ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. BNB Plus's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was -62.57%.
As of today (2026-06-29), BNB Plus's WACC % is 16.59%. BNB Plus's ROIC % is -313.50% (calculated using TTM income statement data).
BNB Plus earns returns that do not match up to its cost of capital. It will destroy value as it grows.
BNB Plus (NAS:BNBX) 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, BNB Plus's WACC % is 16.59%. BNB Plus's ROIC % is -313.50% (calculated using TTM income statement data).
BNB Plus 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.
BNB Plus ROIC % Related Terms
BNB Plus ROIC % Historical Data
* Premium members only.
The historical data trend for BNB Plus'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 Asset Management subindustry, BNB Plus'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.
BNB Plus ROIC % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BNB Plus's ROIC % distribution charts can be found below:
* The bar in red indicates where BNB Plus's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) 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.
BNB Plus (BNBX) has a ROIC % of -62.57% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on BNB Plus and its competitors.
Is BNB Plus' ROIC % too high?
BNB Plus' current ROIC % is -62.57%. Overall, BNB Plus has a GF Score™ of 23/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BNB Plus' ROIC % compare to DEFG and TWAV?
BNB Plus' ROIC % of -62.57% can be compared against companies in the Asset Management industry. The industry median ROIC % 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 ROIC % for an Asset Management company?
The median ROIC % among Asset Management companies is 1.21, based on 707 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. 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 BNB Plus and its competitors. For the Asset Management industry, the median ROIC % is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BNB Plus's current ROIC % is -62.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BNB Plus stock overvalued right now?
Based on GuruFocus' analysis, BNB Plus (BNBX) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.23, compared to a current price of $0.39 — trading 67.5% above its estimated fair value. The current ROIC % is -62.57%. BNB Plus' overall GF Score™ is 23/100 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 BNB Plus (BNBX), the current ROIC % is -62.57% as of Mar. 2026. 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 BNB Plus (BNBX) Overvalued in 2026?
Based on GuruFocus' analysis, BNB Plus stock appears to be overvalued.
The current stock price of $0.39 is trading 67.5% above its estimated GF Value™ of $0.23.
GuruFocus considers BNB Plus to be Significantly Overvalued.
Key valuation signals for BNBX:
ROIC %: -62.57%
GF Value™: $0.23 vs. price of $0.39 (67.5% above fair value)
No single metric tells the full story. See the BNBX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BNB Plus Corp focuses on digital asset treasury management of BNB. The group is unlocking institutional-grade access to the Binance ecosystem, delivering non-directional yield strategies and long BNB exposure, powering the future of blockchain through a transparent, actively managed BNB treasury. The Company's differentiated blends sophisticated DeFi yield generation with Binance-native opportunities, unlocking access to high-performance digital assets for investors traditionally excluded from the space.
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