ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Bell Equipment's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was 5.57%.
As of today (2026-06-28), Bell Equipment's WACC % is 11.43%. Bell Equipment's ROIC % is 5.52% (calculated using TTM income statement data).
Bell Equipment earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Bell Equipment (OTCPK:BLLQF) 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, Bell Equipment's WACC % is 11.43%. Bell Equipment's ROIC % is 5.52% (calculated using TTM income statement data).
Bell Equipment 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.
Bell Equipment ROIC % Related Terms
Bell Equipment ROIC % Historical Data
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The historical data trend for Bell Equipment'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.
For the Farm & Heavy Construction Machinery subindustry, Bell Equipment'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.
Bell Equipment ROIC % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Bell Equipment's ROIC % distribution charts can be found below:
* The bar in red indicates where Bell Equipment'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.
Bell Equipment (BLLQF) has a ROIC % of 5.57% 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 Bell Equipment and its competitors.
Is Bell Equipment's ROIC % too high?
Bell Equipment's current ROIC % is 5.57%. The Farm & Heavy Construction Machinery industry median ROIC % is 5.56. Bell Equipment's value of 5.57% is 0.2% above this industry median. Overall, Bell Equipment has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bell Equipment's ROIC % compare to CAT and DE?
Bell Equipment's ROIC % of 5.57% can be compared against companies in the Farm & Heavy Construction Machinery industry. The industry median ROIC % is 5.56. Bell Equipment's value of 5.57% is 0.2% 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 Farm & Heavy Construction Machinery company?
The median ROIC % among Farm & Heavy Construction Machinery companies is 5.56, based on 208 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. Bell Equipment's current ROIC % of 5.57% is 0.2% 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 Bell Equipment and its competitors. For the Farm & Heavy Construction Machinery industry, the median ROIC % is 5.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bell Equipment's current ROIC % is 5.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bell Equipment stock overvalued right now?
Based on GuruFocus' analysis, Bell Equipment (BLLQF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.09, compared to a current price of $2.30 — trading 10% above its estimated fair value. The current ROIC % is 5.57% and 0.2% above the Farm & Heavy Construction Machinery industry median of 5.56. Bell Equipment's overall GF Score™ is 49/100 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 Bell Equipment (BLLQF), the current ROIC % is 5.57% 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 Bell Equipment (BLLQF) Overvalued in 2026?
Based on GuruFocus' analysis, Bell Equipment stock appears to be overvalued.
The current stock price of $2.30 is trading 10% above its estimated GF Value™ of $2.09.
GuruFocus considers Bell Equipment to be Significantly Overvalued.
Key valuation signals for BLLQF:
ROIC %: 5.57%
GF Value™: $2.09 vs. price of $2.30 (10% above fair value)
Industry Position: 0.2% above the Farm & Heavy Construction Machinery median
No single metric tells the full story. See the BLLQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bell Equipment Ltd designs and manufactures a wide Collection of products. This includes a complete range of Bell forestry and agriculture products. It seeks to develop and support local suppliers and invests in outreach initiatives with a focus on education, training, and development both internally and externally. It conducts two main business operations Manufacturing, assembly, logistics and dealer sales operations which is OEM operations comprising manufacturing, assembly and sales of equipment and aftermarket products to independent dealers for their distribution to market; and Direct Sales operations which is owned distribution operations for direct sales of own manufactured products, other third party products and the supply of aftermarket support and products to market.
49GF Score
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