ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Corby Spirit and Wine's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 10.52%.
As of today (2026-06-27), Corby Spirit and Wine's WACC % is 4.72%. Corby Spirit and Wine's ROIC % is 11.44% (calculated using TTM income statement data).
Corby Spirit and Wine 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.
Corby Spirit and Wine (OTCPK:CBYDF) 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, Corby Spirit and Wine's WACC % is 4.72%. Corby Spirit and Wine's ROIC % is 11.44% (calculated using TTM income statement data).
Corby Spirit and Wine 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.
* 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 Beverages - Wineries & Distilleries subindustry, Corby Spirit and Wine'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.
Corby Spirit and Wine ROIC % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Corby Spirit and Wine's ROIC % distribution charts can be found below:
* The bar in red indicates where Corby Spirit and Wine'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.
Corby Spirit and Wine (CBYDF) has a ROIC % of 10.52% 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 Corby Spirit and Wine and its competitors.
Is Corby Spirit and Wine's ROIC % too high?
Corby Spirit and Wine's current ROIC % is 10.52%. The Beverages - Alcoholic industry median ROIC % is 4.70. Corby Spirit and Wine's value of 10.52% is 123.8% above this industry median. Overall, Corby Spirit and Wine has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Corby Spirit and Wine's ROIC % compare to BF.B?
Corby Spirit and Wine's ROIC % of 10.52% can be compared against companies in the Beverages - Alcoholic industry. The industry median ROIC % is 4.70. Corby Spirit and Wine's value of 10.52% is 123.8% 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 Beverages - Alcoholic company?
The median ROIC % among Beverages - Alcoholic companies is 4.70, based on 211 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. Corby Spirit and Wine's current ROIC % of 10.52% is 123.8% 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 Corby Spirit and Wine and its competitors. For the Beverages - Alcoholic industry, the median ROIC % is 4.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Corby Spirit and Wine's current ROIC % is 10.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corby Spirit and Wine stock overvalued right now?
Based on GuruFocus' analysis, Corby Spirit and Wine (CBYDF) is currently considered Fairly Valued. The stock's GF Value™ is $11.30, compared to a current price of $11.37 — trading 0.6% above its estimated fair value. The current ROIC % is 10.52% and 123.8% above the Beverages - Alcoholic industry median of 4.70. Corby Spirit and Wine's overall GF Score™ is 94/100 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 Corby Spirit and Wine (CBYDF), the current ROIC % is 10.52% 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 Corby Spirit and Wine (CBYDF) Overvalued in 2026?
Based on GuruFocus' analysis, Corby Spirit and Wine stock appears to be overvalued.
The current stock price of $11.37 is trading 0.6% above its estimated GF Value™ of $11.30.
GuruFocus considers Corby Spirit and Wine to be Fairly Valued.
Key valuation signals for CBYDF:
ROIC %: 10.52%
GF Value™: $11.30 vs. price of $11.37 (0.6% above fair value)
Industry Position: 123.8% above the Beverages - Alcoholic median
No single metric tells the full story. See the CBYDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer, and importer of spirits, wines, and ready-to-drink cocktails. The company derives its revenues from the sale of its owned brands in Canada and other international markets, as well as earning commissions from representing selected non-owned brands in the Canadian market. It has two reportable segments: Case Goods and Commissions. Maximum revenue is generated from its Case Goods segment, which is involved in the production and distribution of its owned beverage alcohol brands. Corby's portfolio of owned brands includes J. P. Wiser's Canadian whisky, Lamb's rum, Polar Ice vodka, McGuinness liqueurs, and Cottage Springs and Nude RTD beverages. Geographically, it derives key revenue from Canada, followed by the USA, UK, and others.
94GF Score
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