Noval Property Real Estate Investment Co (ATH:NOVAL) ROIC %: 3.98% (As of Dec. 2025)


ATH:NOVAL Noval Property Real Estate Investment Co ATH:NOVAL
17 GF Score
Price €2.54
! 3 Warning Signs
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What is Noval Property Real Estate Investment Co ROIC %?

Noval Property Real Estate Investment Co ATH:NOVAL -0.39% 17 ROIC % is 3.98% as of Dec. 2025. GuruFocus rates ATH:NOVAL with a GF Score™ of 17/100. The stock has 3 warning signs investors should review.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Noval Property Real Estate Investment Co's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was 3.98%.

As of today (2026-07-09), Noval Property Real Estate Investment Co's WACC % is 7.06%. Noval Property Real Estate Investment Co's ROIC % is 3.47% (calculated using TTM income statement data). Noval Property Real Estate Investment Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Noval Property Real Estate Investment Co  (ATH:NOVAL) 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, Noval Property Real Estate Investment Co's WACC % is 7.06%. Noval Property Real Estate Investment Co's ROIC % is 3.47% (calculated using TTM income statement data). Noval Property Real Estate Investment Co 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 %, 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.

Noval Property Real Estate Investment Co ROIC % Related Terms

Noval Property Real Estate Investment Co ROIC % Historical Data

* Premium members only.

The historical data trend for Noval Property Real Estate Investment Co's ROIC % 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.

Noval Property Real Estate Investment Co ROIC % Chart

Noval Property Real Estate Investment Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROIC %
1.88 2.42 3.01 2.96 3.49

Noval Property Real Estate Investment Co Semi-Annual Data
Dec21 Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
ROIC % Get a 7-Day Free Trial 0.00 2.79 3.11 2.93 3.98

ATH:NOVAL vs VICI, WPC, BNL: ROIC % Comparison

For the REIT - Diversified subindustry, Noval Property Real Estate Investment Co'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.

Noval Property Real Estate Investment Co ROIC % vs REITs Industry

For the REITs industry and Real Estate sector, Noval Property Real Estate Investment Co's ROIC % distribution charts can be found below:

* The bar in red indicates where Noval Property Real Estate Investment Co's ROIC % falls into.


ATH:NOVAL
17GF Score
Noval Property Real Estate Investment Co ATH:NOVAL
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Noval Property Real Estate Investment Co ROIC % Calculation

Noval Property Real Estate Investment Co's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROIC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=26.012 * ( 1 - 5.75% )/( (680.606 + 722.452)/ 2 )
=24.51631/701.529
=3.49 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=746.23 - 11.452 - ( 72.785 - max(0, 26.005 - 80.177+72.785))
=680.606

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=767.341 - 5.882 - ( 47.644 - max(0, 15.49 - 54.497+47.644))
=722.452

Noval Property Real Estate Investment Co's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2025 is calculated as:

ROIC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=30.178 * ( 1 - 5.19% )/( (716.194 + 722.452)/ 2 )
=28.6117618/719.323
=3.98 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=758.676 - 6.288 - ( 57.313 - max(0, 26.263 - 62.457+57.313))
=716.194

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=767.341 - 5.882 - ( 47.644 - max(0, 15.49 - 54.497+47.644))
=722.452

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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 3.98% mean?
Noval Property Real Estate Investment Co (ATH:NOVAL) has a ROIC % of 3.98% 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 Noval Property Real Estate Investment Co and its competitors.
Is Noval Property Real Estate Investment Co's ROIC % too high?
Noval Property Real Estate Investment Co's current ROIC % is 3.98%. The REITs industry median ROIC % is 3.74. Noval Property Real Estate Investment Co's value of 3.98% is 6.4% above this industry median. Overall, Noval Property Real Estate Investment Co has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Noval Property Real Estate Investment Co's ROIC % compare to VICI and WPC?
Noval Property Real Estate Investment Co's ROIC % of 3.98% can be compared against companies in the REITs industry. The industry median ROIC % is 3.74. Noval Property Real Estate Investment Co's value of 3.98% is 6.4% 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 REITs company?
The median ROIC % among REITs companies is 3.74, based on 744 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. Noval Property Real Estate Investment Co's current ROIC % of 3.98% is 6.4% 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 Noval Property Real Estate Investment Co and its competitors. For the REITs industry, the median ROIC % is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noval Property Real Estate Investment Co's current ROIC % is 3.98%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noval Property Real Estate Investment Co stock overvalued right now?
Noval Property Real Estate Investment Co (ATH:NOVAL) has a current ROIC % of 3.98%. The current ROIC % is 3.98% and 6.4% above the REITs industry median of 3.74. Noval Property Real Estate Investment Co's overall GF Score™ is 17/100 with 3 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 Noval Property Real Estate Investment Co (ATH:NOVAL), the current ROIC % is 3.98% 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.

Noval Property Real Estate Investment Co Business Description

Industry Real EstateREITs
Address Leof. Mesogeion 2-4, Athens, GRC, 115 27
Noval Property Real Estate Investment Co is a well-diversified Real Estate Investment Company (REIC) engaged in sourcing, evaluating, and acquiring attractive investment opportunities mainly in the Greek real estate market. The company's investment portfolio includes various real estate properties comprising office buildings, commercial spaces, retail stores, hospitality properties, logistics, industrial buildings, and warehouses, as well as land and buildings for future development. Its operating segments are Retail, which derives maximum revenue, Offices, Industrial properties, Hospitality, and Other. Geographically, the company derives a majority of its revenue from Greece in the form of rental income, and the rest from Bulgaria.
17GF Score

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ROIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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