ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Athens International Airport's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was 14.80%.
As of today (2026-07-03), Athens International Airport's WACC % is 8.66%. Athens International Airport's ROIC % is 13.75% (calculated using TTM income statement data).
Athens International Airport generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
Athens International Airport (ATH:AIA) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. 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 ROIC % 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, Athens International Airport's WACC % is 8.66%. Athens International Airport's ROIC % is 13.75% (calculated using TTM income statement data).
Athens International Airport generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
Be Aware
Like ROE % and ROA %, ROIC % 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.
Athens International Airport ROIC % Related Terms
Athens International Airport ROIC % Historical Data
* 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.
For the Airports & Air Services subindustry, Athens International Airport's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Athens International Airport ROIC % vs Transportation Industry
For the Transportation industry and Industrials sector, Athens International Airport's ROIC % distribution charts can be found below:
* The bar in red indicates where Athens International Airport's ROIC % falls into.
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.
Athens International Airport (ATH:AIA) has a ROIC % of 14.80% as of Dec. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Athens International Airport and its competitors.
Is Athens International Airport's ROIC % too high?
Athens International Airport's current ROIC % is 14.80%. The Transportation industry median ROIC % is 4.69. Athens International Airport's value of 14.80% is 215.6% above this industry median. Overall, Athens International Airport has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Athens International Airport's ROIC % compare to JOBY?
Athens International Airport's ROIC % of 14.80% can be compared against companies in the Transportation industry. The industry median ROIC % is 4.69. Athens International Airport's value of 14.80% is 215.6% 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 ROIC % for a Transportation company?
The median ROIC % among Transportation companies is 4.69, based on 985 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Athens International Airport's current ROIC % of 14.80% is 215.6% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Athens International Airport and its competitors. For the Transportation industry, the median ROIC % is 4.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Athens International Airport's current ROIC % is 14.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Athens International Airport stock overvalued right now?
Athens International Airport (ATH:AIA) has a current ROIC % of 14.80%. The current ROIC % is 14.80% and 215.6% above the Transportation industry median of 4.69. Athens International Airport's overall GF Score™ is 34/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Athens International Airport (ATH:AIA), the current ROIC % is 14.80% 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.
Athens International Airport SA is engaged in the design, financing, construction, completion, commissioning, maintenance, operation, management, and development of the Athens International Airport . The company's operating segments are: Air activities and Non-air activities. The maximum revenue is generated from its Air activities segment, which includes the provision at the Airport of any facilities like the landing, parking, or taking-off of aircraft; the servicing of aircraft; and the handling of passengers, among others. The Non-air activities segment represents revenues from non-air activities, mainly consisting of car parking, food and beverage, duty-free, retail shops, building/office rental, and other commercial services.
34GF Score
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