ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Aeroports de Paris's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 5.19%.
As of today (2026-06-24), Aeroports de Paris's WACC % is 5.09%. Aeroports de Paris's ROC % is 3.53% (calculated using TTM income statement data).
Aeroports de Paris earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Aeroports de Paris (WBO:ADPA) 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, Aeroports de Paris's WACC % is 5.09%. Aeroports de Paris's ROC % is 3.53% (calculated using TTM income statement data).
Aeroports de Paris 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.
Aeroports de Paris ROC % Related Terms
Aeroports de Paris ROC % Historical Data
* Premium members only.
The historical data trend for Aeroports de Paris'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.
Aeroports de Paris (WBO:ADPA) has a ROC % of 5.19% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Aeroports de Paris and its competitors.
Is Aeroports de Paris' ROC % too high?
Aeroports de Paris' current ROC % is 5.19%. The Transportation industry median ROC % is 4.69. Aeroports de Paris' value of 5.19% is 10.7% above this industry median. Overall, Aeroports de Paris has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aeroports de Paris' ROC % compare to JOBY?
Aeroports de Paris' ROC % of 5.19% can be compared against companies in the Transportation industry. The industry median ROC % is 4.69. Aeroports de Paris' value of 5.19% is 10.7% 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. Aeroports de Paris's current ROC % of 5.19% is 10.7% 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 Aeroports de Paris 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. Aeroports de Paris's current ROC % is 5.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aeroports de Paris stock overvalued right now?
Based on GuruFocus' analysis, Aeroports de Paris (WBO:ADPA) is currently considered Modestly Undervalued. The stock's GF Value™ is €135.81, compared to a current price of €110.20 — trading 18.9% below its estimated fair value. The current ROC % is 5.19% and 10.7% above the Transportation industry median of 4.69. Aeroports de Paris' overall GF Score™ is 76/100 with 5 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 Aeroports de Paris (WBO:ADPA), the current ROC % is 5.19% 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 Aeroports de Paris (WBO:ADPA) Overvalued in 2026?
Based on GuruFocus' analysis, Aeroports de Paris stock appears to be undervalued.
The current stock price of €110.20 is trading 18.9% below its estimated GF Value™ of €135.81.
GuruFocus considers Aeroports de Paris to be Modestly Undervalued.
Key valuation signals for WBO:ADPA:
ROC %: 5.19%
GF Value™: €135.81 vs. price of €110.20 (18.9% below fair value)
Industry Position: 10.7% above the Transportation median
No single metric tells the full story. See the WBO:ADPA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aeroports de Paris owns and operates Paris' commercial airports, Charles de Gaulle, Orly, and Paris-Le Bourget, and has equity holdings in TAV Airports and GMR Airports. The Parisian airports operate under a hybrid-till regime, but there is no cross-subsidy, which leaves their commercial businesses largely unregulated. The Parisian business is split between regulated aviation activities, retail and services businesses, and real estate activities. In 2025, retail and services contributed 56% of the group's operating profit, despite generating only 32% of the group's sales. It has a relatively high contribution from its international segment among our European airport coverage, with 28% of group EBITDA deriving from overseas operations in 2025.
76GF Score
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