas AB (WAR:NTU) has a ROC % of 0.29% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Novaturas AB and its competitors.
Is Novaturas AB's ROC % too high?
Novaturas AB's current ROC % is 0.29%. The Travel & Leisure industry median ROC % is 3.76. Novaturas AB's value of 0.29% is 92.3% below this industry median. Overall, Novaturas AB has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Novaturas AB's ROC % compare to BKNG and ABNB?
Novaturas AB's ROC % of 0.29% can be compared against companies in the Travel & Leisure industry. The industry median ROC % is 3.76. Novaturas AB's value of 0.29% is 92.3% below 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 3.76, based on 835 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. Novaturas AB's current ROC % of 0.29% is 92.3% below 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 Novaturas AB and its competitors. For the Travel & Leisure industry, the median ROC % is 3.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novaturas AB's current ROC % is 0.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novaturas AB stock overvalued right now?
Based on GuruFocus' analysis, Novaturas AB (WAR:NTU) is currently considered Significantly Undervalued. The stock's GF Value™ is zł10.33, compared to a current price of zł4.79 — trading 53.6% below its estimated fair value. The current ROC % is 0.29% and 92.3% below the Travel & Leisure industry median of 3.76. Novaturas AB's overall GF Score™ is 68/100 with 4 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 Novaturas AB (WAR:NTU), the current ROC % is 0.29% 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 Novaturas AB (WAR:NTU) Overvalued in 2026?
Based on GuruFocus' analysis, Novaturas AB stock appears to be undervalued.
The current stock price of zł4.79 is trading 53.6% below its estimated GF Value™ of zł10.33.
GuruFocus considers Novaturas AB to be Significantly Undervalued.
Key valuation signals for WAR:NTU:
ROC %: 0.29%
GF Value™: zł10.33 vs. price of zł4.79 (53.6% below fair value)
Industry Position: 92.3% below the Travel & Leisure median
No single metric tells the full story. See the WAR:NTU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Novaturas AB is an organizer of recreational and sightseeing tours in the Baltic States. Its business segments include Flight package tours, Sightseeing tours by plane, Sightseeing tours by coach, and Others. The company takes care of holiday and sightseeing tours by charter flights, sightseeing tours to far destinations, and bus tours. It offers various traveling-related services including flight tickets and hotel bookings.
68GF Score
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