ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Innovative-RFK SpA's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was -4.75%.
As of today (2026-06-26), Innovative-RFK SpA's WACC % is 4.86%. Innovative-RFK SpA's ROC % is -4.75% (calculated using TTM income statement data).
Innovative-RFK SpA earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Innovative-RFK SpA (XPAR:MLIRF) 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, Innovative-RFK SpA's WACC % is 4.86%. Innovative-RFK SpA's ROC % is -4.75% (calculated using TTM income statement data).
Innovative-RFK SpA 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.
Innovative-RFK SpA ROC % Related Terms
Innovative-RFK SpA ROC % Historical Data
* Premium members only.
The historical data trend for Innovative-RFK SpA'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 one times the 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.
Innovative-RFK SpA (XPAR:MLIRF) has a ROC % of -4.75% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Innovative-RFK SpA and its competitors.
Is Innovative-RFK SpA's ROC % too high?
Innovative-RFK SpA's current ROC % is -4.75%. Overall, Innovative-RFK SpA has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Innovative-RFK SpA's ROC % compare to BLK and BX?
Innovative-RFK SpA's ROC % of -4.75% can be compared against companies in the Asset Management industry. The industry median ROC % is 1.21. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for an Asset Management company?
The median ROC % among Asset Management companies is 1.21, based on 709 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 Innovative-RFK SpA and its competitors. For the Asset Management industry, the median ROC % is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative-RFK SpA's current ROC % is -4.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovative-RFK SpA stock overvalued right now?
Based on GuruFocus' analysis, Innovative-RFK SpA (XPAR:MLIRF) is currently considered Possible Value Trap. The stock's GF Value™ is €5.36, compared to a current price of €1.69 — trading 68.5% below its estimated fair value. The current ROC % is -4.75%. Innovative-RFK SpA's overall GF Score™ is 71/100 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 Innovative-RFK SpA (XPAR:MLIRF), the current ROC % is -4.75% 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 Innovative-RFK SpA (XPAR:MLIRF) Overvalued in 2026?
Based on GuruFocus' analysis, Innovative-RFK SpA stock appears to be undervalued.
The current stock price of €1.69 is trading 68.5% below its estimated GF Value™ of €5.36.
GuruFocus considers Innovative-RFK SpA to be Possible Value Trap.
Key valuation signals for XPAR:MLIRF:
ROC %: -4.75%
GF Value™: €5.36 vs. price of €1.69 (68.5% below fair value)
No single metric tells the full story. See the XPAR:MLIRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innovative-RFK SpA is an investment fund investing in inventive Italian Small and medium-sized enterprises. The company's services include business consultancy services and corporate planning, management and operations consultancy on company policy, planning, organization, efficiency and control, company development and restructuring; consultancy services on marketing management to inventive start-ups and Small and medium-sized enterprises.
71GF Score
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ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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